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Fleet · B2B · laptop rental for companies

Buy laptops back cheaply when contracts end, refurbish them and resell

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What they did

At the end of each contract Fleet buys the device back from the bank for a very small amount, refurbishes it and resells it on the secondary market.

In their words

How He Makes $40M/yr Renting Laptops for $50/Mo

Play from 15:35
15:25

HostIt's basically equipment financing. The equipment financing 100 MacBook Airs, and your client then goes out of business, how do they go actually physically get the MacBook Airs so they can make due on their collateral?

15:35

Sevan MarianWe are the supplier. We are the service provider. So so so the bank uh, I mean, doesn't, I mean, touch the device, no? Um and at the end of the contract, uh we we we we buy back to the bank ourselves, Fleet, buy back the computer for like a very small amount of money. So, then we get back the computer at the end of the contract. We refurbish the computer, and we resell it to the to the secondary market.

16:01

HostSo, if we looked at your balance sheet today, what dollars of inventory would you would we see you guys holding on your balance sheet that you haven't sold off to the bank? Is it in the millions?

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Tags: refurbish, secondary-market, residual-value, buyback