Friday, May 20, 2011

Cost Evaluating a Unit’s Business Contents for Bidding

Cost Evaluating a Unit’s

Business Contents for Bidding

Scenario. You find a storage unit that contains visible business items like a retail display case, light fixtures, retail shelving, good quality ladder, retail clothing racks, and more hidden in the back.

Determine what to spend on this unit…

Check your pre-game worksheet.

How did you rate this business?

What did you find out about the business on the internet?

What products, items or service did they offer?

Estimate your bid–based on minimum value of Items…

+ A retail display case Est. $150

+ A bunch of light fixtures Est. $100

+ Retail shelving Est. $75

+ A good quality ladder Est. $50

+ Retail clothing racks Est. $75

+ More hidden in the back Est. $$$$

Total $450

I would bid up to $450 on this unit

If you get it for less ….That is a bonus

If you bid higher you are taking a risk.!

If others bid higher they are taking a risk!

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