Are You Moving or Closing Your Commercial Property in Mid-MO? Here’s What You Need to Know About Commercial Auctions 

When it’s time to close or move a business location in mid-Missouri, it can be a challenge figuring out what to do with all the leftover furniture, equipment, and other business assets. You want to make sure you’re getting as much money back as possible, especially if you have put in decades of finance and labor to accrue these assets. There are many options included in liquidating assets, a.k.a. turning your physical property and items into cash. You can hold a going-out-of-business sale, try a traditional liquidation sale, or you can sell your business assets through a commercial property auction in Columbia, MO. Before you immediately take the sale route, examine your business needs and timeline and decide which process will work best for your company. Here is your guide to liquidating business assets in mid-Missouri through commercial property auctions.

What Is the Difference Between a Liquidation Auction & a Liquidation Sale in Mid-Missouri? 

A liquidation sale is when you sell your business assets to pay off any debt resulting from either closing down, moving, or downsizing your mid-Missouri business. This money often goes to secured creditors, such as lenders at a bank or financial institution. After finding an accountant or lawyer, and then an appraiser to help determine the value of your items, you can run a sale in one of several ways, many of which take several months or even years to complete. You can sell privately and simply negotiate with potential buyers, you can hold a sale through a local dealer, or you can try selling assets online. What you may not know is many liquidated items sold actually end up in auctions later down the road! 

Liquidation auctions are a little different from sales. Once you register commercial personal property with an auctioneer, we take care of the rest. An auction is an event in which dozens and even hundreds of buyers can visit and bid the amount of money they are willing to pay for the item displayed. Potential buyers go back and forth until the highest bidder is determined at the end of the sale. With Atterberry Auction & Realty Company, buyers don’t have to sit and wait for their preferred item to be called. Instead, we auction items online and allow interested parties to bid on a number of items all at once. This process is efficient and allows for quick and easy bidding, purchasing, and pick-up. After the auction, Atterberry Auction & Realty Company handles item pick-up or shipping so you don’t have to. For an easy, convenient commercial auction experience, work with Atterberry Auction & Realty Company.

Pros of holding a commercial property auction for your business assets in Columbia, MO 

Sell items fast: One of the main perks of selling commercial personal property at auction is just how quickly you can liquidate product, supplies, and equipment!. From start to finish, selling items through an auction typically takes only 30 days! Traditional liquidation can take several months to complete, which means more time without money and more complications. If you need money fast, working with Atterberry Auction & Realty Company may be the right choice for you. 

Competitive atmosphere: Another benefit of commercial personal property auctions is the sense of urgency and competition. The price of your property is determined by what people are willing to bid, and with multiple consumers competing, you can sell your assets for more than you might have imagined. Liquidating your commercial personal property through Atterberry can help you not only sell quicker, but possibly earn more than you would at a liquidation sale. 

Online auctions open more people to you: Do you want more selling opportunities than just the people in your immediate mid-Missouri area? With Atterberry Auction & Realty Company’s online auctions, you can reach an even larger market of potential buyers who will find value in your Columbia, MO assets. We are always selling valuable items online to multiple interested buyers, which you can check out at any time. If you want to auction commercial personal property online, contact us right away!

Expert marketing: Perhaps the most tedious step in liquidating your business assets is promoting the sale. Reaching a large audience in a little amount of time is an inconvenient process, especially if you’re short on time and money. When liquidating through an auction, however, Atterberry Auction & Realty Company takes care of all of the marketing. You’ve got commercial personal property, and we’ve got the promotion skills and following to make sure people in Columbia, MO are aware of it. In 2022 alone, we reached over 12 million people via social media marketing! You can relax knowing there will be an audience for your liquidation auction in mid-Missouri with Atterberry Auction & Realty Company.

Sell at true value or more: Sometimes, it’s hard to determine the market value of commercial property or commercial assets in a time of constant inflation and changing needs. This is another reason liquidation auctions are so popular in mid-Missouri. You can sell your business assets for their true market value, and possibly even above the market value. All that matters in a commercial property auction is who bids the highest, and then before you know it, you’ve sold your business assets. 

The cons of liquidating your business assets through an auction   

Can’t predict price outcome: Though most auctions result in selling assets at their true market value, there is still some unpredictability. Some auctions are less competitive than others, which means you might not sell exactly how you expected to. At the end of the day, it really depends on drawing in an audience and working with an auction company who understands the mid-Missouri market like Atterberry Auction & Realty Company. 

Buyer audience may not be what you’re looking for: Maybe there isn’t a demand for certain assets you’re trying to sell in mid-Missouri. Auction buyers can be quite a niche audience depending on the items you’re liquidating. Before any liquidation sale or auction, it’s important to do research on your area and if your commercial personal property has a chance at selling in a somewhat competitive market. If you’re unsure how your assets will sell, ask Atterberry Auction & Realty Company. We’ve sold thousands of items at auction and are familiar with the niche audiences who are interested in your type of assets.

Too soon to sell: As said before, commercial property auctions happen really fast, but maybe selling fast isn’t what’s best for your particular needs. When downsizing or going out of business in mid-Missouri, there can be many little complexities along the way, which means you might need to hold off on selling everything until you know for sure what needs to be done. In addition, the timing might also be wrong for buyer demand in relation to the assets you’re selling. 

What are the benefits of a traditional commercial property sale? 

Negotiability with buyer: Auctions in mid-Missouri are straightforward. Once the highest bidder wins and a bit of paperwork is signed, your commercial personal property is out of your hands. If you want to get to know a buyer before selling certain business assets, there may be some benefit in holding a liquidation sale. There is more room for negotiation and personal discussion when selling to someone by yourself. However, this will also take a lot of your valuable time. When selling commercial assets, take time to consider how you value your time and energy.

Privacy between buyer and seller: If you’re selling a rather specific business asset, it’s possible you might want more privacy between the buyer and the seller. Liquidation sales are limited to a smaller pool of buyers, and if you would prefer to negotiate with potential buyers one-on-one, traditional liquidation offers such opportunities. 

The downsides of commercial property sales in mid-Missouri 

Lots of time: Liquidation sales take significantly longer than liquidation auctions, which could be good or bad depending on your situation. A liquidation sale could take months or even years to complete, which could be preventing you from getting money back and getting rid of commercial property you no longer have a use for. 

Storage: For larger business assets like equipment and machinery, you will need to find storage space for it until the items are sold. This can rack up costs over time if it takes longer than a few months to sell. Eventually, you could end up paying the same amount or more in storage costs that you would earn in return for the liquidation sale. 

Tips for mid-Missouri business owners downsizing or closing their commercial property 

Is this your first time downsizing in Columbia, MO? Here are some basic tips that can go a long way for you before liquidating your assets: 

• Contact an accountant or lawyer to help you with any problems that may arise with creditors.
• Run an inventory of your commercial personal property and decide what can be sold for auction in the mid-Missouri area.
• Name your starting price on different business assets. You can research the value of furniture, equipment, and machinery to give you a better idea of your inventory’s value. 
• Contact one of our auctioneers at Atterberry Auction & Realty Company and start planning out the details of your commercial property auction. 

Ready, Set, Sell! Contact Atterberry Auction & Realty Company & Start on Liquidating Your Business Assets in Columbia, MO Today 

We understand the stress you may be going through when downsizing or closing property in mid-Missouri. Because of this, we put in our best efforts to successfully liquidate your business assets through excellent marketing and proper care when handling your items. When you’re ready to start making money on your commercial personal property, contact Atterberry Auction & Realty Company and we’ll be at your service as soon as possible. Send us a message or give us a call today!