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
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Certified Machinery and Equipment Appraisers: Present Value

Present Value has performed an extensive number of machinery and equipment appraisals worldwide. A certified machinery and equipment appraisal is compliant with USPAP standards and the standards of the National Equipment & Business Builders Institute.

Whether you need to know the fair market value, orderly liquidation value, and/or forced liquidation value of your equipment, the professionals at Present Value can provide you with a certified equipment appraisal report in a timely manner at a competitive cost. Our certified equipment appraisals will meet the requirements of financial institutions, government agencies, buyers and sellers, shareholders, and partners. Our experience and expertise extends across all machinery, equipment, and technical specialties. Below are examples of some of the industries in which we specialize:

• Health Care and Medical Industry – Examples of equipment appraised: MRI Imaging Systems, CT Scans, Ultrasound Equipment, Dental Offices, Nursing Homes, Hospital Equipment, Cardiovascular, Ophthalmology, Nuclear Imaging, Orthopedics, Surgical Centers, EP Systems, Physical Therapy Clinics, X-Ray Machines, Advanced PET Systems, PACS Systems, and more.

• Manufacturing Industry – Examples of equipment appraised: Plastics Manufacturing, Machine Shops, Woodworking Equipment, Agriculture Equipment, Routers, Sanders, CNC Equipment, Lathes, Conveyers, Air Compressors, Industrial Tanks, Brake Presses, Extruders, Saws, Planners, Vacuum Pumps, Drill Presses, Benders, Die Cutters, Saws, Molds, Tooling, Cutters, and more.

• Heavy Equipment and Construction Industry – Examples of equipment appraised: All Yellow Iron, Excavators, Compressors, Stackers, Aerial Lifts, Crushers, Spreaders, Backhoes, Cranes, Dozers, Rigging Equipment, Skid Loaders, Shop Equipment, Oil Field Equipment, Asphalt Plants, Washing Equipment, Incinerators, Drilling Equipment, Generators, Railroad Equipment, Tractors, Trucks, Trailers, Environmental and Recycling Equipment, Sweepers, Soil Stabilization Equipment, Aggregate Equipment, and more.

By: Present Value

Additional reading:

Certified Machinery and Equipment Appraisal

Businesses Appraised by CMEAs

Tags: certified machinery and equipment appraisal, Certified Machinery and Equipment Appraisers, CMEA, fair market value, forced liquidation value, Health care and medical industry, Heavy Equipment and Construction Industry, Manufacturing industry, National Equipment & Business Builders Institute, Orderly liquidation value, USPAP
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