Liquidations | GearSource
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What is a Liquidation?

GearSource receives numerous calls from sellers/vendors who have large lists of equipment they are looking to sell. Most of the time, they are looking for pricing guidance and advice on how to list the items on our website.  Our knowledgable sales people will work with a vendor to determine what the gear is worth and how best to sell it however, this would not qualify as a liquidation.

For a list of gear to qualify as a liquidation, here is just the basic criteria:

• the seller must be willing to list at below market-price to move a large mount of equipment in less than 45 days

• the equipment would have to have a "liquidated" value of over $25,000

• the list of items to liquidate must exceed 50 individual line items

• the seller must commit "exclusively" to GearSource as the broker of choice for the term of the liquidation.

 

What liquidation programs do we offer?

With locations now in Europe and Asia, GearSource is set-up to get the best possible results from a Liquidation sale. GearSource.com® has liquidated everything from small production companies to multi-million dollar operations; from truckloads of equipment to 100,000 square foot facilities. Here are the Liquidation Programs we offer:

Personally Managed Liquidation:  meant for extremely large single or multiple location warehouses, where a GearSource Liquidation Manager is physically on-site to facilitate the rapid sale of your equipment.  The vendor will provide staff to test, photograph and stack the equipment in an orderly fashion before the GearSource Liquidation Manager shows up on location.

Using the GearSource.com® comprehensive database of equipment values, and taking into account the liquidation timeline, our liquidation manager will determine the market pricing for the items.  The gear will be featured in an exclusive sale area on GearSource.com® and the sale will be advertised extensively. 

GearSource.com® Special Sale:  similar to a Personally Managed Liquidation, without a GearSource member on location.  The obligation falls to the vendor to test and prepare the equipment being sold. Liquidation pricing will be established by a GearSource representative and the exclusive website sale will be set-up and advertised.

Liquidation Partner Network:  GearSource has a series of strategically located liquidation partners throughout the United States and Canada.  Our partners, by contract, have liquidation funds available in the event that a person or company needs to sell their equipment in less than a week.  Situations that might be included in this liquidation scenario would include a bankruptcy, breakup of a partnership, off lease equipment, too much inventory and too little personnel to manage a sale.

 

What's the process and how do I get started?

Once we've reached an agreement on which liquidation program is right for you, we will begin evaluating the lists of equipment, set pricing structures and start taking pictures.  You will be assigned a Listings Integrity Specialist who will help you get started in setting up your profile and formatting your lists.  

Liquidation Sales will be advertised heavily through our network of media outlets, social media, and our own global network of customers. 

 

To discuss a liquidation...

Contact:

Henry Kones, VP of Business Development

e-mail: henry@gearsource.com
telephone: +1.561.296.9555
toll free: +1.866.669.4327 (GEAR)
fax: +1.561.792.0602

Other marketing inquiries: marketing@gearsource.com