You’ve looked at all the options when it came to the decision to liquidate your business assets: no family member to pass on the business to; no luck in selling it. Obviously, the best strategy is to simply liquidate in order to receive a cash sum to pay off debts…and maybe a bit left over to take that trip you’d planned before retiring.
What’s needed, of course, is a proven auctioneer to help you through the entire process, and why you should contact the South Florida business liquidation professionals at Lauro Auctioneers. To start with…
We recommend a detailed inventory of assets to sell…
Sounds like an obvious step, but this is where you start thinking ‘IRS’ and establishing good records with serial numbers and photographs, for example; too, you might locate any warranty info that is transferrable as well as repair records.
Can I sell ‘lease to purchase’ items’ ?
Generally, the answer is ‘yes,’ but check your lease agreement. You might find you can pay off the remaining lease payments and then sell it for a considerable profit.
What is ‘liquidation value’ ?
It’s different than what you might expect if you were to sell it outright. The term refers to how much you can “recover in a forced sale.”
Normally, you might find a variance of 20% lower than it’s purported retail value.
That’s where Lauro Auctioneers come in…
Generally, we can prepare a liquidation value report on your items. Then, you can make your own decision about the next step.
‘To the highest bidder!’
That’s the most common way to sell most business assets. Either on-premise and/or through the Internet, which Lauro is very well versed in.
Contact us to learn more about our complete services, including handling real estate sales! Bookkeeping and tracking of sale items are only a small part of our services.
