Your Trusted Source for Used Lab Equipment

Guide to Lab Closures and Liquidating Lab Assets with ALT

Closing a lab can be a complex and stressful process, but with ALT, you have a trusted partner to guide you every step of the way. We specialize in assisting Facility Managers, Lab Operations Managers, and C-suite Executives through every step of the closure process, providing expertise and services to maximize the return on your lab equipment and ensure an efficient site exit. Here’s how we can help:

Step-by-Step Lab Closure Process

  1. Initial Consultation:
    • Assessment: Our experienced team will schedule a consultation to understand your current needs and explain lab closure and liquidation options. There are no upfront costs to you. If necessary, we can sign a non-disclosure agreement (NDA) to protect your privacy and IP.
    • Planning: We’ll work with you to develop a tailored plan that fits your timeline and objectives, whether you need to vacate immediately or over an extended period.
  2. Inventory and Cataloging:
    • Detailed Listing: We create a comprehensive inventory of all lab equipment and supplies, documenting each item’s condition, make, model, and functionality.
    • Photographic Documentation: High-quality photos are taken to ensure accurate representation and maximize interest from potential buyers.
  3. Valuation and Pricing:
    • Market Analysis: Utilizing our industry expertise and extensive database, we provide and equipment asset valuation and estimate the total value a properly promoted and conducted surplus asset event will generate.
    • Monetization Options: We offer several models, including outright purchase, consignment, or auction, based on your preferences, our experience, and market conditions. Our recommendations and valuation will be outlined in a formal Project Proposal.
  4. Marketing and Sales:
    • Global Reach: ALT leverages an extensive network of buyers worldwide, including universities, research institutions, biotech firms, and pharmaceutical companies.
    • Targeted Marketing: Customized marketing campaigns are deployed to reach the most relevant audience for your lab assets, ensuring efficient and lucrative sales.
  5. Logistics and Removal:
    • Turnkey Logistics: Our team handles all aspects of the project in a turnkey fashion including:
      • Asset inventory, photography and catalog creation
      • Equipment deinstallation
      • Asset showcasing and staging
      • Global marketing & advertising
      • Conducting of online auction event
      • Invoicing and fund collection
      • Oversight of buyer removal (packing and shipping)
      • Sales tax collection and remittance
      • Detailed and formal accounting
      • Final balance transfer to your organization
    • Site Clean-Up: ALT will monetize all assets on your behalf directly from your facility. We offer complete site decommissioning services, including lab space cleaning and hazardous material removal, ensuring compliance with all regulatory requirements.
  6. Final Reporting:
    • Comprehensive Reports: Detailed reports are provided, summarizing all transactions, sales proceeds, and final asset disposition, giving you complete transparency throughout the process. ALT’s commission and setup costs as outlined in the Project Proposal will be deducted from the final balance.

Why Choose ALT for Your Lab Closure?

  • Experience and Expertise: With over 25 years of experience in the laboratory surplus equipment industry, we bring unparalleled knowledge and professionalism to every project.
  • Maximized Returns: Our thorough assessment and strategic marketing approach ensure you receive the highest possible return on your lab assets.
  • Turnkey Solutions: From initial assessment to final site clean-up, ALT offers comprehensive services that streamline the lab closure process, allowing you to focus on other priorities.
  • Compliance and Safety: We adhere to all industry regulations and safety standards, ensuring a smooth and compliant lab closure.

Ready to Get Started?

Complete the form below and a member of our team will be in touch to schedule a consultation and explain how we can help you efficiently liquidate your lab assets while maximizing returns:

Interested In Surplus Services?

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Check Out Our New Arrivals

American Laboratory Trading is always looking for, finding and purchasing high quality used laboratory equipment for our experienced technicians to refurbish and calibrate to like-new condition. Click below to see the newest items we have acquired.

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