The store was not making enough to cover loans. After the sale started the owner was only in the store one week before taking a vacation and when he got back he started a new out of town job. The manager quit early in the sale and the employees were rebellious and didn’t want to work. Our Consultant had to do almost everything. The inventory was estimated at $500,000. The opening day of our Pre-Showing sales ran $41,500. Gross sales ran $470,000 while holding media advertising expense to .03% of sales. In addition, our Consultant sold the fixtures and equipment for over $111,000. Not bad when considering the lack of store management and the employees lazy attitude. With good management and positive employee attitudes this could have been an outstanding sale.
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