REUZEit Blog

Easy Financing for Used Lab Equipment

Finding lab equipment that fits your budget can be a struggle, but it doesn’t have to be. REUZEit is a reliable resource “for like-new” and used lab equipment. Not only can you rely on our services to save you money, but we also offer financing for used lab equipment that can ease a stressful budgeting decision.                          Saving Money with REUZEit Lab equipment can be expensive, so knowing where to find lab supplies on a budget can save you a ton of money and help stretch your budget. REUZEit obtains new and used laboratory equipment, and supplies them to our scientific community at a lower rate than traditional lab equipment distributors. We prioritize reliability and functionality in all of our discount lab supplies. For over 20 years, we have saved our customers millions of dollars on high-functioning equipment that fuels their research and development.    Financial and Warranty Options Financing is available on most pieces of used lab equipment, with payments as low as $100 per month. We believe in making lab equipment more accessible to our community by providing financing options. This allows labs to stock up on items they need right away. Many items also come with our 30-Day Warranty that includes 100% parts and labor. See full details listed on our equipment and products pages.   Make a Positive Impact By taking advantage of REUZEit’s budget-friendly benefits, pharmaceutical companies take part in supporting our Landfill Last mission. Our efforts to advocate for a circular economy are helping to reduce the amount of non-biodegradable waste that pollutes our planet. We hope to change the way our scientific community thinks about used lab equipment.   REUZEit: The All-in-One Solution for Used and Surplus Lab Equipment Investing in laboratory equipment for your scientific research is a necessary cost, and we’re committed to providing you with options that you can fit into your budget. At REUZEit, our products are highly reliable and can often be purchased with a 30-day warranty. We also offer financing options on our used lab equipment. Money saved on one product can be used to finance another resource that is just as important to your progress. Whether you’re searching for innovative chemistry lab equipment or looking to replace broken lab equipment, REUZEit offers low-cost solutions that work as hard as you do. Browse the best surplus and gently used biotech and pharmaceutical equipment on the market! Check out our USA-based store or our European-based store to shop discount laboratory equipment.  

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REUZEit’s Origins: Our Mission to being Solution Providers

Hello again, it’s Ryan Andrews. I am REUZEit’s Chief Innovation Officer and have been an integral part of the company’s overall development selling used lab equipment. Over the past 10+ years, our vision of creating a circular economy through surplus asset management as a service has propelled REUZEit to what it is today. In this blog, I’ll be sharing part 5 of REUZEit’s origin and history series. Part 1: A Family Selling Used Lab Equipment Part 2: Our First Used Lab Equipment Customers Part 3: An Innovative Approach to Lab Equipment Part 4: The Key to a Good Client Relationship Solution Providers We’d successfully completed our biggest project to date, and everyone on the team was fired up.  From there on out, we started to develop a reputation for pain point solution providers...at a profit for our customers as well as ourselves! We were brought over the wall on many of our clients’ planning meetings to see if there was an opportunity to increase productivity by solving pain points and easing budget strain.  Making Moves Toward Something Bigger A couple months into the project, I had a feeling we were going to need a bigger warehouse. With that, plus our father ailing at a rapid rate, we wanted to be closer, so we moved the business to a real warehouse in Temecula, California. At a whopping 5500 sq ft, we had so much space we thought we would never grow out of it. Justin at one point was worried it was too big of a step but went along with it, nonetheless.  It was about seven months into this project that the foundation for REUZEit was born. We were operating in a completely new niche for our industry. We were unique: providing one-stop shop services for common pain points during site closures, expertise in lab equipment handling and sales, transparency-driven recording, and a general approach to finding productivity in all surplus opportunities.  Justin graduated from beer school but at that point our business was looking good, so a career in brewing was not really the hot hand anymore. We had truckloads of used lab equipment to process, and some tail-end work to finish for the project I mentioned above. In addition, we had more demand for our services as our client quickly spread the word to their sites, sharing the success of that project company-wide. That quickly led to similar projects in Texas, New York, and Wisconsin, all of which experienced similar success. Needless to say, Justin and I were finally back in the same office and ready to begin building the world’s greatest approach to handling surplus assets: REUZEit! Our Mission Today we are still passionately addicted to solving pain points for our clients. It is REUZEit’s mission to apply our approach to surplus assets, across all industries with physical capital assets. We also want to change the world, by introducing savings and profit opportunities through a circular economic approach to the life extension possibilities of surplus assets. This leads to a wonderful benefit: reducing landfill and natural resource demand in manufacturing new goods, all from REUZEing assets before REBUYing.  As mentioned before, we now have physical locations in three countries and are providing our services on nearly every continent. We could not have made it here without the tremendous trust and support from our clients, friends, family, colleagues, and employees. To the moon we go!  Thank you for reading our origin story and we hope to speak with you soon! REUZEit: The All-in-One Solution for Used and Surplus Lab Equipment Investing in laboratory equipment for your scientific research is a necessary cost, and we’re committed to providing you with options that you can fit into your budget. Money saved on one product can be used to finance another resource that is just as important to your progress. Whether you’re searching for innovative chemistry lab equipment or looking to replace broken lab equipment, REUZEit offers low-cost solutions that work as hard as you do. Browse the best surplus and gently used biotech and pharmaceutical equipment on the market! Check out our USA-based store or our European-based store to shop discount laboratory equipment.

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REUZEit’s Origins: The Key to a Good Client Relationship

Hello again, it’s Ryan Andrews. I am REUZEit’s Chief Innovation Officer and have been an integral part of the company’s overall development selling used lab equipment. Over the past 10+ years, our vision of creating a circular economy through surplus asset management as a service has propelled REUZEit to what it is today. In this blog, I’ll be sharing part 4 of REUZEit’s origin and history series.   Transparency: The Key to a Good Client Relationship We knew transparency was going to be key, mainly because we had our eyes and ears to our industry gathering information on common pain points experienced by other vendors in the used lab equipment resell space. There was a growing distrust, lack of thorough inventory logs, hidden storage and other fees, non-auditable financial and sales records, lack of communication, and even sometimes brokers completely ghosting the clients and taking the equipment, never to be heard from again. Knowing this was abundant, and sadly even is today, Justin and I knew our secret sauce at this point was to operate transparently.    We Had Our Work Cut Out for Us A couple of weeks went by, and we had already sold seventy thousand dollars’ worth of equipment, netting our customer 10X what we would usually spend on the direct purchase. We presented our sales report; with Justin being the excel guru and ex-financial analyst, we had some very thorough reports. Needless to say, this client was ecstatic and invited us up again for another truckload!  We were sitting in the war room, where all the project leads of this massive closure were discussing the various tasks remaining to move used lab equipment out of all 8 buildings covering what seemed to be a million sqft. Over three hundred thousand in lab equipment costs to remove! We knew we could solve this pain point, so I spoke up. “Hey, we can take care of those cubicles at zero cost to you. Can we take that scope?” Being in the good graces that we were at the time, we were handed that scope, but with a nearly impossible deadline.  We had the scope of moving all the laboratory equipment and cubicles out of the buildings in two weeks! With a promise of zero net costs, or better, we had our work cut out in order to shine.     The Completion of Our Biggest Project Yet We were still very much operating very lean at this point, often dipping our bank account to near zero paying for truck rentals necessary to finish this part of the project. With me coming up and driving truckloads of used lab equipment back down to Vista and fulfilling sales orders that had to ship out, Justin ended up running a majority of this cubicle and first set of building closures himself. Towards the end, Justin was frequently spending 24 hours onsite, with the occasional power nap, in order to finish it up. I came back up for the final push and broom sweep.  The landlord wanted no damage to be done during egress of this project, so extra care and costs for that care were incurred during the entirety of this 8-building project. Not a scratch, dent, or mess was left. A few months after the completion of this project, which spanned 14 months, the landlord tore down all the buildings. Ironically, our clients’ main competitors ended up building right on top of that site we closed down.  With this part of the project complete, we had made good on our promise–and actually exceeded it. Not only did we complete everything on time with no damage or major issues, we also came in well above the net zero goal and delivered a very sizable return back to our client. We felt like heroes. Stay tuned for the final installation of our origin story.   REUZEit: The All-in-One Solution for Used and Surplus Lab Equipment Investing in laboratory equipment for your scientific research is a necessary cost, and we’re committed to providing you with options that you can fit into your budget. Money saved on one product can be used to finance another resource that is just as important to your progress. Whether you’re searching for innovative chemistry lab equipment or looking to replace broken lab equipment, REUZEit offers low-cost solutions that work as hard as you do. Browse the best surplus and gently used biotech and pharmaceutical equipment on the market! Check out our USA-based store or our European-based store to shop discount laboratory equipment.

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REUZEit’s Origins: An Innovative Approach to Lab Equipment

Hello again, it’s Ryan Andrews. I am REUZEit’s Chief Innovation Officer and have been an integral part of the company’s overall development selling used lab equipment. Over the past 10+ years, our vision of creating a circular economy through Surplus Asset Management as a service has propelled the company to what it is today. In this blog, I’ll be sharing part 3 of REUZEit’s history and origins series.   The Next Steps Toward Growth Stacy and I were married in November 2011, and business was good, but not yet flourishing. Justin and I were working hard and increasing our clients and knocking on more doors and territories. With Justin and Becca having a newborn, and Stacy and I getting married, we all sat down to discuss our future and what we could do to ensure success moving forward. The business was supporting us all, but was hard to grow quickly, and with the potential of more little ones coming we had to create some backup plans.  Justin, being Justin, thought that he should seek a new career path, just in case this crazy business did not pan out or wasn’t big enough to support both growing families. My stance? The heck with that pessimism (Justin says “realistic not pessimistic”). We won’t talk about who was right in the end…but let’s just say I am writing this story for a reason. Justin and his family decided to move up to UC Davis, where Justin attended and ultimately graduated with his Master Brewer Degree.  With my innate behavior to prove people wrong, fueled by my habit of showing my older brother what I am made of, I kept plugging away. Justin still ran all the business ends of things for us, from accounting to technical writing, and I was the lone door knocker out there pharming for a little while. After about three months and with some continued success on my end down south, Justin got bored of the school life. He was still committed to eventually finishing it but also hungry to get the company growing. So he hit the biotech streets and started finding some new opportunities for us. It was this logistical decision that could have ended up being the best decision we made.     The Consignment Agreement Sometime in early 2012 we got a call from a very large client we had both been working on. I had been pestering this client for an opportunity to show them what we could do for them. We got the call to come up to the Bay Area to pick up some used lab equipment with our rental box truck. Justin, already being close in nearby Davis, was able to meet me there easily.  We arrived on-site and were quickly shown the magnitude of the project going on, even though our scope was purely to fill a truck up with their unwanted assets. This client agreed to let us take the equipment under a consignment agreement, a newer idea at the time. We explained to them that they would make much more money if we didn’t have to purchase it up front. We quickly drew up a contact to make sure liability and transparency were upheld. We filled our truck with laboratory equipment, took diligent notes on every asset - the make, model serial, location, the good and the bad - and brought it back down south to our greenhouse warehouse. The week before we had asked our landlord for more space, so he moved his boats and toys out of the other side of the greenhouse. We now had almost 2500 sq ft of warehouse space.    An Innovative Approach to Used Lab Equipment I won't go into too many details, but there are typically three main disposition strategies around saleable assets, direct purchase, auction and consignment. Here at REUZEit we take into account the unique needs of each asset, considering a formula of Time, Value and Space. With the consignment approach, clients are provided the same, ‘get it out of my way solution’ that buying directly lends, but with the advantage of more capital recovery. This is due to the fact that when you buy something upfront you spend much less as it is an investment. The sales cycle for used lab equipment can vary, which means any equipment broker is going to hedge this delay against their offer price and pay fractions of what it will eventually sell for. With consignment, the lab equipment is still removed and out of the way, but since no major investment in purchasing is made, it allows for the client to experience a much higher percentage of the value of each asset.  Stay tuned for the next installment of this origin story!   REUZEit: The All-in-One Solution for Used and Surplus Lab Equipment Investing in laboratory equipment for your scientific research is a necessary cost, and we’re committed to providing you with options that you can fit into your budget. Money saved on one product can be used to finance another resource that is just as important to your progress. Whether you’re searching for innovative chemistry lab equipment or looking to replace broken lab equipment, REUZEit offers low-cost solutions that work as hard as you do. Browse the best surplus and gently used biotech and pharmaceutical equipment on the market! Check out our USA-based store or our European-based store to shop discount laboratory equipment.

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5 Ways to Reduce Waste in the Lab

We might not realize it, but the lab can produce a lot of waste that could have otherwise been avoided by taking a couple of extra steps or precautionary measures. At REUZEit, we have a Landfill Last mantra and do our due diligence to reduce waste by reselling used lab equipment that would otherwise have ended up as trash. Today we’re going to be talking about what else you can do to reduce waste in the lab and reduce waste that goes into our landfills.   Take inventory of Your Waste Taking inventory of your waste can be an eye-opening experience. According to a waste management audit at the University of Washington, lab gloves can account for around 23% of the total lab waste that needs to be disposed of. However, many of the gloves that are used and thrown away are not contaminated and could easily be recycled. Take note of the items that are thrown away on a daily basis that could be disposed of in a more sustainable way.    REUZE Waste After taking inventory of your waste, you can determine if this waste can be REUZEd. Are there boxes laying around that could be repurposed for packing and shipping? Is there equipment that is no longer being used that could be donated? Can you hold on to freezer packs for shipping temperature-sensitive items? REUZE-ing waste is all part of prolonging the life cycle of an item and contributing to a circular economy.   Recycle Waste Having recycling bins in a lab is the easiest way to encourage recycling waste products. Place them outside the lab with recycling posters that guide lab personnel on best practices. Items in the lab that can be recycled include uncontaminated materials such as gloves, packaging, glass, and plastics. You can also use resources like Kimberly Clark, Terracycle, and Medline which offer glove recycling programs. Corning also offers flexible package recycling programs.    Reduce Waste Reduce waste in the lab by only ordering and using exactly what you need. Talk to your colleagues to figure out what is the best way to go about reducing waste in the lab. Perhaps consolidating packaging by having shipments arrive later once they’re able to fill cargo more efficiently. To help you identify products that will cut down on waste, check out the My Green Lab ACT label database!    Decontaminate Waste Many plastics cannot be recycled unless they’ve been decontaminated. Having a process for decontamination can help more items get recycled. This process can be lengthy, costly, or time-consuming. For this reason, it’s important to do some research on exactly what is needed to maintain this operation.   REUZEit: The All-in-One Solution for Used and Surplus Lab Equipment Investing in laboratory equipment for your scientific research is a necessary cost, and we’re committed to providing you with options that you can fit into your budget. Money saved on one product can be used to finance another resource that is just as important to your progress. Whether you’re searching for innovative chemistry lab equipment or looking to replace broken lab equipment, REUZEit offers low-cost solutions that work as hard as you do. Browse the best surplus and gently used biotech and pharmaceutical equipment on the market! Check out our USA-based store or our European-based store to shop discount laboratory equipment.  

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