Last $8.00 USD
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Volume 100.0
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OTC BB
As of 11:19 AM 09/16/14 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

21860 Burbank Boulevard

Suite 300 South

Woodland Hills, CA 91367

United States

Phone: 818-884-3737

Fax: 818-884-2976

Great American Group, Inc. provides asset disposition, valuation and appraisal, and real estate consulting services to a range of retail, wholesale, and industrial clients, as well as lenders, capital providers, private equity investors, and professional service firms throughout the United States, Canada, and Europe. Segments The company operates its business in two segments, Auction and Liquidation Solutions, and Valuation and Appraisal Services. Auction and Liquidation Solutions segment This segment assists clients in improving return and recovery rates through the disposition of assets and provides clients with capital advisory, financing and real estate services. Such assets include multi-location retail inventory, wholesale inventory, trade fixtures, machinery and equipment, intellectual property, and real property. Retail The company enables its clients to dispose of under-performing assets and generate cash from excess inventory by conducting or assisting in store closings, going out of business sales, bankruptcy sales and fixture sales. With the goal of providing a single-source solution to its retail clients, the company also provides merger and acquisition due diligence through its Auction and Liquidation segment and reverse logistics and appraisal services through its Valuation and Appraisal Services segment. Financial institution and other capital providers rely on the company to improve recovery rates in distressed asset sales and in retail bankruptcy situations. Additionally, healthy, mature retailers utilize its proven inventory management and strategic disposition solutions, relying on its extensive network of retail professionals, to close unproductive stores and dispose of surplus inventory and fixtures as existing stores are updated. The company conducts large retail liquidations that entail capital requirements through collaborative arrangements with other liquidators. By entering into an agreement with one or more collaborators, the company is able to bid on larger engagements that it couldn’t conduct on its own due to the capital outlay involved, number of independent contractors required or financial risk associated with the particular engagement. The company expanded its operations into Europe by opening an office in the United Kingdom. It provides services to help retailers downsize through inventory liquidation and store closures in addition to providing appraisal and valuation services. The company provides retail auction and liquidation services on a fee and guarantee basis. In guarantee retail liquidation engagements, it takes title to any unsold inventory. In these rare instances, the company utilizes the unsold inventory as augmented inventory in other liquidations that it conducts. Wholesale and Industrial The company designs and implements customized disposition programs for its clients seeking to convert excess wholesale and industrial inventory and operational assets into capital. It manages projects of various sizes and scopes across various asset categories. The company offers clients the following wholesale and industrial disposition strategies: Orderly Liquidations: Assets in an orderly liquidation are available for sale on a privately negotiated basis over a period of months. Orderly liquidations work well for assets in large and repetitive quantities. This sale method is employed to dispose of furniture, fixtures and equipment in connection with retail liquidations, as well as wholesale inventory or industrial equipment for which a short term public auction sale is not feasible due to limited market demand or specialized application of the equipment. Live Auctions: The live public auction is the most traditional sales technique for wholesale and industrial asset dispositions and one of the company’s utilized services. In live auctions, bidders gather at a specified date and time to competitively bid against one another, with each item selling to the highest bidder. The company’s live auctions could cover single sites or multiple locations, and it utilizes point-of-sale software to generate customized sales reports and invoices and to track ass

 

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