Maybe you’re thinking of upgrading your old restaurant equipment or you need to liquidate your business. How do you go about selling everything? Here are a few ideas and tips…
If you really want to target other restaurant owners and sell your used equipment, you could start by placing an ad in a restaurant industry magazine or news site. You’ll definitely get seen by people who may be interested in what you have to offer. The only problem with an ad in a national publication is that if you’re only trying to sell to local buyers, you may not get as many inquiries.
If you’ve been living under a rock for the past 20 years, you may not know that Craigslist has been a go-to for online free classified ads. You can sell your items to buyers in your area. You’ll need to prepare pictures and descriptions of the items that you will be selling.
Tap into your network of friends, families, and fellow restaurant owners to see if anyone might know someone who knows someone who would be interested in buying from you.
Speaking of word of mouth, social media can be a powerful tool to help sell your used restaurant equipment. You could browse Facebook groups, Twitter, or LinkedIn to find restaurant owners in your area. If you have accounts with these social sites, create your own post to notify your followers about what you’re selling. They just might share your post with their friends/followers. Sites like Facebook also offer paid advertising so you could create an ad to show up in people’s timelines.
If there are any restaurant equipment stores in your area, you could see if they buy used items.
If you want a hands-off approach to selling your restaurant equipment, you can try an auction house that specializes in online auctions. They can take care of all the pictures and marketing of anything you want to sell.
Before you sell your restaurant equipment, make sure to clean your equipment and put together the warranties and manuals for each item. It also helps to know what the fair market value is for your equipment so you have an edge when negotiating a price.
If you’re in the Southern California area and interested in selling your used restaurant or bar equipment and inventory, contact us to see how we can help!