Industrial Surplus Inc. has 5 qualified appraisers on staff. The importance of clearly understanding equipment values has never been greater than in today's highly competitive market. We provide accurate, confidential, and timely appraisals for many business needs including:

• Banking Purposes
• Evaluation for Expansion
• Acquisitions
• Insurance Purposes
• Partnership Buyouts
• Disposing of Surplus Capacity
• Estate Planning and Settlement

We have been involved with appraisals for over 35 years. Buying and selling machinery and manufacturing equipment on daily basis qualifies us to be aware of the ever changing market conditions affecting machinery values. Now you can have peace of mind that you are obtaining a current and correct evaluation of your machinery and related equipment. We sign our name to it.

Our qualified appraisers are involved daily in the buying and selling of used machinery. This daily activity in the machinery and equipment marketplace gives our qualified appraisers firsthand understanding of the dynamic economic swings in the industry, which influence machinery values.

If you are seeking a qualified opinion as to value when lending, buying, selling, or insuring machinery and equipment, be sure you are getting the most professional services available. Contact us for your machinery and equipment appraisal by one of our qualified, professional appraisers.

To discuss the prospects of an appraisal please call Lou, Guy, Paul, Jack, or Tony at 860-828-3541

Professional Experience

Louis P. Brunette, our founder and Chairman, has been in the machinery business since 1935. During this time he has been involved in the buying, selling, and appraising of used machine tools. The team supporting him consists of the following machine tool experts.

Anthony Cannata, Secretary, has 35 years of diversified experience in the industry. He has been in charge of the small tool area of the business including inspection machines, cutting tools, holders and other support equipment.

Guy Brunette, President has 19 years of experience.

Paul Gaffney, Vice President has 14 years of experience.

Jack Guzewicz, Vice President has 18 years of experience.

This group represents a total of over 120 years of experience in the industry, reinforcing the qualifications Industrial Surplus has in assuring you of the best possible appraisal for the true market value of the machinery you need to buy or sell.

References

• Cincinnati Milacron
• GE/Fanuc
• Allen-Bradley
• Hartford Electrical Supply

Kinds of Appraisals

Desktop Appraisals: Are available to the general manufacturing community, and do not require on site physical inspections of the items being appraised. As such, they are not recommended for use in determining worthiness or other situations that may require a more complete opinion of values.

Desktop Opinion: A professional opinion of value based on materials or information supplied to the appraiser and evaluated without the benefit of viewing the assets. It is also a tool to determine the need for an appraisal or the scope of an appraisal. A desktop opinion should clearly be marked as a "professional opinion" and stated that it is not an appraisal.

Auction Value Appraisal: An opinion of the expected gross dollar amount to be realized at a professionally conducted and promoted public auction sale as of the date on the appraisal.

Orderly Liquidation Value Appraisal: An opinion of the expected gross dollar amount to be realized at an orderly negotiated sale held within a reasonable period of time as of the date of the appraisal.

Fair Market Value Appraisal: An opinion of the gross dollar amount to be realized between a willing buyer and a willing seller, in the open market, assuming that neither party is under compulsion to buy or sell, both are fully aware of all relevant facts as of the date of the appraisal.

In Place Value Appraisal: An opinion of the Fair Market Value which is the gross dollar amount to be realized between a willing buyer and a willing seller, in the open market, assuming that neither party is under compulsion to buy or sell, both are fully aware of all relevant facts, as installed for intended utilization as of the date of the appraisal.

New Replacement Cost Value Appraisal: An opinion of the amount it would cost, F.O.B. the new manufacturer's plant, to purchase a new item of like quality and specifications in the open marketplace. When such an item is unavailable in the marketplace, the appraiser should use his or her experience in estimating a value as of the date of the appraisal.