I have plans to close my current business and open a new one. I'm currently running a Fashion and clothing business. My friend invited me to join him in the Transportation business which is in its initial stage of set up. I would like to consult Michaels Global Trading, one of the merchandise liquidators in Toronto. Will they help me in closing my current business? I don't have any idea on the liquidation process. Please let me know if you have any suggestions on closing a business in a better and beneficial way!
This is May from Shopify. Welcome to our Shopify Community.
I am not very familiar with liquidation or merchandise liquidator companies, however, I do have a suggestion if you're planning on closing your store. Have you consider selling your business? We have a program called Exchange, which is a marketplace where Shopify merchants can list their stores and sell them to prospective entrepreneurs. Feel free to learn more about this program here. I also recommend checking out Exchange's documents to find out more about the process, as well as this blog that tackles the topic around selling a business. Hopefully these resources can help you decide if selling your business on Exchange is a good fit for you.
If this peaks your interest, you can sell your store from your admin by going into you 'Settings > Account', under 'Store status' click on 'Sell or close store', or follow the guide on the Exchange help page.
Please let me know if you have any questions!