Hi folks. As many of you know, we are not just in the real estate business. Much of what we do is wind down entire companies. Unfortunately the failing economy has reached up and grabbed another small business in Columbus Ohio. If you are looking for a great price on upscale appliances, come see us over the next 3 weeks.
The following was posted at www.bizjournals.com/columbus by our friends at Business First newspaper without a byline:
Clintonville Electric inventory up for liquidation sale
Business First of Columbus
After closing up shop for good late last month, Clintonville Electric is opening its doors to the public over the next three weekends for an inventory liquidation sale.
The retailer shut down weeks ago after 69 years in business, and about four years after being sold to new owners and moving miles from the neighborhood where it first opened. Clintonville Electric upon closing was housed in a 12,000-square-foot showroom at 2136 Bethel Road, the site of a former Rite Aid drug store. The business got its start at 3367 N. High St. in Clintonville.
Columbus-based auction and liquidation firm Gryphon USA Ltd. is managing the liquidation. Gryphon President Rich Kruse estimates about $450,000 in inventory will be up for sale at prices starting 35 percent below the product's last marked price.
The sale on the upcoming weekends will be held:
• Oct. 17 - noon to 6 p.m., Oct. 18 - 10 a.m. to 6 p.m., Oct. 19 - 11 a.m. to 5 p.m.
• Oct. 24 - noon to 8 p.m., Oct. 25 - 10 a.m. to 6 p.m., Oct. 26 - 11 a.m. to 5 p.m.
• Nov. 1 - 10 a.m. to 6 p.m., Nov. 2 - 11 a.m. to 5 p.m.
Richard F. Kruse is the President of Columbus, Ohio based Gryphon USA, Ltd. (www.gryphonusa.com). The Gryphon Organization includes Gryphon Asset Management providing receivership and consulting services in the distressed marketplace, United Country Ohio Realty & Auction Group (www.ucohiorealty.com & www.ucohioauctions.com) providing real estate brokerage and auction services throughout Ohio and OnlineAuctionUSA.com (www.onlineauctionusa.com) providing commercial asset liquidations from the Midwest to East Coast.
United Country Ohio Realty & Auction Career Opportunities Available. Call 614-885-0020 x 17
Hi Rich, Sign of the times i guess. Behind each example like this is as sad story - and a family !