The first rule of smart shopping is that, if you don't need it, it's not a bargain no matter what the price.Liquidation sales are a good way to convince yourself that a want is within reach, and therefore a need.
Industrial liquidation sales often involve the sellers reviewing offers and negotiating prices.Orderly Liquidations A liquidation sale is the process of selling the assets of a business (in an orderly fashion over a longer period of time to achieve higher values that are closer to market value).Liquidation sales are similar to store closings, when special companies come into a store to sell the remaining inventory.One interesting aspect of liquidation sales is that they often turn into auction sales.After the larger, more expensive items at an orderly liquidation, the smaller pieces of equipment and factory support items often are sold at auction.In general, if the company has assets that can be sold, the liquidator’s fee will be charged as a cost of the liquidation – payable out of the proceeds realised.
However, if there are no assets, then the liquidation costs must be paid in advance.
There are bound to be a large number of store liquidation sales this year, but you'd be smart to skip them.
Circuit City ( CC) recently announced it had hired liquidators to sell off its inventory.
Our unique service called Start Afresh uses the CVL process as a restructuring tool instead of a full closure tool.
Its fixed fee starts from £3,000, including VAT and disbursements. This is very popular with directors who are able to pay for liquidation without needing to sell any of the company’s assets.
You don't need it: If you heard about a liquidation sale where a company is selling some type of gadget and now you find yourself wanting one, you did exactly what the liquidator wanted you to do.