Offices and companies have a large amount of furniture in the form of cabins, desks, chairs, sofas, etc. and they cost a lot of money. Sometimes the company can choose to remove the existing furniture and replace it with new one to redesign the office or give it a completely new look. Companies may also want to get rid of the furniture when the business is downsized or when the business ends. The merger of two companies also means that a significant amount of furniture becomes unusable.
The storage of an unused inventory wastes a lot of space and is taxable. So it is best for companies to do something about it.
What can companies do with the old furniture?
A company can get rid of the furniture by either throwing it in the trash, donating it, or selling it to a new company.
- Throw in the trash: If the furniture is still in good working order, throwing it in the trash is not a good idea. It is true that the value of the wood decreases over time, but it still has a significant value that can be helpful to recoup part of the investment the company made in the purchase of the furniture.
- Donate furniture: This can be considered charity work and offers some tax benefits. But often other companies, including new start-ups, do not want to feel dependent on someone else’s charity and therefore do not want donated furniture.
Selling furniture: The furniture can be sold either by the company itself or through a furniture liquidator. If the company decides to do the business itself, it must save time and delivery costs to complete the deal. Liquidator companies, on the other hand, take care of all moving and shipping processes and also offer better business than what companies can get themselves.
Liquidation companies also have cubic trucks that facilitate the transportation of furniture.
It is true that the companies do not receive a tax benefit from the sale, but the value they receive will far exceed the tax benefits.
What are the advantages for buyers?
Strong and durable woods are not cheaper, and buying new office furniture can consume a large part of the budget. Buying used furniture at low cost can help companies, especially small and new ones, save a lot of money.
It also takes at least six to eight weeks for new, bespoke furniture to be delivered. This time can be saved by buying used furniture from a liquidation company.
Environmental benefits: If the furniture is still usable, it is certainly not good from an ecological point of view to throw it in the trash. Buying new furniture also means more woodcut. Liquidating furniture can help protect the environment by reducing landfill needs and preventing trees from falling.