I Bought out a Gordmans Store and I wasn't thrilled about it

welcome in the video you guys don't know what that that was an inside joke between myself and myself back when i lived in charlotte north carolina i used to go to a flea market there was an old jamaican guy who ran it and he would have this big pa system and always yeah welcome in the market good day for market so anyways yeah that's that resale rabbit here not to be not to be confused with the energizer bunny that's a different rabbit he makes me look bad because he doesn't take breaks he just keeps going and going and going and going and going and i'm going in the wrong i made a wrong turn i was supposed to go that way all right let's flip around so it is friday september hold on hold on 25th three months exactly until christmas are you excited my tree's going up next week um so i am buying out gourdman's next sunday so day after tomorrow i am a little nervous about this one but i'm going there to take a look at it right now i'm getting regular updates from the liquidation company as far as stock levels my last update uh well last week they told me there was about 73 000 items in the store they wanted me to take three stores and this one is the lightest the other two are much heavier um and i just don't have the manpower that many items but they did have a big sell through i think he said they were around 40 000 yesterday i want to say it was yesterday so that's still a lot of stuff we've got 48 hours left till close it'll be about this time tomorrow that i come in and shut down the store uh we're at i want to say three percent is my cost but normally i don't go look at the store in advance what i'm doing right now is partially looking at what's there in stock excuse me stock levels and whatnot um but i'm also going because the liquidator sent me a text this morning and said they dropped to in his words and unheard of ninety percent off for fixtures i think they uh are struggling to find a buyer on fixtures so i'm gonna go look see if there's anything that i could use because ninety percent off is they're gonna be cheap so let's go take a look i've never been to gordman's before uh from my understanding they're kind of like a tj maxx an off-price retailer i'm not 100 on that that's just what i'm pretty sure they are anyways uh so as i circle and try to find it i am going to vent about something my landlord put some political signs up in front of the building his office is in the building too by the way that annoys me i'm not going to say which candidates for one of the presidential candidates i'm not going to say which one it is um but really annoys me because i have a rule no politics i do not mix politics with business because it doesn't matter which side you're in support of you put that sign up you're gonna upset about half of your customers our nation is pretty much split evenly it seems so you're gonna upset about half of your customers and potentially because people are stupid on both sides they will choose not to go shop at a store or eat out at a restaurant because the owner is in support of the candidate that they are not which is really dumb really dumb but anyways you're going to lose a bunch of customers because of that and you're not going to gain a whole lot i i firmly believe there's gordon's i firmly believe that uh you do not mix politics with business and the placement of the sign is kind of near where my or my driveway is so i don't want people thinking that i'm in support of this candidate now this particular candidate i don't have an opinion or at least i'm not going to give my opinion but it doesn't matter if i'm in support of the candidate or against the candidate there's no reason to to publicly show that with the business all right so we are here at gordman's let's see what it looks like inside got my mask on the ron swanson mask there he is let's go this store was supposed to close in may but the state shut down it's now the end of september and they're still open now this is something hmm 15 bucks for these is 90 off owner oh yeah i'm taking these i'm taking every last one these are really expensive and i've been wanting some of these for a while oh that's sold you see that can come in handy what we got here oh they're the tags 20 bucks for the bin bowl i might just buy them just for the bin so i bought the dump ins there were eight of them cost me about a hundred bucks they're normally like four hundred dollars each so i was very happy about that it was a hundred for all eight by the way oh they have display cases in there they're ten dollars each their carts they've got hundreds for four bucks each i always regret buying fixtures though i can't i bought the bins because i have a specific need for them but the other ones i don't need but i just want them they're cheap i hate that part of the business um really tempting on the carts though but i don't know boy is that a tough one all right it is sunday it is hold on i gotta look cool hold on it is sunday it's 11 50. i have to be on site at noon we begin at one o'clock i've got one tip for you multiple copies of your tax paperwork i've got a seller's permit um we're usually running multiple registers at a time everything does need to go through the register so um you know have multiple copies so you can leave one on each register so the process goes by quicker so i've got that tape measure box cutter just in case in this particular case i bought a bunch of gaylords that the store was using we're going to use those i just left them there so we're gonna use those today but normally i would bring boxes to haul everything i've got these boxes which i usually use they really come in handy i use them at every store except for office depot because i don't want them to think that i'm stealing them so every other store we use those so i think that's about it got all loaded up another tip bring cash and multiple cards the last thing you want is for your cars to start declining because there are a whole bunch of transactions and they think it's fraud so then your sol in fact this particular store i've never worked with this liquidation company before so they don't even want to close they're not going to close the store for me i've never had this happen where they're refusing to close the store they've always uh closed the store when we show up so we're going to be dealing with customers in there at the same time i don't know how they're going to do it because it's going to take us 15 20 minutes to get everything up to the front and then there's not gonna be anything else for customers to shop so i don't know what their plan is but um that's pretty much it fixtures are 90 off their shopping carts are now four bucks each i'm very tempted to get them all i don't know we'll see i have a love-hate relationship with shopping carts they're such a tough sale but they usually do well anyways although four bucks each i don't need to sell them for much so i don't know so let's get going so that's literally all that's left i was told they were not gonna do buy more save more buy more save more is when they have uh you get an extra 50 off if you buy a certain amount of items they're still doing it to the very end they cleared out too much so i have a word with the liquidator not thrilled about that but i guess that's what we get not much we can do about it so the store's pretty cleared out here's the thing now they're saying we have to wait till one the manager says at one o'clock she needs to call the liquidator and find out if they're okay to sell to me i am not thrilled with how they're handling this one um i do find amusing they still have a now hiring sign in the building this happens sometimes where you have or just run very poorly sometimes they care about the end buyers because as an end buyer we provide valuable service we get all the stuff out that they can't sell at the end um so sometimes they care about us sometimes they don't care about us at all so obviously their ultimate goal is to bring in as much money as they can from the liquidation of the store but you upset your empire bad enough you're not gonna have an end buyer anymore so uh not thrilled about that if if i was upset enough i'd just walk out and then they would be screwed they would not they cannot close the store until all of the inventory is gone it would cost them a lot of money but i guarantee you this company would never contact me again so it's kind of a the politics are kind of a pain oh i sent him a text i said so i see this still running buy more save more i didn't i thought you said they weren't gonna be doing that and he said oh your discount's still cheaper dress barn and i think this might be the same liquidator the same guy from dress barn i know i've worked with them before i don't remember where remember we got screwed on dress barn where they did uh my discount to the public the day of the sale never told me about it not thrilled i'm gonna start keeping notes on all the liquidators i work with that way when i get a call from one i know what stores i worked with them on i know you know what my experience was and everything so that'll make it a little easier so i've been here an hour we're still waiting it sounds like we're gonna be able to start now at one uh we're waiting on confirmation real pain in the butt but on top of that i found out remember i said they wanted to keep the store open for some reason what they want to do is just start bringing up the slower the crappier stuff first while people can still stop from the other stuff i'm really not thrilled with this guy right now a nice shelving unit that's already sold not thrilled at all with how they're doing this and it's not gordon's it's you know liquidation company really not thrilled with them right now because i'm working on a sunday i've got employees here working overtime on a sunday really not through so we filled three two racks so far all right back at the warehouse so a couple of things um one of the managers there was actually my boss when i my first job was at kmart and he was the store manager there so that was kind of funny he fired me i was like 16 and didn't want to work so uh he didn't remember me though um also i was supposed to get a bunch of mother motherhood maternity stores i got the first wave in either december or january there's supposed to be another wave in march but the state shut down due to covid so i didn't get those um i wasn't sure what ever happened to the inventory the stores didn't do a liquidation or anything well went to gordman's uh so there was a lot there which is awesome because there was a ton of motherhood maternity pants we're selling those for 20 to 30 bucks on ebay and they sell really well so i'm really excited about that there is probably uh 200 pairs of motherhood maternity pants which is should be about two thousand dollars or so after shipping and fees and everything uh but anyways i got i spent four hundred and sixty nine dollars and seventy two cents total retail is eighteen thousand seven and 788 80 it wasn't a lot of stuff i'm not going to do amazing on it i figure maybe i'll do probably about 2 000 ish on the the pants on ebay the rest of it will run through the warehouse sale maybe bring in another thousand is not much um i did have payroll i trained an employee and how to close out a store there so it was me and him normally i'd just be one person at a store like that had i known they were going to be that empty i would have taken the other two stores they wanted me to take i'd it's because of how they ran the liquidation not thrilled at all about that but oh well now that doesn't include fixtures i spent another 110 to get those big black uh gaylords the big plastic ones they're like 400 bucks new i spent 110 to get eight of those i also spent an extra 150 i got three close racks which i usually just throw them up on facebook marketplace for like 10 bucks each just to get rid of them the reason i keep them or buy them is because we keep the clothes on the racks and the store wheel the rack right on the trailer that way it's all on hangers stuff doesn't get tangled up and then when we have a warehouse sale we transfer to our clothes racks nice and easy they were five bucks each so for 15 bucks it saved me probably two hours worth of work um well worth it so i got those i got 10 shopping carts and i'm pretty sure these are the exact same ones as the shopko ones that we use during the warehouse sales so i got 10 shopping carts which we'll be using during our warehouse sales and because we were pretty low on shopping carts i think i've got 15 of them so they work out perfect because we allow 25 people in the building when we have the sales uh what else did i get i got some of their um their tech the little scanners with the screens on them so they can look up the inventory in their system i got five of those and five zebra thermal printers the ones the portable ones they used to print their receipts i should be able to get i think it was a hundred bucks each for the scanners and then 50 each for the printers so that would be 500 for the scanners and 250 for the printer so another 750 bucks there so i spent 150 for all of the fixtures except the gaylords the gaylords were an extra 110. and that's it so i'll probably make about three grand on the merchandise or i should say i will bring in uh i'm not going to make that because i've got 469 spent on product and then another three hours a time and a half for tim so probably a couple hundred bucks today well let me pull out the calculator times 1.5 times i'd say probably about three hours so another 76 bucks paid to tim so all in i've got about 450 bucks plus my own time invested i will make about three bring in about three grand after shipping fees and everything on the merchandise that includes in the warehouse sale um and then what i say 750 on the fixtures and then i'll have a bunch of free fixtures so all once all is said and done i'm probably walking away with 3 000 3200 somewhere in that general area on it all so i suppose a few hours of work not so bad i do need to go back tuesday they need to wipe all their info off of the the pda scanner things so i'm picking those up on tuesday and then we'll be done with gordon's and i'm not going to show you because everything's loaded up in the trailer but i'm sure you'll see it in a future video i got a giant g their logo to put with my dead stores collection of stores that i've bought out so anyways it is sunday i'm gonna go home and watch some football and uh that's about all i got so i hope you guys enjoyed the video i'll see you in the next one

Channel: Resale Rabbit

Views: 31,227

Rating: 4.9042945 out of 5

Keywords: ebay, amazon, sell on ebay, sell on amazon, fba, flip, flipping, resale, resell, reselling, resale rabbit, garage sale, rummage sale, yard sale, flea market, thrift store, thrifting, thrift shop, pawn shop, Storage Auction, Storage Unit, Liquidation, Pallets, Overstock, Customer Returns, Liquidation Pallets

Id: a7RMfvmPDVg

Length: 16min 38sec (998 seconds)

Published: Thu Dec 31 2020