Upcoming Auction for a Bread Baking Facility

 

In business for over 60 years, Rabin is a family-held industrial auction and real estate investment company that focuses on the acquisition and sale of industrial equipment and facilities around the world.  We are pleased to announce an upcoming auction for a Bread Baking Facility that was formerly known as the Specialty Bakery Company. 

This auction is ONLINE ONLY and will be held through bidspotter.com.  The inspection site is at 1365 North 10th Street, San Jose, CA and starts on February 2^nd -3^rd, 2015 from 9 a.m. to 4 p.m.   The online auction opens February 2^nd and closes February 4th.   

The auction categories include the Mixing Department, which has items such as APV 1,110 lb. S/S roller bar mixer, High production ice makers, Flour sifting and transfer.  The Bread Line includes auction equipment and machinery such as: Werner & Pfleiderer 4-pocket divider, Benier rounder, Benier 900-pocket intermediate proofer, and SuperGrain sheeter/moulder.

The Baking Department offers items such as: Reed 5-door pass through proof box, (3) Revent double-double rack ovens, (3) Adamatic double-double rack ovens, and Rainier rotary tray oven.  The Bag Line includes the following items: UBE band slicer, Formost bagger, and (2) Kwik-Lok bag closers.  Finally the Plant Support items include: Walk in/Drive in coolers and freezers, Yale LPG forklift, Elliot Magnetek 250 KW gen. set, Boiler and Spare parts.

Please see our website for the complete details on the Bread Baking Facility auction and the information on how to sign up to bid.  While you are there, take a look at our other upcoming auctions and be sure to check back frequently for new listings.  Contact us if you need further information regarding any of Rabin’s services. 

Rabin assists companies with creating liquidity through innovative solutions. We specialize in complex manufacturing facilities with idle or marginally productive assets. Rabin’s operations include selling surplus individual items, entire plants, or multiple plant locations by auction or liquidation and much more.

Auction for a Complete Pasta Manufacturing Facility

 

Among several upcoming auctions for Rabin is the complete Production Facility of Fresh & Filled Pasta, which was formerly the Pasta Reale UK.  The auction takes place Live and Online from January 28-29^th.   Day 1 of the auction is on Wednesday, Jan 28th and starts at 11:00 a.m. (On Site and Online).  The location is at the Premier Inn Gatwick Airport Manor Royal Hotel, Fleming Way, Business Quarter, Crawley, U.K.  At this time, lots 1-399 will be auctioned off.   

Day 2 of the auction opens on Monday, Jan 19th & closes Thursday, Jan 29^th.  This portion of the auction is ONLINE ONLY and, at this time lots 400 – 681 will be auctioned off.  The online bidding is done through bidspotter.co.uk.  The auction preview starts on Jan 27th from 9 a.m. - 4 p.m., or may be done by setting up an earlier appointment.

The complete Production Facility of Fresh & Filled Pasta offerings include exceptional late model pasta equipment for small, medium and large producers.   There is more than a 60,000 square foot production floor with (10) complete production & packaging lines.  Included in auction items are numerous new installations as late as 2013 such as:  Agnelli filled pasta lines with auto mix and shuttle delivery; Italplast pasta extrusion lines for small unfilled products; and MBP 14 & 16 head all stainless multihead weigher platforms. 

Inventory also includes items from: Versatile Packaging Machines for All Food Producers and General Plant & Support Equipment.  A few examples are:  Complete preparation & cooking department with Hobart meat mincers, mixers, kettles & product washers and Daiken skid mounted glycol chiller system (new in 2014).

Please see our website for the complete list of items for auction and instructions on how to sign up to bid.  Be sure to take a look at other upcoming auctions.  Contact us if have further questions. 

Rabin has been assisting companies with creating liquidity through innovative solutions for over 60 years. We specialize in complex manufacturing facilities with idle or marginally productive assets. Contact us for more information regarding our professional auction liquidation services.

Liquid Foods Manufacturing & Packaging Plant Auction



Now that the New Year is here, Rabin has several large auctions on our calendar.  First up in January is the auction for an entire Liquid Foods Manufacturing & Packaging Plant that was formerly known as Royal Food Products.  It will be held on January 21, 2015 starting at 10 a.m. and is both on onsite and online auction.  The preview will take place on January 20th from 9 a.m. – 4 p.m. or you may make an appointment to view items earlier. 

The auction will take place at the Homewood Suites in downtown Indianapolis at 211 S. Meridian Street.  In addition to the equipment and machinery, there is 8.31 acres of real estate available that contain 66,000 square foot of industrial space on 2 of the 6 parcels (not all contiguous).  Two of the acres are zoned for residential use.  The property is at 2322 East Minnesota Street, Indianapolis, Indiana.

The Liquid Foods Manufacturing & Packaging Plant had produced a full range of sauces, dressings, snack dips, energy drinks, and specialty dairy foods and the Rabin website only has a partial listing of the extensive auction items.  The auction will be held in conjunction with BidSpotter, where you will find the complete inventory of items for sale. 

Equipment and machinery for this large auction include categories such as: Dairy Based Process Department; Snack Dip Make-up & Packaging Lines; Drink & Energy Booster Packaging Line (2oz. to 64 oz. P.E.T. bottles); Salad Dressing Make-up Department; Dressing & Sauce Packaging Line to 128 oz.; and Bulk Storage Tanks & Support.  An example of items from the Snack Dip Make-up & Packaging Lines is the complete snack dip make-up deck with cookers, kettles and holding tanks; World Cup rotary cup filling lines for 1.5 oz. single servings to 60 oz. containers. 

 

While the auctioneer does not recommend nor endorse any rigger, rigging company, moving and/or shipping services, Rabin does have several companies posted for information purposes only.  Please see our website for complete details on this auction as well as our other upcoming auctions.  Contact us if you need further information. 

Rabin is an international company that specializes in creating liquidity for complex manufacturing facilities with idle or marginally productive assets.  Our 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 learn more about our services. 

Rabin’s Fascinating History in the Industry

Rabin is one of the few liquidation companies that can provide all of the resources you need whether it is a professional appraisal, to sell surplus equipment and machinery, or liquidate an entire business. As an international family-held industrial auction and real estate investment company in business for over 60 years, we have the size and financial ability to take on deals of any magnitude and of any complexity.  It is a fascinating story of how Rabin developed into one of the top auction and liquidation companies in the world.  

Shortly after serving in WWII and the Korean War, the Rabin brothers started a small business in the early 50’s selling war surplus through liquidations in their hometown of San Francisco.  By the end of the decade, Henry Rabin started his own business with a focus on liquidations. 

The 60’s presented an opportunity for the business to grow by holding several big auctions for companies in the mining business.  The Natomas Company was famous for extracting more than $100,000,000 of gold by hydraulic mining and the Golden Cycle Mining Company.  

The following decade brought the Rabin brothers back together to form Rabin Brothers Auctioneers in 1972.  One of the big accomplishments in 1975 was selling the Railway Express and their over 200 depots that required Rabin to stage and assemble 26 auctions in different locations across the U.S.  The 70’s also established Rabin as renowned experts in food service auctions with the Rheingold & Schaefer Brewing Companies auction.

By 1987, Rabin’s had its first airline auction with Braniff Airways and introduced the industry to theater-style auctions.  For the first time, buyers could view and bid on items while comfortably seated in a theater-like setting (in this case, out of the blazing sun). Shortly thereafter, all auction companies adopted this method.

In 1995, Rabin expanded operations internationally by opening an office in the United Kingdom.  Further expansion in 2003 included the Asia-Pacific with liquidation and auction of the Kraft chewing gum factory in China followed a few years later by an auction in the Middle East of the Tnuva Dairies, Israel’s largest food maker.  Please see our full history and timeline at the Rabin website. 

Rabin is an international company that specializes in creating liquidity for complex manufacturing facilities with idle or marginally productive assets.  Our operations include selling entire plants, multiple plant locations, or surplus individual items by auction or liquidation and much more. Please contact us to discover how we can help you with our professional asset liquidation process.

Solutions Beneficial to Our Clients and the Community

At Rabin we specialize in finding solutions that not only work for the seller; but we also try to find the best solution for the buyer as well as the community where the business resides.  Such was the case with the Catalyst Paper Mill in Snowflake, Arizona that closed in August 2012.  Since the company did not want the facility to be used as a paper mill in the future, all of the equipment would need to be liquidated. 

Our job was further complicated by a landfill with environmental liabilities and 45 miles of railroad track that had contributed to the economic growth of the community impacted by the closing of the paper mill.  To provide solutions for all concerns, Rabin purchased the property that contained the paper mill, the equipment, machinery and vehicles, the 19,000 acres of grazing land, the landfill and the industrial acreage. 

We sold a portion of the land and the landfill to an adjacent neighbor as well as held a successfully auction for the equipment, vehicles, and machinery.  In addition, we worked with the town and the railroad to come to terms on an agreement that would continue to provide the town of Snowflake services for low-cost transportation of freight.  The final piece of the project was to work with the local water district to discover ways to maximize the 19,000 acres of land.   

This is one example of the Rabin difference.  By building on our decades of experience in equipment auctions and appraisals, we can specifically target manufacturing plants and facilities as well as the equipment and processing lines, and any surplus, new/unused, rebuilt, and used/second hand equipment.  Our comprehensive services include auctioning the equipment as well as repositioning the real estate.

Rabin is an international company that specializes in creating liquidity for complex manufacturing facilities with idle or marginally productive assets.  Our operations include selling entire plants, multiple plant locations, or surplus individual items by auction or liquidation and much more. Rabin Worldwide is headquartered in San Francisco with a European subsidiary office in Manchester, United Kingdom.

Is Your Business Closing? Helpful Tips for Liquidating

If you wish to close your business and have been unable to find a buyer, liquidating assets can offer a valuable solution.  Although before you do anything, you need to take the time to set up a plan, which should include consulting with your attorney and tax advisor.  Also, remember that if you are liquidating assets to satisfy creditors you may need to obtain their consent to do so. 

To get started, make a list of all the company’s assets such as equipment and machinery, office furniture, technical devices, vehicles and property that the business owns.  Include your inventory and intangible assets like business licenses, permits, patents, or trademarks as well as your customer list and business contacts. 

Make a note the condition of the asset, the age, maintenance history and repairs, and any warranty information along with taking photos.  Evaluate the condition of an item, and if anything is worn out or obsolete, it can be donated and used as a tax deduction or recycled.  If you have leased equipment, find out how much you still owe and whether it makes sense to buy it if you think you could sell it for more money than you owe. 

To establish the liquidation value of your assets, it is a smart idea to work with a qualified appraiser.  You are going to want a written liquidation value appraisal before you consider any purchase offers.  By using the services of an a company that specializes in asset recovery and disposition, they can assist with the sale as well as help to determine the best type of sale for your situation whether it is through an auction or liquidation.

Once you start to liquidate these assets, remember to keep good records of the marketing process, purchaser, and the amount of money you received.  You will need all of this information for your tax returns.

Rabin Worldwide 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.  Please contact us to discover how we can help you with our professional asset liquidation process.

Asset Valuation Process - Definition of Terminology

At Rabin, our professional machinery and equipment appraisal team has worked together for over 25 years and have extensive experience in nearly every facet of industrial equipment.  Their collective expertise has allowed them to complete hundreds of reports over the years that provide our clients with real-world obtainable value conclusions.  The following is our final blog discussing terminology used in the asset valuation process. 

Our definitions are from the American Society of Appraisers who define the following as a starting point based on standard appraisal theory.  ASA’s states the definitions may be expanded or refined as the purpose and function of an appraisal dictate, as long as the fundamental concepts are not altered. (Other than laws by a country, state, region, or regulatory agency that may take precedent)  

·         Salvage Value - An opinion of the amount, expressed in terms of money that may be expected for the whole property or a component of the whole property that is retired from service for possible use elsewhere, as of a specific date.

·         Scrap Value - An opinion of the amount, expressed in terms of money that could be realized for the property if it were sold for its material content, not for a productive use, as of a specific date.

·         Insurance Replacement Cost – An opinion of the amount of the replacement cost new as defined in the insurance policy less the replacement cost new of the items specifically excluded in the policy, if any, as of a specific date.

·         Insurance Value Depreciated – An opinion of the insurance replacement cost new less accrued depreciation considered for insurance purposes as defined in the insurance policy or other agreements, as of a specific date.

To discuss your machinery and equipment appraisal needs, please see our website for contact information.  We are more than happy to answer any questions you may have regarding your equipment appraisal situation.

In business for over 60 years, Rabin 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.  Rabin Worldwide is headquartered in San Francisco with a European subsidiary office in Manchester, United Kingdom.

Source:

Machinery & Technical Specialties Committee of the American Society of Appraisers, July 25, 2010

http://www.appraisers.org/Disciplines/Machinery-Technical-Specialties/mts-appraiser-resources/DefinitionsOfValue

More Terms Used in the Appraisal Process

At the Rabin Company we are a family-held industrial auction and real estate investment company that has a focus on the acquisition and sale of industrial equipment and facilities around the world.  This is our second installation of blogs dealing with terminology used by the industry for determining valuation in an asset-based lending or disposition process.

The American Society of Appraisers defines the following terms based on standard appraisal theory: 

·         Fair Market Value in Continued Use with Assumed Earnings - An opinion, expressed in terms of money, at which the property would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or to sell and both having reasonable knowledge of relevant facts, as of a specific date and assuming that the business earnings support the value reported, without verification.

·         Fair Market Value in Continued Use with Earnings Analysis - An opinion, expressed in terms of money, at which the property would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or to sell and both having reasonable knowledge of relevant facts, as of a specific date and supported by the earnings of the business.

·         Fair Market Value (Installed) - An opinion, expressed in terms of money, at which the property would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or to sell and both having reasonable knowledge of relevant facts, considering market conditions for the asset being valued, independent of earnings generated by the business in which the property is or will be installed, as of a specific date.

·         Fair Market Value (Removed) - An opinion, expressed in terms of money, at which the property would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or to sell and both having reasonable knowledge of relevant facts, considering removal of the property to another location, as of a specific date.

Our professional asset appraisal services provide an essential starting point for any asset-based lending or disposition process.   At Rabin we base valuations on our actual sales as well as sales values in the marketplace, and we consistently deliver asset values to banks and corporations that they know they can rely on.  

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. Our seasoned appraisers have completed hundreds of reports, providing our clients with real-world obtainable value conclusions.  Please contact us to learn more about our comprehensive services. 

Source:

Machinery & Technical Specialties Committee of the American Society of Appraisers, July 25, 2010

http://www.appraisers.org/Disciplines/Machinery-Technical-Specialties/mts-appraiser-resources/DefinitionsOfValue

Definition of Terms Used in the Asset Valuation Process

For more than 60 years, Rabin has been 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.  This is the first of a blog series that defines common terminology used by the industry. 

Our information comes from the American Society of Appraisers.  ASA states that the following definitions are the starting point for terms that are based in standard appraisal theory.  Furthermore while they “provide the fundamental value concepts; they are not the only acceptable definitions, since contracts or jurisdictions may dictate somewhat different philosophies.”  The ASA definitions are as followed:

·         Fair Market Value - An opinion expressed in terms of money, at which the property would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or to sell and both having reasonable knowledge of relevant facts, as of a specific date.

·         Reproduction Cost New - The cost of reproducing a new replica of a property on the basis of current prices with the same or closely similar materials, as of a specific date.

·         Replacement Cost New - The current cost of a similar new property having the nearest equivalent utility as the property being appraised, as of a specific date.

·         Orderly Liquidation - An opinion of the gross amount, expressed in terms of money, that typically could be realized from a liquidation sale, given a reasonable period of time to find a purchaser (or purchasers), with the seller being compelled to sell on an as-is, where-is basis, as of a specific date.

·         Forced Liquidation Value - An opinion of the gross amount, expressed in terms of money, that typically could be realized from a properly advertised and conducted public auction, with the seller being compelled to sell with a sense of immediacy on an as-is, where-is basis, as of a specific date.

As leading industrial and commercial liquidators, Rabin has sold equipment assets in every trade sector and on almost every continent.  Our professional asset appraisal services provide an essential starting point for any asset-based lending or disposition process.   

At Rabin, our professional machinery and equipment appraisal team has been working together for more than 25 years—gaining extensive experience in nearly every facet of industrial equipment.  Our seasoned appraisers have completed hundreds of reports, providing our clients with real-world obtainable value conclusions.  Please contact us to learn more about our comprehensive services. 

Source:

Machinery & Technical Specialties Committee of the American Society of Appraisers, July 25, 2010

http://www.appraisers.org/Disciplines/Machinery-Technical-Specialties/mts-appraiser-resources/DefinitionsOfValue

Using Your Equipment and Machinery Assets as Collateral

Collateral is the property or other assets that a borrower offers to a lender to secure a loan, and will be forfeited and typically sold in the event of a default.  Very often businesses use assets such as equipment, machinery, buildings or inventory as collateral to reassure lenders that they have another source of repayment if the need should arise.  

When financing new business assets, they are in most cases automatically considered collateral until such a time that the loan is paid in full.  If the amount of equity you put toward the purchase of the new assets is considered insufficient, other assets may be required as collateral toward the debt. 

According to the U.S. Small Business Association, “Certified appraisals are required for loans greater than $250,000 secured by commercial real estate. The SBA may require professional appraisals of business and personal assets, plus any necessary survey and/or feasibility study.”  They further state that when real estate is being used as collateral, banks and other regulated lenders are required by law to obtain third-party valuation on transactions of $50,000 or more.

For any SBA loan, all owners are required to make a personal guaranty that consists of 20% or more of the business along with any other individuals who hold key management positions. They state that, “Whether a guaranty will be secured by personal assets or not is based on the value of the assets already pledged and the value of the assets personally owned compared to the amount borrowed.”

This is where the services of a company such as Rabin are invaluable by offering accurate third-party valuations to a business.  Our asset appraisal services provide an essential starting point for any asset-based lending or disposition process.  For over 60 years, we have expertly assisted companies with obtaining working capital by valuing assets promised as collateral to asset-based lenders and investors. 

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. 

Source:

Small Business Association https://www.sba.gov/content/collateral