Australian firm assures returns on equipment sale

Smith Broughton proposes three viable commercial options to equipment sellers to maximise returns

The auctioneer claims to offer three tries and tested options to sellers of equipment to maximise their returns.
The auctioneer claims to offer three tries and tested options to sellers of equipment to maximise their returns.

Australian company Smith Broughton is trying to gain a foothold in the regional equipment and machinery market.

The auctioneer claims to offer three tries and tested options to sellers of equipment to maximise their returns through its bids and tenders.

On its website, the firm claims it can provide ‘a range of flexible realisation options designed to provide the seller with the choice of maximising returns through orderly consignment sale to an outright purchase offer on your equipment for cash’.

The company lists its three options on offer as follows:

Traditional sale by consignment: Traditionally the method of choice for sellers requiring assets sold at arm’s length with audit standard transparency. Commission based, the Smith Broughton team are focused on maximising client returns in a timely fashion underpinned by their knowledge of prevailing market values.

Guaranteed minimum returns: An attractive business option for sellers who want the security of a guaranteed sale at a minimum price sure in the knowledge of sharing in the upside of sale proceeds over an agreed minimum threshold value. This method mitigates seller risk whilst exposing their equipment to the competitive auction process therefore providing the opportunity of securing a greater than minimum return.

Outright Purchase: Many clients choose this popular option as holding non producing idle equipment can be detrimental to their cash flows. Smith Broughton are happy to offer to purchase obsolete or surplus to requirements equipment ‘As is Where is’ for cash.

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