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What if we want to receive our inventory back while it is under consignment?
Immediately upon request we will schedule a delivery to return any and all consigned goods back to the consignor. The remaining money owed under the consignment agreement will be paid out on the 15th of the following month to close out the final sales period.
Who determines how the consigned goods are priced?
We evaluate the market and price each listing accordingly. You will receive access to a spreadsheet that we will use for all accounting for this arrangement. You can view all live pricing at any time. If you disagree with how an item was prices please reach out so we can make those adjustments.
How long will our consigned goods take to sell?
We list all rec'd consigned goods ASAP however larger deliveries can take longer. We take time to list your inventory properly, never rushing through the process. Because of this our inventory turns fast and our sell-through rates are high. Depending on the type of inventory being consigned (electrical, HVAC, plumbing, etc.) the reclaim % of the total market value of inventory rec'd varies from about 50-80% reclaimed within the first full year. This is an estimate and not guaranteed. For example one factor to consider is that brand new parts sell faster than those in used condition.
Is our inventory insured?
Our insurance agent will provide you with a detailed insurance certificate that covers all inventory while it is in our temporary possession.
How does payment work?
On the 15th of every month we will prepare a detailed sales report for your review. On the following day we will send that report to you via email. For payment we will send out a check in the mail. You can expect to receive that check no later than 1-3 business days after the 16th of every month.