Q: I am liquidating my retail store can you tell me how the process works?
A: Unfortunately we do not buy out retail stores or boutiques. Since we are a wholesale liquidator with a wide distribution channel, our business model requires that we buy larger sized inventories. We liquidate excess inventory from direct importers, manufacturers, 3PL warehouses, 3rd party logistics companies, manufacturers, and wholesalers. Examples of some categories we purchase include closeout toys, stationery, giftware, home goods, hardware, sporting goods, houseware closeouts, lawn and garden products, apparel and much more.
Q: What if I am closing down my wholesale business or have warehouse closeouts? Then will you help us liquidate?
A: Absolutely. This is more in line with what we buy because you have wholesale quantities, and they are most likely large enough to meet our needs. There is no rule of thumb, but keep in mind we have both National and International distribution requiring us to purchase in large volume. Our vendors liquidate closeouts for many different reasons including: slow moving inventory, warehouse closing or moving, package changes, cash flow needs, excess merchandise, discontinued inventory, abandoned inventory, need warehouse space, etc.
Q: On wholesale closeouts what percentage of my original prices do you pay?
A: Tough question that doesn't have a straight-forward answer. What we can say is we will be offering less than 60% of wholesale, and in almost all cases we have to buy below your cost. But if this is surplus inventory you need to sell and keep out of your everyday distribution channels, you should definitely call us for an offer today. We are one of the most reputable and experienced wholesale liquidators in the industry. Just keep in mind we are a wholesale liquidator so we must buy at an appropriate level for our market.
Q: If I sell you my excess merchandise, how fast will I get paid?
A: Lightning fast. Terms on all of our P.O.s are Net 10 days because we keep enough cash on hand to pay you, regardless of how well our business may or may not be doing. That means you will never hear us say "We're running a little slow because business is off", or "We hope you will understand we are paying late because blah, blah, blah". We understand you are likely liquidating and losing money on our transaction, so once your inventory is received and checked into our warehouse you get paid in full. Within 10 days. As promised. Period.
Q: I am already liquidating my warehouse at a loss, do I have to pay the shipping costs too?
A: Never. We work with freight carriers throughout the country and we always handle our own shipping. Give us at least 48 hours notice with details on our shipment (total pallets, pickup address, contact information, etc) and we will make all of the arrangements around your schedule.
Q: Where can I expect my inventory will be re-sold?
A: We have been buying wholesale closeouts for more than 30 years. Fortunately, over time, we have built a large network of customers who buy excess inventory and liquidations. These consist of independent surplus outlets and regional chains both in and out of the United States, and in most cases they are retailers in a secondary market outside of your normal customer base. We believe we do an excellent job of distributing products in a way that will not hurt you, or interfere with your everyday distribution channels.
Please feel free to call if you have additional questions regarding selling closeouts, overstock and excess inventory (773) 579-0600.