Liquidating Your Restaurant Equipment Through KMC: What to Know

8 March 2017 - 21:37, by , in Blog, No comments

Whether it’s because your rent has gone up or you’re ready to try other business ventures, sometimes restaurant owners must close their doors and move on to what’s next. Whatever the reasoning is, these owners are faced with a big challenge: figuring how to liquidate all the restaurant equipment.

While some may choose to sell each item individually, this process can be very tedious and time-consuming. That’s why many restaurant owners choose to liquidate their used restaurant equipment through Kohn-Megibow Company.

Interested in liquidating with KMC? Here are some of the key things know:

If you know your restaurant is closing, the first thing we recommend is for you to schedule a liquidation consultation as soon as possible. This will give you more flexibility and make your move go a whole lot smoother. Contact Kohn-Megibow Company and we’ll come to your restaurant for a walkthrough and consultation. We’ll perform a full inventory of all the equipment you need to sell. Then, we can further discuss your equipment liquidation options with KMC, which include the following:

1. Complete Buy
This is the quickest and simplest option. KMC will buy everything you have for cash. We will evaluate the equipment and offer you a bulk price. Once we move everything out of the property, we will hand you the check for the full amount. We make the process easy and stress-free.

2. Warehouse Sale

KMC can set up a public auction on your behalf. We will remove all the equipment from your restaurant, store it in our warehouse and prepare it for sale. There will be a charge for moving all the items, as well as a commission for all equipment sold in auction or through direct warehouse sales. Remember you are paying for Kohn-Megibow’s experience in selling used restaurant equipment, along with our marketing outreach and vast network of interested buyers. You can potentially make more money selling everything through KMC than doing it yourself through Craigslist or other means. Plus, we do all the work for you and you get paid when the equipment is sold.

3. We Are Flexible

If these two options don’t work for you, know that KMC is very flexible; we are more than happy to work with you until we find the right solution that best fits your needs. We will help facilitate the removal of items and can talk with your landlord to make sure certain equipment can be removed without damaging the property. Or, if you have some equipment that is very valuable or unique, we can find custom selling solutions that don’t involve grouping it in with the rest of the liquidation. Basically, there are many options and combinations of strategies we can implement to help you get the best desired results.

Last but not least, you may be considering selling your restaurant as a going business, meaning a new owner takes over operations and inherit all your equipment along with their new lease. Kohn-Megibow Company will help you explore your options and make the right choice. Sometimes liquidation is the better alternative, but either way we can help evaluate what you have. This information and insight will help you make more sound decisions.

If your lease is up or your restaurant is closing for any reason, contact Kohn-Megibow today for a comprehensive equipment liquidation consultation.

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