It’s a simple fact that companies go out of business all the time. While some of these closings can be blamed on the economy, other owners relinquish control of their companies by choice. Still others may change ownership, go bankrupt, or get bought out by the competition. No matter what the reason is for closing a business, an owner will often hold a business or retail liquidation and an auction in order to sell off the property and items contained within it.
Just what gets sold during business liquidation auctions? The property itself, such as a retail space, restaurant, office, warehouse, or other building gets sold; this, however, may involve a bank or real estate company, too. Then items within a business go toward the business liquidation auctions that take place. For example, a liquid