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A Guide to Liquidating Your Restaurant Equipment with KMC

7 March 2024 - 21:49, by , in Blog, No comments

Closing down a business or in need of quick cash? Restaurant owners have several options when it comes to liquidating their equipment. Here’s a comprehensive guide to help you navigate the process:

Preparing Your Equipment for Sale:

Before putting your restaurant equipment on the market, take the following steps:

  • Ensure every inch of equipment is cleaned and polished for a good first impression.
  • Locate equipment manuals and warranties to provide to the next owner.
  • Seek advice from an equipment appraiser to determine a fair price based on the equipment’s value.

Exploring Selling Options:

  1. Online Platforms like eBay or Craigslist: These platforms offer quick sales, but be sure to provide detailed descriptions and quality photos to justify your asking price. Be prepared for negotiation and low-ball offers.
  2. Target Startup Restaurants: New restaurant owners often seek used equipment for efficiency and affordability. Educate them on what they need and be open to negotiations on price.
  3. Approach Restaurant Chains: Larger restaurant chains regularly update equipment and may be interested in purchasing used items. However, be aware of their specific brand preferences and pricing expectations.
  4. Partner with KMC: If selling the equipment yourself isn’t your preference, consider reaching out to Kohn-Megibow Company. With over 100 years of experience, they hold auctions every other Wednesday, attracting a diverse range of buyers. Rest assured, all equipment sold is thoroughly tested and inspected, guaranteeing quality at unbeatable prices.

Liquidating your restaurant equipment doesn’t have to be daunting. With careful preparation and exploring various selling options, you can maximize returns and find the right buyers for your items. Reach out to KMC today to start the process!

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