Do You Need To Buy Or Sell Your Office
Furniture?
Gasping at the cost of buying new office furniture is not an uncommon
response. But what are you going to do-have employees sit on the floor
and work picnic-style?
One small way to lessen the sting of purchasing new furniture can be
to sell your used furniture. Although selling used furniture has
traditionally been the domain of companies about to downsize or close,
companies that are looking to give their offices a face-lift can also
think about trading in their used furnishings.
To be sure, selling used furniture does not bring substantial
financial rewards. This is primarily because used pieces are often
re-sold at discounts of up to 85 percent off the original price. As a
result, only companies that can afford to shed large volumes can expect
a reasonable return. This means that sellers are often large companies
that can combine furniture stock from multiple offices.
There is still some room for the smaller company, though.
Understanding the process and finding the right dealer can make your
selling experience hassle-free and help you reap some financial benefits
along the way.
Selling used furniture involves a few steps. First, you will need a
list of the furniture pieces you want to sell. You should also frankly
assess the condition of the pieces. Desks should have a minimum of
chipping and chairs should have seat cushions that still cushion and are
not overly stained. Having multiple sets of furnishings can also enhance
the value of the pieces.
You will then need to find a dealer willing to buy your used
furniture. Browsing through the local Yellow Pages will likely yield
dozens of names. But you will find that used furniture dealers usually
have a minimum requirement for buying. National dealers typically
consider only multiple-site offices; smaller regional dealers may be
willing to consider a smaller quantity. Your best bet is to get
referrals through your regular furniture dealer.
The dealers you contact will come to your office to inspect your
inventory. A dealer should give you a bid for the furniture within two
to three days. The bid should include the price to be paid for your
furniture as well as for its removal. To make sure that you are
receiving a fair return on your furniture, you may want to solicit bids
from two to three companies.
Reputable companies will generally pay you for your furniture before
removing any of it. Dealers should either pay in full or give an
up-front deposit of at least 10 percent. Be wary of dealers who promise
prompt removal with attractive rates for your furniture but hesitate to
pay before removing anything.
Finally, if you are selling and buying furniture simultaneously, keep
the processes separate. While many furniture dealers offer trade-ins for
old pieces, you are better off if you get bids for your old and new
furniture separately. Receiving individual bids will help you determine
the best rates.