Tips for Preparing Your Items for Auction
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.
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