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It’s absurd how much cash you can make in liquidation! One of my friends made hundreds of tens of millions of dollars as a accomplice in a firm primarily specializing in liquidating retailers. Typically, a liquidator comes into a business and buys the whole lot that is unsecured. Then if the company is a retailer, they rent the corporate’s staff themselves to run a going out of enterprise sale. You could specialize in liquidating sure sorts of businesses or private estates.
My father was a enterprise broker for quite a few years. The kind of enterprise he most ceaselessly brokered was coin-operated laundromats. When you are coping with the smaller businesses such as single location laundromats, you have to to attain a reasonably good volume of transactions to make decent money. One other difficulty on this enterprise is you are likely to get lots of tire kickers,” who aren’t very severe about shopping for a business, but can take up your time.
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