Business Liquidations/Court Ordered Sales
When a business needs to close or relocate, they often have to “liquidate their assets” whether voluntarily or court ordered. If and when they choose to do this on their own, the process can be time consuming. One way to lessen the stress of having to “liquidate assets” is to utilize our auction services. Lincoln Crum Realty & Auctions helps businesses turn their assets into cash in a quick and efficient way. Rather than deal with returns, repairs, refunds and all the myriad of stuff that bogs a business down, an auction can sell inventory “as is.” Buyers participating in auctions are looking for bargains, and our online method can get people interested in buying lots of items quickly.
A liquidation auction can conveniently be used by a business to pay its creditors. Rather than waiting around to sell items piece by piece, an auction moves a lot of inventory out the door in a timely manner. What could take a business owner months to sell, could take our team a couple of weeks! The auction process, therefore, not only reduces stress for a business owner, but could help reduce overhead expenses as well. How can we help run your court ordered sale or liquidation auction? We will market the auction to interested people who want to buy your items. Items get professionally appraised, an inventory is taken, items are lotted, photos are taken, descriptions are written, and all the paperwork involved is taken care of by our team. We will cut you a proceeds check at the end.
A surplus isn’t always a positive outcome. In some cases, when a manufacturer anticipates a high demand for a product that it produces and makes more than it sells during that time period, it can cause a surplus inventory which may, if it’s deep enough, lead to a financial loss for that quarter or year. When the surplus is taking up valuable warehouse space due to non-use or inability to sell, it could result in negative cash flow or permanent loss.
You can avoid long term carrying costs and recoup some of your investment by hiring our auction service to help you liquidate and turn those assets to cash.
If you need to liquidate assets, call us to discuss a surplus or liquidation auction. The number is (812)282-6043.
To see our current auctions, visit us at LincolnCrum.HiBid.com