I Bought Out An Entire Shopko After They Closed - End Buyer

so today's Saturday I wasn't planning on filming today I've got a lot to do to get ready for OfficeMax next week next Saturday week from today I'll be buying them out got a call from shop Co they have a store closing tomorrow which is Mother's Day and they don't have an end buyer so I sent them a crazy lowball number and they took it two cents on the dollar 98 percent off I'm buying out a store tomorrow fun was not expecting this so I guess in a week's time I'm buying out a shop go and in officemax and the main reason I'm doing it it's mostly crap in there it's mostly clothing and vitamins the main reason I'm doing it is because I am I want to get in good because if I have solved this problem for them for them they are likely to let a lower offer slide for the other two stores left in town here which is late next month when I'll actually have time so I really don't want to do it but don't really have much of a choice here I texted my someone who works for me to see if I can pull him in for overtime and I said so uh what are you doing tomorrow and he says ignoring your texts I think he knew it was coming so get confirmation from knowing he is willing to work Mother's Day meaning he is going to have a very upset mother and girlfriend but he is getting time and a half for it so that's gonna be expensive for me um especially since I'm giving him overtime next Saturday for OfficeMax fun stuff so this is what he told me is the plan and I can say this I'm not allowed to tell anyone this yet but since this video actually isn't gonna be published until after the stores closed I can say this tomorrow their last day he said he's gonna open up the store 90% off across the board right now most items are at 80 they still have some at 70 but most items are at 80 they're gonna open up across the board tomorrow and 90% off and he says sometimes midday he expects to drop to 95% off but he's only been the liquidator for 5 days so far so he has no idea how that store dozen weekend's let alone Mother's Day so it could be pretty empty I guess the the a liquidator had to go back home usually Liquidators are sent in from out of state so he's only been here for five days stores pretty full right now but it's a lot of vitamins and a lot of clothing not much decent stuff I don't think a lot that's gonna be able to go on Amazon or Ebay although I might do alright with the vitamins that could be okay the clothing I don't know what I'm going to do look at all of that clothing so anyways he also said he has got a big bulk buyer that's gonna come in I think he said tonight who he expects to buy out a lot of the store my guess has got to be an Amazon seller or something I'm not sure but someone's coming in to buy out a lot of the store and he has no idea what its gonna be it's gonna be across the board so I have no idea what to expect but I'll take you along with me okay so this just got interesting oh this is gonna be the end of my business rebel to make a ton of money so there is another shop Co next town over about 30 miles away that's closing next weekend you know the same weekend as Office Depot which again have already committed to still working out the details on but this could work out really well the logistics are gonna be difficult and it's a big gamble I mean at a two percent of retail I really can't expect to be spending much one to two thousand dollars I think this is a no-brainer it's a risk but I think it's a no-brainer what is going on everybody resale Rabbit Here I am at shop Co is their final date is Sunday it is Mother's Day they just opened a couple minutes ago we're anticipating they'll close around 6:00 p.m. and I'm buying it out I'm getting every last bit of remaining inventory at two percent of retail that's 98 percent off I'm excited to see what's left I was here yesterday and yesterday is when I found out that I'm getting this store which makes it difficult because I'm doing an office max in seven days next Saturday it worries me that there's a truck in a trailer here maybe I'm lucky and they're just doing fixtures all right so that trailer I showed you coming in it's an Amazon seller who cleared out a lot of the store stores were getting pretty empty and mostly apparel which I do not like so I'm in the mall they're not opening it it's like a ghost town in here it's like last man on earth anyways I came in here to stop by pay less to get some details and buying them out as well they closed soon but weirdly they don't have a liquidator they're on site which seems odd but the store looks pretty full so I am curious to see what kind of deal we can work this thankfully is gonna be a little ways out after office D pawn shop codes are done at least the two I'm doing now I'm looking into shop Co which is the highest performing shop cool in the country so just kind of looking around it's still a pretty full store but we've got they just pushed it back another week on this one that's gonna be like the end of June so don't know what to expect here all right got the truck trailers loaded ready to go we got a whole bunch of boxes in there I'm ready it's a 203 so I'm gonna get there and just start throwing up cars that clear out the store so we are good to go it's four o'clock almost four they just lock the doors I am getting the truck pulling it up I don't know it's just not a lot of stuff in there but we'll see they have a cart in right behind the registers pull of mismatched shoes apparently there's an amputee stealing but they said I could just have it so I'm gonna go through them and see if I can maybe make some pairs don't expect to get much for them and a lot of them are prizes can end up in the dumpster they are turning down a lot of people they one of the liquidators is basically standing by the door stopping people from coming in so this is everything we got some jewelry a whole bunch of makeup obviously some of these are gonna be open just thrown out you got some Easter you've got just a whole bunch of smalls do you think about being the end buyer you have to buy stuff like this although if it's still sealed inside I might eat that we got some printer ink Oh a year out but still sellable I think I could do something with these and then a whole bunch of clothing about to go through the register we've got some air filters a whole bunch of those and then a whole bunch of phone cases survivor isn't that a good brand remember but phone cases really aren't worth much maybe I can find a use for them with a watch that's missing the back and that's basically it for this store so apparently I'm some corporate guy friend of mine said to me they told me I couldn't come in to shop go because some corporate guy bought it out was that you I guess so Oh empty though the final transaction to the store was ever last transaction going through the stores like five and some change all right so here's what we got I got this I don't know maybe I'll be able to sell it it's a big Packers display it's cardboard though so maybe not this been kind of nice I think I might use it for warehouse sales a whole bunch of these filters don't know if one of these fit my furnace I might grab them because I don't know if I'll be able get much for them it's not a make up this stupid frame and then all of these shoes there are supposedly these are just like one-off shoes like these two different sizes these are all the one-off shoes they just gave me these because they were gonna throw in the dumpster so I'm gonna see if I can make some pairs out of them I got some semi-truck wheel chucks these I'm actually gonna use kind of cool I got there on the other side their bins their return bins so I got all this stuff oh that's not everything that's right there's all of this - well I end up grabbing some clothes racks because I'm gonna blow out a lot of this in a warehouse sale so rather than taking hangers off and rehanging them and everything I'm just leaving them right on the hangers we just wield these bright on the trailer all of these clothes there's a couple of Packers ones unfortunately they're former Packers all of these boxes filled with the hard goes I've probably got five or six of these filled to the brim with cosmetics and then all of these clothes as well so I'm excited to see what I can get for it I already look some of these up on Amazon some of these pants are selling I get about 20 bucks after fees so I'm gonna do all right with those got some Brett Farve Wranglers so a lot of these stuff this one's all dusty I must have fallen on the floor at some point as I was going through the whole checkout process they kept bringing more stuff out like armfuls of clothing and whatnot evidently at one point they had a bad employee who didn't want to do his job so he would hide the inventory in different places that way he didn't have to do his job and they kept finding that so that's kind of cool clothing and items that just didn't even go through the liquidation they also told me they found underneath one of the shelves a comic book from 1994 it's currently 2019 says what 25 years ago has been under that shelf for 25 years so that was kind of neat so let me add up all of these receipts and I will see what the total is each of these receipts are like 1015 feet long so here are the totals I had to do this in 11 transactions partially because the system could only hold take so many sales also they have three registers going so this is how much I paid this was according to receipt my savings add the two together you have the total retail so I get twenty six thousand seven hundred and fifty-seven dollars worth of stuff for five hundred and forty-seven no I'm under no illusions that I'm gonna get anywhere near that I'm expecting I'll probably get about five grand for it all somewhere between five and ten thousand selling it all off but I mean to spend a five hundred forty-seven on up that is insanely cheap there wasn't a lot in the store I was actually estimating about a half that I was estimating about fifty thousand somewhere between forty and sixty was my guest so I kind of average that out at fifty quite a bit less than I thought about half but I still think I'm gonna do pretty well with it I'm amazed at how much that store cleared out in the last 24 hours all of these are the mismatched shoes I kind of organized them kind of by color also in the box over two empty shoe boxes here and for some reason a bunch of thermal labels like for price tags so I don't know maybe I'll be able to sell these you know there's a lot of labels in there moving get twenty bucks for it not one matching pair I was hopeful on these but it's a size 10 and a size 11 and oh yeah they're also the same side they're both left shoes we've also got these two but these you could tell right off the bat there are different sizes so nothing I don't know what I'm gonna do with these I know you can sell some of these as a single shoe for like amputees or people to different sized feet but I don't really want to do that because it's a lot of listing for things they're gonna sit forever but I did get him for free so I don't know what I'm gonna do with them any any ideas they are all brand new so my thought is maybe I'll just throw them in a local auction one big lot see if someone will throw up like five bucks or something so you might be wondering why would there be so many single shoes that there is they're like a gang of amputees coming in and robbing the store no there were a couple reasons why number one you've got people who have two different sized feet apparently a lot of people like a large percentage of the population it's two different sized feet we'll come in take a seven and a seven and a half put them in the same box and buy them and then they're left with two mismatches you might also see one gets misplaced or lost and they so they have the extra well they'll send it back to the vendor and then they find it later you're gonna see a lot of situations like that you never know maybe someone's stealing a single shoe and hoping that the other one gets tossed in the dumpster after the store closes I don't know there were some matches in there though and I know that because well first off they just left the bins out for customers to dig through and try and find them but even after all that the liquidator dug through him a little bit and he found one matching pair I don't know if I end up buying it or not because the store was still open at that point so I'm going home because I'm tired it's what like eight o'clock by the way the whole checkout process was almost exactly three hours there was like two hours and 43 minutes it's 8:30 now I'm calling it a day but the next part of this video you're gonna see all this stuff I'm gonna go through it all so you can see what all I got one more thing they forgot to take the security tag off this one item I looked through all the other clothes on the racks and no other ones we had security tags on them I did send the liquidator a text and he said he'll be there tomorrow vacating the store so he's gonna hold on to one of the tag removers for me so he can remove that worth note I asked if I could either have or purchase one just in case some get missed and they would not sell them or give them to me they had to be thrown in the trash compactor I know you can buy these online but for one item is now worth it it's very possible there is some clothes in these bins not much it's mostly hosiery the lot of ladies panties and bras in there not a lot but maybe 20 or 30 pairs and then some of the other stuff that was found after we finished the clothing there's maybe 50 or 60 items that our clothing in there so I don't expect these to be on because they went through all these and only missed one but I'm not at a huge loss if one gets missed not to mention I will be seeing this liquidator again in six weeks on the next wave of stores so what they can always get removed they're actually now that I think about it he's gonna be at stores that are operating for the next six weeks if I found one I could just bring it any time and I'm sure they would be happy to remove it for me it would probably want to make sure to talk to him first because he knows me but so I'm grabbing this and then I'm calling it a night so I'm currently starting to go through this stuff and I found this in with it all the date 1994 it actually smells a little funky I remember that someone brought it to me an employee found it I thought he smelled funky this thing smells like Bo likely floor wax and God knows what else went under the shelves that's why I was too many phones god I hate this it smells like Bo so the only logical thing to do with it so most of these clothes are gonna go in the dollar sale but this row of pants are all decent on Amazon it's YouTube they say hey I'm not editing this out by the way I'm not gonna edit this out so these clothes are Amazon these are the same brand this Gloria Vanderbilt they seem to do really well in Amazon these ones don't have listings so I'm gonna put these on eBay I'm seeing on average about 20 to 25 dollars each somewhere in the 35 some in the 15 and that is after fees so I expect about I've got 15 pairs here I expect about 300 on just these on Amazon and they should sell pretty quick so I've got the jeans ready to go here let me show you a close-up of how nice these look customer will be very thrilled with this these are these Gloria Vanderbilt's MSRP of 44 - 45 15 pairs after all said and done 302 days I did not put the bike Austin because I'm not gonna sit here and do a bunch of math and I don't do my accounting and this software so three hundred and two dollars and thirty cents so just the jeans I'm getting two-thirds of the money back and it looks like they should sell pretty quick all of this is gonna be sold on Amazon these should be decent I didn't looked and a lot of the stuff some of these are like eight bucks or so after fees this was I think six after fees this one I might still have this one up here let me check this one five bucks after fees well seven because the difference between Amazon and the other ones these are good these are 20 after fees that we have five of them so that's a hundred bucks no more of these filters so I already have a plan to get another shop go next Sunday and Office Depot on Saturday those are set in stone got a phone call today from the liquidator from Gymboree and krazy-8 when I did them a month or two ago apparently she's got to shop Co stores on the Milwaukee and was right in between Milwaukee and Chicago area also closing on Sunday so it's not set in stone yet but it's looking like I'm gonna have an office Depot and three shop codes this weekend this could be a busy weekend so in addition to those Amazon's these actually have to go to ebay because for some reason they classify them as a pesticide so I can't sell them I've got these shoes some kids I don't know $44.99 I could probably get like 30 bucks out of them on eBay these were doing a pretty decent I think I can get about 15 bucks for a two pack oh these are actually two different things no same UPC so just slightly different size boxes so any think I get about 15 bucks for that I then get between 10 and 15 for this based on comps this as well it's mostly lower dollar stuff this one's about 25 if I remember right on eBay either way I set it aside for eBay and that's going on eBay everything else is gonna be sold in a warehouse sale yet all of these clothes already hung up on racks ready to go this is what's left of the boxes all of these clothes as well here we've got some seasonal stuff we're gonna try to move them in the warehouse sale but I don't expect to get much for Easter stuff I will sit on them until next Easter if I have to they don't take up much space this is all hardware so we've got you know a lot of this type of stuff and then an absolute ton of these as they're packaged so poorly we're gonna try and move that stuff I forgot what's in this box no more of those bunnies and these guys are heavy these things have some weight tool this is all bath bedding linens things like that a lot of these napkins the box underneath it is the same thing bath bedding linens and whatnot this is all jewelry we get a whole bunch of it in here we got some up here and underneath that is phone cases a ton of them these are also full of phone cases they're for car phones the iPhone X the iPhone and XS max I think I think I can move them this is all office supplies we've got tape whoops some printer ink some school supplies there's also some of this phone stuff I don't know if I'll get much for that but you got a little bit of Valentine's Day same plan with the Easter there's some HBA here a lot of this is shop go brand and down here is a whole box full of HBA as well a lot of this stuff I think it'll do pretty well this is a box full of these and I don't even know if I'll be able to sell them worst case I might have to sell the whole box for a buck but look at that $2.49 that would be hold on about five cents I paid for each of these so I'm not too worried more phone cases this is just general merchandise there's a little bit of Christmas in here but it's mostly just general stuff that we're gonna be selling in the warehouse so here's another box just stop oh there's some Christmas Garland's these I'm not thrilled about it's all got people got names on them but I only paid I think that's what six cents are so car so I'm not too worried about that this is all of the clothes with no tags is mostly socks with a couple of other things I've got some belts down there a whole bunch of shoes up here just all different ones I think these are mostly Payless brand shoes and then these came from the liquidator here's some clothing that I didn't have on hangers some of it's nice stuff evidently the store had an employee who instead of doing his job and putting stuff out he would hide it in different places in the building so a lot of this clothing didn't even go through the liquidation this is a pretty nice shirt that's gonna do well and here's undergarments a whole box full of them these I'm excited about these batteries I'm keeping them because my security cameras use these I just bought a whole bunch of them actually so they are going to be kept for that I may have a buyer on these batteries I've got 89 of that one and then a couple other ones all listed here not going for a lot online but I do have a jewelry store interested in buying them these planners are going to be no good in like two weeks oh no this one goes to July so we got a whole month on all the other ones go to June of 2019 and then a stack of CDs with a couple of movies and that is bass oh no there's more over here hold on so I showed you the wheel Chuck's I think and then this display here here is a whole bunch of these filters so I don't know there's not really a market on eBay for them I'm gonna see if our furnace needs them otherwise they're gonna get sold in the warehouse sale as well as a bunch of posters and a shower curtain rod there was two shipping envelopes in a shipping box I will definitely use those and here's another curtain rod now here's the more expensive part this is where most of the money went all of these boxes are filled with cosmetics and unfortunately you know how these liquidations go I just pulled out a nice clean room a lot of these are all dirty for leaking ones a lot of the lipsticks especially were used people trying them out so I had a bit of a change of plans here so I wanted to do a voiceover explaining it what I've been doing is selling these in lots of a hundred in bulk for $100 each I have about 1,500 pieces in here so that's like 1,500 bucks for everything hi boxes full of cosmetics now one thing about being n buyers you have to buy everything every last item there are items here that I will lose money on like these for example it's six cents each I'm not gonna be able to really sell these I'm gonna try to sell them as a big bulk lot but especially here these six dollars and thirty nine cents so I paid with the twelve cents each I think I did that right but they have 2018 autumn Christmas ornaments I'm probably taking a loss on those a lot of the phone cases too probably taking a loss on those but I'm making so much on other things I spent 80 cents per pair on those jeans and I'm getting $20 each you know here's another great example well I'll show you this box in a minute but this is sterling silver earrings $60 originally so that would mean I paid a dollar and 20 cents for sterling earrings yeah I'm okay with that so you have to look at as a whole you're gonna lose money on something gonna make money on others but you have to buy literally everything example this is some stuff I already threw a bunch of stuff in the trash here but here's some stuff that I was holding to show you these picture frames they're broken and I had to buy him 20 bucks that would be what 40 cents no yeah they're at 40 cents I paid for that sunglasses missing lenses broken watches although these don't have price oh that one has one so 30 so I paid 60 cents I think I'm doing that right 30 is 60 cents yeah you know this is just gonna be trashed I'm just throwing all this away because it's missing parts it's a bummer but there's not much you can do about it you have to buy everything you can't pick and choose so you have to consider that when you're an end buyer I even had items that I threw away in the store I had a trash cart I you don't need to take everything with you you just have to buy it so there was like banked up poster board and stuff like that as soon as they scan and I put it right in the trash you got to buy everything but you're getting it so cheap I got $27,000 if I remember right 27 branded merchandise for like 550 someone that range whatever numbers I told you earlier in the video those were the numbers I'm going off a memory right now the plan is I've got all of this Shopko stuff I've got three more shop codes that I'm buying out this week at least I mean I thought there was just gonna be the one engineer then I turn it into two and that was turning the four but as of now three more shop goes and I'm buying I've got an office depot that I'm buying out it is a busy week I also have $200,000 worth of Target clothing sitting here in the warehouse that I've been sitting on since December I think all of this is Target clothing and shoes all brand new with tags 200 grand worth if you haven't seen the video I paid 50 cents each it was like ten thousand four hundred was shipping was around six grand I paid 6 grand for all of it it was all summer stuff I'm happy to sit on it for that kind of margin but what we're gonna do is we're gonna have a big warehouse sale selling so much of it off we're gonna look like a retail store I've got a ton of clothes racks and fixtures that we're gonna use I've got tables I've got shelving and we're just gonna blow this out and I'm hoping I have a goal my goal is to bring in $10,000 I don't know if I'm gonna be able to do that but when I saw garbage out of storage units for a buck I'm I bring in 3 grand I'm gonna be selling quality stuff all brand new clothing and I'm gonna be selling it 1 2 3 4 and 5 dollars and I'm gonna start marketing this now like weeks in advance I'm hoping to bring in 10 grand with all this and I think it's doable I mean look at all these clothes all of these I'm gonna put it to bucks 2 to 3 dollars each the jeans well these are going to eBay I think I forgot to mention that these are this is the same brand that was good on Amazon but they don't have listings so I'm sending all of these to eBay but there's other jeans there there's some pants here some so all of this is gonna be between two and probably between two and four hours maybe even five each these undergarments what's retail owned does it say $7.99 so I'll probably put these at a buck but there are some other ones these ones over here are 12 so I put those at two or three plus all the small stuff plus over 10,000 pieces of clothing I've been trickling some I listed a few hundred of money eBay and I've been selling them pretty well I probably made 5 600 bucks on them so far so it doesn't take much to be in the profit on that but we're gonna be moving a lot of this stuff shoes are going to be in the $5 range clothing is going to be three two two to five kids clothing it's gonna be that one to two range like baby stuff and then we've got all of Office Depot I sent someone there to scout it out today and it's still pretty full we're gonna have a lot of stuff we also have payless shoes which I'm working on trying to buy out I finally got the liquidators contact info each liquidator is getting 50 stores at a time so they're busy so anyways that could be a lot more shoes too so my goal is $10,000 in this sale and I'm still gonna have a ton left over and then we'll be doing another sale in about six weeks after the last wave of shop goes closed pending how good how well this one does I think it's going to do well I'm gonna be selling stuff for I would say an average of three bucks so that's triple the price of the sales where I sell garbage and and um like seriously junk I sell and I'll make three grand good stuff like this triple the price I'm hoping for 10 a boy can dream but I will definitely keep you updated on that but that is this shop Co so I hope you enjoyed this video I've got nothing really else to talk about I kind of went through it all hope you enjoyed the video if you're new to the channel get ready because like I said I'm buying several more shop goes and an office depot and maybe a Payless Shoes so they're gonna be more videos there but the rest of this channel is exciting I'm buying stuff at garage sales thrift stores retail stores store buyouts selling it on eBay selling it on Amazon local auctions I buy delinquent storage units I do a lot and I do it all out of my building here 7,000 square-foot warehouse that I rent some fun videos I show you what to sell how to sell it where to find it sometimes I'm done selling my channel um if you enjoyed the video please like below otherwise we'll see you in the next one

Channel: Resale Rabbit

Views: 497,019

Rating: 4.7600646 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

Id: h_64i8dYVwg

Length: 31min 15sec (1875 seconds)

Published: Tue Aug 13 2019