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
Last week we started a Store Closing Sale for a $50,000 cost kitchen gourmet gadget and gift store. No major appliances were involved. The store was a low volume store averaging a little less than $200 a day. During store preparation our Consultant asked the owner what she expected to do on opening day. She … Continued
We just started a Store Closing Retirement Sale for a very nice $208,000 cost gift store. A 5,000 piece pre-showing was used to start the sale. After the first day our Consultant emailed: “We had over 80 people lined up 15 minutes before we opened. I went out and talked to customers and answered questions … Continued
We just completed the successful liquidation of a very small low volume Play It Again Sports store. The inventory was sold down and short of fast turning profitable selling merchandise. We opened with a small Pre-Showing and sales opening day ran over $3,400. Gross sales ran 102% of inventory cost. Had the inventory not been … Continued
We recently helped a nine store outdoor gear and apparel chain close one of their stores. It was located in a large metropolitan area and had a starting inventory of $320,000. A 10,000 piece pre-showing was used to start the sale. First days sales ran just a few dollars short of $80,000. Management then decided … Continued