Awrey Bakeries - Another Success Story

Awrey Bakeries, once one of the largest privately owned bakeries in the country, was a struggling 100-year old business that was going to be auctioned off in February of 2013.  As one of the few remaining Detroit-area brands still operating, it avoided permanent closure in a down-to-the-wire deal.   

As leading experts with this type of closure, Rabin had been brought in to assist with the sale of the factory and all of the equipment. The bakery was originally scheduled to close in January and lay off all 200 workers as it was prepared to go to auction, but instead the plant continued to operate until late February.

We sent the Rabin set-up team to respectfully work around the employees in the plant to get the enormous facility prepared for the auction.  The team accomplished this in less than three weeks.  While this was going on, we were aggressively marketing the property and equipment to buyers from all over the world including Mexico, Macedonia, Canada, Lebanon, Bulgaria, Central America and a large national interest in the equipment.  The next part of the story takes quite a twist. 

Just one week before the auction, a prospective user approached us and we negotiated a turnkey sale.  The new owner not only reopened the factory the next week but ended up rehiring almost half of the Awrey workers.  It turned out to be a winning situations for all parties as it kept a sorely needed industry in Livonia, Michigan as well as doubled the projected expectations of our client. 

At Rabin we provide turnkey sales and solutions throughout North America.  We actively market and sell companies in their entirety, including equipment, inventory, intellectual property, customers, and often the attached real estate.   Contact us to learn more. 

Rabin is an international company that specializes in creating liquidity for complex manufacturing facilities with idle or marginally productive assets.  Past auctions include names such as Hostess, Braniff Airlines, Montgomery Ward, and the Railway Express Agency.  Rabin is headquartered in San Francisco with a European subsidiary office in Manchester, United Kingdom. 

Capital Equipment Purchases

Regardless of whether your company is large or small, making capital equipment purchases require careful consideration.  Identifying your needs for replacing, upgrading or adding to your current inventory of capital equipment and machinery needs to be reviewed and analyzed for all available options. 

By recognizing the significance of capital purchases for equipment and machinery, a business needs to determine if the new pieces will add value and perform well over their expected life span and beyond.  This is where a lifecycle analysis can help.  It is used to chart out the full cost of ownership and compare the costs between different models and the price difference if bought new, used, or leased.
 

The process of a lifecycle analysis takes into account the full price of the leasing agreement and the purchase price of buying the equipment new or used.  Factors should include: delivery charges, installation fees, any training costs, maintenance, and depreciation.  Other things to figure in would be the cost of disposing of your existing equipment and any plant layout changes the new equipment or machinery will require.  If financing the equipment or machinery, be sure to include any interest charges as well. 
 

Used equipment may be your best bet for equipment or machinery that is not technologically dependent and is not likely to become obsolete in a short period of time.   Also new or used equipment allows you as the owner to make modifications, whereas with rental equipment, you generally are locked into that piece of equipment for a set period of time and cannot make any alterations to it.  
 

We encourage you to check out our current and upcoming auctions and liquidation sales at Rabin.  As leading industrial and commercial liquidators, Rabin has sold equipment assets in every trade sector and on almost every continent. We purchase complete factories, including real estate, and conduct auctions of any size on behalf of our clients.
 

In business for over 60 years, Rabin Worldwide is an industrial auction and real estate investment company, with a focus on the acquisition and sale of industrial equipment and facilities around the world. In addition to being specialists in providing companies with expert asset valuation and asset recovery services, we also run an in-house commercial real estate investment and management company.  Rabin Worldwide is headquartered in San Francisco with a European subsidiary office in Manchester, United Kingdom.

 

Better to Buy Used Equipment or to Lease?

If you are wondering if it may be a better idea to buy at auction or to lease the equipment you need, there are several things you should consider before you make your decision.  To start with you probably want to evaluate how much and for how long you will use the equipment as well as your company’s financial situation.  In many cases, purchasing good used equipment can be cheaper over the long run, and when you are done with it, you still own something of value to sell.

Leasing makes sense for equipment needs that are short term or if it is the type of equipment that requires frequent replacement as it wears out quickly or becomes obsolete.  Another advantage is you typically put up less money upfront, as most leasing agreements do not require a large down payment.  You can also take rentals as leasing expenses on your taxes, but you need to figure out if it outweighs the convenience and long term benefits of buying your own equipment.  And your own equipment can be depreciated over time on your taxes. 

Buying at auction is a perfect solution for heavy industrial or farm equipment and machinery as it typically has a long life span and does not become technologically outdated in a short period of time.  The best deals come down to condition, and the newer the equipment and the better the condition it is in, the more valuable it will be.  And keep in mind, even if you buy at auction, you generally can still finance it. 

If you are thinking of buying at auction, you may want to take part in some online auctions or attend a couple of live ones to get an idea of prices on the equipment and machinery you are interested in.   Keep in mind if you do plan to buy used that you will want to do your homework and find out everything you can about that equipment.

Rabin is an international company that specializes in creating liquidity for complex manufacturing facilities with idle or marginally productive assets.  Rabin’s operations include selling entire plants, multiple plant locations, or surplus individual items by auction or liquidation and much more.  Check out our reviews here.

 

The Importance of a Good Appraisal

 

At Rabin we understand that there is no room for error when getting a professional appraisal as an accurate valuation is the essential starting point for any lending or disposition process.  Companies have a lot riding on the fact that the appraisals they receive from Rabin or any other appraisal firm is as accurate as possible. 

This is why we are pleased to offer our clients services from our professional machinery and equipment appraisal team that has worked together for more than 25 years.  They bring extensive experience in nearly every facet of industrial equipment and provide our clients with real-world obtainable value conclusions.  Whether you want to sell or buy, we offer a superior experience with the most accurate product descriptions, high-quality photos and unmatched customer service.

Every year we assist dozens of companies in obtaining working capital by valuing assets promised as collateral to asset-based lenders and investors.  And our valuation and appraisal services are independent.  With Rabin’s extensive background in the industry and our size, it allows us to provide clients with appraisals that are based on our vast experience and actual sales’ history in the market.  Our clients receive appraisal that they can take to the bank; and commercial lenders and banks know that they can trust our expertise and reply on our valuations. 

Contact us to learn more about our excellent wide range of services that include helping companies maximize the value of their idle or surplus assets by obtaining capital that can be placed back into the business. In addition we have the expertise to assist companies through bankruptcy, insolvency and corporate restructuring.  We are specialist in delivering personal service and attention that makes a real difference.

In business for over 60 years, Rabin Worldwide is an industrial auction and real estate investment company, with a focus on the acquisition and sale of industrial equipment and facilities around the world. In addition to being specialists in providing companies with expert asset valuation and asset recovery services, we also run an in-house commercial real estate investment and management company.  Rabin Worldwide is headquartered in San Francisco with a European subsidiary office in Manchester, United Kingdom.

 

Extensive Professional Services from Rabin

We are a family business that was started by four Rabin brothers in the early 1950’s selling war surplus through liquidations that grew into a professional liquidation company by the late 50’s.  Today while still a family business, we offer so much more.   As a well-respected international company, we have an unmatched track record of successfully doing business throughout the world. 

In addition to our expert auction and liquidation services as well as professional appraisals, Rabin offers a selection of other high-quality services.  One of these is our machinery and equipment financing program that can assist businesses with the process of obtaining needed working capital.  What makes our program unique is our ability to accurately evaluate your company’s assets that will be secured or collateralized.  Most other asset-based lenders or investors must use a third party appraisal to value the supporting assets as they do not have the in-house expertise as Rabin does to do the job themselves. 

Another service we offer is turnkey opportunities throughout North America.  At Rabin we actively market and sell a company in its entirety, including equipment, inventory, intellectual property, customers, and often the attached real estate.  Our proven ability to navigate through all the aspects of complex sales processes offers our clients a compelling one-stop-shop value proposition.

 

An additional opportunity Rabin offers is our partnership and financing program.  We will partner with companies all over the world to finance and purchase large equipment inventories, plants and real estate.  Our network of partners across the world gives us validation in international markets and extends our buyer network for added value for our clients.

Please contact us to learn about all of Rabin’s exceptional services and programs.  We have a long history of expertly helping companies. See what our customers are saying about  us.

For over 60 years, Rabin Worldwide has been assisting companies with creating liquidity through innovative solutions. We specialize in complex manufacturing facilities with idle or marginally productive assets. When you need to sell assets, realize your maximum value by using the services of highly experienced commercial liquidators.

 

Rabin’s Wide Range of Services

At Rabin we are specialists in providing a wide range of services that offer personalized care that makes a difference.  Our broad experience and expertise give us an edge, and our people and systems deliver it.  With a network of nearly 100 partners around the world, we are more than equipped to solve complex asset valuation, asset sale, and liquidation problems quickly and efficiently.  In addition we are proud of the fact that over 50% of our buyers are repeat customers who have recognized the value of the services that we offer. 

An important part of the Rabin Company is our auction and liquidation services. As industry leaders, we have spent years developing relationships with the people who buy industrial machinery and equipment around the world.  Auction buyers respect our knowledge and respect the fact that our auctioneers, appraisers and project managers are all seasoned experts.

Another vital service we provide for our clients is highly trusted appraisals.  Rabin’s expert valuation and asset appraisal services assist companies with obtaining working capital by valuing assets promised as collateral to asset-based lenders and investors. We give our companies the most accurate valuations in the industry and base those valuations on our actual sales in the market.  Banks and corporations have come to rely on our asset values.

The range of industries we have worked with include chemical procession, pharmaceutical, food processing, snack food, agriculture, construction, audio and video, building equipment, heavy equipment, trucking and distribution, mining, packaging, real estate and much more.  If fact our over 60 years in the business have given us experience with most industries.

Please contact us to learn more about these and the all of the other professional services that Rabin offers.  We are headquartered in San Francisco with a European subsidiary office in Manchester, United Kingdom.

Rabin is an international company that specializes in creating liquidity for complex manufacturing facilities with idle or marginally productive assets.  Rabin’s operations include selling entire plants, multiple plant locations, or surplus individual items by auction or liquidation and much more. Past auctions include names such as Hostess, Braniff Airlines, Montgomery Ward, and the Railway Express Agency. 

Past Success Stories Using Rabin’s Services

The Rabin Company has been leading industrial liquidators and auctioneers for more than 60 years.  As a result our portfolio of success stories is quite large.  We have experience in most every industrial sector and help companies sell surplus equipment as well as provide solutions for bankruptcy, insolvency or corporate restructuring.

Several years ago we had the opportunity to assist Johnson & Johnson with liquidating a gauze bandage production facility near Dallas, TX.  The property consisted of 223 acres of land and a manufacturing, warehouse and office building.  Since this was an older facility, the company had a difficult time finding a buyer.  This is when Rabin stepped in and made a difference in the outcome.  We bought the complete facility including all of the equipment as well as the surrounding acreage.  

Through an extensive marketing campaign and utilizing our vast networking base, we were successful in finding a buyer for the facility.  We then proceeded to auction off the items that the new firm was not interested in.  Lastly we subdivided the real estate and sold parcels to a developer who intended to bring needed services and housing to the area.  The whole project turned out to be a winning situation for all parties involved. 

This is just one example of what we call the Rabin Difference.  Our comprehensive services include evaluating, marketing, and selling industrial assets.  We have the resources and people required to conduct aggressive advertising campaigns to get equipment assets to the buyers who need them.  Moreover we have the expertise to navigate sophisticated and complicated transactions and the financial ability to close deals of any size.

Rabin is an international company that specializes in creating liquidity for complex manufacturing facilities with idle or marginally productive assets.  Rabin’s operations include selling entire plants, multiple plant locations, or surplus individual items by auction or liquidation and much more. Past auctions include names such as Hostess, Braniff Airlines, Montgomery Ward, and the Railway Express Agency.  

Rabin’s Auctions are Run Extremely Well

Rabin auctions are fun and exciting and offer bidders not only an opportunity to bid on great machinery and equipment at a fraction of the original price but to network with others in the industry.  However in order for our auctions to run smoothly and efficiently, it takes a team of proficient, experienced professionals to ensure that always happens.

 

In addition to the preparations that are required to get auction items ready to sell, we also have work to do to get an auction site ready before the sale takes place.  Generally our crew starts preparing the site the day before but it depends on the size of the auction. For bigger sales, the site preparation may require a few days. 

If the auction is scheduled to take place in the factory, it is cleaned and everything is double-checked to make sure it is ready to go.  The next step is to set-up the technology that will be used during the sale.  Rabin’s auctions require state-of-the-art audio visual equipment, screens, a stage, a podium for the auctioneer as well as tables and chairs set-up for the bidders. 

To simultaneously run the live auction site and the Internet bidding, we utilize screens, computers, and PA systems to professionally deliver the auction proceeding to our bidders.  Additionally we need to set-up high-speed Internet connections and phone services to allow online customers to bid over the Internet or to call-in a bid. 

Our decades of experience and a proven track record of providing successful auction and liquidation services have allowed our clients to put their trust in us.  Please check out our website to learn more information about upcoming auctions.  If you wish to sell surplus items, please contact us and we will provide you with a free, confidential consultation. 

Rabin is an international company that specializes in creating liquidity for complex manufacturing facilities with idle or marginally productive assets.  Rabin’s operations include selling entire plants, multiple plant locations, or surplus individual items by auction or liquidation and much more. Past auctions include names such as Hostess, Braniff Airlines, Montgomery Ward, and the Railway Express Agency.  

Professional Auctions and Liquidation Sales at Rabin

As leading industrial liquidators and auctioneers, we have been offering both sellers and buyers with exceptional auction and liquidation services for over 60 years.  You will find we sell industry equipment and machinery that encompasses a wide range of industries. 

   

An example of one of our recent auctions included a Major Producer of Fresh and Frozen Bakery Products that was held in partnership with the Gordon Brothers Group and Capital Recovery Group.  The online bidding took place at bidspotter.com and the live auction site was at the Dobake Oakland Facility in Oakland, CA. 

The types of equipment included a complete cracker/biscuit production line with rebuilt sigma type tilt mixer, APV pre-sheeter, Sasib gauge rolls, BP 1 meter x 200' direct fired oven, Illapak right and left hand wrappers, Hayes cartoner and case packer.  The equipment and machinery is suited for quick serve restaurants, food service outlets, retailers, schools, warehouse club packs, convenience stores, and vending applications throughout the USA.

As for our liquidation services, we are currently listing high-quality construction equipment that is available for immediately sale.  The items are located at the Port of Mobile, Alabama.  Examples of the equipment include several 2006 Komatsu Haul trucks along with several Caterpillar Haul trucks.  Also the listing includes two Hitachi EX1800 Excavators that are located at Port of Jamaica. 

  

At Rabin we have sold equipment assets in every trade sector and on almost every continent.  For buyers we encourage you to take a look at our website to see all of our current liquidation items or to find out information regarding upcoming auctions.  If you need to sell surplus equipment, our services can help you to realize maximum value.  Please contact us for a free, confidential consultation. 

Rabin is an international company that specializes in creating liquidity for complex manufacturing facilities with idle or marginally productive assets.  Rabin’s operations include selling entire plants, multiple plant locations, or surplus individual items by auction or liquidation and much more. Past auctions include names such as Hostess, Braniff Airlines, Montgomery Ward, and the Railway Express Agency.  

The Steps that Go into Preparing a Rabin Auction

One of the reasons that Rabin auctions are so successful is that we carefully plan out everything right down to the very last details.  We start the process weeks, and in some cases, months before the auction even takes place to ensure it is well-organized and runs without a hitch.  Our sellers and buyers alike have come to expect nothing less of a Rabin auction.

 

To set up a factory for an auction, our experienced team goes through the facility and does a complete inventory of the equipment, which helps to determine the order of the sale. The next step is to clean the equipment and machinery and then arrange it so it can be optimally viewed during the auction.  We do our best to keep big pieces of equipment hooked up and ready to demonstrate operational abilities.

 

For smaller equipment, we gather it together and visually display it so buyers can see what they are bidding on.  Much smaller items are grouped together in lots and generally offer a good value.  From here the Rabin team catalogs the items recording all of the pertinent information including photographs and tagging each item with a number. 

For over 60 years, Rabin has taken a comprehensive and detailed approach to all of our auctions.  As leaders in the industry, we have sold equipment assets in every trade sector and on almost every continent.  We have the leverage to purchase complete factories, including real estate, and conduct auctions of any size on behalf of our clients. Please contact us if you are interested in selling or buying at one of our auctions. 

Rabin is an international company that specializes in creating liquidity for complex manufacturing facilities with idle or marginally productive assets.  Rabin’s operations include selling entire plants, multiple plant locations, or surplus individual items by auction or liquidation and much more. Past auctions include names such as Hostess, Braniff Airlines, Montgomery Ward, and the Railway Express Agency.  

An Environmentally Responsible Way to Recycle Equipment

It may not have occurred to you but auctions are an environmentally-friendly service.  They offer an efficient way to keep functioning machinery and equipment out of landfills, and instead, get it into the hands of companies who need it.  Large, well-established companies can get rid of their older equipment in a cost-effective manner by selling it to make room for new, up-dated pieces.  Smaller companies or start-ups benefit by having an opportunity to purchase equipment they could never afford to buy brand-new. 

At auction a new company may be able to buy a complete production line or purchase their first pieces of manufacturing equipment to get the business started.  Sometimes companies only use the equipment until they have the means to purchase new or newer used equipment.  This cycle of companies selling off their older equipment to purchase new or newer used equipment keeps it out of landfills while it is still operational.  Often a piece of machinery may be sold several times over before it has outlived its usefulness.

   

Even once a piece of machinery is no longer operational or becomes obsolete, auctions provide a method for selling unusable equipment for scrap metal.  The metal is extracted from the machinery and then sold to refineries to be recycled into new products or building materials, thus continuing the recycling process.

We invite you to visit the Rabin website and take a look at our current auction listings that are comprised of a wide range of industries.  Also be sure to check back frequently as we are always updating our inventory of equipment and machinery.  In addition if you have surplus equipment to sell, please contact us for a free confidential consultation.

Rabin is an international company that specializes in creating liquidity for complex manufacturing facilities with idle or marginally productive assets.  Rabin’s operations include selling entire plants, multiple plant locations, or surplus individual items by auction or liquidation and much more. Past auctions include names such as Hostess, Braniff Airlines, Montgomery Ward, and the Railway Express Agency.  

Great Deals on Equipment Can be Found at Auctions

If you are a business owner and want to expand operations or need better-quality equipment, you know it is not easy to come up with the type of capital required to buy brand-new.  This is why you should look into purchasing used equipment at auction or through liquidation sales.

   

Manufacturing equipment is different from high-tech devices such as computers as it is built to last and can easily run for decades.  Furthermore just because a company decides to sell used equipment does not necessarily mean it has outlived its usefulness.  It may be a case of downsizing or needing to make room for up-dated equipment.  In some cases, a company may be going out of business and must sell.  Whatever the reason, it presents a perfect opportunity for small businesses such as yours to come in and buy up equipment that would be out of reach if it was brand-new. 

Frequently used equipment is from large corporations that have the ability to invest the type of capital that is required to purchase brand new, state-of-the-art equipment.  Many times they routinely replace their equipment once newer models become available with improved capacities, faster output and new engineering designs.  This does not mean that the older equipment is past its prime; on the contrary, it should have plenty of life left to admirably perform many more years on your factory floor. 

   

We encourage you to let an auction company expertly assist you in the process.  At Rabin our auctions allow smaller or entrepreneurial companies just starting out to have the opportunity to purchase high-quality, working equipment for a fraction of the original purchase price.  We provide a superior buying and selling experience with the most accurate product descriptions, high-quality photos and unmatched customer service.  Ask our buyers—Rabin auctions are organized, professional and fun!

Rabin is an international company that specializes in creating liquidity for complex manufacturing facilities with idle or marginally productive assets.  Rabin’s operations include selling entire plants, multiple plant locations, or surplus individual items by auction or liquidation and much more. Past auctions include names such as Hostess, Braniff Airlines, Montgomery Ward, and the Railway Express Agency.  

RABIN 24/7 - Our All Online Auctions

As a multi-generational, family owned asset recovery, valuation, and sales company, we provide financial solutions for a wide range of clients.  One of the many services we offer is Rabin 24/7 Online Auctions that utilize the most up-to-the-date technology to bring customers a safe and efficient online auction site. 

Rabin 24/7™ is our proprietary, timed auction system in where all bidding is conducted online.  The extremely powerful system has the capability to automate the bidding process in real time.  However as one of the leading companies in the industry, we do not rely entirely on our state-of-the-art technology, irrespective of the efficiency of our system.  To ensure the trustworthiness of our auction site and to protect sellers and buyers, we employ a team of highly experienced professionals that oversee the process and keep it running smoothly.  We understand no technology in the world can take the place of excellent customer service and that hands-on attention is vital to maximizing client returns and providing the optimal bidding experience. 

During each and every auction, our expert staff monitors the system to make sure everything is on track.  We especially pay attention once lots are starting to close.  You will not have to worry if you make an accidental bid or miss-type an entry as we are ready to correct all errors.  At Rabin we react to each and every problem quickly and effectively.

Please see our website or contact one of our sales representatives if you are interested in participating in one of our auctions or wish to sell items.  Our unique combination of diversified experience and unparalleled professional expertise sets Rabin apart.

Rabin is an international company that specializes in creating liquidity for complex manufacturing facilities with idle or marginally productive assets.  Rabin’s operations include selling entire plants, multiple plant locations, or surplus individual items by auction or liquidation and much more. Past auctions include names such as Hostess, Braniff Airlines, Montgomery Ward, and the Railway Express Agency.  

Looking for Machinery and Equipment Financing?

At Rabin, we have specialized in offering our clients a wide range of exceptional services for over 60 years.   Along with our excellent reputation as an industrialauction and real estate investment company, we also offer businesses help with financing essential machinery and equipment. 

When your company decides to finance, it allows you to purchase new equipment to keep up with the demands of a growing business or to use the equity in equipment you already own to access working capital. Our machinery and equipment based financing programs offer businesses with a financial leverage but an inadequate cash flow the opportunity to move forward with an asset based secured term loan that provides the required liquidity.

To underwrite your business a loan, we take our years of experience and use that knowledge to place a value on your industrial assets and real estate that is based on our actual sales or sales from the marketplace.  We have the advantage of being able to accurately evaluate your assets so you will not require a third party to appraise the supporting assets to provide a fair value.  Our seasoned industrial equipment and machinery appraisers are more than qualified to do the job and have been together for over 25 years providing clients real world-obtainable value conclusions. 

Furthermore Rabin can offer financing secured by machinery and equipment in turnarounds and other situations that may not get approval at a more conservative commercial bank.  You will find many of the terms on our website but we encourage you to contact one of our financial representatives by filling out an online form to find out more about our machinery and equipment based financing programs. 

Rabin is an international company that specializes in creating liquidity for complex manufacturing facilities with idle or marginally productive assets.  Rabin’s operations include selling entire plants, multiple plant locations, or surplus individual items by auction or liquidation and much more. Past auctions include names such as Hostess, Braniff Airlines, Montgomery Ward, and the Railway Express Agency.  Please contact us to discover how we may assist with your asset liquidation process.

Industrial Real Estate Properties for Sale

At Rabin Worldwide we currently own and manage approximately 1,625,000+ square feet of industrial real estate throughout North America.  As a privately held firm with low debt, we have the capacity and flexibility to act quickly on projects of interest.  Our focus is on distribution markets that exhibit strong demand characteristics, possess high barriers to entry or other value-add opportunities.

Drawing on extensive experience, we target manufacturing plants and facilities that include equipment and processing lines, including surplus, new/unused, rebuilt, and used/second hand equipment.  We expertly handle all component of a sale from auctioning equipment and machinery to repositioning the real estate.

To give you an idea of the scope of our real estate business, we currently have a couple of listings for large industrial complexes.  The Capital Commerce Center (CCC) in Sacramento County, CA offers up to 1.3 million square feet of industrial space for sale or lease and is located on 129 acres.  The site features 24/7 security, abundant parking with space for 250 trailers, 50 loading docks and 25 grade doors.  The existing space includes dry warehouse/distribution, production/food preparation and freezer/cooler, and can be divided into smaller units for tenants requiring less square footage.

With an unparalleled infrastructure, the CCC can cater to the Food and Beverage industry as well as to manufacturers and distributers.  Attributes include a heavy un-metered water supply, heavy power supply and sewer capacity.  

Our other industrial listing at the moment is the Beech Bottom Plant in West Virginia and offers approximately 360,000 square feet of improved industrial property.  It includes approximately 90 acres of usable and relatively flat industrial land that is ready for development. In addition there is a potential for barge loading as the usable property is adjacent to the river.  There is also a wastewater treatment plant on-site that can be restarted. 

We invite you to take a more comprehensive look at these two properties listed on our website and check to see if we have anything new.  Furthermore please contact us if you have an industrial property to sell.    

Rabin Worldwide is an international company that specializes in creating liquidity for complex manufacturing facilities with idle or marginally productive assets.  Rabin’s operations include selling entire plants, multiple plant locations, or surplus individual items by auction or liquidation and much more. Past auctions include names such as Hostess, Braniff Airlines, Montgomery Ward, and the Railway Express Agency.  

Prepare Beforehand for a Professional Appraisal

If you are thinking about selling surplus machinery or equipment or need to determine the value for asset-based lending, or to provide a “selling tool”, you will want the services of a professional appraiser.  However before you contact an appraiser, there are some steps you can take to help improve the value of your equipment. 

One of the first things you need to do is to clean and if necessary paint the items to maximize the appraised value.  Additionally make sure items are fully functional and take care of any repairs.  The time to do all of this is before you bring in the appraiser.  

The next step is to put together a detailed list of the equipment and machinery to be appraised, include descriptions, photographs, general condition and any repair records if applicable.   Add to that all of the information regarding the purchase of the items such as receipts, owner’s manuals, warranty certificates, and serial numbers.

Now you are ready to look for an appraiser that has specific experience with your industry and is familiar with the type of equipment and machinery you need appraised.  The appraisal will base valuations on actual sales and take into consideration factors such as: the age, condition and maintenance of the items, market conditions and demands, geographic location, specialized design and/or modifications, technological obsolescence, and industry trends/economic fluctuations. 

At Rabin, our professional machinery and equipment appraisal team has been working together for more than 25 years and has extensive experience in nearly every facet of industrial equipment.  We offer clients appraisals that are exceptionally thorough and provide real-world obtainablevalue conclusions.

Rabin is an international company that specializes in creating liquidity for complex manufacturing facilities with idle or marginally productive assets.  Rabin’s operations include selling entire plants, multiple plant locations, or surplus individual items by auction or liquidation and much more. Past auctions include names such as Hostess, Braniff Airlines, Montgomery Ward,and the Railway Express Agency.  

Turnkey Investments

The term turnkey refers to something that is ready for immediate use and describes the sale of goods or services as well as the sale of properties that are finished and ready to move in to.  Thus the only thing an owner of a “turnkey property” needs to do is to simply put the key in and turn it. 

The term is also used in investment real estate for the sale of already established businesses.  In this type of sale, it typically includes all of the necessary equipment along with the experienced employees to continue to run the business.  Turnkey properties will vary from the level of involvement required from the new owners and many real estate turnkey investments need little or no maintenance other than to collect the monthly check.

Over the last several years turnkey properties have become increasingly more popular with investors and offer a unique opportunity for both the seller and buyer.  In many situations, an auction or liquidation sale is not in the best interest of the owner and doesn’t make sense from a financial perspective to liquidate a business that still has value. 

An example of an excellent turnkey investment opportunity is the marketing for sale of an existing facility which is not only running smoothly but is also doing well financially.  It may be the business just needs an influx of new capital and/or a managerial direction.  Nonetheless the business will generally realize a higher value if sold as a turnkey.

At Rabin we offer turnkey sales throughout North America and actively market and sell companies in their entirety, including equipment, inventory, intellectual property, customers, and often the attached real estate.  We have the ability to navigate through all the aspects of a complex sales process to give clients a compelling one-stop-shop value proposition.  With a unique combination of financial strength, diversified experience and unparalleled professional expertise, we have the experience and flexibility to take on a deal of any size and of any complexity.

Rabin is an international company that specializes in creating liquidity for complex manufacturing facilities with idle or marginally productive assets.  Rabin’s operations include selling entire plants, multiple plant locations, or surplus individual items by auction or liquidation and much more. Past auctions include names such as Hostess, Braniff Airlines, Montgomery Ward, and the Railway Express Agency.  

The Art of Appraising Real Estate

At Rabin, we are a family-held industrial auction and real estate investment company with a focus on the acquisition and sale of industrial equipment and facilities around the world.  We acquire, re-develop and operate industrial assets in North America, and are experts in the appraisal of real estate as well as equipment and machinery assets. 

In order to list real estate to sell, finance, and obtain property insurance or to do an investment analysis, a professional appraisal is done to determine the value.  So what steps are used to appraise property?  Accurate commercial and industrial property appraisals are based on many concepts and require a more thorough process than is typically done on most residential property.  The following is but a few of the particulars that are taken into account in a commercial or industrial appraisal.

 

A seasoned appraiser must consider the highest and best use of the property, long-term industry trends and fluctuations, and market competition.  Also research needs to be done to learn if there are any legal restrictions pertaining to the property such as zoning ordinances and eminent domain, easements or encroachments.  Along the same lines an appraisal must determine if there are any environmental factors connected to the industrial use that may impact the value down the road. 

In addition more traditional factors are compiled such as comparable sales, replacement costs, location of the property and proximity to infrastructure such as railroads or highways. An appraisal will also factor in the value of the property based on the income it produces such as in rental properties and apartment buildings. 

Rabin currently owns and manages 1,625,000+ square feet of industrial real estate in North America.  The Rabin Management Company (RMC), a private real estate investment and asset management company based in San Francisco, California, currently owns and manages 1,000,000+ square feet of office, industrial, multifamily and retail commercial real estate in the Sacramento, San Francisco Bay area, and Michigan.

Rabin is an international company that specializes in creating liquidity for complex manufacturing facilities with idle or marginally productive assets.  Rabin’s operations include selling entire plants, multiple plant locations, or surplus individual items by auction or liquidation and much more. Past auctions include names such as Hostess, Braniff Airlines, Montgomery Ward, and the Railway Express Agency.  Please contact us to discover how we may assist with your asset liquidation process.

How Does Depreciation Affect Your Equipment’s Value?

For accounting purposes, depreciation is defined as a decrease in the value of an asset as a result of wear and tear, age, or obsolescence.  Thus most assets lose value or depreciate over the course of their lifetime and need to be replaced once they reach the end of their lifecycle.  However when machinery and equipment assets are appraised, depreciation is handled in a slightly different manner. 

The NEBB Institute, who among other things certifies professionals in the art of machinery/equipmentappraisals, explains that depreciation has a different meaning to machinery and equipment appraisers.  They add that, “To appraisers, depreciation is the estimated decrease in value of an asset from its initial purchase price.  The estimated decrease is based on a number of criteria, such as physical, functional, and/or economic factors.”  In other words it may not matter what the actual age is of a piece of equipment, but rather if it is operational and still used in the industry.  Finally the most important fact that impacts the value of the asset is, “How strong is the market demand”?

By having a professional appraisal done before you try to market your surplus equipment, will help to ensure you get the maximum value for your assets.  Additionally there are some circumstances where it is not only a good idea but may be required for insurance purposes, mergers and acquisitions and in orderly or forced liquidations. 

Another reason that certified appraisals make sense is they are more readily accepted by financial institutions and corporations as well as the IRS and the courts.   Keep in mind that appraisals are defined by factors such as replacement cost for new or used equipment or machinery, fair market value, geographic location and specialized design and/or modification.  Other considerations that impact value are technological obsolescence and industry trends as well as economic fluctuations. 

 Sources: nebbinstitute.wordpress.com/

Rabin Worldwide is an international company that specializes in creating liquidity for complex manufacturing facilities with idle or marginally productive assets.  Rabin’s operations include selling entire plants, multiple plant locations, or surplus individual items by auction or liquidation and much more. Past auctions include names such as Hostess, Braniff Airlines, Montgomery Ward, and the Railway Express Agency.  Please contact us to discover how we may assist with your asset liquidation process.