When it comes to machinery and equipment, understanding their value is crucial for any business. Machinery appraisal is the process of determining the value of machinery and equipment, and it is an crucial part of business for a business owner as machinery appraisal can impact business valuation. Here's what you need to know about machinery appraisal and why it's important. What is Machinery Appraisal? Machinery Appraisal is the process of determining the value of machinery and equipment. There are three methods that appraisers commonly use to determine the value of equipment: Sales Comparison Method: This method compares the equipment being appraised to similar equipment that has recently been sold. Income Method: This method considers the income generated by the equipment being appraised, including its operational … [Read more...] about Machinery Appraisal 101: What it is and Why it’s Important
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3 Ways to Sell Your Used Machinery and Equipment for the Most Money
Whether you are trying to sell one machine that’s been sitting in your plant or garage collecting dust or trying to offload dozens of machines & equipment as you close or upgrade your plant, there’s a lot of resources out there for you to use, but which ones are the best? And how do you know who you can trust? And perhaps most importantly, where do you make the most money? Whether you are trying to make the most money for your used and surplus machinery or just trying to offload the machine, we’ll help guide you on your best options. We’ve been helping dealers and regular people like you sell machinery for 98 years now, so let us point you in the right direction. We’ve narrowed it down to 3 main options which you can read in depth below: I Want to Make the Most Money for My Used Machinery & Equipment! If you want to … [Read more...] about 3 Ways to Sell Your Used Machinery and Equipment for the Most Money
Common Questions When Selling Your Used Hydraulic Presses Online
A hydraulic press can be difficult to sell for those business owners looking to upgrade their old equipment. Due to the general size and weight of a press, increased rigging and shipping costs over the past 2 years, finding a committed buyer can be challenging. However, there are some options available to streamline the process of reselling your hydraulic press. If it’s just sitting in your warehouse taking up space, it’s likely time to sell it. In the following post we’ll answer some common questions for how and where you can sell a hydraulic press. What Should I do Before Selling My Press? It is likely that you are already investigating different methods in which you can easily sell your used hydraulic press, however, it is important to take note of the following tips and advice before selling your hydraulic … [Read more...] about Common Questions When Selling Your Used Hydraulic Presses Online
Common Questions When Selling Used Machinery Online
As technology evolves, manufacturing methods improve, and older machinery needs to be removed from the manufacturing floor to make room for the newer equipment. So do you scrap those machines for around $145 per 2,000 lbs. or do you try and sell them online for a much higher price to someone that needs that machine for their production line? The purchase and sale of used industrial equipment can be complicated, time consuming and draining, therefore, to streamline the process the team at Surplus Record has engineered a world-renowned platform specifically for the purchase and sale of used industrial equipment and machinery. The following article answers commonly asked questions for effectively selling used industrial equipment/machinery and will allow your business to continue operating at its best capacity during periods of … [Read more...] about Common Questions When Selling Used Machinery Online
Common Questions for Selling Used Transformers Online
Finding a committed buyer for a surplus or used electrical transformer is challenging and requires a fair bit of planning and thought. The transformer market is extremely hot right now with plenty of money to be made, but it’s important to find the best avenue on how to market your transformer and ensure you get the biggest bang for your buck when selling a transformer online. With this guide, we’ll answer common questions and provide tips and on where to sell your transformer online and how to get the most money for it. What Should I do Before Selling a Transformer? Take an Inventory Check If you have multiple transformers for sale, make sure you inventory each one and have a copy of the specs for each one as well. Make sure you take note of the type of transformer, such as three phase or single-phase transformers. Is it a … [Read more...] about Common Questions for Selling Used Transformers Online
