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CASE STUDIES : Cashification™ in ACTION
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Crow Holdings - Seville Apartments / Merchant House / Sprezza : Cashification™ Success Story
Project Type
Online Auction Complete Liquidation
Date
April 2023
Case Study: Comprehensive Asset Liquidation and Salvage for Crow Holdings
Client: Crow Holdings
Project Location: 84-unit apartment complex, including The Merchant House and Sprezza restaurants
Challenge: Crow Holdings tasked us with a substantial project involving an 84-unit apartment complex and two restaurants, The Merchant House and Sprezza. The entire facility was scheduled for demolition to make room for a new office tower. Our challenge was twofold: to reduce demolition costs and to generate revenue from the remaining assets, including appliances in the apartments and all items in both restaurants.
Objective:
To efficiently liquidate and salvage valuable assets within a 120-day deadline.
Aim to significantly cut down demolition costs for Crow Holdings.
Maximize financial returns from the sale of appliances, restaurant equipment, architectural salvage, AC units, and copper wiring.
Solution and Execution:
We deployed a team specialized in large-scale liquidation and salvage operations.
Conducted a detailed inventory of all assets, identifying high-value items and optimal sales channels.
Organized a comprehensive auction for remaining items, including appliances, restaurant equipment, and architectural salvage.
Extracted and prepared AC units, copper, and wiring for sale, ensuring maximum return from these materials.
Results:
The project was completed in an impressive 72 days, significantly ahead of the 120-day deadline.
Achieved cost savings of over $380,000 in demolition expenses for Crow Holdings.
Revenue from the sale of assets and materials far exceeded initial estimates, doubling our original projections.
Conclusion: This project highlights our expertise in managing large-scale liquidation and salvage operations under tight deadlines. Our strategic approach not only saved significant costs in demolition for Crow Holdings but also turned potential waste into substantial financial gain. This success story underscores our commitment to delivering exceptional value and efficiency in asset management and liquidation.
