After Hostess announced bankruptcy in November, Twinkies began flying off store shelves. Some consumers were hoarding their favorite snack cakes while others were looking to profit by selling Twinkies at inflated prices on the internet. It appears as though the iconic snack cake will survive, however. As Hostess entered the liquidation process, bidders began lining up to bid on parts of the business. Over 100 bidders have already indicated interest and at least 70 have signed confidentiality agreements. The company’s liquidation could raise as much as $1 billion.
Unfortunately, not every business going though liquidation has the advantage of being known for making products as well known as Twinkies, Ding Dongs, and Ho-Hos. Still whatever the size of the company, its liquidation needs are the same: quickly liquidate business assets for as much revenue as possible. If you need to quickly liquidate your business assets, a south florida business liquidation auction may be the best option for you.
Business owners can sell equipment on their own, but that takes time and resources. Hiring a professional business liquidation auctioneer can save time and help business owners earn higher proceeds on the sale. Professional auctioneers know how to market and run an auction so that assets earn the highest total revenue possible. For example, consider just the work involved in preparing for a sale. For a successful sale, business owners will have to prepare inventory lists, clean and prepare assets for sale, price inventory, and arrange it for sale. Auction firms take the preparatory work off the shoulders of the business owner in addition to running the sale and processing payments. Contracting with an auction firm can also expand the market for the sale, resulting in more bidders and higher bids for inventory.
Lauro Auctioneers is a professional auction firm serving the South Florida area. We specialize in business liquidation auctions and offer sellers both cash buyout and consignment options. Contact us to learn more about how we can help you quickly liquidate your assets.
