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Products Plus, Inc.: Your Trusted Liquidation Partner

Founded by CEO Bruce Warneck in 1987, Products Plus, Inc. specializes in liquidating excess stock with an estimated worth of $70 million. The company operates with a staff of eight and generates impressive revenues of $450,000 per employee annually. Products Plus deals exclusively in cash transactions, boasting a 20% above-normal return rate with 90% of new accounts coming from referrals. Major vendors include Kodak, Teac, Bushnel, and Motorola, while buyers like Overstock.com, Excess Cargo, and Amazon form the core customer base. Through differentiation and cost leadership strategies, Products Plus emphasizes a corporate culture that values both profitability and enjoyment. The company's opportunities for growth lie in external factors like economic conditions and service providers, as well as internal enhancements such as software integration.

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Products Plus, Inc.: Your Trusted Liquidation Partner

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Presentation Transcript

  1. Products Plus, Inc. Sarah Kibbe Patrick Hile Michael Pena Carly Wallace

  2. Introduction • Liquidation of excess stock • Staff of eight • Estimated worth is $70 million

  3. Company History • CEO & Founder Bruce Warneck • SJSU Graduate • Corporate World? • Entrepreneur • Products Plus • Created on October 16, 1987 • Became incorporated in 1991

  4. Current Status • Products Plus • $70 Million • $450,000 Revenues per Employee per year • 90% of new accounts are from referrals • Deal exclusively in cash transactions • 20% Above Normal Returns!!!

  5. Major Vendors and Buyers • Four main vendors • Kodak • Teac • Bushnel • Motorola • Major buyers • Overstock.com • Excess Cargo • Amazon

  6. Porter’s 5 Forces Model

  7. Strengths & Strategy • Differentiation • Cost Leadership • “Have Fun and Make Money” • Warneck • Company Structure • Corporate Culture

  8. Weakness and Opportunity • External • Economy • Service Providers • Adaptation • Internal • Software Opportunities? • ERP

  9. Products Plus, Inc. • Thank You

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