Selling Store Fixtures And Business Equipment For Maximum Profit At A Retail Store Going out of business Closing Sale
When a retailer decides that the store is closing, one of the first and biggest concerns that he or she has after selling the merchandise is selling the used fixtures and equipment.
How to get rid of these is a dilemma for many retailers that have decided to have a retail store closing sale, but it doesn’t have to be.
There are also ways to maximize profit on selling store fixtures and business equipment during a closing sale, just as there are ways to maximize profit on the remaining inventory that also must be sold.
There are several methods that can be utilized to make sure that the fixtures and equipment sell just as well as the inventory.
Going out of business sale or selling a retail store involves sale of business/store fixtures, used retail equipment and knowing where or how to do it.
The Most Profitable and Professional Way To Close Down A Store Business
I understand that you may be concerned about what to do with your store right now if you’ve been affected with shutdown, more customers buying online, employee layoffs, and more because of the pandemic. Or thinking of having a Retirement Sale.
As a retail business liquidation consultant, I help my clients make sure all CDC guidelines are implemented including sanitization and social distancing to keep your customers safe, and also ensure a successful and very profitable closing store sale by following proven steps and procedures to close a business.
In fact, I have a client RIGHT NOW who I have helped and assisted in very successfully navigating a store closing down liquidation sale during the pandemic – generated 65% of his annual sales volume over the course of several weeks!
Scroll down a little to see the video of that going out of business sale.
Is your business is going under – it’s time to Stop it Bleeding.
Taking a struggling store through “just one more season” can put you in a much worse position than acting as soon as you know that it is time to liquidate and move on.
With the independent retail market climate becoming more and more challenging – it means more debts piling up for you every day.
We also need to remember that your competitors around may be thinking about exit too, so no prizes for guessing who moves to the next in life with more cash.
Like it is for everything else, TIMING IS CRITICAL.
(Takes 3-4 mins to fill the contact form. All Communications are 100% Confidential).
Retail Sales PRO started with a simple mission: To help independent retailers of all sizes convert inventory and assets to fast cash and be able to walk away with their heads held high.
Get 175% or More Returns from a Going Out of Business/Retirement Sale. (At least that’s been my track record over almost two decades).
6 Weeks or Less to run. Generated over $50,000,000 in Store Closing Sales.
However, these methods must be used correctly and the retailer must understand their functions in order to make the most of them.
The main problem that retailers run into, however, is disillusionment.
In other words, they believe that their fixtures are worth much more than what they really are.
In some cases the retailer is expecting to get back the entire amount that they paid for them – and this is often not the case.
If the fixtures were bought brand new, they cannot be expected to sell for the same price used.
Even if the fixtures were purchased used, they have been in the retailer’s store for a period of time and have depreciated even further.
The retailer cannot realistically expect to get back what he or she paid for equipment and fixtures originally.
Once a retailer comes to the understanding, the retailer will also realize that there is still some money to be made if sold correctly.
Being realistic and setting a fair price for the fixtures, as well as being willing to negotiate, is very important when it comes to getting the fixtures sold.
Selling them for a fair price while also arranging for them to be available for the duration of the sale before they are moved to their new home is critical.
This flexibility is what a lot of retailers lack.
When they take this stance they suffer with low offers on their fixtures from very few people, or they refuse to come down to a lower price and so are stuck with the fixtures when the sale is over.
Many think that the merchandise has the biggest profits and lose the focus on the dollars that could be generated with the equipment and fixtures.
As upsetting as this is for a retailer, it can all be avoided by making sure that the largest number of people see that the fixtures are indeed for sale and for a reasonable price right from the start.
This will result in the highest and largest number of offers, which will greatly help the retailer sell his or her store fixtures quickly.
If receiving top dollar for the fixtures is important, advertising them effectively and negotiation is critical.
There are several ways to advertise store fixtures and equipment.
Naturally, local advertising is just as important as regional or wider advertising.
It’s not likely that someone is going to come from halfway across the country to buy your store’s fixtures, so you want to make sure that everyone around your local area knows that these are part of the sale.
There are many good ways to do that, including direct mailing and newspaper advertising.
Generally, anywhere the inventory and store closing sale is advertised, the fact that the fixtures and equipment are for sale should also be clearly mentioned.
This alone could be the reason someone decides to come into the store for the sale.
In addition to providing this information to local customers via newspaper advertising and direct mailing, savvy retailers that are trying to see strong profits on equipment and fixtures during a store closing sale would benefit from press releases and internet advertising.
These allow the retailer to showcase his or her store equipment and fixtures to a much wider audience and help the retailer to attain top dollar.
All the money in a retail store closing sale is most certainly not in the merchandise alone.
Big profit can come in the correct advertising and selling of the store fixtures and equipment right from the start of the sale.
Book Your FREE Private Consultation with me >> (Value $495)