$243,000 RECOVERED FOR A MEMORY MANUFACTURER
As one of California’s innovators of flash arrays relocated to a larger location as its business continued to grow, the company faced many challenges.
The company faced with developing a strategy to relocate its base equipment and to liquidate the equipment which was not going to be moved during the decommissioning of their previous facility.
The main challenge was to relocate their equipment to its new facility with little to no interruption to their business as well as to recover the maximum value from their surplus equipment to provide cash to offset its relocation costs and generate cash to reinvest into its growing business.
The client selected Excess Logic to develop a detailed relocation plan which minimized downtime and to remarket their surplus equipment. Excess Logic’s unique knowledge of logistical procedures, its proven resume of relocations, and its use of multiple online marketplaces was a logical choice to maximize value.
After partnering with the client to understand its logistical challenges, Excess Logic developed a plan to phase the relocation of the company’s base equipment and identifying excess equipment to be liquidated. As the company seamlessly executed the plan developed by Excess Logic, the focus then turned to the relocation and liquidation of the excess equipment.
Excess Logic expertly removed all of the client’s equipment from their facility and relocated it to its 21,000 square foot facility in Fremont, CA. Once on-site, their trained personnel evaluated the equipment and separated the equipment for remarketing and recycling.
Having access to over 100 million buyers worldwide, Excess Logic was able to remarket surplus assets to a broad range of customers ranging from end users to dealers on various platforms, thus garnering the largest exposure and highest recovery price. Excess Logic continuously analyzes historical prices of surplus equipment and was able to effectively define the current market value of their clients’ surplus assets.
Then Excess Logic pinpoints the most strategic buyers for the equipment in both domestic and international markets, providing their clients with a maximum return on their capital.
Excess Logic ensures transparency by providing its clients with custom asset and market reports.
Excess Logic was able to sell all of the remarketed equipment at the maximum prices allowing the client to recover in excess of $243,000 to offset their costs of professional moving and reinvest in their business. The customer recovered 80% of the residual value of their surplus equipment which is 300% more value than using traditional auctions and liquidators.
Partnering with Excess Logic, the customer maximized the recovery rates for its equipment and was able to vacate their old facility and cut the cost related to storage while experiencing no downtime.