Buying Second-hand Restaurant Equipment at an Auction
If you are on a tight budget, auctions are some of the perfect places to purchase restaurant equipment. Restaurant auctions are not places for buyers who have no experience. However, with the following tips, you will be able to get assistance on what to look for in an auction so that you can walk away with high-quality second-hand restaurant equipment.
Before the Auction
Before the auction day come up with a reasonable budget.
Do not try to limit your budget so that you can buy less quality equipment for the same price of new ones
Do a brief research about the status of the auction house. If the auction house has been in business for a long time, then it’s a good indicator that the items being auctioned are of good quality
Check the main reason of the auction because in many cases, it’s usually one of the following:
– Liquidation auction or restaurant failure are the results of business failure
– Dead inventory auctions have equipment that is broken
Have knowledge of your kitchen since you do not want to purchase an item that won’t fit in your kitchen
At the Auction
Look for an item from a restaurant that did not have the equipment very long. Keep in mind that these items will need cleaning and improvement after purchase.
If the item you want to buy has a funny smell, think twice about buying it. The awful smell could be an indicator of a big problem.
Ensure that you do a thorough research about the auction house, where the auction house is buying the equipment and where you will place the restaurant equipment once you have bought it.