Restaurant closures, business mergers, bankruptcies, excess and obsolete inventory are just a few of the circumstances where equipment and assets may become surplus or idle and the service of a liquidator may be required. Whether our clients are faced with multiple facilities or a single asset, we have a variety of liquidation services available and are able to leverage the resources to deliver the value expected.
In approaching each individual project, our number one focus is always with the needs of our clients. The Auction Guy Inc. offers different options for liquidating assets, such as live auctions, online auctions, orderly liquidation clearance sales and sale by private treaty. The type of assets offered, the location, the potential buyers and timeline are always important considerations when developing the correct approach.
The live auction sale is the most traditional of the sale methods offered and the benchmark of the services provided by The Auction Guy. A live auction sale takes advantage of having a large group of potential buyers together at a specified time and location. Using the skill of the professional liquidation auctioneer, excitement and competition is created amongst the crowd and through the bidding process and by the highest bidder, the maximum return is achieved.
The Auction Guy utilizes a Secure Mobile Auction Service allowing for auctions to be held at almost any location. Using a fully computerized clerking system combined with our POS Software provides for customized client sales reports, asset tracking, customer invoicing, as well as convenient payment options including cash, debit and credit card services.
An online auction sale is a sale of assets that takes place exclusively online without the use of the live auctioneer. Similar to “eBay”, items are offered for auction online using our proprietary software. Potential buyers can bid on any item 24 hours a day throughout the duration of the auction sale.
This method of auction sale works well when companies or individuals have specialized assets requiring a more defined and targeted buying audience. This method of liquidation also works when companies have a lesser number of assets that may not warrant the cost of a live auction.
Buyers can simply register for the auction sale online at our website. Once registered, the buyer can search through the assets being offered and enter their bids by typing in the bid amount next to the pertaining lot. The buyer also has the option of setting a maximum bid amount allowing the system to bid automatically on the buyer’s behalf. Once the sale closes, the system will also automatically notify the buyer of their successful purchase and payment is collected.
Orderly liquidations work well when the assets are of larger and more repetitive quantity, have significant value, are of limited market demand or are of a specialized application. The orderly liquidation scenario is compatible with all types of assets and can be held at any location where the assets would be available for purchase on a negotiated basis over an extended period of time.
This type of sale is best suited when specialized assets are involved and require a specific target market. The Auction Guy serves as a broker on behalf of the seller and handles all negotiations with the buyer, based upon the terms and conditions provided by the seller.
Which ever method is best for you; The Auction Guy can design and implement a customized liquidation strategy that best focuses on converting excess inventory into working capital, fast.
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