If you are selling your business, downsizing or just want to sell some of your manufacturing machinery equipment, you might want to consider an auction.
This should not be undertaken lightly but should begin with some serious analysis of whether this is the right step for you and your business. A plan must be developed and a decision made as to what your bottom line price will be to sell each piece being offered for sale. However, it can be arduous process and might not bring the rewards that you are seeking.
It is important to get a reputable auctioneer that has a successful track record for managing an machinery equipment auction. Benefits for a seller include the opportunity to get buyers quickly and to sell their machinery equipment all at once an example would be forklifts. It is an opportunity for the buyer to see what he is buying and could be a fast way to realize some cash if you need it in a hurry. However, there are the chances that all the work that goes into an auction is not fulfilled if the machinery equipment does not sell at the price you want or if it does not sell at all. Large machinery equipment especially those big ticket items that are more than $250,000 can be difficult to sell especially in an auction environment where you might not get the bids that you are looking for.
If you are a buyer and don’t have the time to do a lot of research and have heard that a particular company is selling machinery equipment that you might be able to use, why not take advantage of the opportunity to get everything all at once? Auctions can be a viable venue for purchasing machinery equipment or machinery especially if the seller is pressured to sell quickly thereby raising the possibility for some bargains that you might not otherwise have had.
Machinery of all types is sold by auction every day so there is an opportunity for a person to realize a good buy if they are careful and know what they are doing. It is important to know all of the specifics about a piece of machinery equipment or machinery that is being sold, particularly if it is older and has seen a lot of use. To ensure that you are clear, it is a good idea to get as much information as you can about the merchandise you are buying and understand the conditions of the sale. If it is sold “As Is” it usually means there is something wrong with it.
However, bargains can be had in an auction and you can purchase online which makes it far easier than having to travel somewhere to see the merchandise. Some machinery equipment that is sold in auctions is surplus merchandise and might not have seen any use at all. This would be a great benefit for someone who purchases machinery at a good price and it is indeed just like new!
Resources:
