Find Value in Unused Machinery
September is a good time to conduct a fall equipment audit and evaluate what your business actually uses before the final quarter of the year. Machinery, tools, commercial fixtures, and other assets can remain in warehouses and storage areas for months or even years after they are no longer needed.
Why Conduct a Fall Equipment Audit?
An equipment audit gives your business a clearer picture of what it owns and what it actually uses.
Walk through your warehouse, shop, commercial kitchen, production facility, storage areas, and other spaces. Look for machinery that has been replaced, equipment left over from discontinued operations, duplicate tools, unused inventory, or equipment that has not been operated recently.
Those assets may represent capital that could be put back into your business.
Unused Equipment Takes Up Valuable Space
Floor space has value.
When old machinery occupies space that could be used for inventory, new equipment, production, or employees, keeping unused equipment can indirectly affect efficiency.
Businesses sometimes even pay for additional storage while holding equipment they no longer need.
Selling surplus equipment can help free up space while potentially recovering some of the original investment.
Prepare Before Year-End
Identifying surplus equipment in September gives businesses time to make decisions before the end of the year.
Instead of discovering unwanted equipment during a rushed December cleanout, businesses can evaluate the assets, determine their potential value, and choose an appropriate way to sell them.
Depending on the situation, that could include an equipment auction, consignment, or outright purchase.
Start Your Fall Facility Cleanup
If equipment has not been used for months and there is no clear plan to use it again, it may be worth finding out what the asset could sell for.
Equipment Recycle helps businesses turn surplus commercial and industrial equipment into usable space and potential capital.
Make your fall equipment audit part of your year-end planning and contact Equipment Recycle if you discover assets your business no longer needs.