Office Furniture Liquidators - Tips For Getting The Most Out Of Your Assets

In today's economy office liquidation has become more and more common

. Whether a company is going out of business, downsizing, moving to more economical space or simply remodeling choosing a liquidator is a decision that should be made with much care and thought. In this article I will teach you the best ways to get the most from an office liquidation company.

As you already know office furniture is a big expense. Cubicles, desks and chairs can cost a business hundred of thousands even millions of dollars. So why is it that when it is time to liquidate or sell your furniture there seems to be no value in it at all? Most of the time the answer is, you are working with the wrong liquidator! Now evaluating office furniture is a tricky business. There are many things a liquidator has to take into consideration. When choosing a liquidation service be sure to get all of the facts on how they are evaluating your furniture. Most small office furniture dealers or small liquidators will all tell you the same thing right off the bat. Things like " Your furniture has no value in today's market " or " The market is flooded with used furniture so we can not offer you anything ". In some cases this does hold true but a good liquidator will look at several important fact before coming to any conclusions. The facts that a good liquidator will look at are as follows. This is in no particular order as they are all very important facts.

1. The Furniture manufacturer. It's just like a used car. A BMW is going to worth more than a comparable Ford.

2. The age. This does not always make a huge difference if the furniture is in very good condition. Although a 10 year old cubicle in great condition will still have less value than a 5 year old cubicle in the same condition.

3. Colors and finished. It is very simple. A pink cubicle is going to be worth a lot less than a nice earth tone a gray.

4. Sizes. This hold especially true for cubicles and modular furniture. a 6x6 65"H cubicle is actually worth more than a 8x11 54"H cubicle. Even though the 8x11 is larger it is a very uncommon size and therefore much more difficult to resell on the secondary market.

5. Logistics. Is there a dock? Are there service elevators? Can work be done during regular business? Very important!

6. Quantity of items. The more the better and the more consistency is even better yet.

Once a liquidator has evaluated all of these facts they will then put a number to the project. They will take the estimated resale value and subtract lobar to disassemble, remove and load, trucking and storage of the product. Once they have subtracted these figures they will then figure the percentage of profit needed to cover business cost and maintain roughly 20% net afterword. What is left over is the true value of the product. Now in some cases the furniture could have no value or even a negative but, if you have good clean product in a common size and color your furniture should almost always have a positive value.

When choosing a liquidator be sure to ask them for the facts that they will be or are basing your figures by. Be sure to ask for references. Make sure that when they are evaluating your assets that they are taking a good inventory and lots of pictures. A true liquidator cannot and will not give you an evaluation based on a quick walk through and no photos to reference later. Most importantly be sure that they are in fact a liquidator. There are a large number of office furniture dealers who will offer furniture liquidation services but don't actually buy the furniture themselves. Typically they will call an actually liquidator and ask them for an evaluation an then mark their number up in order to make a profit on the project. In order to get the most for your money be sure that the company you are dealing with is the same company who will be buying the furniture.

A good liquidation company can offer you more than one solution for your project. In some cases you may feel that your furniture is worth a lot more than what you are being told. You can always ask a liquidator to work with you on a consignment bases. In many ways this can turn into a great situation for both the liquidator and the client. The is mostly true on very large jobs with very nice furniture. A liquidator will almost always be interested in working this way. It means less money out for them which anyone would be happy with. For the client it means a chance to get as much as 50% more for their assets. Deals like this are usually based on a time limit and a end of contract buyout price for the client. In other words whatever does not sell after the contract is up will be bought by the liquidator at a pre-set price. Deals like this are not typical of small inventories but, some liquidators may still be open to it. It is worth trying.

In short is you do your homework and find a good office furniture liquidator the reward will be worth the effort.

by: Ron Sassano

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