Twollow
  • Tech
    Video Editing Services

    Video Editing Services: A Comprehensive Overview and Guide

    ATS Software

    ATS Software & How it Works

    Tips for Working with Your Web Designer

    7 Great Tips for Working with Your Web Designer

    Virtual Event Software

    Virtual Event Software: What Is It and How Does It Work?

    How Many Questions Can You Ask Chatgpt In An Hour

    How Many Questions Can You Ask Chatgpt In An Hour

    How To Block Mind-Reading Technology

    How To Block Mind-Reading Technology – A Detailed Guide

    IoT Devices

    IoT Devices: Communication Is Key, but How?

    Applying AI and ML in the Manufacturing Industry

    A Comprehensive Guide to Applying AI and ML in the Manufacturing Industry

    Breathe New Life into Your MacBook

    Breathe New Life into Your MacBook Pro With Battery Replacement

  • Apps
    Food Delivery Apps

    Why White-Label Food Delivery Apps Are Best To Start in 2023

    Why Should You Buy Views for Instagram

    Why Should You Buy Views for Instagram | Top Advantages

    News Mobile App

    Best Practices For Creating Engaging News Mobile App

    app development

    InsiderTech No:1 Web Application Development

    Efficient Hosting Solutions

    Why Businesses Should Use Highly Efficient Hosting Solutions for Their Sites

    How To Build Android Apps With Node JS Using Android JS

    How To Build Android Apps With Node JS Using Android JS

    Is Powerapps Service The Future Of App Development?

    How To Make Night In Little Alchemy

    How To Make Night In Little Alchemy?

    How To Make Light In Little Alchemy

    How To Make Light In Little Alchemy?

  • How To
    How to Uninstall Easytune

    How to Uninstall Easytune

    How To Import GTA Vice City Save To IOS

    How To Import GTA Vice City Save To IOS

    unit trusts

    How to Invest in Singapore Unit Trusts

    How To Unlock All Gun Skins in free Fire With Lulubox

    How To Unlock All Gun Skins in free Fire With Lulubox

    solar panels

    Common Solar Panel Concerns and How to Deal With Them

    imei number

    How to Check IMEI Number?

    bong

    How do you manufacture a bong?

    Central heating

    DIY Guide: How To Install A Designer Radiator

    website

    Things That Might Be Wrong With Your Website And How To Fix Them

  • Business
    • All
    • Finance
    What Is Payroll Software And What Are Its Benefits

    What Is Payroll Software And What Are Its Benefits?

    How Customer Reviews Affect Your Brand Reputation

    How Customer Reviews Affect Your Brand Reputation

    How to Qualify for an FHA Loan

    How to Qualify for an FHA Loan: Wondering If You’re Eligible for an FHA Loan?

    Ways to Level Up Your Financial Literacy

    Excellent Ways to Level Up Your Financial Literacy

    Investing In Gold

    Investing In Gold: What Lies Ahead?

    Does A Car Accident Affect Motorcycle Insurance & Vice Versa?

    Does A Car Accident Affect Motorcycle Insurance & Vice Versa?

    CRM Mistakes Businesses Make And How To Avoid Them

    5 CRM Mistakes Businesses Make And How To Avoid Them

    Business Benefits Of Learning a New Language

    The Business Benefits Of Learning a New Language

    job change

    What are the Mistakes that you should avoid when making a career change

  • Marketing
    Why is Conversion Rate Optimization Important

    Why is Conversion Rate Optimization Important?

    Positives and Negatives of Outsourcing Your Marketing

    The Positives and Negatives of Outsourcing Your Marketing

    Top 10 online marketplaces in 2023

    Top 10 online marketplaces in 2023: a guide to leading ecommerce platforms

    Tips for Creating an Effective Website

    Business Websites: 8 Tips for Creating an Effective Website

    Importance of Branding in the Health Industry

    The Importance of Branding in the Health Industry

    What is an SMM Panel

    What is an SMM Panel: A Comprehensive Guide for Beginners and the Right Time to Buy an SMM Panel

    Importance of Time to Market on Product Development

    Importance of Time to Market on Product Development

    Local SEO Tips for Struggling Businesses

    Eight Local SEO Tips for Struggling Businesses

    SMM panels to enhance your social media strategy

    Best practices for using SMM panels to enhance your social media strategy

  • General
    How to Save Money On Road Trips

    Tips for How to Save Money On Road Trips

    Best Maids Services Near Me

    Get Your Home Spotless with the Best Maids Services Near Me

    Flight Training

    Flight Training 101: Everything You Need to Know

    Punching Bag Online For Boxing

    Buying The Perfect Punching Bag Online For Boxing -Tips And Suggestions

    decorate outdoor

    5 Outdoor Decorating Trends That Are Shaping 2023

    How Long After A Vasectomy Can I Drive A Car

    How Long After A Vasectomy Can I Drive A Car

    Preparing For Your First Client Meeting

    10 Tips On Preparing For Your First Client Meeting

    Damon Salvatore Rule 34

    Damon Salvatore Rule 34: Everything You Need To Know 

    Online Radio Proxy

    Use An Online Radio Proxy To Listen Anywhere In The World

  • Reviews
    Development of Cryptocurrency

    A Crypto.com Overview

    Ophthalmology eyesight examination

    Red Light Therapy Devices for Eyes: Where to Buy

    text to speech

    Best Text to Speech Converters Reviewed

    air purifier

    Where Can You Find the Best Air Cleaner Pro Reviews?

    How to Choose a Cheap Hosting

    Liquid Web Reviews: A Look At A Reliable Hosting Company

    Ionic Training

    Get Ionic Training and Improve Your Career Options

    Learning Experience

    Salesforce DX myTrailhead to Customize the Learning Experience

    Best Web Hosting Services

    10 Best Web Hosting Services 2018

    Honey Chrome Extension Review

    Honey Chrome Extension Review – Is It Scam Or Real?

  • Featured
No Result
View All Result
  • Tech
    Video Editing Services

    Video Editing Services: A Comprehensive Overview and Guide

    ATS Software

    ATS Software & How it Works

    Tips for Working with Your Web Designer

    7 Great Tips for Working with Your Web Designer

    Virtual Event Software

    Virtual Event Software: What Is It and How Does It Work?

    How Many Questions Can You Ask Chatgpt In An Hour

    How Many Questions Can You Ask Chatgpt In An Hour

    How To Block Mind-Reading Technology

    How To Block Mind-Reading Technology – A Detailed Guide

    IoT Devices

    IoT Devices: Communication Is Key, but How?

    Applying AI and ML in the Manufacturing Industry

    A Comprehensive Guide to Applying AI and ML in the Manufacturing Industry

    Breathe New Life into Your MacBook

    Breathe New Life into Your MacBook Pro With Battery Replacement

  • Apps
    Food Delivery Apps

    Why White-Label Food Delivery Apps Are Best To Start in 2023

    Why Should You Buy Views for Instagram

    Why Should You Buy Views for Instagram | Top Advantages

    News Mobile App

    Best Practices For Creating Engaging News Mobile App

    app development

    InsiderTech No:1 Web Application Development

    Efficient Hosting Solutions

    Why Businesses Should Use Highly Efficient Hosting Solutions for Their Sites

    How To Build Android Apps With Node JS Using Android JS

    How To Build Android Apps With Node JS Using Android JS

    Is Powerapps Service The Future Of App Development?

    How To Make Night In Little Alchemy

    How To Make Night In Little Alchemy?

    How To Make Light In Little Alchemy

    How To Make Light In Little Alchemy?

  • How To
    How to Uninstall Easytune

    How to Uninstall Easytune

    How To Import GTA Vice City Save To IOS

    How To Import GTA Vice City Save To IOS

    unit trusts

    How to Invest in Singapore Unit Trusts

    How To Unlock All Gun Skins in free Fire With Lulubox

    How To Unlock All Gun Skins in free Fire With Lulubox

    solar panels

    Common Solar Panel Concerns and How to Deal With Them

    imei number

    How to Check IMEI Number?

    bong

    How do you manufacture a bong?

    Central heating

    DIY Guide: How To Install A Designer Radiator

    website

    Things That Might Be Wrong With Your Website And How To Fix Them

  • Business
    • All
    • Finance
    What Is Payroll Software And What Are Its Benefits

    What Is Payroll Software And What Are Its Benefits?

    How Customer Reviews Affect Your Brand Reputation

    How Customer Reviews Affect Your Brand Reputation

    How to Qualify for an FHA Loan

    How to Qualify for an FHA Loan: Wondering If You’re Eligible for an FHA Loan?

    Ways to Level Up Your Financial Literacy

    Excellent Ways to Level Up Your Financial Literacy

    Investing In Gold

    Investing In Gold: What Lies Ahead?

    Does A Car Accident Affect Motorcycle Insurance & Vice Versa?

    Does A Car Accident Affect Motorcycle Insurance & Vice Versa?

    CRM Mistakes Businesses Make And How To Avoid Them

    5 CRM Mistakes Businesses Make And How To Avoid Them

    Business Benefits Of Learning a New Language

    The Business Benefits Of Learning a New Language

    job change

    What are the Mistakes that you should avoid when making a career change

  • Marketing
    Why is Conversion Rate Optimization Important

    Why is Conversion Rate Optimization Important?

    Positives and Negatives of Outsourcing Your Marketing

    The Positives and Negatives of Outsourcing Your Marketing

    Top 10 online marketplaces in 2023

    Top 10 online marketplaces in 2023: a guide to leading ecommerce platforms

    Tips for Creating an Effective Website

    Business Websites: 8 Tips for Creating an Effective Website

    Importance of Branding in the Health Industry

    The Importance of Branding in the Health Industry

    What is an SMM Panel

    What is an SMM Panel: A Comprehensive Guide for Beginners and the Right Time to Buy an SMM Panel

    Importance of Time to Market on Product Development

    Importance of Time to Market on Product Development

    Local SEO Tips for Struggling Businesses

    Eight Local SEO Tips for Struggling Businesses

    SMM panels to enhance your social media strategy

    Best practices for using SMM panels to enhance your social media strategy

  • General
    How to Save Money On Road Trips

    Tips for How to Save Money On Road Trips

    Best Maids Services Near Me

    Get Your Home Spotless with the Best Maids Services Near Me

    Flight Training

    Flight Training 101: Everything You Need to Know

    Punching Bag Online For Boxing

    Buying The Perfect Punching Bag Online For Boxing -Tips And Suggestions

    decorate outdoor

    5 Outdoor Decorating Trends That Are Shaping 2023

    How Long After A Vasectomy Can I Drive A Car

    How Long After A Vasectomy Can I Drive A Car

    Preparing For Your First Client Meeting

    10 Tips On Preparing For Your First Client Meeting

    Damon Salvatore Rule 34

    Damon Salvatore Rule 34: Everything You Need To Know 

    Online Radio Proxy

    Use An Online Radio Proxy To Listen Anywhere In The World

  • Reviews
    Development of Cryptocurrency

    A Crypto.com Overview

    Ophthalmology eyesight examination

    Red Light Therapy Devices for Eyes: Where to Buy

    text to speech

    Best Text to Speech Converters Reviewed

    air purifier

    Where Can You Find the Best Air Cleaner Pro Reviews?

    How to Choose a Cheap Hosting

    Liquid Web Reviews: A Look At A Reliable Hosting Company

    Ionic Training

    Get Ionic Training and Improve Your Career Options

    Learning Experience

    Salesforce DX myTrailhead to Customize the Learning Experience

    Best Web Hosting Services

    10 Best Web Hosting Services 2018

    Honey Chrome Extension Review

    Honey Chrome Extension Review – Is It Scam Or Real?

  • Featured
No Result
View All Result
Twollow
No Result
View All Result

Changing Industries: Should You Consider Liquidation As An Exit Strategy?

by Haris V.
September 22, 2021 - Updated on March 15, 2022
0
Changing Industries
Share on FacebookShare on Twitter

When most small business owners decide to change industries, they immediately assume that selling the company to an interested buyer is the best method for getting out of a business. In fact, liquidation is often the easier and more profitable solution. Read on to find out why business owners, especially those who work in retail, should consider liquidation as an exit strategy.

Selling a Business Poses Unique Challenges

Finding a buyer for a business with significant assets can be more of a challenge than most small business owners think.

Qualified buyers may be unwilling to invest, and those who are genuinely interested may not be able to finance the purchase. Even genuinely interested and qualified buyers are unlikely to pay a fair price for the company’s inventory because most prefer to select and purchase their own assets.

Liquidation Is Much More Straightforward

Working with Liquidation Services is a much more straightforward and less time-consuming ordeal than finding a business broker, seeking qualified buyers, and negotiating the sale of the business. As a result, business owners who choose liquidation as an exit strategy usually get the money they’ve earned through years of hard work much faster.

Types of Businesses That Can Liquidate Assets

Liquidation is only the right solution for certain types of businesses. More specifically, it’s a great alternative to selling a company that has significant inventory or equipment. Consider liquidating businesses that fall into one of these three categories.

  • Businesses That Use Assets to Produce Income Directly

This category of companies includes retail storefronts such as apparel or shoe stores, sporting goods shops, and furniture showrooms.

Independent business owners who do not operate within popular franchises stand to gain the most by liquidating their assets and inventory. Public companies and franchises usually wait until they are facing bankruptcy to liquidate.

  • Businesses That Use Assets as Tools to Produce Income Directly

Restaurants, manufacturing companies, and construction firms all fall into this broad category. They use their assets to provide goods or services to customers and clients, but the assets themselves are also quite valuable. They can be sold to used equipment dealers, auctioned, or sold wholesale to other similar businesses.

  • Businesses That Use Assets to Produce Income Indirectly

Some businesses, such as insurance agencies or attorney’s offices, only use their assets indirectly to produce income. In this case, assets usually include furniture, fixtures, and equipment. The liquidation value of these assets is limited when selling to used office equipment dealers, but auctions can be a viable alternative.

Tips for Liquidating Inventory

Of all the types of assets, retail inventory is the hardest to liquidate. The process requires a going out of the business sale. Here are a few tips to follow to maximize gains:

  • Keep the sale short to limit overhead expenses.
  • Choose the right time of year.
  • Predetermine initial markdowns and the timing of further markdowns.
  • Develop a promotion program for the sale.

Start Planning Now

Planning to switch inventories or make an exit from the business world? The first step for anyone who wants to liquidate his or her company’s assets is to hire a consultant or retail liquidation company.

Start planning early to ensure everything goes as smoothly as possible, and don’t be afraid to ask questions of liquidation experts. They’re here to help.

Haris V.

Haris V.

Haris is the Senior Tech Editor for Twollow and a noted duck fat enthusiast. He lives in Portland, Oregon with a slightly hostile cat.

Related Posts

What Is Payroll Software And What Are Its Benefits
Finance

What Is Payroll Software And What Are Its Benefits?

Streamlining payroll management is crucial for businesses of all sizes, considering the increasing intricacy of payroll processes and regulations. However,...

by Tom Fogden
May 30, 2023
How Customer Reviews Affect Your Brand Reputation
Business

How Customer Reviews Affect Your Brand Reputation

The customer's voice rings louder than ever in the bustling digital marketplace. Where's most of that noise coming from? Customer...

by Tom Fogden
May 19, 2023
How to Qualify for an FHA Loan
Finance

How to Qualify for an FHA Loan: Wondering If You’re Eligible for an FHA Loan?

Texas is the second-largest state in the United States, with a diverse population of over 29 million. The state is...

by John Morris
May 18, 2023
Ways to Level Up Your Financial Literacy
Finance

Excellent Ways to Level Up Your Financial Literacy

In today's world, having a good understanding of your finances is crucial. Financial literacy is essential to manage your money,...

by John Morris
May 17, 2023

Recommended

How to Save Money On Road Trips

Tips for How to Save Money On Road Trips

June 2, 2023
Why is Conversion Rate Optimization Important

Why is Conversion Rate Optimization Important?

May 31, 2023
Video Editing Services

Video Editing Services: A Comprehensive Overview and Guide

May 31, 2023

Who We Are

Twollow is one of the leading tech and business blogs, that is dedicated towards updated Technology & Business news, reviews, Apps, how-to, smart tricks, and tweaks.

Follow Us

  • Facebook

Categories

  • Apps
  • Business
  • Education
  • Featured
  • Finance
  • General
  • How To
  • Marketing
  • Reviews
  • Security
  • Tech
  • Uncategorized

Top Posts & Pages

  • 100+ Free Premium Minecraft Accounts & Passwords (Tested 2023)
    100+ Free Premium Minecraft Accounts & Passwords (Tested 2023)
  • How Much Weight is Allowed in a 20 ft and 40 ft Container?
    How Much Weight is Allowed in a 20 ft and 40 ft Container?
  • How to Get Free Virtual Phone Number for WhatsApp Installation
    How to Get Free Virtual Phone Number for WhatsApp Installation
  • Hemp vs. Cannabis - what’s the difference?
    Hemp vs. Cannabis - what’s the difference?
How to Save Money On Road Trips

Tips for How to Save Money On Road Trips

June 2, 2023
Why is Conversion Rate Optimization Important

Why is Conversion Rate Optimization Important?

May 31, 2023
Video Editing Services

Video Editing Services: A Comprehensive Overview and Guide

May 31, 2023
  • About Us
  • Contact Us
  • Terms of Use
  • Privacy Policy
  • Disclaimer
  • Cookie Privacy Policy

No Result
View All Result
  • Home
  • Security