LiquiTec works with our client to identify surplus or non-strategic assets to sell.

We provide recommendations on the best way to bundle, or group, assets to maximize value.

Our sister company, AccuVal, can be independently engaged to determine the expected return from the sale.

Assets are prepared for sale.

Sellers work together with LiquiTec to compile comprehensive information, documents and photographs that best describe the assets that are the subject of the Sealed Bid Sale.

Sellers determine what minimum price will be accepted in the sale, if applicable.

LiquiTec establishes a data room available by “invitation only” to prequalified buyers, if appropriate.

LiquiTec researches the market and devises a targeted strategy to promote the sale and drive traffic to the sale. Our approach is always multi-faceted and may include e-mail campaigns, website advertising, industry newsletters, banner advertising, print advertising, direct mail, newspaper advertising, telemarketing, press releases, radio or television.

Once the strategy is approved, our team rapidly deploys the various facets, preparing a creative advertising campaign that is engaging, straight-forward and action-oriented, creating demand for the assets and motivating bidders to participate in the sale. Most-likely buyers are often personally notified about the sale.

The impact of the advertising is monitored real-time and is modified, as needed, to ensure it maintains effectiveness.

Whenever possible, assets are made available for physical inspection. Depending on the client’s preference, viewing of assets may be by appointment only or specified for certain dates.

It is at this time that interested parties should complete their due diligence and satisfy any questions they have about the assets being sold since they are being offered “as is, where is.” Questions can be asked during the inspection or emailed to LiquiTec.

Registration is free and easy. When a party has confirmed interest in bidding, he/she will be requested to complete a registration form and agree to all Terms of Sale prior to participating in the Sale.

Sealed bid sales will require a deposit be submitted at registration. The refundable deposit serves to confirm the financial ability and intent of the bidder to complete the transaction.

On the date of the sealed bid sale, participants must submit all bids to LiquiTec on the “official bid form” by the announced deadline for each round of bidding.

Round 1: Bidders submit their opening bids. At the end of Round 1, the highest bid is announced to all participants, and a minimum bid increment is stated.
Round 2: To continue participating, bidders must submit offers that are in excess of the minimum bid increment.
Rounds of bidding continue in the same manner until no participants are willing to increase their bids above the minimum bid increment.

In some sales, and at LiquiTec’s option, prior to the start of the sale or after the first round of bidding, a stalking horse bidder may be declared. This is another strategy that motivates bidders to make their best offers right away.

When no participants are willing to increase their bids above the minimum bid increment, the sale ends. The high bidder is notified via phone that they are the successful purchaser. If no bids meet the reserve minimum, the assets are not sold.

An invoice is e-mailed to the winning bidder with buyer’s premium and tax added to the sale price, when applicable. In some sales, shipping and handling costs are also added. Generally, all purchases must be paid in full within one business day of being notified of the winning bid. LiquiTec accepts payment by wire transfer, MasterCard, Visa, cash and, in some cases, a company check accompanied by a bank letter of guarantee. Example of bank letter of guarantee >

Example of bank letter of guarantee

(must be drawn on a U.S. bank and written on bank letterhead): (Name of bank) guarantees payment to LiquiTec Industries, Incorporated from (name on account)’s account #____________ up to the amount of $____________. This letter is valid for purchases made at the sale of (name of sale) on (date of sale).

Once full payment has been confirmed, purchases may be removed. Please read the removal terms carefully as they vary by sale, but usually buyers must make their own arrangements to remove purchases within a specified timeframe at their own expense.