[TshirtGuru]

Hey everyone,

You may have seen me asking about automatic presses. I just found a large, I mean LARRRGEEEEE 40+ employees large, screen printing company going out of business and I am interested in a couple of their presses. I am going to be buying cash, so I was wondering what kind of contract I should have them sign so that we all agree on date of breakdown of equipment, receiving of equipment etc. Or perhaps I should have a contract which states deposit and remainder upon COD.

How does it usually work? I will be spending about $15k cash. So should I offer them another form of payment which is safer?

Also, how does freighting these automatics work? The automatic will be a older 14 color / 16 station press. Do they call the tech in to dissassemble everything? Do I call the tech? And freight company? The company is about 4 hours away from me. I just don't want to go not going any of the procedure and want to avoid asking the seller about these things.

 

[splathead]

a purchase order signed by both of you outlining the terms should be fine.

Are they asking for a deposit up front? If not, I would not offer one. Remember, they are going out of business presumably because of money issues. Pay them when the equipment is picked up. If they are asking for a deposit, I would do it with a cashier's check or money order.

This is a huge, complicated piece of equipment. If you rely on them to make arrangements for disassembly, you are taking a big chance that they will do it correctly and deliver all the pieces.

Who is assembling it at your shop? you did not discuss shipping with the seller?

Not sure who you don't want to ask the seller these things, but you should.

 

[Unik Ink]

I would ask if disassembly and crating is included in the price. A freight company will require the equipment to have a frame around it for moving. I would go see the machine first hand to evaluate the condition, hire a tech to check it out, or at least have them send a video of it in production. You would usually be in charge of arranging a freight company to pick the equipment up. I have used Estes in the past. They had fair rates.

 

[tpitman]

I'd call the manufacturer and ask them how the press should be broken down (and reassembled) for moving. I'd ask the present owner to demonstrate the press working, if it's being sold as a running machine. It may very be well a good idea to have a tech come in to check the press prior to agreeing to buy it, and to supervise the disassembly and reassembly, unless this is a press with which you're familiar. A few hundred bucks here might be the best money you could spend, especially for an inspection. As far as a contract goes, I guess anything you can get in writing is good, but since they're going out of business, they're not going to be around for very long to chase down. If I were the seller, frankly I wouldn't guarantee anything after it left the floor of my shop, other than the condition it was in and agreed upon at the time of sale and pickup. Anything you buy used, you're taking some risk, unless it was from a company that is in the business of reselling used stuff that had been inspected or refurbished and came with some kind of guarantee that it would be working.

 

[TshirtGuru]

Thanks guys,

I've learned that the company going out of business doesn't own the press, it is leased through a funding company. So I have to wait for a bill of sale through the funding company for an official transaction. I got to see the press, it wasn't hooked up but still assembled. There is one automatic they do own outright which I can neogotiate more on, so I might try a stab at that this week.

I think I will take the suggestion on having a tech come and take a look at it since I am not familiar with automatics.