That’s well put and cogent, you must not have gone to business school. ;)
Comment on Tinkerers Are Taking Old Redbox Kiosks Home and Reverse Engineering Them
Takumidesh@lemmy.world 4 weeks agoI got downvoted for this before, but, when you sublet your property like this, you take on an inherent risk. This isn’t any different to a bad tenant, or an investment not panning out.
Any business who accepted these red boxes should have either a) established contingency with Redbox themselves or, failing that, b) established a contingency through their own means by keeping liquidity to handle disposal of the machine (or something like insurance)
Don’t feel sorry for these businesses, they took a calculated risk, likely made lots of money over the last decade, and now are faced with potentially needing to use some of that revenue to dispose of the machines. Any normal business keeps assets and liquidity available to cover expenses of doing business, the same way a landlord needs to use some rent money to clean up after a bad tenant, it’s part of their business model. If a business thought these machines would just live there forever and magically go away when they aren’t making money anymore, that’s their fault.
verity_kindle@sh.itjust.works 4 weeks ago
Prox@lemmy.world 4 weeks ago
Most likely, they simply thought the machines would live long enough to be the next guy’s problem.
Corkyskog@sh.itjust.works 4 weeks ago
These things happen more often than people assume. In these scenarios the asset usually has some value. So you need to contact the company, and send a certified letter stating “in x amount of time if this is not removed from the premises it will be disposed of” Then you just wait for no response and sell it or have someone take it for free.
This happens a lot with small trash companies that go out of business. In my experience there is a 50/50 chance that they or whoever bought their carcass will answer and claim the equipment.
Reverendender@sh.itjust.works 4 weeks ago
Or e-bikes