Partner Article

Plans to Selling your Machines?

Cedar Capital Group, a company based in Singapore which sells and rents capital equipment across Asia with the help of agents in Tokyo, Japan and Seoul, South Korea has had a lot of challenges to reach where we are now. We have gone through complaints, cases, stock market brokedown and a lot more. Many people had asked us how we manage to stay in the game and we honestly do not know. Being ranked as one of the biggest company to delivery only the best in capital equipment is a big pressure for all of us but thanks to the team, our partners and our clients who continue to trust us, we keep on thriving. Now, many of you had asked how it is to sell some machinery. Well, we have also started with only a few to sell which later grew as we earned partners from all over the globe.

For those who are wondering though, here are some questions to ask yourself before you sell some of your equipment:

1. How many times have you used the machine?

When equipment is being used less often, deciding whether you should keep it depends on how much profit the machine is helping to bring in compared to the cost of running, maintaining and storing it, not to mention depreciation. Consider how many upcoming jobs you have, and keep accurate records of how much the machine is in use, along with records of running and maintenance costs. If the latter costs start to equal or outstrip what the machine is bringing in, it might be time to sell.

2. When will you use your equipment again?

While considering how much you’re using a machine and how much profit it’s generating, also consider upcoming contracts – both those signed and any RFPs you’ve tendered. If it looks like a machine will be sitting idle for some time, it may make more sense to sell it, put the funds into another area of your business or buy a different machine.

3. What are the current market conditions?

Demand for equipment can play a big factor in deciding when to sell. With higher demand comes the potential of higher returns. So it pays to do your research and find out how you can tap into markets of high demand.

If you are in doubt of your capacity to sell, one way to mitigate the ups and downs of demand in your local area is to sell through a channel that helps you reach buyers from different regions and industries. Cedar Capital Group can also help you find partners in your venture.

This was posted in Bdaily's Members' News section by Mark Paul Lucas .