A reputable fine furniture company recently turned to BPI Asset Disposal Solutions to sell its entire workshop contents, following the owner’s decision to retire early due to health concerns.
In preparation for retirement, the owner looked for ways to maximise returns on his workshop machinery and equipment, with the aim of topping up his retirement funds.
Based in Oxfordshire, the company had built a strong reputation for its expertise in the woodworking and furniture industry. When it came time to part with the business assets, the owner chose to partner with BPI because he was looking for a smooth and efficient way of selling via an online auction platform.
Asset disposal solution
Initially, the fine furniture company owner began by searching online for woodworking retirement sales, which led him to discover BPI’s specialised asset disposal services. After exploring BPI’s website, he realised that BPI could help him unlock the full value of his assets while managing the entire sales process, taking away all the hassle.
By choosing to work with asset disposal specialists rather than opting for traditional selling methods, the owner was able to benefit from an established customer base with BPI marketing the assets to a broader network of potential buyers. This approach ultimately facilitated a faster, more profitable sale.
BPI’s team of industrial specialists worked quickly to provide a comprehensive valuation and catalogued 70 lots, including woodworking machinery, timber and a range of tools, such as:
- SCM Sandya Uno 900mm Twin Belt Wide Belt Sander
- 2007 Felder AD951 Planer Thicknesser
- Evenwood 18″ Rip Saw
- Sedgwick TE Twin Head Tenoner
- Dominion BCC Heavy Duty Spindle Moulder
- Startrite 20-S-1 Bandsaw
- Evenwood Chisel Morticer
- Kiln Dried Timber & more
All the woodworking machinery had a single, previous owner and was in excellent condition due to meticulous maintenance. This helped the assets to attract significant interest from a wide range of potential buyers.
BPI was able to leverage their online auction platform, BPI Auctions, to deliver a seamless process, which ultimately resulted in a smooth and successful sale and minimised any disruption during the owner’s transition to retirement.
The asset sale results:
The auction generated over £17,000, which surpassed the business owner’s expectations by an impressive 30%.
The sale was completed quickly, with the auction live for just two weeks and achieving a very positive outcome. Collections from the owner’s premises were also handled in a single day, allowing for a swift site clearance.
The auction attracted multiple competitive bids, with strong interest across all lots. By accessing a global network of buyers, BPI maximised the true value of the woodworking machinery, ensuring a smooth retirement transition for the owner.
By working with BPI, the furniture company benefitted from prompt customer service and targeted marketing that attracted qualified buyers and maximised visibility. BPI not only supported the owner’s early retirement plans but also efficiently managed the entire asset disposal process from start to finish.
A representative from the furniture and woodworking company said: “Thank you to the BPI team for making the sale of the business so seamless and easy for us. It was always going to be a challenging process, but BPI really did make everything very straightforward; from the valuation and cataloguing, through to the auction itself and the collection, it all worked brilliantly.”
Nathan Burnham, Associate Director at BPI, said: “It was a great honour to assist in carrying out this auction as we were able to help a skilled craftsman who had been affected by illness and forced to retire earlier than planned. With BPI’s industry expertise, we were able to maximise the value of the assets and ensure the owner achieved a successful early retirement. We were pleased to exceed the client’s expectations, ultimately helping them secure the capital needed for their future.”
With BPI’s expertise, businesses of all sizes can successfully reach retirement by maximising the true value of their assets and generating additional capital.
For more information on BPI Asset Disposal Solutions, please visit: www.bpiauctions.com/assetdisposal/
Featured In
