The Bin Store

What The Bin Store does

The Bin Store is a veteran-owned liquidation retail and wholesale company operating in the Southeastern United States. Founded in 2020 by Michael Prendamano and his wife Jen, the company operates three interconnected business lines: (1) company-owned retail bin stores selling brand-new overstock, Amazon customer returns, and major retailer liquidations through a daily markdown pricing model that starts at $6 on Friday/Saturday restock days and decreases $1 daily to $1 on Thursday; (2) TBS Liquidation, a wholesale division selling manifested pallets and truckloads (24–26 pallets per truckload) to resellers, Amazon FBA sellers, flea market vendors, and independent bin store operators nationwide from its Augusta, GA warehouse; and (3) Bin Store Brands, a licensing and consulting division that franchises the operating model and provides operational guidance to existing bin store operators. The company sells an estimated 800,000–1,000,000 products per store per year, restocks 40,000+ new items weekly across its retail footprint, and holds 4.6–4.7 star Google ratings across 1,400+ reviews.

The underlying technology is operational rather than algorithmic: a proven daily markdown pricing methodology, a manifested inventory system with category breakdowns and condition grades that distinguishes TBS Liquidation from blind-pallet auction platforms, and a centralized Augusta, GA warehouse supporting nationwide wholesale distribution. Inventory is sourced primarily from Amazon customer returns, Target overstock, and Bed Bath & Beyond liquidations. The company employs 60+ people across its retail stores, wholesale operations, and corporate divisions, and is structured under a Bin Store Brands parent with separate legal entities for each store and the pallet business.

Revenue mechanics span one-time retail transactions with no membership fees and all sales final, wholesale pallet transactions at fixed transparent pricing, and recurring or project-based licensing/consulting fees from the Bin Store Brands ecosystem. The company targets five distinct customer segments: bargain hunters and treasure hunters, college students near university campuses, military families near Fort Jackson and Fort Gordon, suburban families, and resellers/entrepreneurs. Founder Michael Prendamano's personal brand — anchored by the Liquidation Hustle Podcast, a free book, and coverage in Forbes, CBS, CNBC, Fox News, and other national outlets — functions as both a consumer marketing channel and a B2B lead-generation channel for the licensing and wholesale divisions.

Name

The Bin Store

Legal name

The Bin Store

Website

https://shopbinstores.com

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

51–100 employees

Short description

The Bin Store is a veteran-owned liquidation retailer operating company-owned bin stores in the Southeast (Columbia, SC; Grovetown, GA; Snellville, GA), a wholesale pallet division (TBS Liquidation) shipping nationwide, and a licensing/consulting arm (Bin Store Brands) that franchises its $6-to-$1 daily markdown model to resellers and entrepreneurs.

Ownership category

akta.pro rank

Product category

Liquidation Retail

NAICS

All Other General Merchandise Retailers (455219), General Merchandise Retailers (455)

SIC

Retail-Variety Stores (5331), Retail-Misc General Merchandise Stores (5399)

akta.pro primary industry

General Closeout & Liquidation Stores (CRAEAFAA)

akta.pro secondary industry

Overstock & Surplus General Merchandise Retail (CRAEAFAB)

Keywords

• Liquidation retail
• Overstock merchandise
• Wholesale pallets
• Amazon returns
• Bin store

Headquarters

HQ city

Grovetown

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Supply Chain, Personnel, Operations, Marketing or Sales, Infrastructure, Others

Revenue model

1. Retail Bin Store Sales: Revenue generated from direct retail sales of Amazon returns and overstock merchandise at daily flat-rate prices ($6→$1 per day). Each store sells 800,000 to 1,000,000 products annually. Two active retail locations in Columbia, SC and Grovetown, GA, with a third in Snellville, GA.
2. Wholesale Pallet & Truckload Sales (TBS Liquidation): Wholesale division selling liquidation pallets and truckloads (24–26 pallets per truckload) to resellers, bin store operators, Amazon FBA sellers, and flea market vendors nationwide. Fixed pricing model with detailed manifests. Warehouse open to visitors by appointment in Augusta, GA.
3. Licensing & Consulting (Bin Store Brands): Licensing division helps entrepreneurs open branded The Bin Store locations. Consulting division provides guidance to existing non-branded bin store operators including store layout, pricing strategies, marketing support, and inventory sourcing. Comprehensive tools and strategies for bin store growth.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels9 records

Core offering

The Bin Store operates company-owned retail bin stores that sell brand-new overstock and Amazon customer-returned merchandise at a daily markdown cycle starting at $6 per item on Friday/Saturday restock days and decreasing by $1 per day through Thursday's $1 clearance. The company also runs TBS Liquidation, a wholesale division that sells manifested pallets and truckloads of 24–26 pallets each to resellers and bin-store operators nationwide, and Bin Store Brands, a licensing and consulting arm that helps entrepreneurs open branded bin store locations and advises existing non-branded operators.

Product overview

The Bin Store is a retail liquidation business operating three interconnected divisions: (1) The Bin Store — company-owned retail bin stores selling brand-new overstock and Amazon returns using a daily markdown pricing model ($6 to $1 over the week), with 2 active Southeast locations in Columbia, SC and Grovetown, GA; (2) TBS Liquidation — the wholesale division supplying liquidation pallets and truckloads to resellers and bin-store operators nationwide with manifested inventory; and (3) Bin Store Brands — the licensing and consulting arm enabling entrepreneurs to open branded bin stores or providing operational guidance to existing stores, all tied to the brand established by founder Michael Prendamano.

Differentiator

Problem solved

Functional benefit

Products and services

• The Bin Store (Retail Stores) Company-owned retail bin stores selling brand-new overstock and Amazon customer-returned merchandise at a daily flat-rate markdown ($6 Friday/Saturday down to $1 Thursday). Currently operates three retail locations serving the Southeast U.S. including Columbia, SC and Grovetown, GA.
• TBS Liquidation (Wholesale Pallets and Truckloads) Wholesale division selling manifested liquidation pallets and truckloads of Amazon returns and major retailer overstock to resellers, Amazon FBA sellers, flea market vendors, and independent bin-store operators nationwide. Includes category breakdowns and condition grades in every manifest.
• Bin Store Brands Licensing Licensing program that grants entrepreneurs the right to open branded The Bin Store locations with established brand recognition, marketing support, and access to the proven $6→$1 daily markdown operating model.
• Bin Store Brands Consulting Consulting services for existing non-branded bin store operators covering store layout design, pricing strategies, marketing support, inventory sourcing, and operational best practices from experienced bin-store professionals.

Quantifiable outcome

• Up to 90% off retail on brand-name merchandise
• +4 more outcomes

Named customers8 records

Segments5 records

Ideal customer profiles3 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 secondary.

• AmazoncoreOthersAmazon is the primary source of customer returns and overstock merchandise that The Bin Store sells at liquidation. The company explicitly positions itself as an 'Amazon Bin Store Near Me' destination and sells Amazon customer returns sourced through Amazon's liquidation programs.
• TargetcoreOthersTarget is explicitly listed as a source of overstock merchandise sold at The Bin Store. The company features Target overstock alongside Amazon returns and major retailer liquidations.
• Bed Bath & BeyondsecondaryOthersBrand new Bed Bath & Beyond merchandise sourced from the retailer's liquidation is available through The Bin Store's wholesale and retail operations.

Scale indicators6 records

Recent moves9 records

Expansion highlights6 records

Broad incumbents

• Big Lots: Big Lots is a national closeout variety retailer selling general merchandise, food, and seasonal items at deep discounts. It operates in the same broader discount/closeout category as The Bin Store but with a wider assortment, larger store footprint, and established supply chain with major retailers.
• Dollar Tree: Dollar Tree is a large publicly traded discount variety retailer operating thousands of stores selling consumables, seasonal goods, and general merchandise at fixed low price points. It overlaps with The Bin Store on broad discount general-merchandise positioning but operates at much larger scale with a fixed-price rather than daily-markdown model.
• Five Below: Five Below is a publicly traded extreme-value retailer offering trend-right, high-quality merchandise at $5-and-below pricing across 1,700+ stores. It overlaps with The Bin Store on discount general merchandise positioning but anchors on a fixed low price point rather than a daily markdown model.
• HomeGoods (TJX Companies): HomeGoods is part of TJX, the largest off-price apparel and home retailer in the US. It sells an ever-changing assortment of brand-name home goods at significant discounts, sharing The Bin Store's treasure-hunt discovery model and overstock sourcing approach but at vastly larger scale and with curated home-focused categories.

Direct peers

• 888 Lots: 888 Lots is a national online retailer specializing in liquidation pallets and customer return pallets, offering both wholesale pallet sales and direct-to-consumer closeout deals. It directly overlaps with both The Bin Store's retail closeout concept and TBS Liquidation's wholesale pallet model, with comparable treasure-hunt positioning.
• Ollie's Bargain Outlet: Ollie's is a publicly traded closeout retailer selling brand-name merchandise at deep discounts across ~500 stores nationwide. It is the most direct scaled analog to The Bin Store's closeout/overstock retail concept, with similar treasure-hunt positioning and reliance on opportunistic inventory sourcing from major retailers.

Others

• B-Stock Solutions: B-Stock is the largest B2B marketplace for buying and selling liquidation inventory, connecting retailers with resellers through online auctions. It is directly comparable to TBS Liquidation's wholesale division but operates as an auction platform with blind-pallet listings rather than TBS's fixed-price, 100% manifested model.
• Liquidation.com (Liquidity Services): Liquidity Services operates Liquidation.com, one of the largest online auction marketplaces for wholesale liquidation inventory from major retailers. It competes with TBS Liquidation in serving resellers and bin store operators but uses a blind auction model rather than TBS's transparent fixed-price manifest approach.

Market position

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/ShopBinStores
• YouTubeyoutube.com/@thebinstore
• Facebookfacebook.com/TheBinStores
• LinkedInlinkedin.com/company/the-bin-store
• Instagraminstagram.com/shopbinstores
• TikToktiktok.com/@shopbinstores

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries3 records

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 The Bin Store