
Hardware Store
Reported sales ran over $500,000 for a 128% return
This was a nice 20,000 sq ft well established ACE store. Sales had been declining for some time and the owner had been trying to sell it for 6 or… Read More
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This was a nice 20,000 sq ft well established ACE store. Sales had been declining for some time and the owner had been trying to sell it for 6 or… Read More
The store was not making enough to cover loans. After the sale started the owner was only in the store one week before taking a vacation and when… Read More
This was a long established ACE store with a $300,000 cost inventory. Another $30,000 in fast turning profitable selling merchandise was brought … Read More
This was a Pro Hardware store. The owner had lost his lease and waited too long before contacting us. We had 6 weeks to sell the inventory and th… Read More
This ACE store had a starting inventory of $210,000, including a lot of dated and obsolete merchandise. The first day of our Pre-Showing sales we… Read More
We felt that Wingate did a wonderful job in liquidating our inventory and helping getting rid of fixtures and equipment. This is the second time … Read More
This was a high volume True Value store that had lost its lease and had to close. The starting inventory was $180,000 and reported sales ran over… Read More
This was a 25 year old hardware store. We were told that starting inventory was $190,000 and that our sale did $236,000. A family member thanked … Read More
This was a small True Value hardware store. The owner had worked in the store six days a week for 45 years before he suddenly passed away. His … Read More
We are facing highly unusual times. Stores in many states, cities and counties have been forced to close, and the consumer has been encouraged to stay at home and only shop for necessary items. It now appears that things are beginning to break open, the consumer is starting to get out and retailers are going to have to aggressively go after every dollar they can get to cover lost sales.
The retail industry has lost their good spring selling season. Retailers are stuck with two seasons of merchandise. Now they must reopen with a strong sale and heavy advertising to generate customer traffic and raise a huge amount of cash. Out of season and over stocks need to be converted to cash while in season merchandise needs to be sold to make as much profit as possible. AND IT NEEDS TO BE DONE AS SOON AS POSSIBLE!