KBB retailers and wholesalers often face adapting to change, whether that's due to shifting consumer preferences, evolving trends, business growth or market challenges – at times like these, effective asset management is vital, says Kevin Gardner of BPI Asset Disposal Solutions.
Business restructuring and relocation often go hand in hand, driven by the need to improve margins, enhance operational efficiency, or adapt to changing market demands. In some cases, business owners are often surprised to discover just how much capital is tied up in unused and unwanted assets. For instance, relocating to new premises can highlight just how many assets are no longer required, allowing an asset disposal specialist to convert them into cash.
Selling unwanted assets is essential for maintaining cash flow and operational efficiency. Holding onto them hinders business growth by tying up capital that could be reinvested or taking up valuable floor space.
Traditionally, businesses have attempted to sell unwanted assets individually or offloading them in bulk to trade buyers. However, these approaches are time consuming and often fail to meet expectations in terms of returns, meaning more are choosing to partner with asset disposal specialists.
Specialists can help businesses through the restructuring process by efficiently managing and monetising assets. With a reliable online selling platform and access to a global network of relevant buyers, they ensure businesses make the most of their assets by recovering maximum value while maintaining operational efficiency. A reputable asset disposal specialist should carefully evaluate each asset, considering its condition, functionality and current market demands, ensuring fair pricing and maximised returns.
By handling the entire sales process, asset disposal specialists enable retailers and wholesalers to focus on their core operations while ensuring quick and effective disposal of assets. This efficient approach also supports sustainability goals by repurposing assets, reducing waste and contributing to the circular economy.
BPI recently worked with a client known for top-of-the-line cabinetry and high-end design. As part of a business restructuring process, they needed to relocate their entire 30,000sq ft storage facility, which meant finding a new home for a significant amount of assets.
The challenge was efficiently disposing of these assets while securing maximum return on investment. The client lacked the resources to manage the disposal in-house, and delays in selling unwanted assets could have disrupted the relocation.
All assets were successfully sold within the designated timeframe, resulting in minimal disruption to the client's relocation schedule. Our accurate valuations and targeted marketing strategies ensured the assets achieved their fair market value, generating significant financial benefits for the client.
