Need to Liquidate Corporate Assets and Don’t Know Where to Start?

Updated: May 18

Liquidating entire floors of cubicles, office furniture and other assets can feel like an overwhelming project. Here at Cubicle Network, we can make sense of your project one action item at a time.

IDENTIFY ASSETS Typically large-scaled liquidations begin with gathering information a decommissioning specialist needs to estimate a liquidation bid. First of all, we need manufacture and model information for your office system. If you’re not sure who manufactures your system, typically an account executive will have this information, but we also can identify your system through photos or an on-site visit.


Tip: Look underneath the panel top caps or under the work surfaces for a manufacturer tag.


CONSIDER OPTIONS: SELL, RECYCLE, OR CLEAN SWEEP?

Some clients are unsure how to think about their options here--typically we suggest 1 of 3 options. You can sell, recycle, or ask us to dispose of your assets. Many companies choose to sell assets, and often we are asked if we can help with this process of connecting sellers and buyers.

As a rule of thumb, typically we can sell bulk loads of over 30 stations, cubicles, casegoods, filing, and seating. Name brand assets like Herman Miller, Haworth, Teknion, Knoll, or Steelcase are easier to sell, while overseas manufacturers are less desirable to the used market. Even if your product can’t be sold, we make assets disappear so your site is broom-clean and ready for next steps.


Tip: The actual number of physical items being liquidated isn't required, but can be very helpful when negotiating a sale or helping us understand the scope of the liquidation.




GATHER INFORMATION Learning about your site helps us understand the logistics of decommissioning your space. After we know more about your assets, we typically ask for photos, information about the location of the furniture, and detailed information about site conditions.


Having a clear idea of site conditions means we have a detailed understanding of available loading docks, knowledge of available parking for large semi trucks, and an idea of load out time requirements (during the work week but after business hours, only on weekends, etc.).


We also request information regarding access to freight elevators, presences of stairways, and other site information that helps us estimate costs specifically and accurately. Understanding site conditions enables us to give clients accurate time

frames, which is crucial since many decom projects are working within specified, hard deadlines.


BE AWARE OF THOSE WHO SHORTCUT

As you consider your decom contractor, another factor to keep in mind is understanding that many liquidators sell contracts and so can’t guarantee or protect your space. This lack of oversight when loading out a space can lead to expensive facility damage, especially damaged walls, floors, and other problems. Make sure your chosen liquidator is an ethical, respectful, diligent company that oversees projects personally. We do not sell contracts, we respect buildings, and we guarantee your product will be out of the building within the agreed upon time frame.


Tip: Many companies require 3 bids, but be sure to find the bids yourself—don’t count on a prospective liquidator to refer other bidders to you as this can affect your ability to get a fair, competitive bid.


There’s a lot to consider when companies need to liquidate. Here at Cubicle Network, making these transitions as smooth as possible is what we do. Call us today and let us know how we can help.



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Special photo credit to Kate Sade via Unsplash for our cover photo. 2019.

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