Is at hand a attraction to previous season stock when buying a retail mode business?
I am buying a small ladies shoe and handbag going concern. The present owner have autumn/winter shoes which she say is gone over from autumn/winter 06/07 but how would I know it is not years elder - in the region of lb4k worth - and spring/summer stock which she say is this spring/summer (07) - around 5k worth - In total roughly lb9k worth. September is the labour of this autumn/winter stock which I am to clear for and hopefully deal in - she have on decree for september transference circa lb23k worth of topical stock . The owner desires me to buy her aged / outdated unsold stock at cost price - the cost she bought it for - I tend to give attention to it is bygone its sell-buy date - if she could not sell it - why does she guess I could? I do not want to upset the dealer - I would resembling to look contained by everybox of shoes near a judgment to decide whether I will steal the risk and buy them past its sell-by date her. Does anyone know the protocol - best proposal surrounded by this situation? Thanks
Answers:
Hi i am deejay, any stock u are purchasing is S.A.V. STOCK AT VALUATION which is across the world her cost price on her purchasing invoices.Maybe any handling costs as powerfully.It seem to me that it may be possible for the indent directions to be renegotiated or modified,if as she say they should be supplying in season stock officially recognized counsel and your accountants perusal is contained by instruct. If u doubt the valuation of stock and or the mart potential of any stock , u should negotiate downwards surrounded by the purchase price.Shoes can enjoy four style releases surrounded by a12-15 month time of year so I would strongly support CAVEAT EMPTOR which is a latin and legalized possession .consequence tolerate the buyer beware.Apart from this ,iwould insist on u to look at the stock contained by as far as prior delivery step against the time it took to put up for sale it! I BOUGHT A LADIES FASHION STORE contained by May 2005 and still enjoy more or less a third of the stock which be S.AV, SHOES ARE MORE TRICKY than evening wear and standard craze as I HAVE found that clothing and trappings market evenrrrrrrrrrtually but handbags and shoes are most credible to be aDUD. Iwould advocate u to save your money for something else!! I hope this help u and may stop u from making a big mistake. I am in THORNBURY M elbourne Australia and the nickname of my business is Infinitive Formulae Ladies Fashion . Regards and best wishes in anything you choose to do!!
You are asking the right examine. Why does she construe you can market it, if she couldn't?
The rage business is other give or take a few fresh product. The exception contained by the shoe business could be if the elder stock is terribly primary. Basic black pumps as an example are probably ok. If the outdated stock is within fad colours or second season design, later I would not retribution cost for them. Chances are you will want to get rid of the outdated inventory at or below cost to move it out. Offer to buy the stock at 10%-15% below cost, and after get rid of that hoary stuff at the double and use the money to invest in tentative inventory. She still have the leeway to put up for sale the outmoded stock herself at cost since the mart is complete if she is so sure it will put on the market (?). You are making a significant investment, and this is a business transaction, verbs something like yourself, not how she will be aware of. I would not allow her to endorse on her bygone problems to you in need sharing in the potential loss. Good luck.
In bag you did not corner the TV series, "Mary Queen of Shops", explore the links below and keep watch on the clips on You Tube (3rd link).
She also have a book out that you might find worth reading because this female negotiations no charm almost craze retailing.
In answer to your examine, at hand be a programme beside a boutique that have lots of previous years' fashion and mary have her vend it bad at 50% discount to gain rid of it.
You may not want to upset the purveyor but you own to be tough head almost matured stock. No doubt the broker would resembling some money put money on but you might suggest she take the matured stock away and sell it herself or you will own to knock the price down to around 10% of what she rewarded for it to breed any money within a discount public sale. You enjoy to win rid of that stock to attract customers next to up to the minute fashion.
Good luck near your business.
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Answers:
Hi i am deejay, any stock u are purchasing is S.A.V. STOCK AT VALUATION which is across the world her cost price on her purchasing invoices.Maybe any handling costs as powerfully.It seem to me that it may be possible for the indent directions to be renegotiated or modified,if as she say they should be supplying in season stock officially recognized counsel and your accountants perusal is contained by instruct. If u doubt the valuation of stock and or the mart potential of any stock , u should negotiate downwards surrounded by the purchase price.Shoes can enjoy four style releases surrounded by a12-15 month time of year so I would strongly support CAVEAT EMPTOR which is a latin and legalized possession .consequence tolerate the buyer beware.Apart from this ,iwould insist on u to look at the stock contained by as far as prior delivery step against the time it took to put up for sale it! I BOUGHT A LADIES FASHION STORE contained by May 2005 and still enjoy more or less a third of the stock which be S.AV, SHOES ARE MORE TRICKY than evening wear and standard craze as I HAVE found that clothing and trappings market evenrrrrrrrrrtually but handbags and shoes are most credible to be aDUD. Iwould advocate u to save your money for something else!! I hope this help u and may stop u from making a big mistake. I am in THORNBURY M elbourne Australia and the nickname of my business is Infinitive Formulae Ladies Fashion . Regards and best wishes in anything you choose to do!!
You are asking the right examine. Why does she construe you can market it, if she couldn't?
The rage business is other give or take a few fresh product. The exception contained by the shoe business could be if the elder stock is terribly primary. Basic black pumps as an example are probably ok. If the outdated stock is within fad colours or second season design, later I would not retribution cost for them. Chances are you will want to get rid of the outdated inventory at or below cost to move it out. Offer to buy the stock at 10%-15% below cost, and after get rid of that hoary stuff at the double and use the money to invest in tentative inventory. She still have the leeway to put up for sale the outmoded stock herself at cost since the mart is complete if she is so sure it will put on the market (?). You are making a significant investment, and this is a business transaction, verbs something like yourself, not how she will be aware of. I would not allow her to endorse on her bygone problems to you in need sharing in the potential loss. Good luck.
In bag you did not corner the TV series, "Mary Queen of Shops", explore the links below and keep watch on the clips on You Tube (3rd link).
She also have a book out that you might find worth reading because this female negotiations no charm almost craze retailing.
In answer to your examine, at hand be a programme beside a boutique that have lots of previous years' fashion and mary have her vend it bad at 50% discount to gain rid of it.
You may not want to upset the purveyor but you own to be tough head almost matured stock. No doubt the broker would resembling some money put money on but you might suggest she take the matured stock away and sell it herself or you will own to knock the price down to around 10% of what she rewarded for it to breed any money within a discount public sale. You enjoy to win rid of that stock to attract customers next to up to the minute fashion.
Good luck near your business.