CHIPPEWA FALLS, Wis. (WEAU) -- A Chippewa Falls grocery store chain is being liquidated.
The sale of food service equipment at Gordy's Market in Chippewa Falls began Thursday morning and is expected to continue until around 8p.m.
Owner of Nilssen’s Foods in Clear Lake Larry Nilssen said he attended because, “There isn't that many total liquidation sales so if there's something that you might need that you don't want to pay the freight on, it’s just a good idea.”
From large coolers, shelving, chairs, and even mop buckets around 600 items are being sold off by Minnesota based company Grafe Auction.
Jerry Connor with Stockman's Farm Supply & More said, “They had coolers that would normally sell for $8,000 and you're buying them for $300 bucks, yeah it’s a lot of savings.”
Grafe Auction said participants are getting bargain deals on food service equipment with much of it being new in 2005 and then updated in 2014.
President of the company Judd Grafe explained, “Prices at auctions many times is dependent on what the item is. An item that is widely used might sell for 50-70 cents on the dollar to a new one. An item that's more difficult to use, larger, has a lot of installation or tear-out, a lot of time the price is literally a penny on the dollar.”
More than 450 participants have registered to bid live online and around the same number are also attending the auction instore.
“We have people from Mexico, the United Kingdom, and most of the states so it's a well-attended sale online,” added Grafe. “Additionally we have over 180 registered out here onsite and generally we figure about two people per number so you have close to 400 people onsite as well.”
Two other Gordy's store locations are set to be auctioned off in the coming weeks, one in Richland center on Feb. 15 and the other in Hayward that has yet to be scheduled.