r/smallbusinessuk
What’s the best way to liquidate a large stock holding in the UK
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Hi everyone. I’m a relatively new business owner and don’t have much business experience, so I’ve probably made almost every mistake possible. Made a mistake by Buying 4000 pairs of women heel with Brand IP, and Website last year for 30,000£. Biggest mistake is buying this much large quantity and especially fashion related. Since my eBay and Amazon are new .operating cost and returns are way higher than my income. Stock is in one location and I am in different location so it’s really tough to manage. I can’t maintain this business any more. Looking to sell the stock or stock with assets. Approached business brokers but they are not interested. Wholesalers are offering only 1£ per pair. I need advice on how to get rid of the stock without loosing much. Does anyone here have experience selling off a large amount of stock? I’d really appreciate some advice on where or how I could sell it without taking such a huge loss.
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Since my eBay and Amazon are new .operating cost and returns are way higher than my income .
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