Merchandize Liquidators
| Company type | Limited Liability Company (LLC) |
|---|---|
| Industry | Wholesale liquidator, closeout merchandise |
| Founded | 2003 in Florida, United States |
| Founder | Yosef Martin |
| Headquarters | Miami Gardens , United States |
Area served | North America, Europe, Middle East |
| Products | Wholesale apparel, cosmetics, general merchandise, toys, health and beauty salvage items, closeouts, customer returns |
Number of employees | 18 (2016) |
| Website | merchandizeliquidators |
Overview
Merchandize Liquidators, LLC operates as a U.S.-based wholesale liquidator and distributor within the closeout merchandise sector. Collaborating closely with manufacturers and large department stores, the company acquires excess inventory from overstock sources. Their portfolio includes products sourced from prominent American retailers such as Macy’s, Sears, and CVS, which are then introduced to secondary market channels. The inventory encompasses new, surplus, overstock, used, and salvage items. The customer base consists of retail businesses, eBay vendors, flea market sellers, and jobbers. Notably, Merchandize Liquidators earned recognition from Inc. Magazine as one of the fastest expanding enterprises in the United States during 2010, 2011, and 2012.
History
Established in 2003 by Yosef Martin, Merchandize Liquidators began its operations primarily as an intermediary facilitating transactions between buyers and private sellers.
Recent Developments
Between 2010 and 2012, the company repeatedly appeared on Inc.’s list of the nation’s fastest-growing firms. In 2012 alone, Merchandize Liquidators achieved a revenue increase of 100 percent. According to industry reports, the company’s gross sales reached $5.4 million in 2011, reflecting a revenue growth exceeding 700 percent over the preceding four years. That same year, it secured the #523 position on the Inc. 5000 rankings published in August 2012, while also being ranked #18 within Miami and #35 in the Business Products and Services category. By 2012, annual gross sales had climbed to $9.1 million. Approximately 80% of its merchandise is exported to international markets including Latin America, Russia, Dubai, New Zealand, and Africa.
In 2016, ownership of Merchandize Liquidators was transferred entirely from Yosef Martin to a private equity firm for an undisclosed sum. Since that transaction, Yosef Martin has had no affiliation with the company.
Company Details
- Type: Limited Liability Company (LLC)
- Founded: 2003 in Florida, United States
- Headquarters: Miami Gardens, Florida
- Market Reach: North America, Europe, Middle East
- Product Range: Wholesale apparel, cosmetics, general merchandise, toys, health and beauty salvage items, closeouts, customer returns
- Workforce: 18 employees (as of 2016)
- Website: Merchandizeliquidators.com
Founder
Yosef Martin, an immigrant with Israeli-American roots, established the business in 2003 while he was completing his bachelor's degree at Florida International University. Launching into the closeout market that same year, Martin started the venture with an initial investment of $375 and utilized search engine optimization strategies to grow the enterprise. By 2010, the company had achieved a three-year expansion rate of 265%, as reported by Inc. magazine. Martin currently lives in Miami Beach, Florida.
Recognition
- Featured by Inc. Magazine among the Fastest Growing Companies in the United States in 2012
- Listed by Inc. Magazine as one of the Fastest Growing Companies in the US in 2011
- Recognized by Inc. Magazine for rapid growth among US companies in 2010
References
- ↑ "How To Distinguish Your Business From The Competition". Forbes. Retrieved 2023-04-13.
- ↑ Martin, Yosef (2013-05-29). "How to prepare for future growth". Washington Post. Retrieved 2023-04-13.
External links
- Merchandize Liquidators
- TruckloadLiquidation.online, a website operated by Merchandize Liquidators
- Liquidation Pallets, affiliated with Merchandize Liquidators