What happens when a woodworking company decides to close its doors? There’s a lot of sawdust to sweep and assets to sell.
A custom woodworking facility, specializing in laminated hardwood flooring, decided to close up shop after years of production. Operations were brought to a halt, and the customer wanted to sell off their assets to repay their loans.
Demonstrating an acute knowledge of the equipment and industry, we stepped up as the industrial auction house to attract industry-specific clients. With the execution of the correct marketing plan and the appraised value of the equipment set at $1MM+, the industrial machinery auction exceeded all expectations, allowing for a complete clean-out of the building and a happy client.
Sawdust might stick around, but with the right industrial auction strategy, your equipment won’t: Loeb Auction Process