Sell your excess stock to Coorey and Co

If you have stock that isn't moving, the quickest way to turn it into cash is usually to sell the lot to one buyer who knows where it can go. That's what we do. Coorey and Co has been buying and selling excess stock for over 30 years from our Sydney office in Parramatta. We buy the parcel ourselves, then resell it through our own network of retailers, discount chains, wholesalers, distributors, charities and overseas buyers.

Every now and again, consumer goods companies run into excess stock problems, often for reasons outside their control: cancelled orders, wrong packaging, a shift in market trends, a range that's been discontinued. It happens to good businesses. The trick is clearing it quickly without damaging the brand or the regular price of everything else you sell.

How do I sell my excess stock to you?

You send us the details, we find out what it's worth, and in most cases we make an offer for the whole parcel. Here's the process in full.

1. Send us the details. A stock list spreadsheet, photos, quantities, best-before or expiry dates and where the stock is.
2. We survey the market, discreetly. John speaks quietly with buyers who suit your type of stock to find out what it's worth right now. Your brand isn't broadcast to the market.
3. We make an offer. In most cases, it's an offer to buy all of it.
4. We agree the terms. Price, payment terms, any conditions on where the stock can be sold, and how it gets moved.
5. Collection or delivery. It depends on the parcel. We're happy to arrange collection, or you can deliver. We agree it per parcel.
6. You get paid as agreed. We send payment promptly, as per our agreed terms.

If buying the whole parcel isn't possible, we'll still give you our best advice on how to sell it.

What should I send you?

The more complete the information, the faster and firmer the offer. A good first email includes:

• A stock list spreadsheet with SKU or product code, description, quantity, and pack size or carton configuration
• Cost or RRP, if you're happy to share it
• Best-before, use-by or expiry dates for anything dated
• Photos of the product, the outer cartons and any labels
• Where the stock is, and whether it's on pallets
• Any conditions you need, such as no sales into certain retailers or regions
• Anything wrong with it, such as damaged packaging, a labelling error or a short date

Email it to john@coorey.com or call John on 0411 430 047. You don't need to tidy it up first. Your own system export is fine.

How is the offer worked out?

The offer comes from what buyers will actually pay for your stock now, not what it cost you. That's why John surveys the market before making an offer rather than quoting a figure off the top of his head.

The main things that move the price are:

There are a lot of reasons a buyer might pass on a line. One will say the market is lousy, another has no space left in your category, another likes it but their manager won't approve it. As John puts it: "In my thirty years of experience, I can safely say that I have seen everything (at least twice!)" That market knowledge is what goes into the offer. For more on the factors involved, read our guide on how much your stock is worth.

One honest piece of advice: if the first offer is fair, take it. Excess stock rarely goes up in value while it sits in a warehouse. In our experience, later offers are almost always lower.

How do you protect my brand?

We follow your rules on where and how the stock is sold. These are our four guarantees:

1. "We strictly follow your guidelines in relation to pricing and distribution locations."
2. "We send payment promptly, as per our agreed terms."
3. "We place a priority focus on clearing your stock."
4. "We speedily and discreetly convert your stock into cash at the highest possible price, without damaging your market position."

In practice, that means matching your stock to buyers whose customers don't overlap with yours. Major retailers, discount chains, overseas buyers, charities, wholesalers and distributors all buy for different reasons, and we structure the offer to suit the right one. If you need your stock kept out of a particular retailer, state or country, say so at the start. Our guide on protecting your brand when clearing stock goes into more detail.

What are my options for selling excess stock?

A stock buyer is not always the right answer. Here's an honest comparison.

For a wider view of the market, see who buys excess stock in Australia.

What kinds of stock do you buy?

We buy excess, surplus, overstocked, discontinued, short-dated and liquidation stock across most consumer goods. Over the years that has included food, soft drinks, confectionery, dried fruit, coffee and gravy, personal care, cosmetics, hair care, nappies, clothing, underwear, stockings, shoes and sandals, toys, licensed products, electrical products, batteries, paint, adhesive tapes, cleaning products, insecticides, gym products, sunglasses, paintings and plenty more.

A few jobs give a sense of the range:

• 37 semi-trailers of short-dated orange juice.
• 27 semi-trailers of a discontinued paint product.
• 19 containers of washing powder, bought in New Zealand and sold to Singapore without meeting the buyer or seller.
• A discontinued line of glass bottles, which we had filled with soft drink by a beverage company with spare capacity, then sold to a discount retailer.

Anything is possible!

Where do you buy stock from?

We buy from anywhere in Australia, from New Zealand and internationally, and we do it all the time. John works from Sydney by phone and email, so the stock doesn't need to be near us. Most deals are done on the strength of a stock list, photos and a phone call. See our pages for Sydney, Melbourne, Brisbane, Perth and Adelaide and New Zealand.

Do you work with administrators and liquidators?

Yes, regularly. We work closely with insolvency practitioners who need stock converted to cash quickly and cleanly, and they like working with us. See our page for administrators and liquidators.

Who is behind Coorey and Co?

John Coorey, our Managing Director. Before running Coorey and Co, John was Asia-Pacific Managing Director of a well-known battery manufacturer and held senior roles at a Big 4 accounting firm. He understands stock from the supplier's side of the table, and he knows what a write-down does to a balance sheet. Read more about us.

Ready to sell?

Send your stock list, photos, dates and location to john@coorey.com, or call John on 0411 430 047. You can also use the form below. He'll look at it, tell you straight whether it's something we can buy, and get back to you with what happens next.