BUSINESS AUCTION AND AUCTION LIQUIDATORS
Dating back to 500 BC, auctions have been relied upon to establish fair market value. Business auctions today continue to do so.
While liquidation offers a fast guarantee, a business auction is also very fast and can yield higher returns.
WE UNDERSTAND THE SUCCESS OF A BUSINESS AUCTION IS DETERMINED WELL BEFORE THE BIDDING STARTS AND NO TWO BUSINESS AUCTIONS ARE THE SAME
Business Auctions do present some risk but those risks are effectively managed and minimized by an individualized and unique marketing plan.
Advertising, both general (newspaper) and bulk (mailing lists) can be important in raising awareness of business auctions, but many other factors ultimately will play a larger role in the success of the business auction.
DETERMINE THE SUCCESS OF A BUSINESS AUCTION:
- Direct Marketing: targets product-specific buyers of all sizes
- Presentation: location, aesthetics, blocking, positioning of auctioned assets
- Lotting: offering product in sizes for all buyers
- Options: pits small and large buyers against each other
- Accurate descriptions/valuation
- Clear bid calling
You must have at least 2 interested buyers for a product to reach a fair market value. The losing bidder is just as important as the winning bidder.
Business Liquidation Auctions are a very powerful asset recovery tool but are not appropriate for all asset types and often a mixed approach is necessary.
Please review our customized model to see how several different techniques; liquidation, managed sale, internet sales and an auction can be used together to maximize your assets potential.
We ask you for the opportunity to meet with us so that we can discuss an individualized model for your assets and specific needs/goals for your business auction needs.
We graduated from the “Mendenhall School of Auctioneering,” top of our class. It is considered one of, if not the, premier auctioning school in the country.”
PLEASE CONTACT US ON HOW WE CAN BEST CONVERT YOUR ASSETS INTO CASH.
Ideal Trading Corp is a liquidation company in NJ that offers services for businesses looking to convert their assets to cash. Our auctioneer and related services include business auctions, business liquidation auctions, equipment liquidation auctions and business inventory liquidation in New Jersey.