Operating business46% entry signalMarket screen4 sourced figuresOne thing must be truemarket size

Second-Hand Goods Wholesaler

Prepared 2026-09-19

The industry — Other miscellaneous merchant wholesalers

Base industry report for 4189 →
Establishments · CanadaA
1,419
with employees
Under 10 employeesA
79%
most common size: 1–4

Of 1,419 Canadian establishments with employees, 79% have fewer than ten — an industry of very small operators.

Entry signal — what decides who wins here

One thing must be true
Structure decides One thing must be true Execution decides

Entry turns on a single condition that can be named and tested before much is spent. Clear it and this becomes an execution question; fail it and no amount of operating skill helps.

What you would have to beat

Widen the definition, or stack this niche with others. The prize as drawn will not carry a business on its own; it may still be worth owning as one line of several.

How it was read
Binding constraintUNVERIFIEDmarket size — Market shape — being better does not, by itself, clear it.
How fragmented the field isA79% of establishments have fewer than ten employees — Fragmented — there is share to take and no scale operator to displace.
What it costs to be in the businessUNVERIFIEDmedium capital — The structural profile of subsector 418, inherited by every industry beneath it.
How many new establishments are still tradingA
Wholesale Trade, US · opened 2020
82.8%
1 year
64.3%
3 years
51.2%
5 years
34.4%
10 years
opened 2015

Measured, not forecast: the share of US establishments opening in one year that were still active later. It counts good operators and bad ones together, which is exactly why it is the honest answer to “what are the odds”. It is for the whole sector rather than this market, and the ten-year figure comes from an older cohort because no younger one has reached ten years.

This is not a probability of success, and it is not a verdict on you. No survival probability is published per market, and inventing one would be worse than saying so. What the bar reads is how much of the outcome sits inside an operator's control: green means the hurdles are ones a better operator clears, red means the binding constraint is capital, an asset or a permission rather than execution. Someone arriving with an advantage this screen did not assume can win a market shown in red.

Companies named in this market · 8

The binding constraint — market size

A residual: second-hand goods other than machinery and vehicles (41893), and 'all other' merchant wholesalers (41899) — a list that runs from used clothing graders to whatever did not fit any other wholesale industry. The residual cannot be screened as one market, and its published total shows why: Canadian operating revenue for the group reads $33.6B in 2021, $18.8B in 2022 and $17.3B in 2023 [A], a halving that the source does not explain and that probably says more about what is filed here than about any trade. This record screens the one nameable niche, second-hand goods, and leaves the rest unexamined. The niche is reachable — a warehouse, a baler, a sorting table — and the federal small-business benchmark shows what it pays: 161 businesses with revenue between $30K and $5M, averaging $476K of revenue and $33K of net profit; even the top quartile averages $1.6M of revenue and $67K of profit [A]. That is a wage, not a return. The mechanism is visible in the same table: cost of sales takes 70% of revenue, because the feedstock is bought by the pound from the charities and collectors who control donation streams, and the sorted output is sold by the pound into export markets that set the price. The wholesaler adds sorting labour between two price-takers' prices. The scrap-yard record next door (4181) describes the same squeeze with a permitted site as the asset; here there is not even that. Anything else attractive inside 4189 needs its own record. The distribution software sold to wholesalers is screened separately.

Market scaleregionalunit: one sorting warehouse and the collection area it buys donated or surplus goods from

Used goods are bought in bulk from collectors, charities and retailers within trucking distance of the sorting floor, while the graded output is baled and sold nationally or exported. The constraint on a wholesaler is its access to local feedstock, so the collection area is the unit; the 'all other' half of the code has no shared geography at all.

Canadian establishments with employeesA 1,419 across the whole residual group, of which 831 have 1–4 employees (Statistics Canada, December 2023)
Canadian group operating revenueA $33.6B (2021), $18.8B (2022), $17.3B (2023); pre-tax profit margin 6.4% in 2023 (Statistics Canada Annual Wholesale Trade Survey, table 20-10-0077-01, 2023 preliminary) — the 2021–22 break is unexplained in the source
Second-hand goods wholesalers (41893), small-business benchmark, 2024A 161 businesses with revenue $30K–$5M; average revenue $476.0K; average net profit $33.1K (ISED Financial Performance Data, from Statistics Canada tax-file estimates)
Same benchmark, top revenue quartileA Average revenue $1,623.0K; average net profit $66.9K
Same benchmark, cost of salesA $332.0K of $476.0K average revenue — about 70%
I

Who you would be competing with

The operators already at scale here, and whoever is buying these businesses. In most of these industries the competition an entrant meets is local, so this is who sets the terms rather than a list of everyone in the trade.

Largest operator
Savers Value Village (NYSE: SVV) — not a wholesaler, but the largest for-profit buyer of charity-collected goods in Canada, and therefore the firm that sets what the feedstock costs
Scale
FY2025 net sales US$1,679.0M against US$1,537.6M, up 9.2% in a 53-week year ended 3 January 2026.
Concentration
Not published. The wholesale layer beneath it is tiny and visible only in tax data: 161 businesses with revenue between $30K and $5M, averaging $476.0K of revenue and $33.1K of net profit.
Others in the field
The charities that control the donation streams and increasingly retail them themselves — Goodwill, the Salvation Army, Diabetes Canada; the textile graders and exporters who buy what does not sell on the floor — Bank & Vogue in Ottawa, Whitehouse & Schapiro, Garson & Shaw; on the surplus and returns side Liquidity Services and B-Stock, which take the same goods through a different door; and 831 of 1,419 Canadian establishments with fewer than five people.
Lock-in mechanism
Not assessed — screened before diligence. What binds in this trade is the supply agreement with a charity, not any customer relationship; the graded bale is sold to whoever bids.
Price movement
The only price series found is the expense line: cost of sales takes $332.0K of $476.0K of average revenue — about 70% — for businesses that add sorting labour between a bought-by-the-pound input and a sold-by-the-pound output.
Is the buyer consolidating?
No — Not at this layer. Savers consolidates retail thrift, not grading and baling, and no buyer of second-hand goods wholesalers was identified — no transaction price for one was located. An entrant would be building something with a $33K average profit and no observable exit.
F

Financials & market size — sourced

Figures that came from a filing, a results release or reputable reporting, each carrying its evidence tier.

Savers Value Village net sales, FY2025A US$1,678.954M, up 9.2% from US$1,537.617M; 53-week year ended 3 January 2026
Second-hand goods wholesalers (41893), small-business benchmark, 2024A 161 businesses, revenue $30K–$5M; average revenue $476.0K; average net profit $33.1K (ISED Financial Performance Data)
Same benchmark, top revenue quartileA Average revenue $1,623.0K; average net profit $66.9K
Same benchmark, cost of salesA $332.0K of $476.0K average revenue — about 70%
$

Market size, derived

Built from the competitor set upward rather than quoted from a forecast. Published TAMs in these categories are frequently reverse-engineered from each other, so any published figure is checked against the vendor arithmetic rather than trusted on its own.

Revenue floor
$1.7B

Disclosed revenue from 1 of 5 named vendors. The market is at least this large.

Implied total — revenue ÷ share
—

No vendor has both a disclosed revenue and a published share.

Published forecast
—Floor only

Only a revenue floor is known — the true market is larger by whatever the undisclosed vendors earn.

Competitor set · 5 named · 1 disclose revenue

NameRevenueShareNote
Savers Value VillageNYSE: SVVA $1.7B — FY2025 net sales, US$, 53 weeks to 3 January 2026 — Buys graded goods from charity partners and retails them; the largest single bidder for the feedstock a wholesaler here would need
Goodwill / Salvation Army / Diabetes CanadaC not disclosed — The charities that own the donation streams. They are the supplier, and where they run their own stores they are also the competitor; their filings were not opened for this record
Bank & Vogue / Whitehouse & Schapiro / Garson & ShawC not disclosed — Used-clothing graders and export brokers — the incumbents in the niche this record screens; privately held, publish nothing
Liquidity Services / B-StockC not disclosed — Surplus and returns marketplaces that route the same goods around the sorting floor entirely; not researched for this record
The Canadian wholesalersA not disclosed — 1,419 establishments with employees across the whole residual group, 831 of them under five people; Ontario 637, Quebec 306 (Statistics Canada, December 2023)

Evidence

Evidence. Group revenue and margin are from Statistics Canada's Annual Wholesale Trade Survey via ISED's Canadian Industry Statistics page for NAICS 4189, 2023 preliminary [A]. The 41893 small-business figures were read from ISED's Financial Performance Data report for data year 2024 (all businesses, Canada, revenue $30K–$5M), which carries reliability grades of B to E on individual lines [A]; it covers small firms only and excludes anything above $5M of revenue. The fall in group revenue between 2021 and 2022 is attributed here to reclassification as an inference — the source does not explain it. That feedstock is controlled by charities and collectors and sold on by the pound is industry knowledge, not sourced; no listed company or transaction anchors this niche. The larger half of the code, 41899 — all other merchant wholesalers — was deliberately not screened: it has no common product, customer or price mechanism to screen. The cut factor is analyst judgment.

#

Where the industry talks

The associations, forums and events where people in this trade actually talk shop — where to listen before entering, and where the first customers are found. Each link was opened on the date shown.

AssociationInternationalA
Secondary Materials and Recycled Textiles Association (SMART)
smartasn.org

Trade association of used-clothing graders, wiping-material and fibre firms since 1932; the direct fit for used-clothing wholesalers. No member count published.

Checked 2026-09-22
EventCanadaA
SMART Fall Conference
smartasn.org

SMART's 2026 conference is in Montreal, October 20-22, 2026 (Marriott Chateau Champlain), per the event page.

Checked 2026-09-22
AssociationInternationalA
Bureau of International Recycling (BIR)
bir.org · 950 members (2026-09)

'Direct membership of over 950 companies and 37 national associations from 70 countries', per its home page; has a Textiles division.

Checked 2026-09-22
AssociationUSA
NARTS, The Association of Resale Professionals
narts.org

US association of resale, consignment and thrift stores since 1984, the retail customers of used-goods wholesalers. No member count on the site.

Checked 2026-09-22
EventUSA
ASD Market Week
asdonline.com

Las Vegas wholesale merchandise show (including closeouts and general merchandise); next edition March 2-4, 2027, per the site.

Checked 2026-09-22
SubredditInternationalC
r/Flipping
reddit.com

Resellers' subreddit on sourcing and selling second-hand goods; could not be opened from this network, subreddit-stats sites show it active.

Checked 2026-09-22

No Canadian association specific to second-hand goods wholesaling was found; CARI (listed under 4181) covers textile recycling among other materials.

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Software serving this industry

Vertical software markets filed along the same branch of NAICS — who sells to these businesses, and who an entrant would have to displace.