AUCTION services
ABOUT live and online AUCTIONS AT SAM
Surplus Asset Management (SAM) is the ultimate choice for grocery stores, restaurants, and other businesses that are seeking to sell or purchase used and new FF&E. Leveraging optimal technologies and a modernized bidding platform, SAM provides placement and positioning that facilitates efficient equipment sales through live auctions - allowing sellers to maximize returns and buyers to access quality, cost-effective FF&E.
SAM's 20+ years of expertise in the auction industry allows them to work with companies to transform their surplus into value, solidifying their reputation as the preferred resource for equipment sellers and buyers.
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Why work with us for grocery and equipment auctions?
At Surplus Asset Management (SAM Auctions), we have the expertise and qualifications to conduct grocery store and other commercial equipment auctions nationwide.
Our live auction services help sell your company's assets directly from one of our warehouse locations or through our convenient e-commerce company, SAM Marketplace.
Whether your business is undergoing renovations, relocating, closing, or simply possessing surplus assets or inventory, we're here to maximize your returns.
Our comprehensive grocery store and commercial equipment auctions cover everything from appraisals to set-up, removal, and shipping.
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CONTACT US TO DISCUSS YOUR NEXT AUCTION
FREQUENTLY ASKED QUESTIONS (FAQS)
CAN YOU HELP ME SELL MY GROCERY STORE AND OTHER COMMERICAL EQUIPMENT?
We are a full-service company that will try to help you sell your equipment. Our experts will consult with you to assess the value of the assets and determine which of our three methods will convert your asset into cash promptly and with greatest success.
WHERE CAN I FIND OUT MORE ABOUT STANDARD GROCERY STORE AND OTHER EQUIPMENT AUCTION PRACTICES?
To learn more about specific grocery store and other equipment auction practices, please visit the Terms of Sale tab for the auction you are interested in on our bidding platform partner, Proxibid.
WHAT IS A BUYER'S PREMIUM AT A GROCERY STORE AND OTHER EQUIPMENT AUCTIONS?
A buyer’s premium is a fee added to the final bid. Usually the Buyer’s Premium is 10% and is paid for by the Buyer. *Bankrupt assets do not have a buyer’s premium added because the Seller pays the fee.
WHEN IS PAYMENT DUE FROM A GROCERY STORE AND OTHER EQUIPMENT AUCTIONS?
Unless otherwise stated, full payment is due by the end of the auction day in the form of cash, cashier’s check, credit card, or wire transfer made payable to the escrow company (or Ch. 7 Bankruptcy Trustee).
WHO IS RESPONSIBLE FOR TITLE FEES AND CLOSING COSTS AT AN SURPLUS ASSET MANAGEMENT AUCTIONS?
Unless otherwise stated, the Bidder is responsible to pay for all title fees and closing costs. If a property is offered for auction and no title company has been employed (i.e. in a bankruptcy case) the Buyer can always choose any title company they want to issue title insurance.