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Are you planning to shut the doors of your business? Before you go for a business auction, it is crucial to know how to liquidate the business assets so that you can recover the maximum amount possible. Here are a few steps that you can follow:

Take Professional Advice for Liquidation

If the liquidation involves insolvency formally, you will need the services of an insolvency practitioner (IP) to help with the liquidation plan. The plan has to be accepted by a majority of the remaining creditors before the liquidation process can begin.

Take account of the Inventory

Even before you dispose of any assets, you should carefully document everything that you have. This information is needed to help you keep track of the assets. During the process, ensure that nothing is stolen or is missing. It is essential to satisfy the tax authorities as well as creditors who may want confirmation of the assets before disposing them.

Consider What to Sell and What to Not

Not all the assets may be worth selling. You might be better off donating the furniture which is not in the sellable condition. When you donate the low-value items, you will also get the tax-breaks while filing the returns. If you have items on credit, or lease with an option to buy, you will have to buy them first, and then resell to recover more money.

Assess the Value of Assets

You can get the value of the remaining assets when you attend liquidation auctions or visit business liquidation online sites. Intangible assets have to be dealt with separately as you may need to get in touch with the interested parties for better results. If you have a lot of assets to sell, you’ll need a qualified appraiser or liquidation company to help you with everything.

Choose the Best Type of Sale

Going with the best way to sell the assets will make a big difference in the final worth. Internet auctions have become popular, and they can reduce the costs significantly. Then there are public auctions and ‘closing down sales’ to liquidate the assets. But, the sale must be as short as possible to limit the overhead expenses, and you might have to wait for the proper time as well.


When you are organizing a sale, don’t forget to advertise. You should also choose the most suitable day for the buyers to make the most of the sale or auction.

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Category: Business & Liquidations Auctions
Capital Online Auctions  /   12/12/2019 @ 11:00 AM
Premium ice cream franchise has shut its doors and is making a liquidation of all items: Freezer merchandiserdipping cabinetsrefrigerationice makerinsulated reusable bagssignsPOS systemand much more!Online only auction starts closing at 11am on Thursday, December 12, 2019Click here for the...
Rockville, MD ONLINE
Capital Online Auctions  /   12/12/2019 @ 11:00 AM
Pinball machines are on sale:Wizard of OzElvisFamily GuyOpen for bidding now. Online only auctions starts closing at 11am on Thursday, December 12, 2019For the details, click...
Ocean City, MD ONLINE
Capital Online Auctions  /   12/13/2019 @ 01:00 AM
We are having a huge sale on Dr. Fuji massage chairs. These are brand new and extremely comfortable. This auction is open for bidding now. Also shipping is available (Flushing,NY or Fremont,CA)Online only auction starts closing at 1pm(Eastern Time) on Friday, December 13, 2019For more information, click...
Fremont, CA ONLINE
G.E. Johnson Auctioneers & Real Estate, Inc.  /   12/14/2019 @ 01:00 AM
Real Estate & Estate AuctionSat., Dec. 14th, 9 AM22911 128th Terrace, Live Oak, FL 32060Approx. 14 Acres +/-, (2) Double Wide Mobile HomesSeptic, Well, and Fencing  1999 24' Box Truck - Diesel (Road Worthy), 1983 x 270 Ski Boat w/trailer (new rebuilt motor, 150 HP,) 20' Steel Container (to be moved), Ford 8N Tractor, Box Blade, Mowers, Root Rake, Disc Harrow, Single Bottom Plow, Back Boom, Chain Saws, Misc. Hand Tools, Yard Vacuum, Ladder, Yard Ornaments, Gas Grill, ...
Live Oak, FL
U S Auction Company   /   12/15/2019 @ 01:00 AM
Silver gold coins 10k 14k Gold Sterling Sterling Vermeil German silver Rings earrings Necklaces Black Jack Buck Case Browning KeenKutter Knives Metal & Wooden Signs Remington Winchester Guns Lots of Smalls Old and New Thanks for Looking  Call Mike @...
Collinsville , IL
Capital Online Auctions  /   12/18/2019 @ 11:00 AM
Restaurant equipment distributor is liquidating excess equipment to make room for new arrivals. This is the perfect opportunity to stock up for the new year and get a great deal!MixersDeli slicersMerchandisersOvensFryersMeat grindersDough rollersChinaGlasswareBar equipmentRefrigerationCoffee makersand much more! OPEN FOR BIDDING NOW! Shipping is available. Online only auctions starts closing at 11am on Wednesday, December 18, 2019For more information, Click...
Manassass, VA ONLINE