Save Thousands by Buying
Used Restaurant Equipment

Let me give you a little in-site into how to save thousands of dollars on you opening costs expenditures. Spend the savings on marketing and promotion for your opening and turn the thousands saved into tens of thousands more money coming into your bank account.

You know the figures about the odds of making it in the restaurant business; some 70% don’t make it through their first year, 90% don’t make it three years. Why? The biggest reason is under capitalization. Well this should set off alarm buzzers in your head. First and foremost, watch those pennies right from the start, and secondly, where did all that great new equipment go from the 75% of the restaurants that just went out?

Where to Look
Enter the used restaurant equipment market. Every area has local suppliers that deal in used restaurant equipment so starting with them is always a good idea, but they are not the only show in town. Quite frequently you can find the owners of restaurants that have closed recently have stuffed all their equipment into a storage unit and are paying that bill every month to keep their things. They will be more than willing I’m sure to get rid of all they can for pennies on the dollar.

Another key resource is your local paper where you will find listings for individual pieces as well as possible auctions too. The problem with the paper, however is that it is limited to the selection available at any one time.

Used equipment auction houses fix that problem and usually have a huge selection of equipment. They are probably not located down the street from you, but if you plan ahead a drive to a near-by auction will always be worth the trip. Look here for a good listing of used restaurant equipment auctions . Before you go to any used equipment auction make sure you read our article on how to save a bundle at "restaurant Auctions.