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Vintage Purses

Case History: Inventory Appraisal & Liquidation Strategy

Apparel & Accessories
Retailer

Miami, FL

When a single-location retailer needed a fast, credible inventory appraisal, Fortis delivered actionable insights for a lender—proving that no project is too small for expert attention.

Situation

A small, family-owned retail business specializing in handbags, apparel, and luggage was under review by its lender following the closure of a second location due to flood damage. With only one store remaining and no inventory tracking system in place, the lender needed a clear, independent assessment of their collateral. The operation was disorganized, turnover was slow, and a large portion of the goods were stored in a warehouse or arrived damaged—leaving the lender uncertain about the inventory's true value and liquidation potential.

Objective

Fortis Business Advisors was engaged to conduct a site visit, inventory audit, and liquidation value estimate for the business's remaining merchandise. This included an in-person count estimation of over 30,000 items, valuation at cost and liquidation, financial context, and a proposed liquidation strategy tailored for a single-location store. The goal was to help the lender understand the collateral position and options for recovery if liquidation became necessary.

Results​​​

Conducted a full inventory audit and cost valuation for an estimated 30,000 units across seven merchandise categories. 

Estimated retail, cost, and liquidation values, including damage adjustments and turnover projections.

Delivered a detailed report with comprehensive store photos, market indicators, and strategy recommendations.

Proposed a fee-based liquidation plan with expected 13-week recovery projections and merchandising tactics.

Demonstrated Fortis's strength in supporting single-store collateral reviews.

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