For Sale

Profitable Multi-Location Amazon Liquidation Business

Business Category: etc., General Merchandise Stores, Miscellaneous Retail, Retailing Businesses, Wholesale & Distribution Businesses
Location: Illinois

Listing Price:

$99,000


Revenue: $2,591,152
Cash Flow: $227,983

Real Estate Available: For Lease
Reason For Sale: The owner owns another unrelated business and no longer has time to grow this business.
Number of Employees: 10

This profitable merchandise liquidation opportunity has two locations in Metro Chicago. Each Friday, the Company puts out a semi-truck worth of Amazon and Target returns into bins around the store starting at $9 for all items. Each day thereafter, the price descends until all the products are gone. Products of all kinds are placed into the bins randomly, making the shopping experience a treasure hunt for customers.

This bin store business concept is attractive to customers as it provides a thrill of finding great deals on normally high-priced products. The Company’s customers consist of discount shoppers, thrift store shoppers, and those who re-sell products online. Each week there is a line of 50-70 people waiting outside the store, looking to find the best deals on high-quality products. Prices are based on the day of the week, not the item. The price of all items continually decreases with every passing day.

Although most of the sales are generated through its storefront a small portion is through the sale of full pallets of merchandise and eBay sales as well. There is an opportunity for a new owner to potentially increase sales via eBay and other online outlets.

Opportunities for Growth

(1) Increase eBay Sales: The Company sells both bulk products and higher-priced, specialty items on eBay. Further increasing the number of specialty products sold on eBay would be beneficial as it allows the Company to turn a higher profit on these items.

(2) Diversify Retail Sections: A great way to further increase the Company’s overall revenue would be to create a specific retail section for higher priced items and individually price them at a higher rate than the rest of the products sold in the store.

(3) Expand Web Presence: The Company has over 26,000 Facebook followers & 10,000 TikTok followers. Expanding into Twitter & an email database would be beneficial as well.

Investment Highlights

(1) Large Social Media Following: The Company boasts an impressive social media following with 20,000 followers on its Facebook page and 10,000 followers on its TikTok. The use of these social media channels drives people from as far as 150 miles away to shop at the liquidation store.

(2) Simple Business Concept: The bin store business concept is simple and not labor intensive.

(3) Rising in Popularity: According to a CNBC article, published in February 2022, the liquidation market has more than doubled since 2008 and reached a staggering $644 billion in 2020.

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