Closeoutrader.com

What Closeoutrader.com does

Closeoutrader.com is a privately held B2B online marketplace and wholesale liquidation platform that facilitates the trade of overstock, closeout, and surplus brand-name inventory. Founded in 2013 by Hemi Kim and headquartered in Los Angeles at 420 E. 11th St. Suite 204, the company operates between sellers — retailers, wholesalers, manufacturers, and liquidators seeking to convert excess stock into cash — and buyers including online resellers (Amazon/eBay), wholesalers, distributors, boutique and specialty stores, discount retailers, and government/hospital procurement entities.

The platform is built around a categorized catalog of 15 product verticals (Apparel, Baby Products, Bedding, Consumer Electronics, Fashion Accessories, Food & Beverages, Furniture, General Merchandise, Hardware & Tools, Health & Beauty, Home & Garden, Kitchen & Home Appliance, Shoes & Footwear, Sporting Goods & Camping, and Toys), with new-arrivals display, EXW/FOB pricing, manifest-based listings, and live chat support. Inventory is sourced through partnerships with the largest liquidators operating under direct manufacturer contracts, and merchandise is offered at 40-60% below wholesale. Buyers register to receive tailored daily offers via email, with sales executives and dedicated account managers handling order confirmation through pickup.

The revenue model is primarily transactional merchandise sales at unit prices between $0.45 and $105, supplemented by mark-ups on excess inventory the company purchases from sellers for resale, and fee-based freight and customs documentation services for international buyers. GTM is sales-led and high-touch, including on-site facility inspections for large buyers, prepaid shipping labels, a 5-business-day dispute resolution process, and a six-step seller intake flow. The company self-reports 11+ years of industry presence, claims worldwide reach through strategic shipping partners, and operates an LA showroom by appointment, with a small (1-10) employee base and no disclosed external funding.

Name

Closeoutrader.com

Legal name

Closeoutrader.com

Website

https://closeoutrader.com

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

1–10 employees

Short description

Closeoutrader.com is a B2B online marketplace and wholesale liquidation platform that buys and sells brand-name overstock, closeout, and surplus inventory at 40-60% below wholesale, serving online resellers, wholesalers, retailers, and government buyers globally from its Los Angeles headquarters.

Ownership category

akta.pro rank

Product category

Wholesale Liquidation Marketplace

NAICS

General Merchandise Retailers (455)

SIC

Retail-Misc General Merchandise Stores (5399)

akta.pro primary industry

Online Closeout & Liquidation Marketplaces (CRAEAFAF)

akta.pro secondary industries

General Closeout & Liquidation Stores (CRAEAFAA), Closeout Apparel, Footwear & Accessories Retail (CRAEAFAJ)

Keywords

• Liquidation marketplace
• Closeout wholesale
• Excess inventory trading
• Overstock merchandise resale
• B2B surplus goods

Headquarters

HQ city

Los Angeles

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Digital Commerce or Content

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Supply Chain

Revenue model

1. Merchandise Sales: Revenue generated from selling liquidation, closeout, and overstock merchandise at discounted prices. Products are sold at 40-60% below wholesale pricing with unit-based pricing ranging from $0.45 to $105 per unit depending on product category and quantity.
2. Excess Inventory Acquisition: Company purchases excess inventory from sellers, then resells to their global buyer network. The margin is derived from the difference between purchase price and resale price.
3. Freight & Shipping Services: Assistance with freight needs including documentation for customs clearance, facilitating international shipping through strategic shipping partners

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

Closeoutrader.com operates a B2B online marketplace that connects sellers of brand-name excess inventory, closeouts, and overstocks (retailers, liquidators, manufacturers) with global buyers (wholesalers, online retailers, chain stores, specialty shops) seeking discounted merchandise. Products are offered at 40-60% below wholesale pricing across 15 main product categories including apparel, consumer electronics, furniture, health & beauty, and home goods. The platform combines a web-based catalog with sales-led account management, inspection services, and freight forwarding for international orders.

Product overview

Closeoutrader.com is a B2B online marketplace and wholesale liquidation platform that enables the trade of overstock, closeout, and surplus inventory. The platform serves both sellers (retailers, wholesalers, liquidators looking to convert excess inventory to cash) and buyers (importers, online retailers, department stores, boutique shops seeking discounted merchandise). The core product is a web-based marketplace with a categorized product catalog organized across 15 major categories: Apparel, Baby Products, Bedding, Consumer Electronics, Fashion Accessories, Food & Beverages, Furniture, General Merchandise, Hardware & Tools, Health & Beauty, Home & Garden, Kitchen & Home Appliance, Shoes & Footwear, Sporting Goods & Camping, and Toy. Products are sourced from brand name liquidations, closeouts, and overstocks, with offerings ranging from individual apparel items to bulk pallets of consumer electronics. The platform operates with a 6-step seller intake process and provides order inquiry functionality for buyers rather than direct online purchasing.

Differentiator

Problem solved

Functional benefit

Products and services

• Closeoutrader.com Marketplace
• Excess Inventory Purchase Service

Quantifiable outcome

• Merchandise offered at 40-60% below wholesale price
• +1 more outcomes

Segments7 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Three partnerships are on record, tiered core and minor.

• Largest Liquidators (Under Direct Contract with Manufacturers)coreStrategic or Co-development PartnerStrategic partnerships with the largest liquidators who have direct contracts with manufacturers. This enables Closeoutrader buyers to get direct access to all excess inventories in one centralized location, and enables quick response when goods are available while transferring savings to buyers.
• Strategic Shipping PartnerscoreChannel Partner/ Reseller/ DistributorPartnerships with shipping carriers to facilitate international shipping and freight forwarding services. These partners assist with documentation for customs clearance, enabling smooth export experience for international customers.
• Various Vendors (Sample Showroom Partners)minorChannel Partner/ Reseller/ DistributorOperating sample showrooms from various vendors across the US and global markets, allowing customers to inspect merchandise before purchase.

Scale indicators3 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• BULQ: BULQ is an online wholesale liquidation marketplace offering pallet and truckload lots of name-brand merchandise at fixed prices. It targets the same reseller base (online sellers, small businesses) and competes head-on with Closeoutrader's buyer-facing experience and category coverage.
• BlueLots: BlueLots is an online B2B liquidation marketplace selling overstock, customer returns, and excess inventory in bulk lots. It competes directly with Closeoutrader across multiple categories including apparel, electronics, and general merchandise for the same online reseller and small buyer audience.
• B-Stock Solutions: B-Stock is the leading B2B online liquidation marketplace, operating industry-specific platforms (e.g., B-Stock Supply for general merchandise). It sells returned, overstock, and excess inventory from major retailers and manufacturers using a mobile auction format — directly comparable to Closeoutrader's online marketplace model serving similar resellers and liquidators.
• BoxFox: BoxFox operates a B2B marketplace for retailers and brands to liquidate excess inventory and customer returns, helping recover margin through direct peer resale. It is comparable to Closeoutrader's "Excess Inventory Purchase Service" flow and serves a similar supplier-and-buyer ecosystem.
• Quicklotz: Quicklotz is an online and physical liquidation marketplace selling pallets and truckloads of returns and overstock across apparel, electronics, home goods, and general merchandise. Its direct-to-reseller model and category mix overlap substantially with Closeoutrader's platform.
• Direct Liquidation: Direct Liquidation operates a B2B liquidation marketplace sourcing pallet and truckload lots from major retailers (Walmart, Amazon, Target) for resellers. Its model — connecting liquidators with resellers through an online platform with manifest listings and inspection — closely mirrors Closeoutrader's value proposition.
• Via Trading: Via Trading is a wholesale liquidation company supplying name-brand merchandise in bulk lots (pallets, truckloads, smaller bundles) to resellers. Its direct-sale wholesale model and category breadth overlap with Closeoutrader's buyer offerings, particularly for resellers wanting larger pack sizes.

Others

• Randa Apparel & Accessories: Randa is a major supplier of branded apparel, footwear, and accessories (e.g., Levi Strauss, Dockers, Reebok) and itself generates excess inventory routinely flowing through liquidation channels like Closeoutrader. It represents a likely upstream supplier on the Closeoutrader platform and a benchmark for branded apparel closeout sourcing dynamics.

Broad incumbents

• Liquidity Services: Liquidity Services (NASDAQ:LQDT) is the largest publicly traded operator of B2B liquidation marketplaces (Liquidation.com, GovDeals, GovPlanet). It operates across multiple verticals and geographies at scale, providing both competitive threat and a comparable benchmark for what a mature Closeoutrader-type platform could become.
• Amazon Liquidation Store: Amazon's official Liquidation Store sells returned, used, and open-box items in palletized lots directly from Amazon to resellers at steep discounts. While vertically integrated to its own supply, it competes with Closeoutrader for the online-reseller demand pool (especially Amazon/eBay sellers identified as a primary segment).

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/closeoutrader

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Closeoutrader.com