You can start any business as long as you are aware of the various risks involved in it. You also need to understand the various moving parts of the business and should always have a plan. The same goes for the liquidation business as well. Let’s say you are planning to start a Liquidation Stores in Portland.
You will need to secure a source to provide you with Portland liquidation pallets. There are other things to keep in mind as well. Let’s get into it. First of all, you need to decide whether you want to open a Liquidation wholesale business or want to become a retailer.
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Liquidation Wholesale – If you want to become a Liquidation wholesaler then you have to have some good capital.
Also, you need to have some good connections and participate in bids for auctions of Liquidation merchandise of big companies like Amazon, Walmart etc. You can also buy liquidation pallets or truckloads from other wholesale companies and then wholesale them yourself but then you have to question why would any retailer want to buy from you when they can get the same merchandise for a lesser price. You also need some experience to successfully navigate this business.
Liquidation Retail – This is a business that you can start more easily than the wholesale one. You don’t need huge capital to start the business. Also, you will have a lot of good options to buy pallets at cheaper rates and then sell them at the retail price or as discounted merchandise while keeping your margin of profit.
Though you need good experience to make good profit here as well you can still get around because a lot of people have tried this business so you can always get good pointers and referrals for your inventory. Now that you know the basic overview of the two types of business you can decide which way to go.
We have curated a list of the 9 best liquidation stores in Portland in 2023
City Liquidators Portland
City Liquidators Portland is the company that you go to if you need quality furniture but don’t want to pay a huge amount for them. This company has been in the business for many years and has established itself as a big name in this industry. If you are looking for liquidators in Portland then City Liquidators is one of the best options you have got as long as the office and any other kinds of furniture are concerned.
The owner of the company used to be in the wholesale plumbing business. He was bored of it and decided to start this company instead which helped companies liquidate their furniture. Everything that office furniture could include was liquidated by the City Liquidators. The company has always been in the forefront of furniture liquidation stores in Portland.
They realized that companies often need furniture quickly. So, if they have stock ready they can just sell them to companies. Today, you can buy different kinds of furniture for your needs at a very affordable price from liquidation stores in Portland.
NorthWest Office Liquidations
Another good option for office liquidators Portland is NorthWest Office Liquidations. This is another company that liquidates office furniture and sells it to interested parties who are okay with buying used furniture. You basically get a great discount while getting some used furniture for your office. The store is located in Southeast Hawthorne Blvd. in Portland.
They also have a very comprehensive website that lists the various furniture in their inventory. If you need expert help in designing your office space at an affordable price then you can give Northwest Office Liquidations a call for that as well.
They also have stock for new furniture. So, if you want to buy something new you can always find it here. If you need furniture for your home furnishings then too the company is at your service. They have a quality selection of all kinds of furniture. Visit their store or the website to know more.
Everyday Deals Grocery
If you are looking for the best liquidation stores in Portland then how about a grocery liquidator. Everyone needs to buy groceries in their day to day life. So, if you are working under a budget and saving every buck counts then you can make some good savings on groceries by buying your stuff from a grocery liquidator.
Everyday Deals Grocery Liquidators opened in 2004. The first store was in Portland itself. Initially, the store sold tools and equipment before adding groceries to their business. They have been in this business for over 8 years and have been striving towards providing good merchandise at discounted prices.
If you are looking for a place where you can buy items for daily consumption while saving a significant amount of money per day then this is the store to visit. The company works towards restocking the inventory as often so that you can come back and have more items to choose from and purchase.
Discount Plus
Discount Plus is a liquidation centre located in The Dalles, Oregon. The company clearly mentions the fact that it is a liquidation company and not a broker. Most of the stuff that they sell is actually liquidation merchandise.
There are many big stores and retail chains that have surplus inventory and returns which they often auction off to Liquidation companies who buy these merchandise at a much lower price and then they can either sell them individually or by pallets and truckloads.
If you are looking for cheap clothing and accessories related to liquidation merchandise then you should visit Discount Plus as they have a wide selection of items. Besides clothing and accessories, the company also sells furniture, tools, electronics etc. The winter hours of the company are from 9 AM to 8 PM every day. The summer hours are from 8:30 AM to 9 PM from Mondays through Saturdays and 9 AM to 8 PM on Sundays.
Asset Management Specialists
Asset Management Specialists is a company that can manage assets of a company on closeouts. They take possession of equipment of companies that have filed for bankruptcy or have closed down or have run out of the lease.
The actual owners of these items are it the company that wants to be liquidated or are closing down, be it the leasing companies or be it the government, want cash for these items as soon as possible so, the company drives some really good bargain for these items.
This means that you can buy some quality stuff by paying a fraction of the original cost of the item. If you want to do some bargaining on your end you can directly send them your serious offer on your company letterhead and Asset Management Specialists will take it up with the owner of the asset and you might get the item at your asking price. You can call the company to make an appointment before visiting or discussing the price.
Metro Office Furniture
Metro Office Furniture is a liquidator of office furniture. The company believes in recycling, refurbishing and repurposing furniture. It helps reduce waste. It partners with companies that believe in this goal as well and helps them liquidate their furniture. The company has more than 25 years of experience in this field.
It has helped liquidate the furniture of many companies. All these years it has built a vast network of companies that want to recycle or repurpose their furniture. They claim to have saved over 40,559 pounds of scrap from filling up the landfills just via their recent project when they took on the recycling of 768 cubicle panels.
Pahl Industrial Inc
Pahl Industrial Inc is a company that functions as an auctioneer, appraiser as well as a liquidator. They have been involved with the selling and appraisal of assets with a total worth over millions of dollars. These are both new and used assets. Many companies have entrusted Pahl Industrial Inc with the appraisal and liquidation of their assets.
The company wants to maintain this trust by providing high-quality and honest services. It has a lot of experience having been in the industry for 40 years.
The company works with various industries like the wood industry, metal industry, construction industry, transportation industry etc. If you want a correct appraisal of your assets and want to liquidate them as well you can reach out to Pahl Industrial Inc.
BStock
BStock is a company that has millions of products in its inventory, all sources from named companies. These range from liquidation merchandise to returns to overstocks. It is a business-to-business marketplace. So, if you are a Liquidation reseller you can use this site to fill your inventory. It is one of the best liquidation stores in Portland to be considered as one.
The company promises that you will be buying directly from retailers and brands via this company and thus, you will have to pay much less than other companies where you will have to go through many intermediaries. There are different lot sizes and brands to choose from. So, visit the website and check out the inventory.
Liquidation
Another liquidation store that sells overstocks and surplus inventory of large companies is Liquidation.com. It is an online store for liquidation merchandise and has been in this business for quite a few years.
Many people have used the services of this site so you can find a few that will give you reviews as well as referrals regarding the site. You can easily register on the site. The site is not clunky and you will be able to easily navigate your way through different links and pages. There are auctions held on the site and you can bid on the items you want to buy.
Here are some things you need to get started on before starting your liquidation business.
Complete the Legal Formalities
If you want to start any business in the country you will need to procure legal documents that allow you to do business. You will need a trading license in order to start a business. You can apply for the license. Once you have procured the license you can apply for the next document which is a reselling license.
Since you will be reselling merchandise you will have to get a license that allows you to do so. Having this license will make your life easier if you want to move ahead with your liquidation business. Many wholesale companies will ask you to provide these documents before selling your liquidation pallets.
Choose the Kind of Merchandise You Want to Sell
Once you have taken care of the legal formalities you will have to start planning out your business. The first thing to plan out is the type of merchandise you are looking to sell and make a profit. Choose a niche that you are familiar with. There are many categories of Liquidation merchandise.
You can choose electronic gadgets, tools and toys, clothing and accessories, footwear, household items, kitchen appliances, engineering tools etc. Choose something you know you can sell. It will also decide your budget. Only invest what you can afford to risk. If you have interest in a few categories but aren’t too sure about which one to choose, do some market research and figure out which one you can sell.
Find a Liquidation Company to Buy it From
Now that you have your merchandise figured out, it is time to start researching and finding good wholesale companies that have the merchandise you are looking to buy. Read as many reviews as you can and if possible talk to people who have used these services and try to get some referrals.
There might be some good liquidation stores near you. For example, if you are searching for liquidation Portland we have the list for you. We suggest you try to find more than one company to source your inventory. That way you can always have multiple options to buy your liquidation stock from. If one option doesn’t pan out at any time you can always rely on the alternatives.
Choose a Place to Sell
After doing your market research you have to find out where you can sell your merchandise to get the most profit. If you choose to sell online then you have to create an e-commerce website or sell on platforms like eBay or Amazon. If you feel that opening a physical store will be useful and you will be able to sell more products that way then you can do that as well. You can also go for both options if you feel that will maximize your chances.
So, these were some tips that can help you start a Liquidation business and work towards making it successful. Let’s now take a look at some of the best liquidation stores in Portland from where you can buy Portland liquidation pallets.
Conclusion
So, these were some of the suggestions if you are looking for liquidation in Portland. Most of these companies have a website that you should check out and take a look at the inventory. You will find online reviews as well. Take some time to do research on these companies and give them a call to clear your doubts and answer your questions. We wish you all the best.