Liqudating

01-Jul-2016 16:18 by 5 Comments

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Later this can often be resold for as much as five times the purchase price on a wholesale basis, and as much as ten times on a direct-to-consumers retail basis.A good starting point for purchasing bargain inventory (at least until the business builds a reputation and contact base as a liquidator) is to establish alliances with trustees that deal in commercial bankruptcies.

However, if a company is sold rather than liquidated, both liquidation value and intangible assets are considered to determine the company's going-concern value.

The book value is the value of the asset as listed on the balance sheet.

The balance sheet lists assets at the historical cost, so the value of assets may be higher or lower than market prices.

Generally the trustee appointed will either arrange to auction off the inventory assets of clients, put out a tender, or offer to purchase the inventory, which usually goes to the highest bidder on a cash basis.

Reselling the inventory can be accomplished in a few ways including selling the inventory to retailers on a wholesale basis or selling the inventory in smaller quantities to other inventory liquidators.

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No Every year thousands of retail merchants and corporations across North America go out of business, move, reform, and amalgamate, and often this results in billions of dollars worth of stock and inventory becoming available at bargain basement prices.Always stay clear of products that have a limited shelf life, or that have special warehousing and transportation requirements.Once again, this is the type of business where the ability to profit will greatly depend on a number of factors such as sales volumes, markups, and product costs.The assets continue to have value, but due to a limited time frame, they must be sold at a loss to book value.Liquidation value does not include intangible assets.Finally, the salvage value is the value given to an asset at the end of its useful life; in other words, this is the scrap value.