In 2000, we held a highly successful Store Closing Sale for a small children’s shoe store. Starting inventory was approximately $100,000 at cost. The opening day sales of our Pre-Showing exceeded $10,000 and the sale was highly successful. The owner was well pleased. He continued to operate his other store in his home town until … Continued
Earlier this year we completed the liquidation of a lumber and hardware store established in 1950. When the owner was ready to retire, he started looking for help to close the store. He talked to his good friend who had closed his hardware store a couple years earlier. The friend told him he used Wingate … Continued
Another store owner in the area of the above store came to that store to observe our sale. He liked what he saw and signed an agreement with the Consultant to liquidate one of his four stores starting immediately upon the completion of the above sale. His sale started so well that two weeks into … Continued
Management of an 8 store farm supply company had moved one of their stores to a new location. Their merchandise team set only current merchandise and core sets in the new store. This left obsolete and shelf worn stock in every department in the old location. They planned to run a clearance sale themselves and … Continued
We recently completed the closing of an outdoor sports, clothing and camping store. Starting inventory was $550,000 at cost. The owners brought in an additional $25,000 in wanted merchandise shortly after the sale started and, near the end of the sale, transferred $5,000 in good merchandise to their other store. We used a ten thousand … Continued
We recently completed the liquidation of a small kitchen store (No major appliances) located in the far west. Starting inventory ran $75,000 at cost. Sales ran $116,807 in just four weeks! Plus, we sold fixtures for over $15,000!
In February, we completed the liquidation of a small $40,000 cost pet supply store. The owner purchased another $5,000 in merchandise and should have purchased a lot more. Prior to the sale the store was averaging about $1,000 per day. Opening day of our pre-showing sales ran $14,500! Reported gross sales ran $64,700 plus another $6,000 for … Continued
In mid-January we completed the closing of a $90,000 cost inventory hobby store. Upon our recommendation the owner purchased another $6,000 in good merchandise. (He should have purchased three times that amount!) Reported gross sales ran $108,450, plus fixture sales of over $9,800.
In April, we completed a Retirement/Quitting Business Sale for the owner of three Gold Crown Hallmark Stores. The sale opened on a cold, windy, snowy day in February. Due to severe weather many stores in these strip centers didn’t open that day. Even so, our Pre-Showing had customers waiting in the parking lot for our … Continued
We just completed the closing of a long established building materials, garden supply and hardware store located in a suburb of Washington, D.C. The owner had sold the free standing location and had to liquidate the inventory, fixtures and equipment as quickly as possible. In a letter to us, the owner commented: “Owning and managing … Continued