What does ‘Consignment’ mean?
Consignment is when a shop sells goods for an owner. The owner keeps ownership of his item until it sells. As the owner, you pay a small fee to the shop as compensation for them selling your item.
This is a big one! As a ‘consignee’, you don’t have to cough up the cash until the item is sold to the end user. In other words, the consignee doesn’t have to pay anything until the machine is sold, which improves cash flow and allows you to make use of all that newly free space!.
No matter how good the machine, there are some pieces that need to be placed in front of the customer in order to sell. Sometimes customers need to see, touch & test before they purchase. Consignment selling makes it far easier for us to make that final sale and for you to pocket the cash.
We can ship it, clean it & test it, but we certainly don’t own it! until the moment it sells you retain 100% ownership of your machines, and because we work on commission that means we are always highly motivated to get the best possible price every time.
