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:

  1. Fill out a form for a free consultation.
  2. We can answer all of your questions and evaluate your equipment.
  3. In a few days, you receive a custom evaluation and detailed proposal.
  4. 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.

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Ted Hodges

Ted Hodges is the Founder and CEO of Conesco Storage Systems, a company he started in 1986 to provide turnkey warehousing products and services, including the repurposing of quality, used material handling equipment. With over 40 employees across the country, Ted and his team serve customers of all sizes throughout the different stages of the warehousing lifecycle. Learn more about Teddy.

“Over the past few years Conesco has proven to be valuable partners for our growing company. They understand their market and the priorities of our business, often helping us stay ahead of changes in demand for new and used racking so that we can get what we want when we want it.  It is good to have a partner that can anticipate your needs and stay ahead of them, that is the level of service that Conesco has demonstrated on a regular basis.”
~ Third Party Logistics [3PL] Company
“Working with Conesco was great. They asked the right questions, understood what we needed and our Denver Facility went in under budget. Good guys, good prices, and good services.”
~ Multinational Grocery Supply Company
“We have worked with Conesco for over 8 years, they are leaders in the Racking Industry, exceptional customer service and great in every aspect to work with. I refer them to anyone I know with racking needs.”
~ Third Party Logistics [3PL] Customer

MATERIAL HANDLING SOLUTIONS EXPERTS

NEW & USED INDUSTRIAL PALLET RACK

“Conesco gave us the top dollar cash offer for our standing pallet rack. They also provided the crew to tear it down and get the material out of our building within the tight time-frame that we had to be out. Their team was very helpful throughout the process. We recommend working with them.

~ National Beverage Distribution Company

TALK WITH AN EXPERT. CONTACT US.

Conesco can help. Complete our contact form or call us directly at: (303) 690-9591.

“Working with Conesco was great. They asked the right questions, understood what we needed and our Denver Facility went in under budget. Good guys, good prices, and good services.”
~ Multinational Grocery Supply Company
“We have worked with Conesco for over 8 years, they are leaders in the Racking Industry, exceptional customer service and great in every aspect to work with. I refer them to anyone I know with racking needs.”
~ Third Party Logistics [3PL] Customer
“Over the past few years Conesco has proven to be valuable partners for our growing company. They understand their market and the priorities of our business, often helping us stay ahead of changes in demand for new and used racking so that we can get what we want when we want it.  It is good to have a partner that can anticipate your needs and stay ahead of them, that is the level of service that Conesco has demonstrated on a regular basis.”
~ Third Party Logistics [3PL] Company

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