Asset Liquidation Is About To Explode!

The Coronavirus pandemic has already caused dramatic effects on the restaurant industry and many other industries are soon to follow. Retailers, manufacturers and distributors will be particularly hard hit due to the cascading economic effects of the pandemic. Currently, lockdown orders make it impossible to run selective store closure sales or going-out-of-business events, so we may not see a rush on liquidation until it is safe for employees and consumers to go shopping again.

What does that mean for the electronic recycling and resale market? It’s going to explode in 2021. Tragically, the Coronavirus pandemic will cost Millions of Americans their jobs. This is why the resell industry is so important. Many start up businesses will be looking to save money due to high start up costs and a great way to save money is to buy second hand equipment. This is even more so when it comes to electronics such as telephone systems, servers and computers.

This makes asset valuation and liquidation a very important step in revitalizing the economy so DO NOT THROW WAY YOUR OLD EQUIPMENT! Outside of it polluting the Earth, you’re missing out on potential cash values for this old equipment and you may be slowing down economic growth.

So what is asset valuation? It’s where you hire a company to come in and evaluate the value of your old equipment. These companies will either broker a deal for your equipment and take a small % of the deal or will outright purchase the equipment from you for them to recondition and resell on the second hand market themselves. Your company makes some quick cash, another company can make a sell and a third company will get an opportunity to start up with the equipment you sold. This keeps precious metals, toxins, plastics and glass out of our landfills and gives these pieces of equipment a new lease on life.

If you’re worried about the data you may have on your old devices, most asset valuation companies can also provide data destruction to ensure your private information doesn’t end up with someone else. At TNR Group Inc., we specialize in all aspects of asset valuation and liquidation. We can come to your location and evaluate your old equipment and offer you fair pricing. We can also destroy old data securely and offer status tracking of your data so you can follow along in real time ensuring your data is truly erased and destroyed. With over 15 years in the E-waste industry, TNR Group Inc. has the experience and know how to get you the best value for your old and unwanted equipment and find new buyers to ensure the lifecycle of these products live on instead of ending up in land fills.

If you have any questions or would like to schedule an asset valuation in the Southern California area, please feel free to call us at 909-517-3074 or fill out our contact form HERE