Complete Guide to Successful Office Furniture Liquidation
Furniture liquidation serves as an easy and affordable way to sell your furniture. Many businesses that have decided to move to another office will decide to liquidate their unwanted office furniture.
Some may simply have run out of space in their office and need to get rid of a few items to make room. Whatever the reason may be, office furniture liquidation is an efficient way to save both money and time.
Below, we have provided a complete guide for those who wish to arrange a successful office furniture liquidation with minimal hassle and stress.
Having to close down a business can be very difficult, both logistically and psychologically. It can also be very challenging if you need to relocate to another, possibly smaller, office.
Certain items will simply need to go, and you likely don’t want to spend a lot of time trying to get rid of unwanted furniture.
In fact, the entire procedure can take over 12 months in some cases. You will need to consider how long it will take to get rid of your unwanted furniture, electronics and appliances.
In other words, you will need to set aside a sufficient amount of time to liquidate all unwanted furniture. By doing so, you will not have to worry about any leftover items, and you will also be able to maximize your return on investment as well.
Once you have opted to liquidate your office items you will need to get an inventory count on all of your office furniture and paraphernalia. A reliable and trusted office liquidator will be able to guide you through the entire liquidation process.
They will also provide you with a complete inventory. Remember to have your office inventory checklist on hand before the liquidators arrive so you can ensure that everything is in order.
Storage vs Furniture Liquidation
Moving appliances and furniture into a storage unit is more difficult and expensive than many people think. Just some of the costs that people neglect to factor in are reloading costs, transportation costs, storage fees, installation and damaged product expenses.
Comparatively speaking, less money is required for furniture liquidation and the process is also less complicated as well.
Perhaps the biggest cost involved in storing office furniture in storage units is the monthly storage fee, which can add up to thousands over the years.
Avoid Parting It Out
Some companies may prefer to allow liquidation businesses to pick and choose items from the large inventory of available products. However, we would advise you to avoid doing this. If you decide to allow companies to pick and choose items then they will likely go for your best items.
You may end up being left with shoddy or mediocre products that no one wants. As such, we would strongly recommend that you sell all of your furniture as a wholesale lot without exception.
Avoid leftovers and maximize your return on investment by not selling items separately.
You must do some calculations before you decide to sell your unwanted items. Try to get a better understanding of which items are popular and which items have weak demand.
By doing so you will also get a better understanding of what an office furniture liquidator does. The secondary market can be very lucrative but you need to perform the necessary due diligence in order to understand its strengths and pitfalls.
Once you have the current rate of items that you are thinking of selling to the highest bidder you will be able to have more success in the long run.
Being All In
If you need to close your business due to bankruptcy then getting rid of your office furniture and appliances can be difficult. However, working with a liquidator will make the process much easier.
Furniture liquidation is actually a simple process, but it can take some time if you have several items that you need to get rid of.
Due to the time needed in order to sell all of your unwanted furniture you should never leave office liquidation to the last minute.
As soon as you decide that you need to relocate your office or that you need to close up shop for good, you should get in touch with a reputable liquidator in your area.
You will also need to set aside some time in order to find a liquidator with a proven track record of success. In fact, if you are relocating your office, then working with a liquidator can actually increase the value of your business.
You can use the money that you have earned via liquidation to hire more employees, expand your office or buy the latest products in order to boost employee morale and productivity.