If you are planning to permanently close the doors of your local hardware due to considerable reduction in foot traffic, then Michaels Global Trading specialist can help you set up a hardware liquidation sale to get you some capital for your next venture.
We realize how much work goes into stocking a local hardware store, from identifying the right product mix for your regular customers to building sufficient inventory as per your community needs. And when you don’t get the necessary foot traffic to your store, then it means that you won’t be getting a good return on your investment.
As professional hardware store liquidators, we can help you recover some of your capital by selling off your business stock at a fair market value. Some of the items available for sale may include:
In most cases, any inventory that can be removed from the store is up for sale.
To have an organized hardware store liquidation process, we usually work out a few things with the client first, including:
Hardware liquidators usually take advantage of the media attention given to local stores that are going out of business. This causes shoppers to flood the store in search of great deals at great prices. Most shoppers are happy buying the items at a 20% discount from the actual market price.
But after some time, when all or nearly all good quality items are gone, the discount may be increased to between 30 and 40% to encourage sales. This continues until a discount of about 70 to 80% for ‘junk’ items is reached.
Any other items may be donated, recycled, or sold at a 90% discount for repurposing.
If you need to liquidate your business inventory quickly, our hardware liquidators will be ready to help you. We will assess all your items and give you the best possible value for your hardware inventory.