Selling your old office furniture will recoup some of its cost
Mie-Yun Lee, Editorial Director, BuyerZone.com
November 16, 1998
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.