Furniture liquidation serves as an inexpensive way to sell unwanted appliances and furniture. If you do not have sufficient space to store your furniture, office furniture liquidation may be a quick and easy way to free up space.
Some business owners may also opt for office furniture liquidation if they are moving to a new office and want to upgrade their workspace with new furniture or simply need the extra space for other business ventures.
If you want to save money, time, and avoid headaches, then liquidating your office furniture may be an efficient way to solve your problem.
Liquidators are experts in their craft and will know how long the process will take, how much it will cost, and how to maximize the value of your furniture. They will also learn how to work with the property and its entire management team as well.
Below, we have provided a complete guide to ensure that your office furniture liquidation project is a complete success.
Closing a business or relocating a business can be daunting and challenging for many. It can take a year, or even several years in some cases, to finalize the transition.
Removing office items can take a lot of time and effort, so you need to determine how much time it will take to get rid of all of your unwanted items.
If you want to maximize your return on investment, you need to set aside enough time to complete the liquidation process.
Once you have opted to liquidate all of your office appliances and furniture, you will need to get a total inventory count of every item. Office furniture liquidators that are reliable and transparent will guide you through every step of the process.
They will also provide you with a complete inventory as well. Before your liquidators arrive on the scene, you should have your inventory checklist ready so that each piece of furniture will be fully accounted for.
Storage vs Furniture Liquidation
Moving appliances and furniture into storage is far more costly than people may think. Some of the costs involved include transportation costs to the new location, storage fees, unloading fees, labor and removal expenditures, and reloading costs.
Damaged products will also factor into your expenses as well. One of the advantages of going with an office furniture liquidator over storage is that your liquidator will handle all moving costs. There are also no ongoing storage expenses to worry about either.
Overall, less money is required for furniture liquidation. The amount that business owners will need to spend to store unwanted items monthly will quickly add up.
Avoid Parting it Out
Some people may feel that allowing liquidation businesses to go through their available furniture repertoire and pick and choose pieces may be best. However, in truth, doing so is not a good business move.
If you allow someone to pick the items that they want, then you may be left with low-quality things that no one wants. As such, you should avoid parting your items out. Instead, sell them in bulk so that all items will be sold without any leftovers to worry about.
You must perform the necessary due diligence before you sell your office appliances and furniture.
By doing some research, you will better gauge which items have a greater value and are in higher demand on the secondary market. The current rate of all of your used office furniture will need to be determined before you go about actually trying to sell them.
Don’t Rush an Office Liquidation
While furniture liquidation is a quick, simple, effective, and inexpensive process, it should not be put off until the last minute. You need to set aside sufficient time to formulate a plan that will maximize your probability of success, as well as optimize your return on investment.
You also need to find the best company for the job. There are many liquidators to choose from, with most claiming to be the best in the business. In truth, some will promise the moon but underdeliver in spades.
Research companies and take a look at testimonials and reviews to learn more about the quality of their services. They need to have a proven track record of success to be selected for the job.
Done right, office furniture liquidation can increase the value of your business, allowing you to pursue other business ventures that may prove lucrative in the future.