Drew Buys Big From A Shut-Down Department Store | Salvage Hunters 

Yes it's such a shame these stores are going but they simply aren't viable anymore in today's marketplace. There is one in the small town where I grew up (Barsleys, Paddock Wood) that seems to be surviving on fumes these days. The trade these places do get tends to be from the older generation, who still care about customer loyalty and would rather pay a bit more in their local store than get it cheap elsewhere. My parents are a good example of that as they still shop at Barclays. Sooner or later none of these independents will be left, save for the few famous and elite stores like Harrods.

Janet, I enjoyed your story as much as this video. Thanks for sharing it. ( :

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Yes, we have one in the small town where I grew up but it's running on fumes these days. Only a matter of time before they're all gone.

Globe - Wernicke

Correct. People always complain that he is greedy because he buys for maybe 1/3 of the resale value but as a business owner, I appreciate the overheads he has, e.g. paying his restorers, paying T for his time helping him on the van, paying 20% VAT on the selling price etc. Some of the profit he makes on all of his sales has to go towards the rest of his not inconsiderable business costs like insurance, electric, phone / internet etc. etc. Drew probably is a millionaire now, but good luck to him - he runs a decent business in the right way.

Still banging rebecca though.

Better than being skipped

Vultures are essential in their job of cleaning up.

That's Drew Pritchard who is an antiques dealer from Wales and these days, popular celebrity through his TV shows. He has a large regular client base and he knows what they want - that's experience I guess.

@Arabian K ….capital LOL on old emnim!😄 He does resemble him being an old man AhAHahaha😄

Correct, a point many people seem to overlook. It was a win win situation for both. Large heavy items are difficult to find buyers for and expensive to move and store. When time is money, expediency is the best way to go.

Yup. Having decided to vacate the unit he needs to empty it quickly. If Mr Randall is fussy about what he gets and dealers like Drew walk away, he's left having to put it all into expensive storage until someone buys it. He needed it gone.

Anything unsold would be auctioned for pennies or would end up in a skip. Hardly robbery.

Nonsense. If you think that is the case, you don't understand business.

Anything is worth what people are prepared to pay for it. You weren't prepared to pay his prices, fair enough but people do. That isn't robbery - it is business.

@@Wally-H you would have to have more money than sense than to do that

@@liverpudlian6205 Many of his clients have. He often talks about his rich London clients in the programme. Tell me honestly you wouldn't do the same if you could.

@@Wally-H theres a profit and thers ripping people off he is greedy

Yeah, your right....greedy. End of.

The Cameraman! 😃

That was for the stuff that used to be in the cabinets, not the cabinets themselves.

And geezers like this ripping off the owners shamelessly.

@Mikeandrew Hayden they don't have to sell to him. There are plenty of other outlets to sell unwanted junk but they chose him. He ain't buying it for himself it's his business, staff to pay etc etc. etc. So he's hardly ripping anyone off is he 🙄

Totally agree about the high streets closing down. Thanks for your considered reply, I relent on my comment. Have a good day.

Drew has to make his margin, allowing for all of his overheads including VAT on the sale, fuel on the van, T's wages, overnight accommodation on their long trips from Wales, corporation tax, paying the restorers he employes etc. If the Randalls don't like his offers, they can say no. That makes him a good businessman, not a conman. Learn the difference.

That's called buissness...when I grow up I want to be like mr.Drew

That's why he's a multi millionaire and you're not

Shop cabinets are easier to sell because Drew has said in the past that he has a lot of regular retail clients. Museum cabinets would be much harder to shift as they have a lower appeal.

The guy could have said no. Obviously you have never had a business of your own.

Refurb moving them all adds up.

@@aeiou1560 absolutely

Drew has to pay his restorers that he employs, taxes on sale etc. To end up making a reasonable profit there needs to be a good margin between purchase and selling price.

I hope that the sellers are keeping a Talley as they are going around, I hope that they were honest buyers

No he isn't. He needs to make his margin and pay his taxes in addition to paying the wages of his restorers.

@@Wally-H how do you know he isnt you know him well

Explain.

Didn't see the queue of other buyers ?

Rubbish. Add up Drew's overheads and the VAT he has to pay on each sale and you'd realise he needs to buy at maybe 1/3 of his selling price. As a businessman I understand that but many on here clearly do not.

Plus his TV fee.

hahaha

Ignoramus