June 8th, 2019
Are you opening a new restaurant in Lake Forest, Illinois? Let’s face it, opening a new restaurant can be expensive, and it may take you a while to break even or generate a profit.
One of the best ways you can control costs is to buy used restaurant equipment instead of spending a large part of your budget on buying new equipment.
In this post, we are going to discuss five reasons why you should buy used restaurant equipment instead of new:
1. Control Costs
When opening your restaurant, costs can really add up fast. You probably have only a limited amount of funds to work with, and there’s a long list of things you’ll need to purchase. You can really exhaust a lot of your budget quickly on new (sometimes overpriced) restaurant appliances and equipment. If you’re skeptical about buying used, it’s important to remember that, even if you buy used, there’s a high chance that you can still get well-known brands at a fraction of the cost of new. The equipment may be a few months to a few years old, but it will come at a much lower price tag.
2. Good Quality
Now, just because used equipment costs less does not necessarily mean it’s not good quality equipment. In fact, on the contrary, some of this equipment is in very good condition and some might even still have the original warranty it came with. Why is this the case? Well, many restaurants simply do not do well enough to make it past year one. So, they try to recover their costs by re-selling their equipment which, in many cases, is gently used. This creates an excellent opportunity for you to get high-quality equipment at a fraction of the cost.
3. Durability First
You may think that it would be better to buy new rather than used, but there’s a catch. Buying new equipment from a generic, unknown brand that you haven’t heard of can be very risky. Instead, it is better to spend less money on buying a used appliance that you know is from a trusted brand and is built to last. Restaurant appliances need to be durable and stand the test of time, so this is something to consider when looking for new equipment.
4. Lower Depreciation
Everything from cars to real estate depreciates, and the same goes for used restaurant equipment. In fact, new equipment actually depreciates faster than used equipment. This is because newer equipment can often have a more inflated price tag to begin with, as it is the newest model on display. Even if you do end up selling a piece of used equipment, you might still recover more money from it than if you were to sell a piece of equipment you purchased brand new.
5. Easy Availability
If you do your research well, you’ll find that used restaurant equipment is actually not that hard to find. However, instead of buying used equipment directly from a restaurant owner, it’s wise to purchase it from a company that sells all kinds of used restaurant equipment under one roof. That way, you’ll have a lot more choice and can get guidance on which equipment will work best for your needs.
Looking to Buy Used Restaurant Equipment in Lake Forest?
If you’re on the lookout for any used restaurant equipment such as ranges, refrigerators, ovens, dishwashers, mixers and slicers, countertops, sinks, etc., and you need it in Lake Forest, we here at March Quality are the people to see.
At March Quality, we buy used equipment and refurbish it until it’s like new, then sell it for a fraction of the price of new equipment.
Contact us today to discuss your needs!
