What Are the Steps for Pallet Racking Liquidation?
When you are liquidating your pallet racks and other warehouse equipment, there are a few options. You can take the time to document, photograph and list the items on an online marketplace, like eBay, or reach out to other businesses to see if there is interest in purchasing them. These take a considerable amount of time and may not yield the best results.
The most efficient way to sell your pallet racks is to work with an expert material-handling company like Conesco Storage Systems. Conesco can evaluate your pallet rack liquidation assets, provide an offer based on fair-market value and even handle the teardown and cleanup if you want.
A Pallet Racking Liquidation Plan
Proper preparation and planning are key to a smooth liquidation process. Following these steps can get you started.
Take Inventory
Put together a comprehensive inventory of your pallet racks and any other equipment that you plan on selling. Make a note of the age, condition and estimated value of each item. The inventory will be your guide on which items likely have resale value, what can be recycled and what has to be scrapped.
Determine Timelines
You also need to establish a pallet racking liquidation timeline. This needs to include:
- Evaluating and tagging assets
- Teardown and removal
- Recycling and disposal of remaining items
- Facility cleanup
Equipment may also require inspection, cleaning or minor repairs. You will also want to build in time for any other work that needs to happen. For example, many companies want to remove company logos or identification on their pallet racks before selling.
Value Assessment
Finding the fair-market value in a pallet rack liquidation process can be tricky. It depends on the quality of the pallet racking, the demand for used equipment and what is up for sale elsewhere. It is also important to get an accurate value of your assets to get an idea of how they match remaining asset values and depreciation for tax purposes.
A professional evaluation from an experienced material handling company can provide an accurate estimate so you know what your equipment is really worth. A company like Conesco that buys and sells huge volumes of used equipment knows market pricing, so you get a fair deal.
Selling Your Equipment
You can sell equipment yourself, but it can be an extremely challenging and time-intensive process. You will need to itemize, tag and photograph equipment, market your assets to potential buyers and negotiate deals. And there is no guarantee that your pallet racking will sell for fair market.
Equipment Teardown
Your plan will also need to account for equipment teardown, making sure the job is done safely and without damaging equipment.
Scrap and Cleanup
Leftover equipment that cannot be sold or is damaged has to be disposed of. You may be able to recycle some assets, while others need to be hauled away. After you have successfully liquidated your pallet racking, you will need to clean up the area and make any necessary repairs or modifications.
Working with Conesco Storage Systems for Pallet Racking Liquidation
Conesco is an expert in warehouse liquidations and provides end-to-end services to streamline and accelerate your process. As a nationwide leader in both new and used material handling services, Conesco has specialists to facilitate pallet rack liquidations.
A team of dedicated buyers and product acquisition specialists can evaluate your pallet racks and any other warehouse equipment you need to liquidate. Typically, this includes an on-site visit to document equipment and discuss your timelines and priorities. If you have multiple photos of the pallet racking, warehouse layout plans and details on conditions, this can help speed up the process. Based on your circumstances, we can help you create a realistic timeline and provide you with a top-dollar bid for your equipment.
If you need labor, such as teardown, disposal, cleanup or repair, Conesco can handle that too.
Conesco buys and sells pallet racking and other warehouse equipment at scale. Our customers have a high demand for quality used equipment. This helps us to know the sweet spot between supply and demand to ensure you get the best offer possible.
The process itself is fairly straightforward when you work with Conesco:
- Fill out a form for a free consultation.
- We can answer all of your questions and evaluate your equipment.
- In a few days, you receive a custom evaluation and detailed proposal.
- We send a contract, purchase order and down payment.
After that, we get to work executing the plan to meet your timelines.
Contact Conesco today at (303)-690-9591 to discuss your pallet rack liquidation needs and get top dollar for your equipment.
