The seller is a leading industrial distributor in both domestic and international markets operating around 45 industry verticals, and having a long-term and strong association with top Indian and International brands.
Problems faced by the seller:
- The distributor was left out with excess mechanical and automation products due to over-purchasing.
- The distributor wanted to convert the excess materials into cash
- The distributor had trouble finding buyers for the excess products for which Goospares provided them with a solution.
How Goospares helped
- Finding the right buyer: Through an extensive network of buyers, Goospares was able to connect with potential buyer and liquidate these products.
- Immediate Stock clearance: Goospares removed the excess inventory of the company immediately freeing up their valuable space and holding costs.
- Liquidation in Just 10 Days: Goospares provided a quick and effective solution to the company by selling their surplus inventory within a span of just 10 days, which would have probably stayed on the warehouse shelves for months.
Along with receiving a 44% realization value, the seller was also able to escape the extra expenses related to maintaining and storing the goods. The buyer profited by buying quality products with a 38% profit percentage.