At many demolition project sites, there are leftover electrical components or other equipment to be taken to landfills or discarded.
In America, 1.4 billion pounds of waste, rubble, and trash are discarded into landfills every day.
We help companies recover some of their investment to help offset the cost of demolition by buying your old electrical parts and components. Not only does it allow us to do our part to reduce the waste going into landfills, but it also helps industrial or demolition companies by recovering cash for unused electrical equipment left in their buildings.
What Is Investment Recovery?
According to Wikipedia, investment recovery, also known as resource or asset recovery, is “the process of recouping the value of unused or end-of-life assets, effectively reusing or divesting them. This can be done by liquidating excess inventory, refurbished items, and equipment returns at the end of a lease. Auctions, consignment, scrapyard, and donation centers are some examples of everyday investment recovery services.”
In simple terms, investment recovery is when an asset is traded for a portion of the original price instead of being taken to a landfill or other facility.
How Does Investment Recovery Work?
Investment recovery has three main elements: identification, redeployment, and reinvestment (also called divestment for the “technical” term).
Identification – The first part of the process is the identification of the asset/investment. Some questions you might ask yourself may be: Does the item work? Can it still be useful? Is there any value to it being held or kept?
Redeployment – The second part of investment recovery is considered redeployment or repurposing. Here you will consider reducing, reusing, and/or recycling out-dated or unused parts or inventory.
Divestment – Lastly, the investment or asset will be sold, scrapped, recycled, or donated as reinvestment.
By selling old stock instead of trashing it, you are recovering part of your original investment.
You could also potentially donate the item and recover some of your investment through the tax deduction. However, that is rarely as much as if you sold the item. Your final option would be to reuse the item somewhere else if possible.
For example, Susan is in the middle of moving and has a mountain of boxes in storage that she does not want to take to her new house. She goes through the boxes and determines what to keep and what to get rid of (identification). After she decides what is of no value to her but may be useful to her children who are moving out, she asks if they would like some of the items. Her son ends up liking some and takes them with him (repurposing). There are still items left over that Susan decides to sell at the yard sale to make a little extra cash (reinvestment). Whatever is not sold is taken to her local thrift store or donation center.
What Does This Have To Do with Demolition?
Let’s say an old property is about to be demolished… An electrician would come to evaluate the leftover equipment and then offer to buy it from the owner, instead of having the equipment taken to a landfill.
This is better for both the environment and the owner because it reduces the amount of waste that ends up in landfills, and it provides the owner with a return on their original investment into that equipment.
The money earned from selling the old parts can be used toward the purchase and installation of new equipment if the owner ever rebuilds, which saves money. The greater the investment, the greater the trade value.
If you’re searching for companies that buy excess inventory, look no more. We buy circuit breakers, electrical cabinets, motor controls, and other excess electrical parts and components that are no longer needed. If you have something to offer, we are always buying.
Call us at 1-800-344-5575 or check out our Sell To Us page.