Freeing Up Much-Needed Cash

When we’ve discussed online auctions in the past, we’ve typically talked about them as a simple way to sell machinery or equipment when a business fails. But what if your business isn’t failing? Maybe you’ve experienced a bit of a slowdown – and if you have you’re not alone – but are still holding strong. The local news station in Terra Haute, Indiana, described this type of situation yesterday in their article, “Terra Haute Airport Gains from Online Auction.” 

The airport had several planes that it used for flight instruction, but noticed that enrollment was dwindling. Rather than let these unused planes sit on the ground gathering dust, the airport decided to engage in an online auction to sell the planes, free up some cash, pay down debt, and help the airport thrive. Four planes have been sold so far, and not only has the airport been able to pay down debt, it’s saved thousands in insurance and maintenance costs. Seems like a smart move. 

If this is a move your business may consider, contact Present Value. Our certified machinery and equipment appraisers will appraise your company’s assets and facilitate the auction process by acting as liaison between you and one of the two auction houses with which we partner. Give us a call, and we’d be happy to help you explore your options.

By: Present Value

Additional reading:

Machinery and Equipment Auctions

Equipment Auctions

Tags: equipment appraisal, equipment appraiser, machinery appraisal, machinery appraiser, Online auction

This entry was posted on Tuesday, July 27th, 2010 at 9:38 am and is filed under Certified Machinery and Equipment Appraisers. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.