I remember when a store chain, back in 2003, called Troutman’s closed the local location in my hometown of Chico, California after filing for chapter 11 bankruptcy. I was there on the very last day and bought the last of their inventory and dozens of retail fixtures. My purchase consisted of apparel at 95% of retail and dozens of apparel round racks. When you can purchase merchandise to resell for nickels on the dollar…your business will benefit tremendously.

Finding wholesale merchandise at liquidation sales and store closings represents a great way to increase the profits in your business. When shopping at a going out of business sale negotiate with the store management or owner requesting further discounts for quantity purchases. Keep in mind that the store you are buying from is probably trying to move as much inventory as possible so all offers should be fair game.

I routinely watch our local newspaper for liquidation sales and when I am driving around I pay particular attention to stores that have brightly colored (often neon colored) signs advising of a Store Closing. If you come across a a legitimate store closing sale be prepared to find merchandise for your business at incredible pricing.