Guideline To Selling At Auction
Auction Process Overview
Interested in selling? The first step is to get in touch with a Metro Auctions Team Member. We can be reached at (855) 383-7355. Call Anytime, 24/7.
We will work closely with you to learn about your situation, expectations and goals.
Our services and auction strategy are reviewed in detail.
With the potential seller’s approval, we will conduct an on-site inspection and analysis of the assets.
An Auction Proposal is drafted with the specific terms of the sale.
Auction sale time and location, marketing fees, commissions, expenses, logistics and any other contract terms necessary to achieve your goals are reviewed.
When the terms of the proposal are agreed upon and signed, a contract is initiated.
Auction Site Preparation
Metro Auctions will arrive at the auction site and prepare your assets to be sold.
Typical preparation includes light cleaning, organization, and assigning inventory numbers to each item.
Professional photography is utilized with comprehensive descriptions of each item
Auction Catalog of all the assets to be sold is created.
A multi-channel marketing strategy will be implemented to maximize exposure of your assets to a group of qualified buyers.
We use some of the top digital marketing techniques in the industry to highlight your assets.
The following marketing strategies will be implemented: Internet Marketing, Social Media Marketing, Content Marketing, Paid Advertising, Collateral & Direct Mail Marketing, Email Marketing, Auction listing sites, Direct buyer contact, and exposure in local, regional, and national print and digital news outlets.
We engage top industry buyers who are active in the restaurant, food service and hospitality industry.
Metro Auctions provides a comprehensive staff on the day of auction. This includes: Licensed Auctioneer, Auction Operations Manager, Registration Personnel, Bookkeeper, Bid Spotters, Floor Attendants.
We utilize a professional auction software which enables a faster, smoother and more efficient auction for our buyers and sellers.
After sale completion, we provide expedited checkout, billing, and invoicing via our auction software.
Our Auction Operations Team will oversee the removal of all equipment and merchandise.
You will receive a detailed Auction Summary Statement and Accounting report after the auction is completed.
Final payment is submitted within 14 days after final collections.
All payments are submitted in the form of an Escrow Account check.