Last updated 5 months ago
In this video, the speaker discusses how to bid at an auction. She advises first-time auction-goers to wait on the sidelines for a while to get a better feel for the process. In addition, she also suggests that those who are not familiar with auctions avoid getting into bidding wars or even making the opening bid at an auction. The opening bid is usually open to some serious negotiation—negotiation that other experienced bidders are better-equipped to perform.
If you’re interested in attending or holding an auction, then you should consult with Lauro Auctioneers. At Lauro Auctioneers, we handle new and used restaurant equipment, estate auctions, and business liquidation sales. For more information, call (954) 376-5945.
Last updated 5 months ago
Auctioning items is probably a new experience for most business owners, so here’s some advice about how to prepare your items for auction:
Do: Clean Your Items
A good auction company will clean your items for you before your auction, but it never hurts to spruce them up a little before the big day. This is especially true of used restaurant equipment. It will give your auctioneers a better idea of what they’re working with if your equipment is clean enough to accurately determine its current condition.
Don’t: Repair Your Items
It doesn’t make financial sense to repair your items, as that will cut into your profits. Your auction company won’t be offering a guarantee on any of the items it sells, and they’ll be very straightforward about the current condition of each product. It never looks good for a company to state that something is working and then have it fail after a few uses—which is too often the case with an item that has been recently repaired. If there’s something wrong with one of the items you’re selling, then let the buyer repair it.
Do: Fully Disclose the Condition of Your Items
With that in mind, it’s important to fully disclose the condition of everything you’re selling. You know your machines’ quirks better than anyone else.
Don’t: Create Advertising for Your Items
Even though you know your items best, that doesn’t mean that you should be the one advertising their sale. The auction company will create advertising for your items, so there’s no point in you creating more.
If you’re interested in selling your items at auction, then you need look no further than Lauro Auctioneers. At Lauro Auctioneers, we perform business liquidation sales, estate auctions, and restaurant auctions. Whether you’re buying or selling used restaurant equipment, we’re the people to contact. For more information, call us at (954) 376-5945 today.
Last updated 6 months ago
Choosing an auctioneering company can seem overwhelming if you’ve never done it before and have no real idea of what to expect from the process. But, there are certain qualities that every good auctioneering company should possess. The following are a few of those qualities.
A Respected Part of the Community
Good auctioneering companies don’t need to be decades old, but they do need to be a recognized part of their community. A quality organization is trusted and held in high esteem by local businesses and the community at large. After all, auctioneering is a business based upon trust, and if a company hasn’t earned the trust or the respect of the community, then they likely will not generate results.
Well-Organized
In addition to being a respected part of the community, an auctioneering company should also be extremely well-organized and capable when it comes to adapting new technologies and techniques. The company should have plenty of space in which to conduct auctions and great methods of attracting customers. While it’s wonderful to have bidders come and vie for the goods in person, a live auction needs to have internet capability to allow people from around the world to bid. This not only means that sellers have a better chance of liquidating their stock, but also means that buyers have better access to available goods.
Capable of Wearing More than One Hat
Auctioneering companies often work with businesses that are liquidating their goods as they go out of business. For this reason, it’s important for any reputable company to maintain a business broker’s license.
If you’re interested in finding a good auctioneering business, then you should consult with Lauro Auctioneers. Lauro Auctioneers has a real estate broker’s license, a decades-long presence in the community, and the ability to run a live auction with absentee bidding. We handle business liquidation sales, estate auctions, and restaurant auctions—particularly of used restaurant equipment. For more information, call (954) 376-5945 today.
Last updated 6 months ago
The downturn in the economy has made it tough on small businesses looking to turn a profit. Cutting corners and going to auctions to look for deals on equipment, automobiles, and the like is a great way to save some money. Here are some more resources we’ve compiled to help you learn more about the auctioning process.
- Read about the best time to buy big-ticket items. Houses, new cars, furniture, and jewelry all sell for less if you look during the right season.
- Learn about how you can start your own silent auction to jumpstart your small business with some extra liquid cash.
- Here’s a ten-step guide on how to plan a successful estate sale.
- Find out how estate sales work, what type of items you can expect to find, and how you can go about attending one.
- Read about auction etiquette before going to an estate sale or specific type of auction.
Last updated 6 months ago
If you own a restaurant, then you know the difficulties of starting up your own business. A small business needs customers, but before you can sell your product or service, you need to equipment and materials to set your place up for success.
This iPhone App offers restaurant owners an inside look into the entrepreneurial aspects of restaurant owning. Restaurant Business Magazine HD offers helpful trends and advice on new purchasing strategies and consumer tastes.
If you’re looking for restaurant equipment to set up your space for business, then Lauro Auctioneers can help you find great appliances and great prices. Contact us at (954) 376-5945 for more information.
