Turnkey Investments

The term turnkey refers to something that is ready for immediate use and describes the sale of goods or services as well as the sale of properties that are finished and ready to move in to.  Thus the only thing an owner of a “turnkey property” needs to do is to simply put the key in and turn it.

The term is also used in investment real estate for the sale of already established businesses.  In this type of sale, it typically includes all of the necessary equipment along with the experienced employees to continue to run the business.  Turnkey properties will vary from the level of involvement required from the new owners and many real estate turnkey investments need little or no maintenance other than to collect the monthly check.

Over the last several years turnkey properties have become increasingly more popular with investors and offer a unique opportunity for both the seller and buyer.  In many situations, an auction or liquidation sale is not in the best interest of the owner and doesn’t make sense from a financial perspective to liquidate a business that still has value.

An example of an excellent turnkey investment opportunity is the marketing for sale of an existing facility which is not only running smoothly but is also doing well financially.  It may be the business just needs an influx of new capital and/or a managerial direction.  Nonetheless the business will generally realize a higher value if sold as a turnkey.

At Rabin we offer turnkey sales throughout North America and actively market and sell companies in their entirety, including equipment, inventory, intellectual property, customers, and often the attached real estate.  We have the ability to navigate through all the aspects of a complex sales process to give clients a compelling one-stop-shop value proposition.  With a unique combination of financial strength, diversified experience and unparalleled professional expertise, we have the experience and flexibility to take on a deal of any size and of any complexity.

Rabin is an international company that specializes in creating liquidity for complex manufacturing facilities with idle or marginally productive assets.  Rabin’s operations include selling entire plants, multiple plant locations, or surplus individual items by auction or liquidation and much more. Past auctions include names such as Hostess, Braniff Airlines, Montgomery Ward, and the Railway Express Agency. 

The Art of Appraising Real Estate

At Rabin, we are a family-held industrial auction and real estate investment company with a focus on the acquisition and sale of industrial equipment and facilities around the world.  We acquire, re-develop and operate industrial assets in North America, and are experts in the appraisal of real estate as well as equipment and machinery assets.

In order to list real estate to sell, finance, and obtain property insurance or to do an investment analysis, a professional appraisal is done to determine the value.  So what steps are used to appraise property?  Accurate commercial and industrial property appraisals are based on many concepts and require a more thorough process than is typically done on most residential property.  The following is but a few of the particulars that are taken into account in a commercial or industrial appraisal.

A seasoned appraiser must consider the highest and best use of the property, long-term industry trends and fluctuations, and market competition.  Also research needs to be done to learn if there are any legal restrictions pertaining to the property such as zoning ordinances and eminent domain, easements or encroachments.  Along the same lines an appraisal must determine if there are any environmental factors connected to the industrial use that may impact the value down the road.

In addition more traditional factors are compiled such as comparable sales, replacement costs, location of the property and proximity to infrastructure such as railroads or highways. An appraisal will also factor in the value of the property based on the income it produces such as in rental properties and apartment buildings.

Rabin currently owns and manages 1,625,000+ square feet of industrial real estate in North America.  The Rabin Management Company (RMC), a private real estate investment and asset management company based in San Francisco, California, currently owns and manages 1,000,000+ square feet of office, industrial, multifamily and retail commercial real estate in the Sacramento, San Francisco Bay area, and Michigan.

Rabin is an international company that specializes in creating liquidity for complex manufacturing facilities with idle or marginally productive assets.  Rabin’s operations include selling entire plants, multiple plant locations, or surplus individual items by auction or liquidation and much more. Past auctions include names such as Hostess, Braniff Airlines, Montgomery Ward, and the Railway Express Agency.  Please contact us to discover how we may assist with your asset liquidation process.

Rabin Holds Auctions for a Variety of Industries

As specialists in the industrial marketplace, we have developed relationships that bring together an international network of buyers for industrial machinery and equipment.  As such, our auctions encompass almost every industry and we typically have several auctions in one stage or another that we are servicing that span a range of industries.

To facilitate finding the machinery and equipment your company is looking for, Rabin organizes our website so you can easily find a particular auction of interest and view upcoming ones.  Also you can search by an industry division such as Agriculture, Beverage-Bottling, Construction and Mining, Food Processing, and Metalworking among others.

Areas we offer our expertise include:

Chemical Processing	Woodworking	Pharmaceutical	Trucking & Distr.
Food Processing	Plastics & Recycling	Snack Food	Mining
Agriculture	Metalworking	Construction	Packaging
Audio & Video	Bakery	Printed Circuit	Dairy
Building Equipment	Beverage	Heavy Equipment	Confectionery
Printing & Graphics	Real Estate

An example of a Rabin upcoming auction is in our Metalworking division for the Enormous Aluminum Smelting Facility (formerly the Ormet Corporation) in Hannibal, Ohio.  This auction will be held on site as well as simultaneously online and is scheduled for November 4, 5, 6, & 7, 2014.   Interested buyers do need to register and we encourage you to read all of the payment instructions and requirements beforehand.  Registration can be done online or in person at the auction site.  You will be asked for a form of deposit and need to have a credit card.  Once that is done, you are given a bidder number.

Another auction is from our Food Processing division and is an online auction taking place November, 2014.  Items for auction are food processing and packaging machinery that is surplus equipment from the HJ Heinz GmbH, in Seesen, Germany.

As you can see, we have a diverse, international business and we encourage you to check Rabin’s site for new and upcoming auctions.  If you have questions regarding an auction, please contact us.

Rabin is an international company that specializes in creating liquidity for complex manufacturing facilities with idle or marginally productive assets.  Rabin’s operations include selling entire plants, multiple plant locations, or surplus individual items by auction or liquidation and much more. Past auctions include names such as Hostess, Braniff Airlines, Montgomery Ward, and the Railway Express Agency.  Please contact us to discover how we may assist you with liquidation or auctions services. 

Online Bidding Strategies

Online auctions are a convenient way to access numerous auctions without spending the time and expense of traveling to each location. Both business owners and equipment dealers have the chance to study auction items to get a sense of real values and prices in the marketplace and to comparison shop.

Since you do not have to travel to each separate auction site, it frees you up to be able to bid on only one or just a few items, and sites such as Rabin Worldwide do not charge a fee for online bidding. Additionally online auctions provide your whole team the opportunity to get involved in the process and to weigh-in on the value that the acquisition of the equipment brings to the business. By taking advantage of the ability to pre-bid, your company is even able to implement budget restraints and project costs more accurately.

The experts have tips on how to maximize the benefits of online auctions to get the most out of the experience. The first suggestion is to research as much as you can about the items you are interested in buying such as age, condition, and any warranty information. Check the Internet for similar items for help in determining value. Be sure to read all of the information provided by the auction house carefully in advance, and if you have further questions, email them to see if they can get you more photos or information.

Well before any bidding is due to start; set a limit of how much you want to spend on the items. Determine the worth the items have to your business and do not bid any higher than that. Lastly before you place a bid, make sure you are aware of any additional charges or fees and understand all the terms of payment and conditions of the sale.

Rabin Worldwide is an international company that specializes in creating liquidity for complex manufacturing facilities with idle or marginally productive assets. Rabin’s operations include selling entire plants, multiple plant locations, or surplus individual items by auction or liquidation and much more. Past auctions include names such as Hostess, Braniff Airlines, Montgomery Ward, and the Railway Express Agency. Please contact us to discover how we may assist with your asset liquidation process.

Advantages of Being at an Auction Site

 

While we are extraordinarily proud of Rabin’s online auction services, we think you will agree that there is no substitute for the fun and excitement that is present at a live auction.  Obviously our online auctions offer the unique opportunity to bid on items from around the world without incurring the expense and time of traveling to each location. 

That being said, live auctions do have some advantages.  No amount of pictures or verbal descriptions can tell the story as well as being on-site to visually inspect the equipment up-close and take measurements.  Furthermore it provides the opportunity to meet the auctioneer in person.  You may even try your hand at influencing the grouping of auction items by expressing interest in a group to him or her.

If you are traveling to the auction site, we always recommend you try to attend the public pre-inspection to view items that you want to bid on.  And since RabinLive auctions are simultaneously a live auction and an online auction, we make it easy to get set up to bid from an online location if you have to leave the auction early. 

Another advantage to being there is that you have the opportunity to meet our team at the auction site and get inside scoops on items that you are interested in from our set-up staff.  For example, if we have identical batches of items being sold as “buyer’s choice,” you may be able to glean some hints about which ones to choose in the event you win the bid.

Plus physically attending an auction provides the chance to come into direct contact with other bidders.  You can network among your peers and meet new contacts in the industry.  Also since you are face to face, you can check out your competition and see what you are up against in terms of bidding.

Moreover we provide expert advice on crating, packing, and shipping your new items.  Our team will answer questions such as the best ways to transport items and what size truck you need.  In addition we can direct you to our contacts in the field that have the know-how to move heavy equipment and machinery.    

Rabin Worldwide is an international company that specializes in creating liquidity for complex manufacturing facilities with idle or marginally productive assets.  Past auctions include names such as Hostess, Braniff Airlines, Montgomery Ward, and the Railway Express Agency.  Please contact us to discover how we can assist with any type of company liquidation.  

Rabin 24/7™ Auctions

You may be wondering what the difference is between our RabinLive and Rabin 24/7 auctions. The answer is simple. Both auctions permit bidders to place a bid online but a Rabin 24/7 auction is entirely conducted online. There is no live auction simultaneously taking place in a physical site.

Since Rabin 24/7 is a timed auction bidding system, lots begin closing at set times that are designated in the auction announcements. Items generally close every 2 minutes unless there is active bidding. You need to register on our site beforehand to be eligible to place a bid and to receive a bidder number.

Bidding is easy but do pay attention to exactly what you are bidding on. If you see “ea” next to the numbers in the Next Available Bid column, that means you will be paying the amount stated for each item. Quantities are shown next to the item description. If you wish to place a pre-bid before the auction opens, do so in the Maximum Bid Column. This bid must be equal to or greater than the Next Available Bid amount. Once the auction opens, your bid will stay active until someone outbids you or you win the item. Check out our website for more tips on how to navigate the bidding process

A RabinLive auction is both a live auction and an online auction. The bidding takes place in real time between bidders on the floor at the live auction and bidders online using our bidder’s console. A registered online bidder for an auction can even go to the auction site to bid and only has to present their online bidder number to be given an onsite number.

At the end of our auctions, you will receive an invoice. Forms of payment accepted are: wire transfers, cashier checks, company or personal checks, and credit cards. See our website for more details or consult a Rabin Worldwide sales associate.

Rabin Worldwide is an international company that specializes in creating liquidity for complex manufacturing facilities with idle or marginally productive assets. Rabin’s operations include selling entire plants, multiple plant locations, or surplus individual items by auction or liquidation and much more. Past auctions include names such as Hostess, Braniff Airlines, Montgomery Ward, and the Railway Express Agency. Please contact us to discover how we may assist with your asset liquidation process.