Auction Services

Our experiences has been that most auction sales are made over the internet - online based , enabling buyers to bid 24/7 with the convenience of bidding at their fingertips. Utilizing this medium significantly increases the number of bidders as it reaches global marketplaces and this increases the total auction proceeds.

We offer two auction options: Straight commission or outright purchase

Need to assess criteria of business to be auctioned off

  • Bankruptcy
  • Receivership
  • Lease Termination
  • Owners retiring - want closure
  • Difficulty of Asset Removal - Need for gas/water/electrical/refrigeration disconnect. Special rigging services.
  • Timeline given to auction off and empty premises.
  • Provincial government PPSA Notice Searches on both business debtor and individual specific to find whether their property is free and clear of any third party rights, and if not, to address security interests upon front.

Proposal
1) Online auction should run for 7 day period to exposure with buyer inspection time planned.Determine a commission rate for auction services - starting at 15% commission.

2) Unitedrecovery.ca will charge the consignor to underwrite a portion of expenses of the sale with costs capped at a maximum amount. All sale/auction proceeds will be subject to a buyer's premium retained by
Untedrecovery.ca  as supplemental fees to cover auction portal use and online advertising.

3) Site Preparation - The sale setup includes displaying,reorganizing,listing and tagging of assets, as well as gathering the necessary detailed information for advertising purposes.

4) Shipping of items to out of town buyers:  Only for value added items - for buyers that are interested in purchasing the items and cannot pickup the items we offer the following services for them.We determine which items are suitable for parcel freight without the problems of parcel damage in freight scenerios.    

a) We will determine a fixed cost to ship a parcel insured to a Canada or USA location. This option will be posted on the auction item description. Foam packing cost will be incorporated in this price

b) We offer buyers an option to ship the item on their UPS, Fedex, Purolator or Canpar account. For items under 150 pounds and are logically able to be shipped and foam packed without any damages in freight. A foam pack fee for that item will be in the auction item description.

c) We offer the buyers a skid preparation fee for selected items that are palletizable. Strick deadlines for skid pickup noted in auction item description. Provide commercial invoice to US buyers for their own custom clearance responsibilities. 

 

5) Sales Preparation - Upon immediate appointment we issue a promotional email to our customer database. If available the consignor forwards our promotional email to their current client and supplier base. Posting of paid listings of the auction in online equipment forums. For example two equipment forums we use have a member reach of 350,000 active companies worldwide.

Removal of sold assets - Unitedrecovery.ca will remain onsite to manage the checkout and proper removal of assets. Collect and submit sales taxes.

Goal is to provide the consignor with the highest return possible.

Manufacturing ~ Warehousing and Distribution ~ Leasing Company ( End of term and Defaulted Leased Equipment) ~ Retail ~ Restaurant ~ Government