Auctions: An alternative to liquidating your business assets

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Auctions: An alternative to liquidating your business assets | via FnBReport

Nobody sets out to fail, but the reality is that restaurants close all the time. And after shuttering a business, what do you do with the assets? You could keep them for posterity’s sake, sure, but you could also just sell them and recover a bit of money. When Pancake House was bought by the Max’s Group about five years ago, they did exactly that.

” Not all restaurants that are liquidating then are doing so as a result of closures Some of Astoca’s other clients are mall operators who have had to liquidate foreclosed items left by former tenants with outstanding accounts. Ayala Malls, for instance, had to sell items from former merchants at Ayala Fairview. Says Robert Lachica of AyalaLand Malls Inc., “Astoca was recommended by our colleagues in other malls.

 

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