We read a recent report on the factors considered in making a business valuation. At the bottom of the list: the physical assets of a company. In other words, expensive office furniture and equipment doesn’t increase the value of your company.
This may seem surprising. After all, you paid for all those cubicles, desks, and tables, and they could be sold again. You’d think that high end furnishings would count toward your company’s worth.
However, the value of your office furniture is determined by what you’d realize if you had to sell it quickly, not by its original cost or its replacement price.
Used furniture is much less expensive than new furniture.
What does this mean to you? From our point of view, it means that it makes no sense to buy high quality new office furniture if you can buy equally high quality used office furniture.
At EthoSource, we examine every piece of furniture to make sure it’s in good condition, and we refurbish Herman Miller cubicles to like-new condition. You’re assured of top quality and you save significantly.
Go ahead and choose high end cubicles and ergonomic office chairs — but buy used. Invest the significant savings in things that will increase the value of your company.