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.  

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.

When a Business Closes, Steps to Liquidating the Assets

Once the decision is reached to close a business, there are some steps to take as an owner of the company.  Even if the decision to close is voluntary and not a forced liquidation, you will most likely want to sell off the company’s assets.  It is recommended that before you do anything, have a plan in place and consult with your tax advisor and attorney.  Also keep in mind; in many cases you will need the consent of your creditors before you proceed.

One of the first things you can do to get started is to make a list of all the property the business owns along with the equipment and machinery, office furniture, technical devices, and vehicles.  While doing so, take photos, note the condition of the asset, age, maintenance history and repairs, and warranty information.  Any of your assets that are worn out or obsolete should be donated and used as a tax deduction or recycled if possible.  On leased equipment, inquire as to the amount still owned and consider buying it outright if you know it can be sold for a higher amount. 

Add to your list any intangibles assets you may have that are of value such as trademarks or patents.  Also your competitors may be interested in any favorable contracts you have with suppliers as well as your list of customers and business contacts.     

At this point, a company that specializes in asset recovery and disposition services can be beneficial as you may not have the time or the expertise to efficiently handle this part of the process.  Look for a company that has a proven track record.  They will be able to provide you with professional appraisals of your assets, and if you wish, also assist with the actual liquidation process.  Furthermore talking to professionals can help you to determine what type of sale makes the most sense for your business.  

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.