Large retail chains occasionally need to liquidate assets from store locations due to transitions, consolidations, or closures. But how can they maximize returns on owned assets in these stores? Auctioning is an optimal solution.
In this post, we'll explore how major retailers can partner with auction companies to strategically market and sell store assets, gleaning far greater value than through private sales.
Retail behemoths often sell assets directly to third-party middlemen. These middlemen, recognizing the value of what they’ve acquired, then turn to expert auction companies, like Grafe Auction, to sell off these assets. This layered approach leads to significant losses in potential revenue for the original store owners.
Since 2018, Grafe Auction has either purchased or collaborated with sellers who acquired several locations from a well-known big box chain store. After purchase, all assets from 23 locations throughout the United States were auctioned off. The process included marketing led by Grafe Auction and hosting of the auctions on Grafe Auction’s website that yielded outstanding results:
Sellers purchase these stores for $75-$100k each and auction them for $200k- $300k each. Had the chain worked with Grafe Auction directly from the beginning and cut out the middleman, they would have potentially made well over $4 million more in revenue.
Grafe Auction is no stranger to the retail auction landscape. Our expertise is our signature, assuring results even for the most prominent retail players.
By partnering directly with Grafe Auction, retailers bypass the middleman, ensuring they reap the full value of their assets. This approach guarantees:
Modern auctioning is stepping into the digital age. Harnessing the power of online tools ensures assets receive optimal visibility and value.
Store closures and asset liquidations no longer need to be daunting for retail giants. By partnering directly with auction companies, major retailers can maximize returns on owned assets when stores close. Robust marketing unlocks the broadest buyer pool, driving bidding and sales. The transparent auction process aligns incentives to achieve fair market value. By opting for a direct partnership with experienced companies like Grafe Auction, retailers stand to gain immensely, ensuring that every asset realizes its full potential.
Looking to unlock value through a retail store auction? Let's connect to explore your options!