There are many reasons that you may be ready to sell one of your business’s industrial baking products. Your business may be scaling up to a new production line; you may have changed bakery products or recipes and the equipment is now idle; or you may be downsizing production to meet current market demand. Regardless of the context, the overall process for re-selling your used industrial bakery equipment is the same.
Define Business Objectives The first step is to identify your objectives for selling your used industrial baking equipment. Begin by identifying the timeframe that you have to sell and remove the equipment from your bakery. This can be informed by the timing of business events that are already in place; for example, if you are purchasing new equipment, you will need to have your existing equipment out of your bakery before the delivery date of the new equipment. Next, determine if you want to sell or exchange your equipment. If you need a different piece of equipment in your bakery, trading equipment can minimize complexity by combining both steps into one transaction. If you prefer to sell your equipment, you can determine the general price for your bakery equipment that you will be looking for. Sales Process Overview Start by connecting with a used industrial baking equipment seller. Initially, you will provide them an overview of your equipment including photos, the brand, production year, and the technical information you have available. If the vendor is interested, they will visit your bakery, inspect the equipment, and collect product specifications. They will then value the equipment and formalize the terms of sale. Depending on the reseller, they may purchase and collect your equipment on the spot, or they may market your equipment and once a potential buyer is found, they will negotiate a price. Once the equipment is purchased, they will then schedule a time to collect the equipment from you and transfer payment. Readying For Collection To prepare for the equipment collection, you need to manage the schedule of the equipment removal. This includes identifying how to minimize production downtime by scheduling the collection time around your business’s production line shifts, or by altering shift times to produce additional product before your buyer is scheduled to collect the equipment. It may also be helpful to clear the floor and entryways in order to facilitate an easier collection process, as well as disconnecting the equipment from any utilities such as electricity and water. Artisan Capital Partners tailors bakery solutions and services designed to create liquidity from industrial bakery assets while consistently managing transaction risk. Artisan Capital Partners helps bakeries manage assessing equipment, dismantling, and transportation, as well as design, installation, and testing to provide bakeries with a liquidity event that meets their goals. Comments are closed.
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