Going Out of Business Sale

[Ju]

The shop is going Out of Business Sale.

Does the above sentence mean the shop will be on sale?


Ju

[Rover_KE]

The shop is going out of business, so all the stock is being sold off cheaply.

The sale can be described as a GOING OUT OF BUSINESS SALE, or more commonly CLOSING-DOWN SALE.

The shop itself may or may not be for sale.

Rover

[Ouisch]

It should more properly say "The shop is having a Going Out of Business sale." And it means that the shop is closing permanently and that everything inside is for sale at a highly reduced price. When the average shop has a Going Out of Business sale, it will first mark down all inventory about 50 percent, then after a week or two 75 percent, etc. By then the shelves are usually picked pretty clean. After all the retail items are gone, the shop will often remain open to sell "fixtures" - shelving units, mannequins, cash registers, etc. - non-consumer items that other businesses might be interested in buying at drastically reduced prices. The business itself is not for sale, nor (usually) is the building. A Going Out of Business Sale is a way for the financially-troubled business owner to raise some much-needed cash before he permanently shutters his doors.

[Raymott]

Note also that many (if not most) businesses do not own their premises, but rent them. For example, big malls are owned by large Real Estate corporations. In this case, one of the expenses of going out of business would be to pay off the rental contract.