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Liquidation vs. Storage - The Pros & Cons

When planning your office relocation, the choice between Liquidation vs. Storage for your office furniture will arise. Is it beneficial to hold onto your furniture until you move into another larger workspace or should you liquidate your assets and purchase new office furniture? Let’s dive into the pros and cons of both liquidating and storing your furniture.

- Liquidation -

Pros

Frees Up Responsibility

Liquidating your office furniture can be an attractive option, as it effectively relieves you of the burden of moving the furniture to your new location. This can significantly simplify the logistics of your office relocation.

Recouping Some Money

Another advantage of liquidation is the potential to recoup some funds. Selling your furniture can help offset the costs of moving or purchasing new furniture for your future workspace.

Cons

Loss of Inventory

One of the most significant drawbacks of liquidating your office furniture is the loss of valuable inventory. This could be especially concerning if you have high-quality or unique pieces that you may not easily replace.

Time and Effort

Liquidating furniture is not always a quick and easy process. It may require significant time and effort to find buyers, negotiate deals, and handle the logistics of the sales process.

- Storage -

Pros

Hold on to Furniture

Leasing a storage unit can be a suitable option if you plan on moving into a larger workspace in the future. It allows you to preserve your existing office furniture, maintaining the potential to use it again when needed.

Cons

Transportation Costs

When choosing to store your furniture, you’ll incur additional costs related to transporting it to and from the storage unit. This includes expenses for hiring a moving truck or other transportation methods.

Labor Costs

Loading and unloading your furniture into the storage unit will require labor, which can add to the overall cost and complexity of the process.

Monthly/Annual Storage Unit Costs

Storage unit rentals come with ongoing expenses, which can accumulate over time. Monthly or annual fees, depending on the duration of storage, should be factored into your budget.

Cost of Repair/Replacement

Office furniture stored for extended periods may be subject to wear and tear, damage, or depreciation. This could lead to additional costs for repairing or replacing furniture, particularly if it sustains damage during multiple moves in and out of storage.

In conclusion, you and your team would need to weigh which option is best for you and your assets. Comment your thoughts below and to learn more, visit our Learning and Resource Centers which contain an evergrowing list of articles and videos to answer all your relocation questions.

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