Home / A business is closing
How FALCO helps
Closing the doors shouldn't mean a fire sale.
Equipment, vehicles, inventory and the building itself are worth the most when buyers compete for them. We get every asset to the auctioneer who knows that market, so the business closes on the best numbers it can.
Is this you?
Who we help here.
We usually hear about these from wARN notices of closures and layoffs, dissolution and wind-down filings, or a call from you or your advisor.
- Owners and partners winding down
- Accountants and attorneys handling the close
- Lenders holding the collateral
What gets sold
What we can route.
- Commercial buildings and land
- Shop and heavy equipment
- Trucks, trailers and fleets
- Inventory and raw materials
How it works
Three steps.
Stop after any one of them. Nothing is owed either way.
Tell us what's on the floor
A walk-through by phone or on site. We separate what will draw bidders from what is not worth the effort.
Route by category
Equipment goes to an equipment auctioneer, the fleet to a vehicle auction, the building to a licensed real estate auction firm.
Sell on a schedule
Set sale dates you can plan the close around, with results reported asset by asset.
What it costs
Nothing to you.
- No listing fee and no commission from your side.
- The buyer pays a 10% premium on top of the winning bid.That is how the auction firm and FALCO are paid.
- If it doesn't sell, you owe nobody anything.
Straight talk
What you should know.
- Lenders get a seat earlySecured lenders usually have a say in how collateral is sold. We bring them in at the start, not at the end.
- Small stuff gets bundledOffice furniture and fixtures ride along with bigger lots, or we tell you plainly they are not worth selling.
- We never buyWe do not take a position in anything we route, so we have no reason to want a low price.
Common questions
Straight answers.
Can the building and the equipment sell separately?
Yes, and they usually should. Each goes to the buyers who want it, on its own sale or in one coordinated event.
We still owe on some of the equipment. Can it be sold?
Usually, with the lender's sign-off. The payoff comes out of the sale and the lien is released at closing.
What does it cost the business?
Nothing. No listing fee and no commission from your side. The buyer pays a 10% premium on top of the winning bid. If it doesn't sell, you owe nobody anything.
Next step
Ready when you are.
Free, and nothing is owed either way.
Not quite your situation?
- A death in the familyThe house, the truck, the guns, the collections. Settled without giving them away.
- A sale date on the houseSell through a marketed auction before the trustee sale takes the equity.
- Bankruptcy or receivershipFast, transparent sales with a record that holds up in front of the court.
- A lien that has to be enforcedAbandoned boats, vehicles and units. Sold by the book so the title holds up.
- Land or a building that won't sellVacant land, commercial buildings and tax-delinquent parcels, in front of a room that wants them.