The pop-up sale was an extremely effective way to sell the remaining stock of the pharmacy and the sales ensured that all staff members were paid their outstanding holiday and pay entitlements.
This proved to be more lucrative than anticipated. Over the three-week period spanning from late November to mid-December the liquidator generated over $35,000 of sales. This option was proved to be far better than selling to wholesaler’s who were offering only $4-$5K for the same amount of stock.
Once we were appointed, we needed to work out the best way to sell all assets for the benefit of creditors. We managed to trade down the stock significantly in the small amount of time we were allowed to still occupy the shop premises. The liquidator also managed to sell small portions of stock bundles to neighboring competing pharmacies within the CBD. It is estimated the Liquidator was able to deal with 60% of the stock whilst still onsite. The remaining 40% of the stock was packed up and moved to Waterstone’s warehouse on the North Shore.
By William Robinson – Updated on October 7, 2021
The liquidator, looking to maximise recovery for the creditors decided that there was more value in selling items individually and on sale than as a bulk lot and so we set up the stock as a pop-up store operated it from our North Shore warehouse.
The remaining stock was hard to sell. It was listed a bulk lot, but no reasonable offers were made to buy. There were thousands of product items.
Walk to the Sandton CBD, Benmore Gardens, Crawford College Sandton and Varsity College. Close to the Sandton Synagogue.
A prime property on a prime stand in a mint condition – nothing to be done.
Large kitchen with eat-in area, laundry and scullery. 2 Bibo water machines, Vacuflo system and chair lifts plus staff accommodation.
Incredible home set in the middle of the highly sought after, super secure estate, on a high stand with incredible views offering an entrance hall, formal lounge, bar, sea water fish tank, spacious dining room and a tiled family room leading out to the patio and garden with pool, fish ponds and Jacuzzi.
5 bedrooms and 4 en-suite bathrooms. Huge main bedroom with dressing room. 2 other bedrooms on the 2nd floor with 4th and 5th on the top floor leading to balcony with magnificent views. Excellent finishes!
Waterstone Estate! Stunning, triple storey, enormous, family home!
Whilst every care has been taken in the preparation of this listing, we cannot be held responsible for any errors / omissions which may occur.