Disclaimer: The statement and figures below are estimates only, and are in no way guaranteed. Each prospective dealer should conduct its own thorough investigation of the viability of the business model in their own locale, and in the context of their own locale’s costs of doing business. Costs of opening and first-year losses could be higher and/or lower than stated, and perhaps dramatically so. Potential dealers should understand the risk inherent in beginning any new business—no matter how proven a concept—and be willing to sustain the potential loss of their investment. Success is NOT guaranteed.
Investment
Wondering how much you need to invest?
We created this short video to explain the costs of opening a BidRL.com
Application
No Application Fees
No Startup Fees
No Buy In Costs
Costs To Open
Cost Of Leasing Space
Cost Of Equipment & Furnishings
Cost Of Staffing
Historically, Costs Are Between 40k-60k
Operating Expense
Inventory Expense
Employee Expense
Taxes & Utilities
BidRL Fee - 6%
It is expected that any new location will take two years to reach maturity, thus profitability is not generally achieved during the first year of business. Including all startup costs, the new dealer should expect to end their first year with an operational loss of approximately $250,000. Profitability is generally achieved by or in year three.
Why Invest With BidRL?
BidRL.com is part of RL Liquidators, a nationally known and highly respected liquidation company. As a BidRL.com dealer you have access to the technology, processes, people and industry expertise necessary for success. You also have a team of people dedicated to helping you achieve it.
Rich Infrastructure
Plug into our existing network
- Proprietary software - Cutting edge technology - Purpose built equipment - Time tested processes - Continuous Improvement - World Class Support - Dealer Community
