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Large Press and Machine Shop Liquidation – Creating value from dormant assets! Closing Friday – July 8th

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Niagara Worldwide – Helps Another Client

The Next Ongoing Events

TIMED EVENT – ENDS JULY 8

ONLINE AUCTION:
Steel Parts Manufacturing
Tipton, Indiana

Download The Auction Postcard (PDF) View Auction Brochure Flip Book
Download the Steel Parts Lotbook (PDF) Download Rigger List (PDF)

For most small business owners, the thought of liquidation is appalling and grotesque.  The media depicts its general ideas associated with liquidating into your brain:  Front pages of newspapers read bankruptcy, tickers scroll the bottom of your televisions with exponentially increasing debt figures, and small businesses stick up gaudy neon-colored ‘STORE CLOSING SALE’ signs that scream urgency.  With the economy in its current state, it’s not difficult to fall victim of all the hype [and scare].  Yet, the media fails to acknowledge the rest of the liquidation business; the beneficial business strategy of liquidation: converting your obsolete, overstock, salvage, returns, and excess inventory into immediate, upfront, and useable cash.

There are two major forms of liquidation: compulsory and voluntary.  When you hear of liquidation in the media, it is compulsory liquidation, which is when you are forced to liquidate by law.  Compulsory liquidation is the last resort for a business.  It involves selling off every aspect of the business, from their inventory all the way up to their debts.  When a company is compulsory liquidating, they are closing their doors for good.  The latter form, voluntary liquidation, is the unspoken strategy that is used frequently within all Fortune 500 businesses.

Call NIAGARA Worldwide today to see how we can support the re-sale and re-purposing of your industrial assets. 

Eric J. Spirtas – President
NIAGARA Worldwide
715-251-3151 Main Office Telephone

www.niagaraworldwide.com  
eric.spirtas@niagaraworldwide.com

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295 Motors SOLD! NIAGARA Worldwide pegs another great sale!

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Written June 24th, 2011 – NIAGARA Wisconsin

From the NIAGARA Development project site in Niagara Wisconsin, Eric J. Spirtas and Burdette Wilber negotiate, prepare and hold another e-auction that has clearly satisfied the seller and the buyers.

The key to designing a successful auction (“Live or On-Line”) requires the knowledge of an experienced auctioneer.  Lot sizes, location, blend of goods, length of sessions…  These decisions are not guesses, but more so proactive strategic determinations that come from years industry exposure.  


A smart customer and a smart liquidator make for a smart auction…  The process is not magic.  There are many ways to fail, but in most cases there are a few ideal paths to success.

A customer must always beware of the (“guarantee”).  There is no such thing, unless the auctioneer is putting up cash to buy the lot at a base number, or truly bonding the results.  Most times the “hustling” liquidator is trying to play on the perceived dollar signs in the eyes of his customer.  

As NIAGARA Worldwide closes another sale, it is important to reflect on the points that aid in running a successful auction.

10 Points on How to Run A Successful Auction!

  1. Because your auction is of a specific nature it is imperative to select an auctioneer that is ideally suited to this type of Auction. For example, a Fine Art Auctioneer is not always the person to select when conducting a charity auction which may include sporting memorabilia and assorted items that have been donated.
    The success of your auction often depends on the ability of the auctioneer and his knowledge of the type of goods being submitted to auction. The hype and spontaneous activity that comes with these types of auctions requires certain qualities such as a quick wit, an ability to “get on with it” and sell for extended periods at a fast pace. Alternatively, more refined auctions such as Fine Art calls for an auctioneer that displays a good level of patience and decorum. Selection of the most suitable auctioneer is sometimes understated and many auctions fail to reach the desired results and standards because of poor selection.
  2. Much credence should be given to the selection of the Auction venue when organising your auction. The venue should reflect the quality and type of auction being held in order to achieve your maximum result. When conducting an auction it is often difficult to judge the projected size of the crowd and therefore the crowd catering in relation to seating and general hospitality is dependant on these factors. It is very important that potential purchasers have the necessary access to auction items in order to ascertain their value and suitability to their needs. Special emphasis should be placed on the venue because too much room or too little room at the wrong venue will be counterproductive to the success of the auction.
  3. Sufficient advertising and promotion of your auction is absolutely critical to it’s success. Select the best possible advertising mediums to expose your specific auction and attempt to reach the target market by way of these mediums. Very careful consideration needs to be given to the target market when deciding on the most suitable advertising campaign. Depending on the type of auction, the time and value of the campaign can vary quite substantially but it is important not to under expose the auction if you wish to maximise the financial result. Having a strong, qualified crowd of buyers goes a long way towards success.
  4. Ensuring that sufficient, trained staff are engaged to assist in all facets of the auction process is very important. The presence of relevant staff members in areas of registration, presentation of items, acceptance and delivery of auction items etc is a critical component of a successful auction.
  5. When conducting an auction of any type it is imperative that the auction items are presented to the public in the best possible condition. In an ever-increasing competitive world, pristine presentation will strongly enhance a seller’s chances of achieving a good price for their auction items. Attention to detail in presentation is sure to be rewarding.
  6. An important part of the auction process is to provide a number of payment options to satisfy the needs of the buying public. These days acceptable methods of payment at the most auctions are cash, personal cheque, bank cheque and various forms of credit card options. Auction items will normally remain on site until full payment is received unless alternative arrangements are made prior to auction. It is important for the auctioneer to make everyone aware of auction payment conditions prior to commencement of the auction.
  7. To continue the smooth operation of the auction process it is important that buyers are able to take delivery of their auction purchases with a minimum of fuss. Trained staff will assist with efficient delivery of items once payment has been made. Safe delivery is an important part of the process.
  8. Re-enforce the absolute necessity to receive full payment for auction items prior to collection by buyers. Failure to enforce the payment policy can be a financial disaster. History tells us that a soft approach in this area of the auction process often leads to moral and financial disappointment.
  9. When formalizing an agreement with an auctioneer it is important to discuss the financial settlement arrangements once the auction is completed. Once again, depending on the type of auction being conducted, the auctioneer (or his agency) will collect the auction proceeds and, in turn, disperse the proceeds to the relevant recipients. Normal deductions prior to release of funds to the seller will include Agents Commission and Advertising.
  10. The information obtained from Buyer Registration forms will provide invaluable contact details for future auctions. The growing of your database of potential purchasers can lead to the ongoing support and success of your auctions for many years to come.

    (“10 Points on how to run a successful auction are a reprinted from find an auctioneer.com.au”)

Call today if you are looking for guidance and support at your facility.  Let us earn you a maximum payout!

Eric J. Spirtas – 314.780.3742 – eric.spirtas@niagaraworldwide.com

When your job is to count the trucks… Don’t fix the engine! – [Told by Eric J. Spirtas]

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Truck Global Contractor Blog

I was driving with my dad, looking at a job, viewing some workers and dad told me a story:

“You know,” he said “I cannot stand when people don’t stick to what they are are suppose to do.  Don’t over think the job.  Just do what I ask, nothing more.”  He continued, “In the day we had a manager ‘Les Beaty’ and he was given one task on a big job, just count the trucks.”  Sure there was plently of other stuff going on, but that was his job!

He reminds me that he made it clear, “We are paid by the truck, nothing else you do can help us.  Stay focused, document the action, when you get the tickets, I will send the bill, we will all do well.”  He exclaimed.

Well one of the trucks broke down.  The manager was beckoned (he was a good mechanic) and he just had to see if he could help.  “It will only take a couple of minutes,” thought old Les. 

15 minutes later as the manager climbs out from under the truck, he exclaims confidently “I fixed it!”  The truck driver thanks the demolition manager and off he drives.

While “Old” Les was under the truck, do you know how many trucks drove by?  Of course you don’t, but neither does Les

Stepping over a dollar to pick up at a dime.

Consulting is powerful, focus is imparative.  I can help you Focus!  If you have a project or service or need some help guiding your forces, let’s design a program to assist them today.

———

Let me know if you have a former industrial plant, resulting property and even environmental conditions that trouble you.  We will buy your problem from you.

Contact: EJ Spirtas Group, LLC and more specifically the specialty branch AMAX to tend to your property & asset troubles! 

Eric J. Spirtas
EJ Spirtas Group, LLC
Demolition Expert
Author of “Don’t Wreck the Empire”
ericspirtas@ejspirtasgroup.com
www.ejspirtasgroup.com
314.780.3742

Stay tuned… I am writing my book and it is stuffed with these business tips
“Don’t Wreck the Empire” a family business memior – The Prince Views the Kingdom!

When its too good to be true, It ain’t True! Eric J. Spirtas

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As I entered the enormous industrial facility site, I knew that the prospect of a good deal was slim to none.  The plant was hidden, the buildings looked skinny and the ground at the base of the structures seamed cluttered with apparent environmental impediments to easy, efficient demolition money making demolition.

What to do… even if there is a prospect of a deal, I know the owner is going to be hard pressed to “give away” the dollars that we see as necessary to do the job. 

“What?  You want to pay me how much and you also want me to do the environmental,”
I imagine
the owner will say?!?!?

I had to have the courage to walk on the site, walk through the buildings and make an estimate.  I had to have the confidence to share what I really find!

It didn’t take long to assess the facts:

  1. There are some significant environmental factors and I will not accept anything but full and proper handling of those conditions.
  2. There is not as much steel as expected.
  3. The buildings are not as large as was explained.
  4. There is quite a bit of trash and debris that will cost someone, something to deal with.
  5. This is a LOUSY neighborhood… Did I say Lousy?… I mean Lousy!
  6. Once I figured out; the size, ton-age, hindrance from environmental, and ultimate dollars

It was easy to see that this is a “Walk Away”!

There is so much opportunity, variable projects, abundance of property / asset for sale and the need for expert buyers, consulting, scrap sales, property brokers.  That is what we do!

Let me know if you have a former industrial plant, resulting property and even environmental conditions that trouble you.  We will buy your problem from you.

Contact: EJ Spirtas Group, LLC and more specifically the specialty branch AMAX to tend to your property & asset troubles! 

Eric J. Spirtas
EJ Spirtas Group, LLC
Demolition Expert
Author of “Don’t Wreck the Empire”
ericspirtas@ejspirtasgroup.com
www.ejspirtasgroup.com
314.780.3742

Contact EJ Spirtas today to price your demolition, scrap your steel, sell your non-ferrous, assist you with dormant or excess equipment, we will even buy your dormant land.
We simply raise the bar and raise your revenue!
EJ Spirtas Group… Your Global Answer!

Ready to buy a plant – 12,000 Tons of Steel – Eric J. Spirtas – EJ Spirtas Group

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Another day, another 12,000 Tons!

It looks like I will have the opportunity to acquire another former industrial manufacturing plant tomorrow and that means a lucky demolition contractor will get the opportunity to demolish the buildings and prepare the scrap for me and my partners.

I have been successfully selling scrap to for the last two decades and now with a few NEW relationships the sales have become (“Global”)!

This is great for the smaller contractor that has often been stuck with minimal pricing offered by the tiny scrap dealers in “Small Town USA”.  We “EJ Spirtas Commodities, LLC” offers a price that, up to now, only the largest demolition contractor has had access to.

We can ship materials by the container, so long as the materials are prepared to a 5 foot by 2 foot (by 2 foot) size.  If you can load a container, we can deliver a container right to your site and you will reap the  reward of the top salvage dollars.

This goes for STEEL or NON – FERROUS.

Eric J. Spirtas
EJ Spirtas Group, LLC
Demolition Expert
Author of “Don’t Wreck the Empire”
ericspirtas@ejspirtasgroup.com
www.ejspirtasgroup.com
314.780.3742

Contact EJ Spirtas today to price your demolition, scrap your steel, sell your non-ferrous
We simply raise the bar and raise your revenue!
EJ Spirtas Group… Your Global Answer!

New London Wisconsin Demolition Project

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New London - Edison Wood Product - 613 East Beacon New London Wisconsin

New London Wisconsin site areal

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For Sale Reusable Lumber and Timber Salvage Materials

If you are interested in Timbers, Joists, Flooring, Wood Salvage or the Like:
www.thomasedisonwoodproducts.com


Buildings were owned and operated by Thomas Edison
Currently 1 million board feet of available materials
Please send request for information or contact
ericspirtas@ejspirtasgroup.com
314.780.3742

Manitowoc Wisconsin Demolition Bid – EJ Spirtas Manitowoc, LLC

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Contact EJ Spirtas Manitowoc, LLC 314.780.3742 to be included in the demolition bid of the former Mirro Bldg in Downtown Manitowoc Wisconsin.

The structure is over 1.5 million sq ft and the project will include:

  • Demolition
  • Environmental Remediation
  • Asbestos
  • Haz Waste
  • Crushing of Concrete
  • Site Grading

MirroTheMixingBowlManitowoc

Additional Needs:

  • Gut Out
  • Rebuild and Renovation
  • Site Work

Contact us today to be included and to find out the status of the project.

Eric J. Spirtas
ericspirtas@ejspirtasgroup.com
314.780.3742