Aspiring restaurant owners may think of new kitchen equipment as necessary for growing their startup businesses. However, you can still make as much profit with used restaurant equipment as long as they are in good working condition.
According to the National Restaurant Association, about 8 in 10 restaurant owners started at entry-level positions with used equipment in their industry careers. So, if you want to be just as successful, read the insights below on how you can save money and grow your business by starting off a business with used restaurant equipment.
1. Prevents Financial Mismanagement at Seed Stage
Using used restaurant equipment at the initial stages of your business will help you save more money which you could use for marketing your products, paying off insurance, and settling fixed costs. Extending the budget for these costs at the initial stages gives you an excellent chance to get more return on investment. Moreover, you can use the profits for setting up a modern and versatile kitchen later on.
2. Negotiability Factor
If you decide to furnish your business with new and modern equipment, you will have few chances of negotiating the prices. You are even likely to end up spending more than you can afford. However, purchasing used restaurant equipment allows you to spend less because they have no rigid prices. They have a depreciated value, so you can get great equipment at affordable prices if you are good at negotiating.
3. Complimentary Things
As you negotiate the prices of bulk used restaurant equipment, you can request freebies like mixers, toasters, spoons, prep tables, etc., from suppliers to get better deals. Most dealers throw in a few of these small pieces as a sign of goodwill.
4. On-site Maintenance
Like new equipment, used restaurant equipment sold by authorized Restaurant Supply Stores has warranties that guarantee you quality service for a good number of years before they need replacement. The vendor provides you with on-site maintenance free of charge or at a subsidized cost in case of equipment failure.
Buying used restaurant equipment in good working condition gives you better value for your money in the long and short term. It prevents your infant business from collapsing at the initial stages and offers you as much service as brand-new items. If you’re looking for restaurant equipment or cooking supplies for your business, visit our website today!