At Michaels Global Trading, we believe in transparency with our clients. Keeping you informed throughout each step of your business decommission or liquidation services increases a successful outcome. Another way we keep clients informed is by answering questions. Here are some of the most frequently asked questions we receive.

Interested in learning more about Michaels Global Trading, or have more questions you need answered? We are happy to help. Call us at 647-821-9961 today.

1Why do I need an appraisal?

Some commons reasons for an appraisal are mergers & acquisitions, business valuation, bankruptcy, financing & SBA lending, insurance, buy and sell agreements or partnership dissolutions.

2What can I expect in my appraisal report?

Majority of appraisal reports will have equipment values and a synopsis of how the appraiser came up with the values given.

3How long does an appraisal take?

That depends on several factors; first, how much equipment is being appraised. Appraising a large machinery shop with hundred’s of pieces will take significantly longer than appraising a small mom and pop business.

4How much does an appraisal cost?

Every appraisal is different and has specific requirements. The cost is directly linked to the scope of work involved.

5Is there an exact value to my assets?

The simplest answer is no. There are many factors that affect the value of your assets. Some examples would be market conditions, supply and demand, age, condition and location.

6I have a problematic business loan, when should I engage a liquidator?

You should engage a liquidator as soon as possible. Selling some of your assets can be a great way to recoup some money to pay back any outstanding debts and avoid bankruptcy.

7What does a liquidation cost?

This depends on the type of assets being liquidated and the business model of the liquidator. Some liquidators like to perform on-site / auction sales from the sellers location or remove all assets to bring to their warehouse for processing. Normally with an on-site / auction sale the seller can expect to pay some marketing cost but will recoup that cost from the profits when the assets sell. If the assets are being removed the seller can expect to be paid immediately upon removal.

8What are the costs associated with liquidating my company?

If you’re selling your assets to a liquidator then there are no costs that you will incur because liquidators normally pay the seller and organize all logistics for removal.

9What will happen to the assets of the company in a Creditors’ Voluntary Liquidation?

The assets are sold and the proceeds are spilt amongst the creditors. Creditors that have secured debt against the company are paid first leaving unsecured creditors sometimes with little or nothing.

10What do I need to look out for in my commercial lease before going through with office space decommissioning?

The number one thing you should look out for in your commercial lease when decommissioning an office space is how the property management wants you to leave the space once vacated. There is a common term used in this industry called “landlord ready”. This means the space should be completely emptied – removing everything from the walls and ceiling and having the floors broom swepted.

11Do all moving companies that offer transitional management solutions provide end-to-end office space decommission support?

Not all moving companies provide end to end support. Office space decommissioning is more than removing furniture and equipment. Sometimes it involves buying remaining assets to help the client balance out the cost of a decommission service.

12What’s involved with office space decommission?

The first step is completing a walk through to get a detailed inventory and photos of what is to be decommissioned. The second step is to evaluate what has resale value or scrap metal value then subtract those numbers from the overall cost of the decommission. This process saves the client some money. After the quote is finalized another meeting takes place to discuss timelines, expectations and any other pertinent details. The movers then execute what has been planned by both parties.

13What happens to the old furniture from my office space decommission?

We normally have 3 avenues for old furniture. It can either be resold domestically or internationally, donated or recycled.

14How much do you tip for furniture removal?

Tipping is up to the client’s discretion.

15Where can you donate used office furniture?

There are many places to donate used office furniture. Habitat For Humanity is one of the biggest in the GTA.

16How can our business dispose of electronics responsibly?

97% of old electronics can be recycled for scrap value.

17How do large companies recycle electronics?

Most large companies have contracts in place with recyclers where they fill a bin on-site and its either picked up on call or checked on a monthly basis.

18How do I safely wipe data from my IT equipment before removal?

You can remove the hard drive and destroy it or you can pay a certified destruction company to do it for you.

19What is FSN classification?

FSN stands for fast-moving, slow-moving and non-moving items. Essentially, this segments inventory into three classifications. It looks at quantity, consumption rate and how often the item is issued and used.

20How do you sell excess inventory?

We sell directly to wholesalers, dealers, online/offline retailers and importers/exporters.


We love our clients from all over the world.

Anthony C
Anthony C
Marlon and his crew did a 10000 sq ft office move and decommissioning job for me. It went smoothly with no surprises. I would recommend Marlon to anyone who needs a referral. Great job Marlon!
Jens Drees
Jens Drees
Work was performed on time and with dedication and efficiency
Megan Lewry
Megan Lewry
Marlon was responsive and very professional. The movers turned up on time and were very quick.
V Krishna chaitanya
V Krishna chaitanya
I'm happy with the services provided by MGT, they are very responsive and effective in terms of managing the move, glad we chose them.
Mark Williams
Mark Williams
From Linda Williams @ Portfolio+ Inc Your company's services today were amazing - thorough and executed in a professional & timely manner. I would recommend to anyone. Many thanks. Linda Dec 2022 - just used this company's service again. Portfolio+ is extremely happy with the efficient services provided.
Shaynna Aguiar
Shaynna Aguiar
Our law firm hired Michaels Global Trading to move from one office to the other. Marlon and his crew were very efficient and professional in making sure we had everything we need to go through a smooth move. We also hired them to do a decommission of our old office. Highly recommend.
Katalin Cesario
Katalin Cesario
This group of guys are fabulous! Great customer service. Respectful, quick service. Will be using them for all future projects. Kat Cesario CHS
Irina Dar
Irina Dar
Marlon and his team were on time and ready to work. Marlon and his team provided decommissioning and relocation service. Decommissioning included destruction of old Hard Drives, Server removal, De-cabling, Inventory and general cleanup. Team is professional, cooperative, and friendly. They went out of their way to accommodate our needs several times. They worked independently and left our premises at spotless condition. During relocation, they made sure we did not have to worry about our possessions on both sides - loading and unloading. Thank you for the excellent customer service and quality!
Paula Attfield
Paula Attfield
The team did a great job removing our old office furniture and helping us move some of our bigger pieces to our new office space. They were efficient, courteous and helpful!
Trisha Whitney
Trisha Whitney
Marlon and his team just left our office, with a lot of cubicles and desks that needed to be cleared out. They were on time, very reasonably priced, polite, quiet (we were working downstairs while they were upstairs) and efficient. He had a large team working and finished the job in about 4 hours. Would highly recommend. Thanks MGT!

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