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

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

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.  

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.  

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.  

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.

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.  

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.

Rabin Holds Auctions for a Variety of Industries

As specialists in the industrial marketplace, we have developed relationships that bring together an international network of buyers for industrial machinery and equipment.  As such, our auctions encompass almost every industry and we typically have several auctions in one stage or another that we are servicing that span a range of industries. 

To facilitate finding the machinery and equipment your company is looking for, Rabin organizes our website so you can easily find a particular auction of interest and view upcoming ones.  Also you can search by an industry division such as Agriculture, Beverage-Bottling, Construction and Mining, Food Processing, and Metalworking among others.

Areas we offer our expertise include:

Chemical Processing	Woodworking	Pharmaceutical	Trucking & Distr.
Food Processing	Plastics & Recycling	Snack Food	Mining
Agriculture	Metalworking	Construction	Packaging
Audio & Video	Bakery	Printed Circuit	Dairy
Building Equipment	Beverage	Heavy Equipment	Confectionery
Printing & Graphics	Real Estate

An example of a Rabin upcoming auction is in our Metalworking division for the Enormous Aluminum Smelting Facility (formerly the Ormet Corporation) in Hannibal, Ohio.  This auction will be held on site as well as simultaneously online and is scheduled for November 4, 5, 6, & 7, 2014.   Interested buyers do need to register and we encourage you to read all of the payment instructions and requirements beforehand.  Registration can be done online or in person at the auction site.  You will be asked for a form of deposit and need to have a credit card.  Once that is done, you are given a bidder number.

Another auction is from our Food Processing division and is an online auction taking place November, 2014.  Items for auction are food processing and packaging machinery that is surplus equipment from the HJ Heinz GmbH, in Seesen, Germany.

As you can see, we have a diverse, international business and we encourage you to check Rabin’s site for new and upcoming auctions.  If you have questions regarding an auction, please contact us. 

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 you with liquidation or auctions services.  

Different Types of Auctions

At Rabin Worldwide, we use an English auction style but there are numerous types of auctions.  The English auction is also called an ascending-bid auction and has an auctioneer, an audience of bidders, and a bidding process that moves quickly.  It is probably the most widely known format.

Today English auctions have easily moved into the electronic age and are carried out in real time with bidders physically present on-site or electronically connected through the Internet or by phone.  The auctioneer opens the bidding up at a low price and the competition among bidders is what drives the price higher.  Bidders shout-out prices or raise their bid paddles, and online bidders submit their bids electronically.  The price of the item continues to go up until all of the bidders but one drop out.  By default, the highest bid wins the item.

Less commonly used is the descending-bid auction or what is known as a Dutch auction.  It works in a similar fashion as the English auction in that it is interactive but prices start high and drop until bidders are willing to accept a price that meets the seller’s reserve price.  The strategy behind this method is that bidders have to be aware of the competition they face and act quickly to secure items.  The term Dutch auction comes from the fact that flowers in the Netherlands are sold using this process.   

Another kind of auction is the first-price sealed-bid auction or blind auction.  This is where all bidders simultaneous submit one sealed bid to the seller.  The sealed bids are opened all at once and the winner of the auction is the highest bidder.  Businesses and the government use this method to procure services and to award contracts to the lowest bidder.

Second-price sealed-bid auctions are also called Vickrey auctions.   These auctions are done in the same method as sealed first-price auctions but differ in the fact that the winning bidder does not pay his bid amount but rather that of the second highest bid.  This system encourages buyers to bid high since they know they will not pay their bid price and is similar to the bidding process used on eBay.  Wikipedia states that, “Vickrey auctions are also commonly employed in digital advertising, powering real-time exchange environments for display advertising, search engine marketing, and Facebook advertising.”

Sources:

cs.cornell.edu/home/kleinber/networks-book/networks-book-ch09.pdf

en.wikipedia.org/wiki/Auction#Types

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.

What is the Best Type of Sale for Liquidating Assets?

If you are in the process of closing a business or need to sell surplus equipment or machinery, you may want to know what is the best way to sell assets in order to get maximize value.  The answer depends a lot on your particular circumstances but generally there are several options available and sometimes a combination of methods may be used.  Often a decision is based on the amount of time a company has in which to obtain the funds.  Two commonly used methods are liquidation sales and auction sales.

In situations where speed is not a requirement and a sale can be held over a longer period of time such as weeks, months and sometimes even years, liquidation sales are effective.  Without the need to rush, assets can often be sold for a higher amount.  The process can provide both the buyers and sellers a chance to negotiate on the price.  

An auction sale is done over a much quicker timeframe.  Typically an auction can be completed in about 90 days.  Commercial and industrial auctioneers have integrated the convenience and technology available on the Internet to allow auctions to be open to bidders from around the world.  Many traditional auction companies offer their customers simultaneous in-person and online bidding opportunities.  While auctions sales may not get as high of a price for assets as liquidation sales, they do have the advantage of getting capital into the hands of a business much quicker.

Before you proceed on your own, you may want to consider using the services of a professional asset recovery and disposition firm.  Enlisting the assistance of experts can be invaluable in your efforts to obtain maximum value for your assets.  They can help you to decide on the best course of action for your business and fully explain the process.  Be sure to use a reputable firm and chose one that has experience with your industry.

 

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.