Professional Experienced online Auctioneers
Comprehensive Commercial Business Asset Liquidation Services
Businesses across the nation are turning to online auctions for their asset liquidation needs. The independent auction teams at Auction Spear have the experience and knowledge to get the job done in a professional timely and quality manner. Empty the building and maximize the return in a short time. The average turn around time from start to finish for a total business liquidation is less than 30 days.
If your business is looking to liquidate B stock, shelf pulls, outdated inventory, or a total business liquidation than contact Auction Spear now to schedule a Free no obligation assessment with a professional online auction team.
"Great customer service, attention to detail. Great company to work with!" - Mary M.
What are the steps of an asset liquidation auction?
The process can be broken down into three easy steps.
Free assessment
Schedule the free assessment and the auction team will answer your questions and discuss the contracts as well as the detailed steps involved with your company liquidation. There is No obligation and the auction teams goal is to educate you on how the online auction process works, not push a sale nor insist on a signed contract on the spot.
Inventory processing
The Auction teams are trained to sort, organize and categorize all inventory and equipment into lots with the goal of maximizing the return on investment as best as possible. The inventory is then posted to the Auction Spear website including detailed photos and keyword descriptions for SEO. Finally nationwide advertising and marketing begins .
Closing & Completion
The auction may run up to three weeks based on volume and other factors. Bidding is active until closing time and the online system encourages bidding with auto-extend features. Customers will pay and remove items the next day. The auction team will process payments and have a check or ETF in your hands within 15 banking days or less.
Get started now
Schedule a FREE no obligation assessment now
Get your questions answered
Schedule a time for the auction team to start processing
Reduce your business property taxes
How Liquidation Auctions Lower Business Property Taxes
Reduced Inventory Valuation
Many jurisdictions calculate property taxes based on the total value of a business’s assets, including inventory. By liquidating excess or obsolete inventory, you lower the overall valuation of your business assets, leading to reduced tax liability.Avoiding Depreciation Penalties
Holding onto excess inventory can lead to depreciation over time, which not only reduces its resale value but also increases its negative impact on your balance sheet. Liquidation auctions allow you to sell inventory while it retains higher value, reducing your taxable asset base effectively.Smaller Storage Footprint
Excess inventory often requires additional storage space, which could increase property taxes associated with larger facilities. By liquidating inventory, businesses can downsize to smaller warehouses or utilize existing space more efficiently, lowering tax expenses tied to real estate.Improved Asset Management
By regularly liquidating slow-moving inventory, businesses maintain a leaner, more strategic asset profile. This disciplined approach to inventory management often results in lower overall property tax assessments.
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Additional Tax Benefits of Liquidation Auctions
Operational Expense Deductions
Costs associated with the liquidation process, such as auction fees, transportation, and marketing expenses, may be tax-deductible. This reduces the overall financial burden of selling excess inventory.Capital Recovery
Liquidation turns idle assets into working capital, which can be reinvested into more tax-efficient or profitable business operations. This proactive approach helps align financial strategies with tax minimization efforts.Inventory Write-Offs
If inventory is sold at a loss or discarded, businesses may qualify for write-offs, further reducing taxable income.
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Why Use Online Auctions for Liquidation?
Quick Sales and Faster Tax Adjustments
Online auctions ensure that inventory moves quickly, allowing businesses to promptly adjust their tax filings to reflect the reduced asset base.Market-Driven Pricing
Auctions often result in competitive pricing, helping businesses recover a significant portion of the inventory’s value while enjoying the associated tax benefits.Efficiency and Reach
Online platforms provide access to a global audience, ensuring the maximum number of potential buyers and a smoother liquidation process.
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Conclusion
By leveraging online auctions for inventory liquidation, businesses can not only free up valuable space and recover capital but also strategically reduce their property tax obligations. This dual benefit of improved cash flow and reduced tax liability makes liquidation auctions a smart financial decision for businesses of all sizes.
Is your business having troubles with the IRS?
"I have bought from Auction Spear, and I am now part of an auction company that is an independent associate, Rusty Star Services. Seeing both ends of the spectrum, I can honestly say I’ve never been a part of a better organization. On the buying end, I’ve always gotten great deals, with knowledgeable and friendly auction companies. It was always a pleasure to be “in the mix” during the final minutes and kept me on the edge of my seat. As a seller, The staff are the best! They protect the buyer and the seller, along with providing a solid foundation from which our company can operate. 5 stars is simply not enough for them. If you are looking for great deals, in a safe setting, sign up. There is not a better company out there. If you are looking for a business opportunity, no company will give you a better chance for success."
Bill B. Rusty Star services
"What a wonderful experience! So professional and caring! We were liquidating our warehouse of vases, decor items and rental items. An auction team came out, grouped it together, took photos, posted great photos online and got a great amount of exposure for our goods. I didn't have to do anything!! They sold it for us, came out and helped customers get their goodies and load up their stuff, then they even swept out my warehouse. I just cannot say enough nice things about this company. They had a great following and got top dollar for my stuff! I would definitely use them again!"
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Customer Testimonials
"Auction Spear is fantastic to work with. If you need to clean out the house, are liquidating a business, fundraising, you name it, they can take care of you. They are professional and down to earth. Take great care in making your auction as successful as possible. If your a buyer looking for great items you owe it to yourself to check them out. I have both used their services and have purchased many items from them. Give them a try you won't regret it!!"
David N.
"I have bought from Auction Spear, and I am now part of an auction company that is an independent associate, Rusty Star Services. Seeing both ends of the spectrum, I can honestly say I’ve never been a part of a better organization. On the buying end, I’ve always gotten great deals, with knowledgeable and friendly auction companies. It was always a pleasure to be “in the mix” during the final minutes and kept me on the edge of my seat. As a seller, The staff are the best! They protect the buyer and the seller, along with providing a solid foundation from which our company can operate. 5 stars is simply not enough for them. If you are looking for great deals, in a safe setting, sign up. There is not a better company out there. If you are looking for a business opportunity, no company will give you a better chance for success."
Bill B. Rusty Star services
"What a wonderful experience! So professional and caring! We were liquidating our warehouse of vases, decor items and rental items. An auction team came out, grouped it together, took photos, posted great photos online and got a great amount of exposure for our goods. I didn't have to do anything!! They sold it for us, came out and helped customers get their goodies and load up their stuff, then they even swept out my warehouse. I just cannot say enough nice things about this company. They had a great following and got top dollar for my stuff! I would definitely use them again!"
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Members in good standing
Chamber of Commerce
Texas Auctioneers Association
National Auctioneers Association
Industrial Auction Hub
