Federal Equipment Company participates in a wide array of industrial equipment auctions. Here are its latest offerings
Federal Equipment focuses on major industries, such as pharmaceutical, chemical, packaging, food & beverage, and more. However, we do not hesitate to learn more about any industries outside of our core competencies. In this case, we will either run the auction or refer the seller to a competent auction partner who can handle the auction. With an auction, the equipment typically stays at the manufacturing facility and the seller participates in the sale. Nearly 100% of Federal Equipment’s auctions are held online.
Federal Equipment has over 60 years of experience and expertise buying and selling used, idle, or surplus industrial equipment. With our industry and market knowledge and trustworthy reputation, you can be sure you’re getting the best return for your surplus assets when you leverage our industrial equipment auctions capabilities.
If you’re looking to sell industrial equipment, look no further than Federal Equipment. Selling equipment via an auction provides sellers with a number of benefits such as:
Federal Equipment auctions provide a number of benefits to those looking to purchase used or idle industrial equipment, such as:
Auctions take place very quickly, over a short period of time. They typically involve the equipment remaining at the manufacturing facility and the seller usually participates in the sale. Liquidation is the process of selling the assets of a business over a longer period of time in order to attain higher values that are closer to market value. In the case of a liquidation, Federal Equipment purchases the equipment, removes it, and brings it back to our warehouses to resell.What should I know before I enter an auction?
There are several important points to keep in mind prior to registering for an auction, particularly as most of Federal Equipment’s auctions are online:
An absolute auction is one where the property is sold to the highest bidder with no minimum or reserve price that must be met to complete the auction sale. In a reserve auction, there is a price that has been set between the seller and the auctioneer that must be met to complete the sale. This type of auction is typically used to provide the seller with security that they will receive a certain price to meet their sale goal.