Idle Asset Liquidation is an essential business exercise that transforms inactive equipment into cash that can be invested in new equipment or other aspects of the company. Everything that a company owns is considered an asset that should either be used frequently or sold if the equipment is no longer necessary for operations in order to maximize the Return On Investment. Rather than losing out on potentially thousands of dollars when left idle, Sourceline Machinery can assist businesses sell surplus machinery & equipment.

Orderly Negotiated Sales is an optimal solution for assets that are typically specialized such as expensive units custom built for individual needs, packaging equipment, processing equipment, conveyors, complete lines, etc. ONS is beneficial for sellers who understand they need to liquidate their assets but require a longer lead time to prepare. Sellers can also implement Orderly Negotiated Sales along with an auction to allow the sale of larger units first then auctioning smaller equipment or assets that may not have performed well in the ONS.

Rather than having surplus machinery and assets remain idle, businesses can elect to auction off equipment to the highest bidder, enabling the investment of liquid cash to other areas of the company. When equipment is sold using the auction method, there are usually no contingencies and is generally sold “As-Is, Where-Is” with no warranties. The sale of the property is not subject to financing or repairs limiting the liability and further financial obligations by the seller. The auction method of marketing exposes machinery & equipment to a larger number of pre-qualified prospects and creates competition among buyers, at times exceeding the price of a negotiated sale. In addition to onsite auctions if equipment is still in production or assets are in multiple locations online auctions can be offered to simplify the process and allow a larger range of bidders.