Advice for closing small business and need to liquidate inventory

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Jul 1st, 2018 9:56 am

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Jun 26th, 2018 10:06 am

AmrinK003240 [OP]: Newbie; Apr 22, 2017; 19 posts

Jun 26th, 2018 10:06 am

Advice for closing small business and need to liquidate inventory

Hey guys,
I am just looking for some advice that i had electronic’s business in Toronto area and now i closed it and moved to Ottawa. I have the the inventory of electonics like phone cases,chargers, tempered glass,phone mount,car chargers,dash camera and many more stuff like retail for $70000 and i need to get rid off. Do u guys have any suggestions what is best possible way to do that or anyone know of liquidation company. I really appreciate some good advices

6 replies

Jun 26th, 2018 10:24 am

eonibm: Deal Expert; Aug 2, 2010; 15196 posts; 4992 upvotes; Here 'n There

Jun 26th, 2018 10:24 am

The most interested party would be another retailer selling the same merchandise and there sure are enough of them around. Why don't you canvas them? You are going to have to sell the inventory at a severe discount, but going through a middleman liquidation company is going to cost you even more.

+1

Jun 28th, 2018 10:59 am

tmkf_patryk: Penalty Box; Dec 27, 2007; 4399 posts; 1691 upvotes; Edmonton

Jun 28th, 2018 10:59 am

Auction

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Jun 29th, 2018 9:33 pm

ROYinTO: Deal Fanatic; Dec 12, 2009; 5547 posts; 3044 upvotes; Toronto

Jun 29th, 2018 9:33 pm

http://www.danburyauctions.com/

Jun 30th, 2018 9:29 pm

eonibm: Deal Expert; Aug 2, 2010; 15196 posts; 4992 upvotes; Here 'n There

Jun 30th, 2018 9:29 pm

Auctions is the worst way to liquidate this inventory.

Jul 1st, 2018 9:56 am

albertaguy: Member; Jun 25, 2011; 336 posts; 116 upvotes; Alberta

Jul 1st, 2018 9:56 am

Probably sell it on Kijiji at some marked discount. The main problem I see with goods like you are they are very seasonal. The phone design changes and whole inventory becomes obsolete. I have seen London Drugs marking down stuff like that but I have not seen them marking it too low though. Another option will be to list it on sale at eBay or Amazon.

Jul 2nd, 2018 2:07 am

deepfriedsalmon: Newbie; Jul 1, 2018; 38 posts; 11 upvotes

Jul 2nd, 2018 2:07 am

What do you have for sale? Some of us might be interested in your inventory. If it is generic, it will be difficult to sell, as getting inventory is relatively easy.

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