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Auction vs. Liquidation Sale: Which Is Right for Your Business?
April 10, 2024
Categories: Auctions, Downsizing or Liquidating
In the ever-changing landscape of business operations, there often comes a time when you may need to part ways with excess inventory, outdated equipment, or surplus assets. When faced with the task of liquidating these items, businesses are typically presented with two main options: traditional liquidation sales or auction-based approaches. Wondering which approach is the right fit for your business? Join us in today’s blog as we explore the pros and cons of each approach. Traditional Liquidation
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Maximizing the Lifespan: Maintenance Tips for Restaurant Equipment Bought at Auction
November 22, 2023
Categories: Food service equipment
Welcome back to the second part of our restaurant auction series! In the first blog, we explored the benefits of purchasing restaurant equipment at auctions and provided a comprehensive checklist for aspiring restaurateurs. Now that you've acquired your essential tools through smart bidding, it's time to ensure they have a long and productive lifespan. In this blog, we'll share valuable maintenance tips that will help you keep your auction-acquired equipment in top-notch condition, saving
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Downsizing or Liquidating in a Niche Industry
November 1, 2019
Categories: Auctions, Downsizing or Liquidating
Whether the time has come for you to close up shop or you are just looking to lighten the load, it can seem difficult to sell niche equipment. Even if you have heard that there isn’t a market for your used equipment, we can help. From pizzerias to bulldozers, Backes Auctioneers has the knowledge and technology to make sure your items sell. Our Background Backes Auctioneers has decades of experience in the auction industry. With this experience comes the knowledge to work with a variety
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How to Win at an Auction
November 1, 2019
Categories: Auctions
One of the biggest insecurities many people have when coming to an auction is the ability to win the items they want. With all of the items, people, bidding and excitement, it is easy to feel overwhelmed. Today, you can lay your fears to rest because Backes Auctioneers has some tips and tricks to make sure you win everything you have your eyes on. First Things First Before you even start bidding, there are a few things you need to do. First and foremost, decide what items you are wanting
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FAQs About Auctions
February 14, 2018
Categories: Auctions
Going once, going twice, sold! Although you’ve heard this saying time and again, how much more do you know about auctions? Attending your first auction can bring a whirl of emotions, so Backes Auctioneers has compiled of list of frequently asked questions in order to make you more confident on the big day. What should I know before attending an auction? There are a lot of tricks you will learn as you become more familiar with auctions. One key item to know is you should come early and
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Three ways to get the Best Price for your Auctioned Real Estate
May 15, 2017
Categories: Auctions, Financial Institutions, Residential
“Going, going, gone!” Those are the three special words any seller loves to hear at their auction. Do you really know how to make hearing those magic words become a reality at your auction? Allow us to be your guide in preparing your property for auction and ensure you’re earning the most for your real estate with these three easy steps. Curb Appeal. Generally, buyers have very limited time to view a property for auction so tending to the outside can really make a difference.
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How Auctions Can Help Start Your Food Service Business
March 30, 2017
Categories: Food service equipment
If you are embarking on starting your own restaurant, it can be easy to let expenses get in the way of your dreams. Although restaurants serve a necessary need for the public, making it a popular start-up venture, studies show that the median cost to open a food service business is $275,000 or $3,046 per seat. Of that total, approximately $115,655 goes to kitchen and bar equipment costs. To limit your start-up expenses and help your restaurant succeed, Backes Auctioneers offers these helpful tips