Inventory Buyout

WebFoodPros.com Chef Forums: The Great Hall: Inventory Buyout
By Cindyscatering (Cindyscatering) on Thursday, July 10, 2003 - 8:25 pm: Edit Post

We have recently taken over a local deli. I offered to buy out most of their inventory, but they want to sell it at 100% of wholesale cost. What is usual and cutomary in this situation.
Thanks,
Cindy


By Dpconsu (Dpconsu) on Thursday, July 10, 2003 - 11:02 pm: Edit Post

60% would be normal for frozen and dry goods, 0 % for all fresh produce and fresh meats


By Dpconsu (Dpconsu) on Thursday, July 10, 2003 - 11:06 pm: Edit Post

By the way, if you were refering to the small wares, pots pans utensils ect. Then you need o negociate according to the newness, condition and the potential use that you may have for those items in your operation of the business. Good luck!


By Chefmanny (Chefmanny) on Friday, July 11, 2003 - 6:17 am: Edit Post

It depends on your needs, do you need the stuff?
60% is more than fair! Especially if it's old!


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