The threat of company liquidation can be very difficult to manage. Not only will you have financial concerns to occupy you, but you are likely to have an unhappy staff base and a list of creditors who are contacting you regularly to talk about payments. Don’t panic. Insolvency is only ever a last resort and you probably still have more options that you think you do. Take a step back and look at your business liquidation options, your expenses and your position. You may well find that there is another solution.

First step to avoid a company liquidation

One of the first steps in pulling yourself out of financial problems is to look over your current assets and identify any potential cash flow. If you are in possession of high cost items, such as property or vehicles, consider whether or not you can sell these items in order to release their monetary potential. In many cases you may be able to sell the physical property where your business is located but retain the lease from the new landlord, meaning that you don’t even have to relocate. If you own a fleet of cars or trucks, consider selling them and using hire vehicles temporarily. A smart decision of this kind could result in the release of enough cash to pay off some of your debts, allowing you to continue operating as a company.

Second step to prevent business liquidation

Similarly, if you currently have excess stock or products that have not yet been sold then you have a mountain of credit that is waiting to be realised.  All stock is worth something, so no matter how big or small your inventory, so consider selling it quickly and freeing up the money that is tied up in it. Try looking carefully at your balance sheets to identify the stock that is not making profit. Once you have sold this stock you can use the money to buy more successful, profitable stock that will help you avoid business liquidation.

Sell stock in wholesale quantities to avoid a business liquidation

You can often sell stock wholesale or in smaller quantities. For an idea of how much your stock might be worth try contacting a professional excess stock seller. At Coorey and Co we are able to find buyers for all types and quantities of stock and we will do extensive market research to give you an idea of how much your goods are worth. Remember that once you go into company liquidation, control of your stock and other assets will be completely out of your hands, so start thinking about releasing the investment value sooner rather than later.

Once you have released some of the monetary value stored in your business assets, it is crucial that you use them correctly. Do plenty of research into the market that you are operating in and start to source new customers and suppliers. This will help you to spread your risk and avoid facing business liquidation once again if your precious contacts have become nervous and decide to terminate their relationship with you.

Crucially, if you find yourself in the unfortunate position of facing business liquidation you should certainly look into finding a professional Insolvency Practitioner who can help and advise you. They will be able to take a close look at your business and your accounts to give you targeted, personalised advice on how to proceed with your company liquidation.

Related articles:

Company Liquidation: are you sure you’ve tried everything else?

Business Liquidation tips

Several inventory holders spend a long time considering whether or not to take an offer on their excess stock. I can answer that dilemma very easily – take the offer. In my experience, any subsequent offers will only be for a lower value. It’s always tempting to hold out for a better price on your overstocks, but in most cases, the first offer will be the best that you are going to get. In fact, I have never seen a case in which the price of excess stock has risen over time, especially if you are simply allowing the overstocks to sit dormant in a warehouse.

If you don’t take the first excess stock offer, you normally have to   accept a lower price later for the overstocks

If you don’t take the first offer, I predict that you will end up accepting an even lower price at some point down the line for your overstocks.

As long as the first offer you receive is fair and reasonable, then you should certainly consider taking it. Retail managers are besieged by offers of low cost surplus stock, so competition is fierce, and from what I understand of this very particular marketplace, it’s only going to get fiercer. Remember to think about any additional costs you might incur in delivering the overstocks. Are there transport costs or handling costs for example? If there are, you will need to include these in your final negotiations.

Selling excess stock is tough

Many business owners will find that they do not get any offers at all on their surplus inventory, so refusing an offer in the hope that you will make more money in the long run can be a fool-hardy move.

There are several reasons why you might end up with surplus stock. Some of the more common cases I see are companies going into liquidation, poor ordering tactics, changes in fashion or over-manufacture. In most of these cases, the reason that the stock has become surplus is perfectly understandable and the goods themselves will still have a value. As long as the product is not damaged and is still useable, your excess stocks still have a value, even if it is not quite the same as the original market price.

It is unrealistic to expect to get the full original market price on any surplus inventory and overstocks

Once you have understood that concept the only remaining question is who you are going to sell the goods to and how much you are going to charge for the overstocks.

If you are having problems negotiating a deal on your excess stock, you can always try using a professional surplus stock seller like Correy & Co.  We have over 21 years of experience in researching markets and handling negotiations and we offer free consultations for selling overstocks.

I wanted to let you know about the wholesale stock tea parcel that I have. These overstocks have very high quality packaging!  Let me know if you would like to buy it. The stock is ex-Brisbane, Australia. This wholesale stock consists of tea bags, loose leaf tea, tea cubes and tea tins Here’s the wholesale stock tea images… All the wholesale stock details… Quantity: 31 pallets in total Quantity breakdown: Cubes - 1632 Cartons - 48 Cubes per carton – each cube has 20 teabags individually boxed. Sachets - 2388 Cartons - each carton is 12 Sachets x 50 Tea Bags Loose leaf tea 2788 Cartons - each carton is 2 Bags of 300g or 500g Tins - 388 Cartons – each carton is 2 tins of 300g or 500g Best before: Oct 2012 (there is also a letter extending the best before date of this wholesale stock by 2 years)

Here’s the breakdown by flavour:

• Organic Peppermint
• African Cocoa
• Japanese Sencha
• Hindu Chai
• Rooibos Caramel
• Ginger Peach
• Earl Grey Lavender
• Chamomile Flowers
• English Breakfast
• Red Berry
• Dragon Lili
• Dragon Pearl

Here’s some more photos of the wholesale stock tea

All tea flavours are available in boxes of 20 individually wrapped silk tea bags, packets of 50 tea bags or 500g Tins of loose leaf.  Also available is a variety box containing 20 individually wrapped tea bags containing 10 of the flavours.

This surplus stock tea parcel is a delight for any serious tea lover, and because of the premium quality packaging, they would appreciate the extra thought that has gone into this tea selection.

“T” is freshly sealed quality tea, when opened “T” delivers an aroma second to none.  From the minute you open the box and remove the silk bag you will notice the quality of the herbal infusion of loose-leaf tea!

Since this is a wholesale stock parcel of tea overstocks, of course the pricing is extremely attractive. Contact us to find out more about this excess inventory.

When you are considering a business liquidation or a company liquidation, it’s important to keep some tips in mind.  By making a mistake, you might be cutting yourself short and you won’t get the maximum value out of your company liquidation.

Sell your business liquidation stock early

The first bit of advice we would recommend is to sell your business liquidation stock early.  What tends to happen if you wait too long, is that the value of the stock diminishes and you will only get a very low price for your stock liquidation.  There are many reasons why you will only get a low price for your company liquidation.

Company liquidation stock is not as trustworthy as regular excess inventory

When a potential stock buyer looks at a stock liquidation parcel, they are genuinely concerned that they might not receive any after sale service.  They are also concerned that they are buying obsolete inventory that won’t work, won’t have any warranty and won’t be able to sell it to their customers.  That’s why stock buyers always offer a lower price for stock liquidation.

Learn more about stock buyers

Even if you only plan to sell your obsolete inventory just once, it’s important to know everything you can about potential liquidation stock buyers.  The world of obsolete inventory is a very different place from the real world of excess inventory, and you need to ensure that your business liquidation gets the best possible price.  Once you understand the market and how stock buyers work, then your company liquidation has the best chance of getting the highest value.  Find out what are the motives of potential stock buyers, and tailor your proposition in a way that will appeal to the people who could potentially buy your stock liquidation.

How to sell your company liquidation stock

Five quick tips to think about before a business liquidation include:

• Bulk sale through a business liquidation marketplace
• A stock buyer can buy the whole parcel in one hit!
• Sell direct to the consumers one product at a time (can be slow!)
• Closed door sales for invited stock buyers onle
• Work with a charity to get a fair price for your obsolete inventory

If you can’t sell your business liquidation stock…..

If you feel like you have tried everything and you still can’t get rid of your business liquidation or company liquidation stock, then get in contact with us, we’ve been doing this for over 20 years and can buy your whole parcel as a bulk lot.  It will save you shopping around with other stock buyers!

Here’s a short summary to help you sell your stock liquidation.

Many companies ask us to buy their liquidation stock and overstocks just before they are about to enter into a company liquidation. A lot of stock buyers are extremely cautious before purchasing any liquidation stock, and for good reasons too.  When you buy liquidation stock, you are taking many huge risks! Here are some of the common risks that occur with liquidated stock, and how to mitigate those risks.

The liquidation stock might be faulty

You might purchase liquidated stock from a company about to go into company liquidation, the surplus stock might be faulty and guess what, you are now stuck with this obsolete inventory.  So how do you mitigate against this particular risk?

The answer is simple. Use extreme caution. If it is possible, personally inspect the obsolete inventory to make sure it meets your stringent quality specifications. If it’s not possible to inspect the stock, you should ask for a significant discount to reduce your risk of making a bad decision.  If you only pay an extremely low price for the liquidation stock and it turns out to not be at the high quality level you expected, you might be able to find stock buyers at low prices who will take the surplus stock, warts and all.

The business won’t support you after a company liquidation

Yes it’s true. Once the business goes into company liquidation, you can almost be certain that they won’t be there to support you and hold your hand if anything goes wrong with the stock. That means you also need to have a great deal of caution to ensure that the products you are buying do not need any after sales support. Otherwise you won’t be able to support your customers if they have any post-purchase problems with the liquidation stock.

If you want to buy or sell liquidation stock, get in contact

We have had over 20 years of buying and selling liquidation stock from our Sydney office.  If you have any liquidation stock or company liquidation enquiries, please let us know and we will help you the best way possible.

Related articles:

Company liquidation? Here’s what you should do first

Common mistakes people make with company liquidations

Everyone is naturally concerned about out of date food, and of course you want to have the best quality food for your family.  Although, to save money, many people often turn to out of date food that is perfectly safe and fine to eat, and doesn’t cause any harm to your precious family.

Here’s some good tips about what those out of date food labels really mean, and whether your best before, or use by date needs to be carefully adhered to, or is just a guide for your wellbeing.

The best before and use by labels are meant to tell supermarkets and retailers how long is the best period to keep items on shelves. According to the Department of Agriculture in the USA, these are NOT safety dates, they are actually only estimates of when the product is best suitable to eat.

So what does this mean for your decision to eat or not eat for out of date food?

The most important label is “Use By,” which provides the best clue for freshness. If the use by date is expired, then throw that out of date food away immediately! Don’t delay one minute! Once that food is use by expired, it’s unsafe for you to eat and we certainly don’t want you to have any adverse health effects!

Out of date food labelling is not even mandatory in all USA states!

The only out of date mandatory labelling in the USA is for baby food and infant formula. For all other products it is optional in some USA states. Sometimes you just have to use your senses to get the best feel for whether food is safe to eat or not.  (Well, that’s what they did in the old days at least….) If you store your food carefully, you can make the food last for weeks after purchase and still be safe to eat.

If you want to buy or sell out of date food – get in touch!

We buy and sell out of date food every day.  We always ensure that it is safe to eat, and a lot of the time the food is actually still in date, but it is short dated food. Let us know if you have bulk out of date food for us to buy from you, or if you want to purchase out of date food from our extensive range.

When you are considering business liquidation or company liquidation, there are so many things going through your mind.  You are probably worried about being able to pay your employees and suppliers, and wondering if there will be enough money to go around to pay all of the stakeholders in the business, the creditors and the shareholders.  Generally speaking, there normally isn’t enough funds to go around to pay everyone, so the business liquidation expert will need to do their job and divide the money equally amongst all affected stakeholders.

Business Liquidation specialists slammed by ASIC

ASIC looked into business liquidation practices in 2012 and found that 47% of Declarations of Independence were inadequate, 23 external administrations required corrective action and 169 company liquidation projects completed without lodging a 533 review report.

Does poor bookkeeping hurt a business liquidation?

Many owners of a company are very worried that they haven’t kept their accounting and business books in correct order prior to a company liquidation.  This can be a big problem if ASIC performs a review and the books are not well kept.  It is always recommended to keep your books in perfect order as a good business practice, because when the business liquidation comes, you will get found out.

Who to appoint for your company liquidation?

Before 2010, it was painful to appoint a liquidator to perform the business liquidation.  Nowadays, in Australia, an administrator can be appointed in a few hours, so the process is no longer as bad as it used to be.

What does this mean for you when completing your company liquidation?

When you are considering a business liquidation, of course you should first seek professional advice.  But just keep the above points in mind as well.  If you have a lot of surplus stock and want to sell it before the company liquidation, get in touch with us and we can buy your liquidation stock.

If your business is considering going into company liquidation, then you firstly need to think about how you will go about selling your liquidation stock. One of the most fundamental mistakes businesses make is that they start a business liquidation without first selling their liquidated stock.

Company liquidation should be preceded by selling liquidation stock

What tends to happen once you have commenced your business liquidation, is that you will only get a ridiculously small amount of money for your liquidated stock.  It’s normally cents in the dollar, because any serious stock buyer will be highly concerned about their warranty period, the quality of the liquidated stock, the after sales support and all of the other factors that come into mind.  They would even be concerned about receiving the excess inventory once it’s been purchased, because there are a lot of cases where a company liquidation has occurred and the stock buyers don’t receive their product.

The simple answer is to sell your surplus stock before starting company liquidation

When you sell your surplus stock before a company liquidation, what happens is that you tend to get a higher price, a faster sale and a much more pleasant experience.  When you wait until after the business liquidation has occurred, you get a lower price, a slower sale and a much harder experience. Buyers are very cautious about engaging with a company liquidation, and for obvious reasons, they would much rather purchase from a solvent business.

Coorey and Co. buys and sells company liquidation stock

From our Sydney office, we have had extensive experience buying and selling company liquidation stock well before the business liquidation takes place.  So don’t waste your time trying to sell it yourself or waiting until after the liquidation.  Sell your liquidated stock to us now and get the best possible price and the fastest possible sale.

Here’s some other related articles about company liquidation:

Things to do before you liquidate the company

Let’s face it, the cost of food is becoming ridiculous.  Savvy shoppers are now looking for ways to purchase food at lower prices, because the major supermarkets in Australia are far too expensive.  Out of date food is a new way for shoppers to save money on their food and beverage purchases.  Instead of paying full retail price, out of date food can be purchased at a substantial discount to the recommended retail price.

Out of date food is often still fine to eat!

A common mistake people make is to think that out of date food is not safe to eat.  This is a frequently found misconception in the marketplace.  There are now many websites that exclusively sell short dated food and out of date food, because consumers are looking for ways to save money on their grocery bills.  These online websites are actually becoming big businesses.  They include online food retailers, daily deals sites and online auction houses.  Many of our best wholesale stock customers actually buy their out of date food products from stock buyers like Coorey & Co.

There’s a difference between out of date food types.  There is food that is best before, which means that the food is still good after the best before date, but it might now be a different colour or have a funny odour, but the food is still perfectly fine to eat.  Then there is use by, which includes milk and meat and other products that need to be thrown out after the use by date, because they are not safe to eat.

We have been buying and selling bulk out of date food and drink for over 20 years

We are a large buyer of out of date food and drink.  We buy and sell in large quantities for low prices.  If you have any short dated food, or out of date food, get in contact with us.  If you would like to buy the food from us in bulk, also get in contact with us.

Related articles:

Here’s a previous blog post about out of date food

Why out of date food is still fine…

Most people throw away out of date food once it is past the use by date.  This is the logical thing to do, because obviously the food is not suitable to eat after the expiry date, right?  Wrong!

Here’s some interesting facts about out of date food for sale

1. Food labelling wasn’t introduced into the UK until 1980. Before that, people used to rely on the smell and other senses to work out if it was out of date food

2. British households throw away 8.3 million tons of out of date food each year.  It’s estimated that 5 million tons was still perfectly edible and the consumers were being overly cautious

3. There is a difference between ‘best before’ and ‘use by’ dates.  Best before means that the food isn’t actually harmful but it might not taste as well or it might look at little funny, but in most cases it is still ok to eat.  ’Use by’ is a completely different concept.  You need to be especially careful of food that has gone past the ‘use by’ date, because it might put your safety and health in danger! The UK food standards agency recommends to not eat any out of date food or drink after it’s use by date.

4. A UK newspaper journalist ran an experiment and was able to eat a lot of food that was up to two weeks past its best before date, and didn’t feel sick or have any adverse health issues after going through this process.  However, they recommended that pregnant women or young children do not try to eat any out of date food.

We buy your out of date food for sale

If you have out of date food for sale, in most cases we will buy it from you. Many of our customers are extremely interested in purchasing short dated food because the price is lower and it is still safe to eat most of the time.  So let us know about your food parcel and we are happy to look at making a purchase from you for the whole lot!

What authoritative sites say about company liquidation

ASIC is the Australian Securities and Investment Commission, and they handle the winding up and company liquidation process.  They recommend that you deregister the company through either the members voluntarily winding up, or applying to ASIC to voluntarily deregister the company.  They recommend that you seek independent professional advice first before making this decision.

Also, Thompson Reuters have a publication called “MacPherson’s law of company liquidation” which also provides sound authoritative advice.

Make sure you sell your liquidation stock before you enter company liquidation

A common mistake that a lot of businesses make is that they forget to sell their liquidated stock before their company liquidation.  This mistake can be fatal to the health of the business, because liquidation stock sells for only cents in the dollar once the company is insolvent.  Stock buyers are concerned that their warranties won’t be honoured, and they also worry about the quality of the stock.  That means that they will pay a lower price.

It’s a great idea to do whatever you can to sell your obsolete inventory early and for the highest price you can get.  There are a lot of ways you can do this.  Common ways to sell obsolete inventory include selling to auction houses, massive discount sales, VIP-only deals, daily deal sites, charities, discount retailers and wholesalers.

Contact us before you go into company liqudation

If you feel that you have tried everything and still can’t clear your liquidation stock, get in touch with us and we will help you sell your obsolete inventory before you enter company liquidation.  Using a stock buyer like Coorey & Co. will ensure that you get the fastest sale and the highest price for your stock.

Overstocks of 19,500 Greeting cards and 5,955 gift tags

• Various designs – General , Wedding , Couples , Thanks , Valentine , New Baby , Kids , Baby , Age
• Most of the Greeting card overstocks are flat packed , not folded , but card is creased ready to fold.
• Cards present well , with glitter on front and some with Diamante’s  attached
• No envelopes included -  we can supply envelopes if required.
• All overstocked cards are bar-coded and currently retails at a major retailer at $5.95 ( with envelope)
• Contact us to find out your special discounted price (it’s a huge discount from the RRP!)

If you are interested in purchasing these overstocks of greeting cards and gift tags, get in touch with us.

Wholesale stock – 47,000 units of Children’s fairies, bed sheets, toys, DVDs, hats

We have a great wholesale stock parcel available of children’s Fairy products. In summary there are 47,000  units with current retail value of $595,000 split between dolls and assorted  Miscellaneous items

Surplus stock of famous Australian paintings

Overstocked! 6,700 kg of diced cranberries and 2,400kg of diced blueberries.  Expiry date is April 2013.  We can’t publish the manufacturer or the pricing on this website so we can still maintain our client’s confidentiality, but we can certainly discuss it further once you get in contact with us.

Get in touch if this overstocked parcel of cranberries and blueberries is of any interest.

Obsolete inventory: Massive stationery parcel – sample images

Here’s a link to the stock on hand: http://dl.dropbox.com/u/14699651/Stockonhand.xls

Here’s a link to the images: http://dl.dropbox.com/u/14699651/officeline.zip

Let us know if you would like to buy this obsolete inventory!

Author: John Coorey
Managing Director

Excess inventory comes in all shapes and sizes. On the surface it seems like a good idea to minimise the amount of unsold stock as much as possible. In an ideal world you have nothing left over after your sales period, but in reality many vendors find themselves stuck with excess inventory that they struggle to sell. This can eat in to your bottom line and, if you are not careful, it can negate the valuable sales that you have made.

Unfortunately, contrary to instinct, too little excess inventory can be just as financially damaging as too much. If you make careful choices you can sell your leftover products for a reasonable return to minimise the amount of profit lost, but when you are dealing with very small quantities of products it can be hard to find stock buyers who are willing to pay any significant amount for your goods.

If you don’t have enough excess inventory, it’s hard to sell as an excess stock parcel

If you are left with a very small amount of excess inventory you may not be able to sell it at all, leaving you with a bigger loss than if you had a larger batch of product that you could sell at a small discount to a stock buyer. The worst-case scenario for most vendors is to be left with small quantities of several different types of items. Finding stock buyers for a pick-a-mix of different products is extremely tough and for most major retailers it will not be worth the effort of raising an order, entering the items into their system and processing the goods – even if you are selling at a very reasonable price. The products will simply be off the shelf too quickly to make the time commitment worthwhile.

Plan ahead to sell your excess inventory

Planning ahead can save you from this common problem and help you to identify whether or not you are likely to be left with a small amount of excess inventory. If you anticipate that you will not sell the entirety of your stock, act quickly and stop selling while you still have enough overstock to pass on to a professional stock buying company like Coorey & Co. We will buy all quantities of excess stock down to single pallets or cartons so you can minimise the hole in your profit caused by excess inventory.

Sell excess inventory fast using our service

If you have tried everything and still cannot sell your excess inventory, then it is probably a good idea to get in touch with us. We have been buying and selling surplus inventory for over 21 years from our Sydney warehouse. Sometimes we can buy your excess inventory straight away on the same day, and sometimes it takes a bit longer. It depends on what type of inventory surplus you have and the current state of the market.

If you have excess inventory, get in touch with us for a free consultation and we will give you a report on the state of the market. Call us on +61-2-9893 1899 or email to john@coorey.com to let us know more about your excess inventory.

Author: John Coorey
Managing Director

Company liquidation stock is stock left over from a company liquidation. If you are about to go into company liquidation, we can buy your company liquidation stock from you straight away. This will free up your cash flow and help pay your creditors.

Company liquidation stock for sale should be sold before the company is liquidated

The problem with company liquidation stock is that once the company becomes liquidated, you will only receive cents in the dollar for all of the excess stock that you have. You are far better putting your company liquidation stock for sale BEFORE the company is liquidated, so you get the highest possible price. I see companies make this mistake all the time. They leave the company liquidation stocks in the warehouse until it is too late.

Company liquidation stocks can still achieve a good price

We have been buying and selling different types of company liquidation stocks for over 20 years. We know exactly what you need to do to sell your company liquidation stock quickly and for the best possible price. After you get in touch with us, we will do three things. The first thing we will do is to check with the market and see what the market’s appetite is for your company liquidation stock. The second thing we will do is to then provide you with a report on the market and what we think the products will sell for. The third thing we will do is to then make you an offer to purchase the stock from you. You can let us know what your payment terms are, and we will adhere to your payment terms so that you can pay your creditors.

Contact us to sell your Company Liquidation stock

If you would like to sell your company liquidation stock to us, contact us and let us know your excess stock details.

Author: John Coorey
Managing Director

Related articles:

Here’s a summary of this company liquidation article in Slideshare format:

How to find out if your out of date food is safe to eat

The key to understanding which out of date foods are safe to eat and which are not is reading the details. There are two types of date warnings on food: ‘use by’ or ‘best before’. If food is marked with a ‘use by’ date then this means that it is perishable and will spoil, possibly becoming dangerous to consume after this date. Food that has passed its ‘use by’ date is not safe and should always be discarded even if it looks and smells normal.

Canned goods and less perishable goods will be marked with a ‘best before’ date. This indicates that the products are past their best but are perfectly safe to consume. There may be a slight change in taste or texture of the products and their nutritional content may be affected, but the ‘best before’ label is really an indication of quality and does not indicate that the food will be unsafe to eat after this time.

Check the best before date on your out of date food

All foods with a shelf life of less than two years must have a best before date on the label. Manufacturers tend to err on the side of caution when setting these dates. They want to make sure that consumers are not at risk and are tasting the product at its best.

When food retailers have products that have gone out of date they are often willing to sell them very cheaply. If selling items past their ‘best before’ date to the public, it is important that you make this very clear to the purchaser.

Contact us to sell your out of date food

Many bargain hunting shoppers will be happy to purchase out of date food at a discount price. If you have out of date food for sale and you would like some more information on how much you could sell it for contact Coorey & Co. We’ve got a great track record of finding buyers for out of date food stock and we’d be happy to help.

Author: John Coorey
Managing Director

Related articles:

Here’s some interesting facts about out of date food for sale

Surplus stock is a common problem. Almost every retail company will be left with excess stock items at some point during their trading years. At first glance this can seem like a serious problem. Unsold items will affect your profit margins and put a strain on your bottom line.

Luckily, there is no need to worry. There are plenty of ways to make money from your surplus stock and you could even end up turning it into profit.

Use surplus stock for special promotions

One way of using surplus stock is to put it to use to promote your current product lines by running a special promotion. Customers love nothing more than getting a great deal on their purchases, so giving them incentives to spend more in your store is a great way to boost profits. Typically, retailers will inform customers that they will be awarded a free gift if they spend over a certain amount. Make the amount reasonable and only slightly more than your average sale. As a result you will see a huge spike in takings that will counter out any loss from excess stock.

Deals of this nature also tend to have a viral factor to them, meaning that customers will feel so pleased with their free goods that they are likely to tell their friends, attracting yet more business to your site. You can help this process along by doing a bit of self promotion and contacting bloggers or websites that are specifically aimed at bargain hunters. Let them know about your special offer. These blogs are always looking for the latest promotions to keep their audience in the know so they will be happy to hear from you.

Surplus stock often gets great press coverage

If your special offer is really exciting and offers customers really extraordinary value you could generate some great press coverage for your brand and attract some valuable word of mouth advertising. Be careful not to run too many of these promotions though. You could end up devaluing your product in customer’s minds.

A further alternative is to contact one of your competitors or a business you know to see if they would be interested in a stock swap of some kind. For example, if you are a shoe business you could contact a clothing company to see if they would like some of your excess stock in return for clothing or accessories. You can either sell these items to your existing customers or you can offer them as added value items when they purchase goods from you. Doing the promotion this way will avoid the risk of devaluing your product.

Use Google to find online auction websites

If you are interested in attempting to directly sell your excess stock it may be worth researching dedicated online auction websites. There are plenty of these websites around and they are often buyers willing to buy your surplus stock in large quantities, although be aware that you are unlikely to make a return on your original investment using these services. They are also public facing, so you also risk alienating your current customers if they see your surplus stock for sale at very low prices.

If none of these options appeal to you and you are still looking for a method of selling your excess stocks you could try contacting an experienced stock buyer like Coorey & Co. With years of experience of selling surplus stock we can research the market on your behalf and get you the best price possible.

Author: John Coorey
Managing Director

Related posts:

Watch our video that shows you how to sell your surplus stock

Leaving these overstocked items sitting around cuts into company profits and takes up valuable storage space, so these goods will usually be sold on to a third party as quickly as possible. If you run your own company, buying overstocks can be a great way to get inventory.

Google can show you overstocked websites that sell overstocks

A quick Google search will yield several websites that are specifically dedicated to selling overstocked products at good value prices, although many of these websites include discounted items of all kinds and are not usually exclusive to excess inventory. These websites also take a profit from sales made through their website meaning that prices are slightly higher than you might find elsewhere. eBay can also be a great place to start your search and many sellers will bundle goods together in large quantities, although competition from other buyers tends to be fierce.

For a more cost-effective solution it’s a great idea to keep an eye out for local shops and retailers who are going out of business. Politely enquiring about their excess stock can be very fruitful and this will also save you money on shipping. Similarly, if you hear of any competitors who are holding large product promotions this may well indicate that they are trying to get rid of overstocked items. Approaching them to ask about purchasing a large batch of products at a discounted price may be well received.

Contact us to buy our overstocks

If you’ve tried all of these options and you’re still looking for competitively priced overstocks you could try getting in contact with a dedicated overstocks seller such as Coorey & Co. We are professional buyers who regularly deal with overstocked items and we are able to source most goods at very reasonable prices.

Author: John Coorey
Managing Director

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Overstocked goods can be a real headache for many business owners, but some types of products are more prone to becoming obsolete inventory than others. So what are the most common overstocks and why are they so prone to being left on the stockroom floor?

Out of date food is the most common form of overstocks

Out of date food is one of the most common types of goods to be sold at a reduced rate after becoming obsolete inventory. The problem with food such as canned goods is that it has a limited lifespan and comes with a ‘best before’ date as standard. As a result, if orders are slow or demand falls the retailer is left with out of date food that is no longer desirable to supermarkets or grocery stores. However, out of date food is not unsafe to consume. If a product passes its ‘best before’ date rather than its ‘use by’ date it simply means that the product has decreased in quality slightly. Nutritional values may be affected but there is no danger in eating the products. Out of date food which has passed its ‘best before’ date does not need to be destroyed and can still be sold, usually at a reduced price.

The clothing trade is also prone to getting tied up with overstocked products. This is the reason behind the frequent seasonal sales that you will find on the high street several times a year. Fashions change quickly and shops are keen to supply shoppers with the most up to date range, so anything that is deemed ‘last season’ will be classified as overstocks. Changing weather also encourages shops to rotate their stock frequently so most obsolete inventory is sold off in late autumn and late spring.

The electrical industry often suffers from overstocks

Another industry that is heavily prone to the problem of overstocks is the electrical industry. Technological innovation is at an all time high and retailers are struggling to keep up with demand. Sadly, that often means that products go out of date very quickly. In a similar way to the clothing industry, electrical manufacturers and retailers are subject to changing fashions and will frequently be left with obsolete inventory when a new product replaces an existing one. Although they still work perfectly, these products can decrease dramatically in value within weeks.

Actually, any retailer can suffer from overstocks

Overstocks come in all shapes and sizes and any retailer can be left with excess product that they struggle to sell on. If you find yourself in this situation there are several ways to find stock buyers who can help to ease the financial burden. Discount retailers, wholesalers, deals websites and offline auctions are all possibilities. You can also contact a dedicated stock buying company such as Coorey & Co. We’re always happy to talk you through your options and help you find the best price for your overstocked goods.

Author: John Coorey
Managing Director

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Click here for more information about how to use special offers for overstocks and overstocked items.

Koala is a registered brand of Coorey & Co.

Koala Shower Shine is a shower cleaning product that makes it easy for you to keep your shower clean.

Koala Shower Shine – Shower Cleaning product

Prevents build up of mould, soap scum and calcium deposits. No harsh fumes, No chlorine or bleach. No Acids. Shower Shines special formulation needs only to be sprayed onto wet screens and tiles to be effective. No need to wipe. Your walls will be rinsed with your next shower. Shower Shine is especially effective on the removal of the hard to clean ‘haze’ build up on shower screens. The best shower cleaning product you will ever see!

Shower Shine is also excellent for:

• cleaning baths
• benches
• taps
• basins

Shower Shine works safely on shower surfaces including:

• tile
• fibreglass
• chrome
• plastic shower curtains
• glass shower doors
• aluminium
• rubber
• porcelain

Just spray on, Shower Shine will do the rest!

You can purchase Shower Shine from the Reject Shop all over Australia. If you would like to distribute the Koala Shower Shine shower cleaning product on an ongoing basis, contact us for more information.

Author: John Coorey
Managing Director

Surplus stock can result from a number of situations: the company over-ordered, the company was sold or is going out of business, too many units were manufactured, the market for the product changed resulting in a drop in demand, or someone overestimated the popularity of the item. If you are convinced that the reason for the overage will not compromise your ability to sell it, you are on your way.

When you try to sell surplus stock to the marketplace, you already realize that you will not get your full asking price. So then it becomes a matter of how you sell the surplus stock, who you sell it to and what price it goes for.

Your first surplus stock offer is normally the best one

In our experience, we find that the first offer you get is normally the highest. It sounds crazy, but we have never seen the price for surplus stock go up over time if you just sit on the excess inventory in your warehouse. Generally speaking, the offers get lower and you will end up with no choice but to accept a price that was lower than the first offer.

Remember to check all of the details

If the first offering price is fair in your estimation, jump on it. If you will incur additional expenses (shipping, handling, import/export taxes, etc.), that needs to be included into your negotiations. Sometimes the offer for your surplus stock might not be exactly what you were hoping for. If it is close enough, just take it and move on to other projects in your business. The time and effort you will spend trying to find another interested buyer normally does not result in higher prices.

If the transaction fits all of your needs, there is no point to waste time looking for a better deal. Grab it! The competition for surplus stock is fierce and getting more competitive every day. Retail buyers are inundated with surplus stock parcels, and take their offer when it comes. Sometimes opportunities only knock once. That is the rule, not the exception, in this business.

Sell your surplus stock fast with us

If you have been trying forever to sell your surplus stock, then it is probably a good idea to get in touch with us. We have been buying and selling surplus stock for over 21 years from our Sydney warehouse. We will discreetly approach the market, find out what the market price is and quite often we will make you an offer to buy your whole parcel on the spot.

If you have surplus stock, get in touch with us for a free consultation and we will give you a report on the state of the market. Call us on +61-2-9893 1899 or email to john@coorey.com

Author: John Coorey
Managing Director

Business Liquidation stock can be sold using promotions, but be careful!

A fast and effective way to get rid of excess stock is to run a promotion for your customers. You can offer goods on a 2 for 1 sale, offer limited time discounts or publicise an end of stock clearance. For many businesses this is an effective way to shift liquidation stock and release cash from your investments. However, some caution is needed when running a promotion of this nature and you need to be sure that you are fully informed about the possible drawbacks before you proceed.

For a start, the messaging around the promotion needs to be very carefully handled. You do not want to give your customers any indication that you are facing business liquidation or that you are attempting to sell off liquidation stock. This information should never be public facing. When setting up the promotion, choose your words carefully. Make the messaging positive and highlight the fact that this is a one off special offer to reward loyal customers.

It is also important to be very clear that this is a one time only offer. Special offers and promotions tend to do very well in the short term, but they can have a negative impact in the long run if hey are not handled correctly. If you run continuous and ongoing discounts to rid yourself of liquidation stock you risk alienating your loyal customer base. You may end up attracting customers who are looking for a quick deal and risk losing customers who are seeing quality and high standards. It is important to solidify the value of your product in their minds.

Online promotions can work, but they can also be risky!

This is particularly true of promotions that are run online. The internet is a very public forum it is likely that you will not be able to erase all trace of the special offer once it has ended, meaning that future customers may be aware that the goods were once sold at a lower price. This is likely to make them unwilling to pay full price for the products. Savvy customers will also be well aware that heavy discounting is often a sign of impending business liquidation and they may start to lose trust in your company.

For an example of this devaluing process at work think about the impact of discount restaurant vouchers on some businesses. Marketing teams come under immense pressure to come up with every more elaborate and enticing deals while diners refuse to pay full price. Eventually, the quality of the product declines to keep up with the low value. It is a slippery slope.

Professional stock buyers like Coorey & Co present a viable alternative to special promotions and offers when facing business liquidation. With a huge book of contacts and a wealth of experience in the field we are able to sell your stock discreetly so that this customer alienation does not happen. We can make sure that your stock sells at the highest price possible without your customers ever knowing.

Contact us to sell your Business Liquidation stock

If you have tried everything else and you are still left with business liquidation stock that you want to get rid off quickly, easily and with minimum fuss then contact stock buyers, Coorey & Co.

Author: John Coorey
Managing Director

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There are several different options for selling overstock. One popular option is using an online auction website. Be cautious – while this may seem like a great solution at first glance, there are some substantial drawbacks to using these services and you should take them into account before deciding how to proceed.

Excess stock sales on online auction sites attract high fees

The most common deterrent for potential vendors are the fees that online auction sites charge for listing your items. In return for connecting you with an audience of potential customers, they charge a large commission on each item sold. On top of this, they also may charge sellers an insertion fee. Essentially this is a fee that you pay for every product you list on the website. The most important thing to remember about this fee is that it is payable whether your items sell or not. As a result, if your products do not get snapped up first time around you could end up paying more than once. The insertion fee varies with different types of auctions and products.

Online auction sites have strong competition for excess stock

Aside from the standard fees, if you want to sell wholesale stock on online auction sites you may also run up against the problem of extreme competition. The best part about selling on auction sites is that you can reach customers around the world, the worst part is that you are up against fellow vendors from a similarly enormous user base. It is common to see goods being sold for just pennies in profit. When it comes to online auctions the supply tends to be greater than the demand.

You can put a reserve price on your surplus stock

In order to safeguard your cash return on wholesale stock, online auction sites do allow vendors to add a reserve price to their listings. This means that you can state the minimum price at which you will sell your products. Be warned though, there is a further fee for this service and you will still be liable to pay the insertion fee should your product fail to sell in the highly competitive marketplace.

Be careful: online auction sites will publicise your excess stock!

Another common problem for excess stock sellers is the highly public nature of auction sites. Be warned that these listings can and do appear in Google searches and this has been known to cause problems for existing business relationships.

Overall, selling your excess stock through an online auction site can work well, but you need to be sure that you are prepared to put in the time and effort to research the market and understand the fees involved. You also need to be aware that potential buyers often have a lot of questions and are likely to contact you requesting details of your products. Again, this is usually fairly straight forward to deal with but can be time consuming.

Sell excess stock fast using our service

If you have tried everything and still cannot sell your excess stock, then it is probably a good idea to get in touch with us. We have been buying and selling surplus stock for over 21 years from our Sydney warehouse. Sometimes we can buy your excess inventory straight away on the same day, and sometimes it takes a bit longer. It depends on what type of excess inventory you have and the current state of the market.

If you have excess stock, get in touch with us for a free consultation and we will give you a report on the state of the market. Call us on +61-2-9893 1899 or email to john@coorey.com to let us know more about your excess inventory.

Author: John Coorey
Managing Director

When you are trading in physical products, overstocks are an inevitable and often costly problem. Being left with overstocked inventory can eat into your predicted profit margins and negate the great sales that you have managed to achieve.

Overstocked promotions can help sell your overstocks

If you find yourself overstocked there are several things that you can do to help to ease this financial strain. One great and easy to implement idea is to use your overstocks to run a promotion. Running promotions can help you to shift your excess products, get some extra cash and even improve sales on your new range.

Stock promotions can be as simple as 2 for 1 offers on overstocked products. Limited time discounts also work well as it gives the buyer an incentive to purchase right now rather than going away to think about it. Based on the same principle you can also run a promotion by highlighting the fact that there are a limited number of stocks left.

Overstocks can be sold using social media

Stock promotions can be run in store but they also work really well online. Using your overstocks to run online promotions can be really useful for driving traffic and exposing your products to a new audience. Once you have set up a promotion you can use social media to let people know about it. There are several Twitter streams and Facebook pages dedicated to finding great deals and offers online so try contacting them and asking if they will let their members know about your special offer. The great benefit of this is that once customers are on your website they may well click around and see what else is available.

Overstocked items work well with direct sales

Another option is to use your overstocked items to directly promote your new range and boost sales. You could package the overstocks as free gifts alongside other items, which will give customers a sense of value. Again, making this a limited time offer usually creates a sense of urgency and improves uptake.

Promotions of this type should help you to shift your overstocked items efficiently. However, the chances are you may still be left with some overstocks after the offer runs out. If you have tried everything else and you are still left with excess inventory you can always contact a dedicated stock buying company like Coorey and Co who will buy the leftover items from you and help to further close the gap between cost of purchase and profit.

Contact us to sell your overstocked products

If you have overstocks would like to sell your overstocked products to us, contact us and let us know your excess stock details.

Author: John Coorey
Managing Director

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If your company is going into liquidation it is more than likely that you have been left with excess stock that you do not know what to do with. There is no need to panic. Bankrupt stock can actually be a huge advantage if you know how to sell it effectively. Selling bankrupt stock is much easier, faster and more cost-effective than most people think. Here are the four key steps to getting rid of excess stock:

Act fast

Don’t hang around. As soon as you know for sure that your company is going into liquidation begin making moves to sell the stock that you have remaining. By doing this, you will ensure that you are able to take control of negotiations over price. Stock that is sold after bankruptcy is much further out of your control and you may be forced to sell at an unreasonably low price. Many companies report receiving only cents on the dollar for bankrupt stock. If you sell prior to bankruptcy proceedings you also give yourself the best chance of being able to direct where the money should go. You will be able to pay off the debts that are most important to you and appease your most important creditors.

Take inventory of your bankrupt stock

It’s really important that you take a careful inventory of all of your stock before you consider selling. That way you will have a very clear picture of what you have to sell and how much you hope to achieve from it. This will help you when you negotiate prices. Remember all the stock that is currently on order. If you can include this in your sales negotiation you will add substantial value and avoid any wasted opportunities.

Make sure you sell your bankrupt stock to someone you trust

When considering the best buyer for your excess stock make sure that you find someone who has experience in the field. Experienced stock dealers will have a fantastic contact book full of potential buyers and will see the true value of your product. They will be able to research the current market on your behalf and give you an honest report on current sales values. The offer they make you should be based on this research. Ask questions. An honest buyer will be able to provide you with all the answers you need.

All bankrupt stock has value

No stock is worthless. If a product seems not to have value at first glance do not make the mistake of disregarding it completely. Great stock buyers will be able to think laterally. Even empty bottles and extra packaging have made money for companies going into bankruptcy before, so think creatively and try to get the cash out of as many of your assets as you can prior to liquidation.

Contact us to sell your bankrupt stock

Selling off your bankrupt stock can be very profitable if you approach it in the right way. Stay focused on getting as much cash for your stock as you can and make smart business choices that will help you to keep control of the companies assets and use them in the most positive way possible. If you would like to sell your bankrupt stock to us, contact us and let us know your excess stock details.

Author: John Coorey
Managing Director

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Here’s a good way to sell your excess stock

Excess inventory is something we all get stuck with from time to time. The obvious question to ask is: how do companies normally get stuck with excess inventory? The main reasons for excess or obsolete inventory are usually a cancelled order, an incorrect forecast, bad or no marketing, or sometimes the product just does not take off!

Quite often your customer will place a large order and for unbeknown reasons, they will cancel the order, leaving you with the stock. Other times, you might assume you will sell a large amount of stock and it turns out that the market will not buy it. Finally, your marketing might not have targeted the right buyers or it was too hard to get the product and price mix right.

Regardless of the reason, you now need to work out how to sell excess inventory. First I will touch on why too much inventory is not good for your business, and then I will share you my best tips on how to sell surplus inventory.

Too much inventory: Why is it a bad thing?

When you have too much inventory, your working capital is tied up and this means that you cannot allocate cash to other areas of your business that may need it. You might be missing out on opportunities to invest in new opportunities, which have higher profit margins and growth curves. The other problem with having too much inventory is that your focus is taken off your main business. You are consumed with trying to clear the excess inventory instead of working on the main business objective, making more sales of higher margin products. On the other hand, too little excess inventory can be a problem as well.

Obsolete inventory: How to clear it

If you have obsolete inventory, naturally you want to clear it as soon as possible. There are a few ways you can clear out your obsolete inventory quickly by doing it yourself:

Try a closed door sale. Let your best customers know that you are having a once off sale, outside of business hours, where the obsolete inventory will be available for sale at ridiculous prices, for a few hours only. A closed door sale can often work very well. You just need to ensure that you have a sizeable enough database

If you do not have a database of customers to promote a closed door sale to, what other type of business could you partner with to make the offer to their customer base? Joint ventures and host/beneficiary partnerships are a very powerful way to access a completely different set of customers.

It is important to document your excess inventory in a way that is easy for prospective buyers to understand. Whenever we sell excess inventory, we use a professional copywriter and graphic designer to format the inventory surplus in a way that is appealing for the potential buyer.

Sell excess inventory fast using our service

If you have tried everything and still cannot sell your excess inventory, then it is probably a good idea to get in touch with us. We have been buying and selling surplus inventory for over 20 years from our Sydney warehouse. Sometimes we can buy your excess inventory straight away on the same day, and sometimes it takes a bit longer. It depends on what type of inventory surplus you have and the current state of the market.

If you have excess inventory, get in touch with us for a free consultation and we will give you a report on the state of the market. Call us on +61-2-9893 1899 or 0411 430 047. You can also email to john@coorey.com to let us know more about your excess inventory.

Author: John Coorey
Managing Director

Surplus stock – Stationery box sets

Click here for more details

Contact us if you are interested in this surplus stock parcel.

What overstocks are available?

There are t-shirts, tops and bodies, jean shorts and jeans.

Click here for all the details

Contact us if you would like more information.

Author: John Coorey
Managing Director

The excess inventory includes sketchpads, Notepad Timber Pencil Boxes, Soft Pencil Cases, Pens, Eraser Photo Frames, Photo Albums, Boy and Girl designs.

This children’s stationery excess inventory has upmarket quality and presentation

Total Units 54,376 with current retail value $AUD268,286.  Your price is a significant discount on the recommended retail price, however we can’t display the discounted pricing on this website to preserve our client’s confidentiality!

Click here to see the excess inventory listing

Click here to download all of the images

Contact us for more information about this excess inventory parcel.

Author: John Coorey
Managing Director

Finding that your business is in debt is extremely stressful. Creditors are awaiting payment, buyers are asking questions and staff are restless. It may feel like company liquidation is the only possible solution, but bringing trading to a complete end should only ever be a last resort. You should only consider insolvency if you are sure that there are no other ways to secure some instant cash flow. There may well be other options that will help you to continue trading.

Company liquidation stock can be bought by professional stock buying companies

Take the time to sit down and look at your current financial position. Look at where you have been successful and where you have not and think about ways of altering your business plan. Identify any stock that is not providing you with a good profit and consider selling it on wholesale in order to free up some cash to help ease financial pressure in other areas. Professional stock buying companies such as Coorey & Co will be able to give you a fast quote on how much money you can expect to get for your products.

Can Company liquidation stocks actually be a good asset?

When facing financial problems your excess inventory can be a huge asset and if you make smart decisions you could use it to create enough cash flow to ease the threat of company liquidation. The key to using your excess inventory wisely is acting fast. Once your company has gone into liquidation control of stock will be out of your hands and you will not have a say in how much it sells for. It is wise to think ahead and free up your assets before that happens. Again, professional stock buying companies will be able to act fast to realise the potential of excess inventory. Whether you have a single pallet or an entire container, stock buyers can help you to get the cash out of your assets.

Once you have sold your stock and have some cash flow in the business you need to act cautiously to ensure that you use it in the best way possible to avoid company liquidation. Spread your risk by looking around for new customers and suppliers should your current contacts book let you down. Make a list of people who you could approach and do some research on what kinds of things they have been buying recently. Pick your products accordingly.

Or course, if you find yourself facing company liquidation you should consider taking professional insolvency advice early from a licensed Insolvency Practitioner. They will be able to study your business and advise you on your best course of action, but understanding your assets and how to turn them into cash flow is a great first step.

Contact us to sell your Company Liquidation stock

If you would like to sell your company liquidation stock to us, contact us and let us know your excess stock details.

Author: John Coorey
Managing Director

Related articles:

• Click on this link for tips to sell your excess inventory
• Bankrupt stock requires a different process to sell. How to sell your bankrupt stock
• If you are overstocked or have overstocks then this article can also help.
• Here’s some more reasons why you should sell your company liquidation stock before you become insolvent

If you prefer things in a summary format, we’ve summarised this company liquidation article as a Slideshare below.