Last Updated on November 23, 2020 by Jason
Big box brands usually keep a stock of their own inventory. This means that they can send it out as soon as they have received an order from a customer. This means that online retailers like Amazon, and big chains like Walmart, usually purchase their inventory in bulk from manufacturers, and keep it in a warehouse.
Depending on the supply and demand, retailers like this every now and then choose to sell off any excess inventory they have to make way for new goods. This is because their warehouses have a price attached to them, which means that the inventory always moves through it really fast.
So, what does this mean for excess inventory then? Of course, companies cannot return it to manufacturers, so what do they do? This is where wholesale liquidation companies come into play.
They purchase the excess inventory from big box chains at a discounted rate, and as a result, they are able to sell the goods for cheaper. Whether their clients are small businesses, or mom and pop stores, purchasing from a wholesale liquidator means that you can get products cheaper than the market value, and have a higher margin.
What’s interesting about purchasing from liquidation companies is that you don’t have to have a resale certification. This means that it’s really easy and convenient for small businesses to buy inventory and keep those profit margins high.
If you are a small brand, and you are trying to increase your value by selling merchandise, but you don’t have the space to store it, and you want to keep your profit margins high, then consider buying items from a liquidation company.
Best Liquidation Companies
Let’s take a look at what we think are the best wholesale liquidation companies out there in the US right now.
Quicklotz is located in North Carolina, and it also has a warehouse in Texas as well. It is by far the best liquidation company out there, and perhaps one of the reasons for this is that they offer exclusive inventory that you can’t find with other wholesalers. They also have a really good level of customer support, which is always nice if you’re a small business and you need help straight away.
They don’t sell their inventory through auctions, rather they sell the items at set prices, either in a pallet, or a truckload. Their smaller lots come with free shipping nationwide, and if you are close enough to one of their warehouses, you also have the option of picking it up.
Another advantage of this liquidation company is that they have contracts with retailers that other liquidation companies don’t, which means that you get your pick of the bunch. They even offer their buyers the opportunity to come and see the items before they purchase them, which is important as it gives you a chance to see the quality of the items beforehand.
Bulq is based in Washington DC, and it was first started in a garage in 2004, but now it is one of the top names when it comes to wholesale liquidation. The overall goal is to help their customers find the exact goods that they need, and they allow online credit card payments as well as doorstep delivery.
They also promise almost 100% accuracy when it comes to the items that you order, and if you don’t get what you were expecting, they offer a full refund. For everywhere in the US, they offer a flat rate shipping fee, which means that you can place an order and get it delivered right to your home without needing to go anywhere.
Liquidity Services is a liquidation company, and they claim to have helped over 3 million clients already, and they promise to ensure some of the cheapest rates out there. They have both sealed and open bids, and the goods that they list on their website have an expiry date by which you need to make a bid.
When it comes to open bids, you have the option of seeing the current highest bid, however with sealed bids, you’ve just got to be patient. They offer a number of different goods in varying categories including fashion apparel, jewelry, and computers.
Bstock is located in California, and they have an extensive range of liquidated merchandise for you to choose from. They say that they are a technology driven online marketplace for all bulk purchases of liquidated goods. They have a software platform that means you can track your order, as well as look through their marketplace for the best deals, and get help with a dedicated support team.
They can also help you analyze your potential savings and profits before you’ve even made a purchase. They say that they have processed over 100,000 options, and they promise that their inventory will always be comprehensive and extensive.
Mid Tenn Wholesale
Mid Tenn is based in Tennessee, and it is a reverse logistics wholesaler that maintain some really good relationships with retailors. They used to be an eBay seller, but they now have seen the light, and have moved over to selling their clients wholesale merchandise by the truckload. They work through an email signup system, which means that they provide their clients with a confidential approach to purchasing merchandise.
This means that they can keep quiet about the discounts being offered, which protects the integrity of the brand, and gives you the option of being able to save big. They can help their clients with furniture, sporting goods, and general merchandise.
This company is located in Florida, and they have been in the wholesale liquidation business since 2003. They work directly with large scale retailors, and manufacturers, which has established them as a dominant player.
They cater to all kinds of different clients, including small retail stores, Amazon sellers and eBay sellers. You can find surplus, overstocks, and refurbished offerings on their website, and we also love that their website is user-friendly, and has a number of different categories to choose from. They even divide their lots into different sizes, to better fit their client’s needs.
Continental Wholesale is another solid option for all of your wholesale requirements. They can help you with rugs, hardware, toys, sporting goods, and groceries. They offer anything from a small lot, to a big truckload. One of the things that they try to offer each and every client with their business model is ease of purchase, which means that they have a really user-friendly interface, as well as many different categories to choose from.
They are upfront and honest about the quality of their products, which can vary quite a bit, but so can their rates. If you purchase something that is low quality, you can expect to pay next to nothing for it.
Amlinc is a company whose umbrella company is called American Merchandise Liquidators. They have been in business for more than 25 years, and they usually work with large buyers. They can help you with furniture, toys, and homeware, and the only downside to this company is that you can’t really make purchases online.
This means that you really need to live close to where they are based, so that you can go into their warehouse and see what they’ve got. We love that they offer their clients financing though, and they even have a special category for clients who are only going to be selling the merchandise online.
GENCO Marketplace has traditionally been targeted towards more large retail chains that can help them liquidate successfully, and these days they work together with small businesses as well, so that they can offload the inventory from big box stores that have closed down at a discounted rate.
They definitely know what they’re doing when it comes to inventory and logistics, and they have a large customer base already, who have benefited from their services. They have grown with the times, and offer an app for iOS and Android, so that you can bid in real time for merchandise.
Via Trading gets the bulk of its items from wholesale overstocks, as well as customer returns. Most of the time, the products that have been returned by customers because they had second thoughts, or just personal reasons. As a result, most items are in perfect condition, and a lot of their clients sell their merchandise at flea markets.
They don’t have any minimum purchase restrictions, which is always nice, and they have a dedicated online buyer platform which makes it easy for you to place your order.
What Kinds of Lots Can I Buy?
There are a few different kinds of lots that you can purchase, including boxes, cases, pallets, or even truckloads. Of course, if you are still a relatively small company, then you might want to go for a box or a case at first, but if you are larger at this point, then a truckload will do.
How Do Companies Like This Offer Such Small Prices?
Unless the demand is higher than the supply, most big box retailers like Amazon and Walmart usually have an excess of inventory at the end of the quarter, or year. This means that the value of the items goes down, and when they have a new influx of items coming in, they simply need someone to take the old merchandise off their hands.
This is where liquidation companies come in, and this is why they can sell this merchandise on to their clients for such a cheap rate.
Will the Merchandise Be Damaged?
There is a chance that the merchandise might be damaged, but reputable companies like the ones on the list above will be upfront and honest about this, and they will also charge you next to nothing for it. This means that the higher the quality of the product, the more it’s going to cost you, but in the grand scheme of things you’re still only going to be paying wholesale pricing for it all.
So, there you have it – what we believe to be the best liquidation companies in the US right now. As you can see, there are many different options available, when it comes to category of items, bulk buying, and purchase options. At the end of the day, it all comes down to what kind of business you are running, what kind of merchandise you need, and when you need it.
It’s always nice to be able to go into a company’s warehouse and see the merch for yourself before you purchase it, but most reputable companies will deliver on their promises when it comes to the quality of their items. Good luck!