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
Posted in Certified Machinery and Equipment Appraisers | No Comments »

Did Someone Call the Health Inspector?

Yesterday, an article appeared in The San Diego Union Tribune titled “County Issues Alert on Health Inspector Scam” about a scam happening in San Diego, the home city of Present Value’s west coast offices. Apparently, a phony health inspector has been calling area restaurants and, claiming that there are new procedures for arranging a health inspection, obtains personal information from the business owner. The scammer then uses that information to set up fake accounts on online auction sites. The health department wants to remind restaurant owners that health inspections are always unscheduled, and they will never provide restaurants with advance notice of their visits. 

But the scam could have a ripple effect, because what happens to the people who participate in an auction conducted by a fake seller? It’s so important that buyers who choose to make purchases through auctions make sure they know that they’re working with a reputable auction house and a legitimate seller.

For several years, Present Value has been involved in the auction industry. The company can help a seller by performing an inventory inspection, conducting a machinery or equipment appraisal, and putting the seller in touch with a reputable auction house, which protects both the seller and potential buyers.     

By: Present Value

Additional reading:

Inventory Control Services

The Importance of an Unbiased Third-Party Opinion

Machinery and Equipment Auctions

Tags: auction, auction scam, equipment appraisal, equipment appraiser, Online auction
Posted in Inventory Control, Machinery & Equipment Appraisal, equipment appraisal | No Comments »

Tavern on the Green Auction

Earlier this year, Tavern on the Green, that iconic New York restaurant, announced that it is going to close its doors. Many who had a first date there, proposed there, or celebrated a special occasion there were saddened by the loss of this place full of memories. But other restaurant owners, or those sentimental ones among us, can own a piece of Tavern on the Green because it is holding a multiple-day auction in January 2010. 

We’ve written about auctions in the past and their trend to move online. Tavern on the Green’s auction is no exception. The company is going to hold an in-person auction in January, but it also will have an online auction going on in tandem. That way, people who want to own a piece of New York history, but can’t make the trip can bid on their favorite pieces. 

If your company is in a similar situation to Tavern on the Green’s, contact Present Value, and we will appraise your assets and facilitate the auction process for you.

By: Present Value

Tags: Online auction, Tavern on the Green
Posted in Equipment Auctions | No Comments »