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Need to Liquidate Your Business Fast? Here’s How

By calauctions2 posted August 14, 2020

If you want to sell or liquidate your business, the process can take a while if you’re trying to do it all yourself. If you have a big business with a lot of inventory, supplies, and equipment, it could take months. Maybe you have already spent so much time trying to liquidate your business and are just ready to be done with it.

Here are a couple of things you may want to try out to easily sell off your business and/or liquidate business assets…

Sell Your Business Through a Broker

Remember that selling your company is a completely different process from selling off business assets. If your end goal is to sell the entire company, which includes the name, trademarks, copyrights, and inventory, you might want to consider hiring a business broker.

Business brokers will usually charge a commission based on the selling price. How fast your business sells will all depend on how much work the broker puts into it. At least you don’t have to go through all the hassle of trying to sell everything by yourself.

Liquidate Business Assets Via an Online Auction

When you liquidate a business that means your business will be closed after everything is sold off.

You may be thinking about liquidating business assets yourself to save money, but time may not be on your side.

First, you have to figure out what you’re going to sell. Then you have to decide the best way to sell those assets. Last, you have to get everything ready for the sale. You will have to put on your marketing hat and make sure the word gets out. As a business owner, you’re already well aware of how important marketing is to make a sale. You want the right people to know about the liquidation. This whole process can often take weeks or maybe even several months.

This is where liquidating business assets via an online auction can help.

Selling through an auction house is relatively easy as you’re essentially handing over all the responsibility of liquidating assets. Everything gets sold all at once and all you do is collect a check at the end of the event. Most auction houses work on a commission basis that you can negotiate.

Here at Yuma Auctions, our commission will depend on what you are selling and how much prep work will be required. We take care of everything from organizing assets to photographing items for the online catalog and marketing the event to our large list of buyers. We also conduct targeted marketing campaigns on social media channels as well as online directories.

Are you a business owner in the Yuma, Arizona area who needs to liquidate business assets? Contact us for more information!