Q&A – Frequently Asked Questions About Selling Closeouts And Liquidating:


Closeout and
	   Overstock Questions

Q: I am liquidating my brick and mortar retail store.  Can you help me?

A: Unfortunately we do not buy retail stores or boutiques. Since we are a wholesale liquidator with a wide distribution channel, our closeout business model requires that we buy larger sized inventories. We liquidate excess inventory from direct importers, manufacturers, 3PL warehouses, 3rd party logistics companies, Amazon sellers and wholesalers. Examples of some categories we purchase include closeout toys, excess stationery, overstock giftware, overstock home goods, hardware, overstock sporting goods, houseware closeouts, lawn & garden overstock, apparel and much more.

Q: I am closing my wholesale business and have excess inventory I need to liquidate.  How does the process work to get rid of my inventory?

A: 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, bankruptcy, discontinued inventory, abandoned inventory, need warehouse space, need cash, liquidate Amazon inventory, etc.

Q: When liquidating wholesale closeouts how much do you pay?

A: This is a tough question that doesn't have a straight-forward answer. What we can say is we will be offering less than 70% of regular wholesale, and in almost all cases we have to buy below your import cost. But if this is surplus inventory you need to sell and keep out of your everyday distribution channels, you should definitely call us and we will make you an offer. We are one of the most reputable and experienced wholesale liquidators in the industry and we have been buying closeouts since 1984.  But  keep in mind we are a wholesale liquidator so we must buy at an appropriate level for our discount market.  We sell to a deep discount market where closeouts and liquidations are very competitive.

Q: If I sell you my excess merchandise, how fast will you pay me?

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 merchandise and losing money on our transaction, so once your surplus 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: Rarely. We work with freight carriers throughout the country and almost 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. However, if you are liquidating Amazon inventories in various Amazon FBA warehouses we may make you an offer that includes shipping to our warehouse.

Q: What happens to my overstock merchandise once I liquidate?  What do you do with it?

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 off price 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.

Q: Can I list my excess inventory on your website?

A: No. All merchandise on our website has been purchased and is owned by Merchandise USA.  We are not a listing or referral service; we are a bonified buyer of your closeout, excess and overstock merchandise.  Our goal is to make a deal with you to purchase all of the inventory you need to liquidate so you no longer have to deal with it.  We then ship everything to our warehouse, pay you in full, and go about re-selling the discontinued inventory to our closeout customer base. We distribute our products throughout the United States, Canada, Central America, South America and Mexico.

Please feel free to call if you have additional questions regarding selling closeouts, liquidating overstock and disposing of excess inventory or discontinued merchandise (888) 757-0060.