Liquidation is the process of closing a business and distributing its assets to claimants in finance and economics. When a business becomes insolvent, it means it is unable to meet its financial obligations on time. When a company’s operations come to an end, the remaining assets are allocated in order of priority to creditors and shareholders at Best Liquidation Stores in Cambridge.
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For general partners, a liquidation is an option. The process of putting a company out of operation is know as liquidation. The company’s assets and property are also allocates to creditors and owners. Winding-up or dissolution are other terms for liquidation.
Though dissolution properly refers to the final stage of liquidation. Liquidation can be either forced or voluntary. Liquidation can also refer to a situation in which a corporation is ready to sell part of its assets. A retail business, for example, may decide to close part of its locations.
The term “liquidation” can also refer to the sale of non-performing items at a lower price than the cost to the company or the price that the company wishes.
- In banking and economics, liquidation refers to the process of closing a firm and allocating its assets to claimants.
- Once the liquidation process is complete, a bankrupt company is no longer in existence.
- Liquidation also refers to the process of disposing off excess goods at a low price.
What is a liquidation store?
There are companies that specialize in liquidation if a corporation wants to liquidate its assets fast. These businesses purchase unsold merchandise for a fraction of its retail value and then resell it in their own stores for less than the full retail value but more than they paid for it.
Here is the list of the 10 Best Liquidation stores in Cambridge.
Cambridge Surplus
Cambridge Surplus has been in operation since 1999 and continues to thrive through liquidation stores in Cambridge. The proprietors, a husband and wife combination, were able to purchase their first batch of salvage products from Costco thanks to a new partner’s investment.
The couple set up business in their garage, selling an unusual combination of BBQ sauce, track lighting, and rescued canned and dried items to their neighbours. They decided to expand the shop and turn it into a true business not long after.
They renamed their business Essentials Plus and relocated to a 1400 square foot best liquidation warehouse near the Speed River. Other free wood boxes were made into a wall and filled with canned goods, as well as some antiques obtaining on consignment, giving the store an old-fashioned feel.
They initially only operated on weekends, with one covering the day and the other the evening. Even though they couldn’t afford to hire a cashier, the wife’s hairdresser stepped in to help. With the passage of time and the passing of years, the business proceeded to expand into more of the warehouse’s units as they became available.
The product line expanded, and the number of suppliers grew. Word of mouth helped the store thrive, as did its endeavour to reintroduce an old-fashioned charm to the business. The store has expanded to 14,000 square feet, employs over 20 people, and is open seven days a week in ten years. And the business keeps coming in.
Address: 336 Eagle St N Unit 201, Cambridge, ON N3H 1C2, Canada
Phone: +1 519-653-2946
Factory Direct
FactoryDirect has grown to become one of Canada’s largest privately owned wholesale discount retailers since launching our first store in 1995. Factorydirect.ca has 18 locations in Ontario and a cutting-edge web order processing centre in the GTA.
We specialize in buying large volumes of brand name consumer products and bargain consumables in new, reconditioned, end of line, excess, and closeout condition.
Over 10,000 distinct products are currently in stock. including computers, electronics, cell phones, health and beauty, toys and games, safety supplies, hardware, home and garden, and other seasonal, general commerce and consumable products.
Our retail locations range in size from 4,000 to 14,000 square feet, and each receives weekly shipments of great offers. In addition to our extensive inventory, we go the extra mile to ensure that all of our items are back by comprehensive warranties.
Which can be obtaining directly from the manufacturer or through FactoryDirect. Every year, FactoryDirect sells over a million products through our corporately owned retail stores and online web store, so you can trust that we stand behind everything we sell.
Address: 425 Hespeler Rd, Cambridge, ON N1R 6J2, Canada
Phone: +1 519-629-0282
Lcbo
As the trusted destination for the world’s wines, beers, and spirits, to create unforgettable experiences. The LCBO (Liquor Control Board of Ontario) is a government-owned corporation in Ontario that is one of the world’s leading buyers and sellers of alcoholic beverages.
Since its founding in 1927, corporate social responsibility has been an important part of the LCBO’s mandate. The LCBO also has a number of programmes aimed at encouraging responsible drinking and preventing drunk driving.
The LCBO has long prioritised community involvement and fundraising for registered organisations. We continue to assist countless Ontarians in communities across the province thanks to the dedication of our employees and the generosity of our customers.
The LCBO also owes it to the general public to ensure that the products it sells are both safe to consume and authentic. Every year, the LCBO Quality Assurance laboratory performs about 630,000 tests.
This ensures that all products sold by the LCBO and Ontario winery outlets and beer stores meet with the federal Food and Drugs Act and Consumer Packaging and Labelling Act, as well as the LCBO’s high quality and taste requirements. LCBO is liquidation stores in cambridge.
Address: 200 Franklin Blvd., Unit Fs 3, Cambridge, ON N1R 8N8, Canada
Phone: +1 519-621-6330
Jacobs Liquidation
We are a family-own and run one of the most successful Liquidation Stores in Cambridge , Ontario, and we are thrill to be giving you fantastic prices on apparel, bedding, mattresses, furniture, tools, books, toys, housewares, decorations, seasonal items, and so much more.
New product is suppling regularly, so our inventory is constantly changing! In our store, you never know what kind of offer you’ll find. I look forward to seeing you again soon. The headquarters of Jacobs Liquidation & Auction are located at 34 Wellington St N., St. Marys, Ontario, N4X1B7, Canada. The revenue of Jacobs Liquidation & Auction is $5 million.
Jacobs Liquidation & Auction is a company that specialises in auctions and business services. Jacobs Liquidation & Auction uses the following technologies: Google Analytics, Facebook Page Plugin, WordPress.org, and Google Universal Analytics.
There’s also a testing table where you can plug in whatever you want to test. Any of our friendly employees would be delighted to show you where the testing table. We take cash, debit cards, Visa, MasterCard, and American Express. During regular business hours, heavy things can be picked up.
Alternatively, you can make arrangements for it to be picked up during the week .We acquire fresh goods on a weekly basis, therefore the shelves are fully refilled and crammed with new merchandise every Friday! Because this is a loading zone, you may park your vehicle right in front of our doors.
Address: 34 Wellington St N, St. Marys, ON N4X 1B7, Canada
Phone: +1 226-661-4000
Treasure Hunt
We found our Treasure Hunt warehouse shelves had become fairly full of extra product in October 1997. The Dirt Cheap concept was established when every items was offered at “dirt cheap” prices until it was gone during the sale. As the firm developed, so did the amount of goods, necessitating more than just a warehouse sale.
The first Dirt Cheap store opened in Petal, Mississippi, in 1998, and has since expanded to over 100 locations. Dirt Cheap is now a stand-alone firm that buys its own items and employs its own sales tactics. There are more stores, more product.
Yet there is still not enough room! We established a Wholesale Division in 2006 to sell the surplus goods that our stores couldn’t handle. Clothing, footwear, and accessories make up the majority of our wholesale inventory. More than a dozen countries, including Africa, Latin America, Eastern Europe, and the Caribbean Islands, sell and transport these things.
A ceramic tile company filing for bankruptcy approached Treasure Hunt and Dirt Cheap purchasers in late 2009. Dirt Cheap Building Supplies opened its doors for the first time on January 1, 2010, after purchasing 50 truckloads of ceramic tile and having nowhere to store it.
We inaugurated our first Canadian Treasure Hunt location in Brampton, Ontario, in November 2013. In Ontario, we now have 11 locations. Treasure hunt has liquidation stores in cambridge.
Address: 150 Holiday Inn Dr, Cambridge, ON N3C 1Z5, Canada
Phone: +1 519-651-2424
Brantford Surplus
We’ve been in business since 2015, and we’re your one-stop shop for everything, including the kitchen sink! We get new things every week, and our stock is always changing, so every time you come in, you’ll have a completely different shopping experience.
Anything from hardware to housewares to camping and paintball, as well as everything in between, is available. Did we mention everything is supposing to be the most affordable in town? If you discover an item cheaper elsewhere, please let us know so we can make the necessary adjustments! Currently, our website is mainly for seeing our products, however we are considering selling them online in the future.
Coronavirus has been labelling a pandemic, as you are all aware, and things are moving quickly. The following procedures are being implemented to protect our employees and customers: At the entrance/exit, wipes and hand sanitizer are available.
Customers are encourage to use TAP payments rather than pin or cash payments because these techniques are more likely to spread germs. If employees are not feeling well, they are advising to stay at home. In client service areas, Plexi Glass barriers have been erected. Customers are required to provide their own reusable bags. Staff can wear masks and face shields if necessary.
Address: 655 Colborne St, Brantford, ON N3S 3M8, Canada
Phone: +1 519-304-4655
Nike Factory Store
Our mission is what motivates us to do everything we can to help people in achieving. We accomplish this through developing game-changing sports innovations, improving the sustainability of our products, assembling a diverse network team, and making a positive effect in the communities where we live and work.
NIKE, Inc., based in Beaverton, Oregon, is the parent company of the Nike, Converse, and Jordan trademarks. At NIKE, Inc., we envision a future in which everyone is an athlete, linked by a love of movement. We want to help people reach their full potential, and we’re motivated by our love of sports and our desire to innovate.
Whether we’re designing the ultimate sneaker or coding a game-changing app, we’re all working toward the same goal: to inspire and innovate every athlete on the planet. That includes you. “If you have a body, you are an athlete,” Bill Bowerman, Nike’s co-founder and famed coach, once stated.
We demand a better future for ourselves, our athletes, and our communities every day. Diversity, we feel, promotes creativity and accelerates invention. We believe in preserving the environment so that all athletes can thrive.
Address: 4326 King St E, Kitchener, ON N2P 2G5, Canada
Phone: +1 519-653-6453
Lumber Liquidators
We’ve focused on one thing – hard surface flooring – better than anybody else for over 25 years and have over 400 sites countrywide. In 1996, Tom Sullivan, a building contractor, started Lumber Liquidators is liquidation stores in cambridge by collecting surplus timber and wood flooring that other industries didn’t need and resold it out of the rear of a shipping yard in Massachusetts.
We steadily grew over the next 20 years, expanding our product line to include vinyl, laminate, engineered oak, and bamboo. With over 500 floors in both traditional and on-trend styles. With digital resources like our Floor Finder tool and our Picture It floor visualizer tool, as well as teams of flooring professionals in store to assist you with every stage of your project, from inspiration to installation, we’ve helped alter millions of homes across the country.
There is no wood. There will be no liquidation. We provide high-quality flooring and all the products and services you need to bring your vision to life and change your house, whether you’re a first-time DIYer or a seasoned Pro assisting a client.
LL Flooring is the best store to invest more than ever to ensure that the goods we offer meet or exceed your expectations as well as our own high standards. We have voluntarily required all of our vinyl floors to be constructed using materials that fulfil the heavy metals and chemical specifications required to be regarded safe enough to be used in children’s toys in order to support healthier home settings. Furthermore, all of our wood flooring adheres to the most stringent emission regulations.
Address: 611 Hespeler Rd, Cambridge, ON N1R 6J3, Canada
Phone: +1 226-887-4278
True North Vapor
True North Vapor is a premium e-liquid maker, online retailer, and wholesale distributor based in Canada. Since early 2013, the True North Vapor team has had a significant Canadian presence in the e-liquid business. Our e-liquid brands have reached clients across Canada, North America, and the United Kingdom since their inception in Brantford, Ontario.
We understood this business would grow swiftly from the start, and we wanted to be at the forefront of it by prioritising compliance, quality, and outstanding customer service. All True North Vapor e-liquid brands are made entirely in Canada.
True North Vapor recognises how difficult it is to manage a small business. Which is why we make it our goal to make doing business with us as simple as possible. True North Vapor’s knowledgeable and committed staff can assist you with anything from account setup to product delivery, and they have a plethora of both personal and market expertise.
A diverse product offering to meet the needs of every sort of retail consumer. Huge amounts of product are in stock and ready to ship. Pricing system with tiers and promotions that is competitive. Account access and a convenient ordering interface are also available online.
Orders are processed quickly, and things are shipping the same day the transaction is finished. Accounts manager who will work with you to get you what you need. Special offers for first-time customers. All of our pharmaceutical-grade chemicals are sources from within Canada and the United States. We methodically construct our formulations and manufacture our e-liquid in Southern Ontario. All of our goods are tested by a third-party lab True North Vapor is liquidation stores in Cambridge.
Address: 51 Woodyatt Drive, Unit 3, Brantford, ON, N3R7K3
Phone: 877-301-0946
New Balance Factory Store
Our goal at New Balance is to help athletes achieve their goals, whether that means helping professional athletes break records and win medals, or motivating everyday athletes to set a new personal best, run their first 5K, or simply live a healthier and more active lifestyle. Our products are the ideal combination of function and style.
Providing you with the performance technology you require while also allowing you to express yourself. With their high-level abilities and creativity, our associates around the world bring these goals to reality. While we strive to provide the best product on the market, we are also dedicated to giving back.
So, while we strive for success, we also believe in ensuring that others have the same chance. New Balance is honour to be one of the top five organisations in North America to get a Candidate Experience (CandE) Award from Talent Board, a non-profit organisation dedicated to the promotion and study of the job candidate experience.
We drive performance and agility through a comprehensive Performance Program. Take control of your career. At New Balance, you’ll be able to choose from a variety of professional paths. You will be able to plan a path that builds critical talents and matches your strengths and aspirations with the help of coaching and assistance.
Address: 13850 Steeles Ave W, Halton Hills, ON L7G 0J1, Canada
Phone: +1 905-636-0005
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Conclusion
So in this article we came to know the 10 Best Liquidation stores in Cambridge and Liquidation is: Liquidation can also refer to a situation in which a corporation is ready to sell part of its assets. A retail business, for example, may decide to close part of its locations. The term “liquidation” can also refer to the sale of non-performing items at a lower price than the cost to the company or the price that the company wishes.
