When small to medium sized businesses see that word, they fear the worst. Of course, they would not have been far off the mark in working out what a retail liquidation consultant might be required to do next. But they were never dead right. Indeed, the retail liquidation consultant does have a lot to say and do on how the business must be wound up. But he is also there to help the bereaved business owner get back on his feet again.
The liquidation expert is best placed to discard of all business inventory as quickly and smoothly as possible. He is able to find willing buyers at short notice. There should be an effort to make as much money as possible from this sales drive. But the consultant does need to give his client realistic expectations. Because the stock that has to go is not exactly new. And whether the retail liquidation consultant and his team is able to find both commercial and domestic customers, no one is going to be expected to pay as new prices.
They come to the liquidations sale with high expectations that they will be benefiting from a few bargains. And assume then that everything that had to go did go, the total tally might still not have been enough. It might have been enough to settle all overdue accounts. But this is where the liquidation consultant has to be clever and decent. Realistically, it could not have been expected that the bereaved business owner was going to be off the hook.
But even so, the liquidations representative should be discreetly leaving his client with just enough to tie him over for the next few months. This could be the breathing space that allows him to start over again.