What’s the value in used office furniture? 3 ways to rethink your assets
Published Tuesday, May. 11, 2021, 1:52 p.m.
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When it comes to moving out of office space, used office furniture is a huge hurdle to any refurbishment or relocation project. You need to coordinate the removal and disposal of hundreds, maybe thousands, of swivel chairs, cubicles, desks, cabinets, and more. It’s a big job with very little profit.
However, a simple change of perspective can help you remodel your old equipment as assets rather than waste for the landfill. With the right sustainable decommissioning strategy, you can restore the value of every item in your inventory.
First, let’s talk about used office furniture in dollars. After all, you are on a tight budget for your office move. Anything that generates additional income that you can push back into this spending plan is well worth your time.
If your equipment is in good condition, you can sell used office furniture to companies in need of new equipment.
Most shutdown plans allow you to sell about 20 percent of your inventory. This represents a significant number of items if your office is over 100,000 square feet, so selling furniture can add a huge boost to your operating budget.
If around 80 percent of your inventory is left after these sales, you can use your assets as a charitable donation for the benefit of community organizations. When you donate old office furniture, give your cubicles and conference tables a second life with a charity of your choice.
The pandemic hit many nonprofits, schools, and charities hard, increasing demand while shrinking their resources. As a result, they may not have the programming cost to replace the equipment needed to deliver their services to the community.
By accepting your free office furniture, a charity or nonprofit is not going to commit their limited budget on equipment. Instead, they can focus on what they do best.
Additionally, your donation in kind is an opportunity to tell stories as you share your good deed with shareholders, employees, and your customers. In addition to PR, you can add to your budget even further if you can claim these donations in kind for your taxes.
Through traditional liquidation methods, the typical office cubicle represents up to 700 pounds of waste.
Now extrapolate this beyond your individual office to include all areas of the company undergoing revitalization or relocation projects. In total, these projects generate 8.5 million tons of waste each year, which is sent to landfills, where toxic chemicals are released and valuable resources are collected.
As part of a sustainable decommissioning strategy, divert most of your inventory from the landfill through the sale and donation of furniture. What is left can be strategically recycled to ensure ferrous metal, wood, and plastic re-enter the manufacturing cycle. This can reduce the demand for wood, metals, fabrics and plastics.
Not only will your recycled office furniture protect the environment, but it will also protect your bottom line from costly landfill dumping fees that cost businesses $ 750 million each year.
Your used office furniture is an opportunity
Your furniture and appliances are more than just junk waiting. Sustainable decommissioning practices like sale, donation, and recycling turn your used office furniture into assets that will help you thrive under the triple bottom line.