When you’re shopping around for your restaurant, a great way to save a lot of money on decor and other items needed for your business is to shop at restaurant equipment auctions. Not only can you save a lot of money by shopping at restaurant equipment auctions, but it'll also give you the opportunity to buy brand new and expensive equipment you otherwise may not have been able to afford. Finding a trustworthy restaurant equipment auction can be difficult, especially if you're shopping with businesses that are selling their equipment for liquidation purposes.
Visit the Site of the Restaurant
When you're ready to start purchasing restaurant equipment, you should visit the site where the restaurant equipment auctions are taking place. A lot of time, with the liquidation auctions that Auction Masters hosts, the auctions are happening right where the business was located. This allows you to see the condition of the equipment in real time.
Most of the equipment you are seeing in a restaurant equipment auction has been recently used within the past couple of weeks. You'll have the opportunity to look at the equipment up close and learn about any possible defects for each piece of equipment.
Come to an Inspection
If you aren't satisfied just by looking at the equipment inside of the restaurant, you should also attend an inspection. Auction Masters allows all of their buyers to attend restaurant equipment inspections prior to bidding on any pieces of equipment. The equipment inspections will allow you to measure the pieces of equipment to ensure you have proper transportation needed to leave with items you want. In addition, the inspection also allows you to get an up-close look at the equipment and test it out. By testing out any of the equipment before you purchase it, you’ll get a better idea of the functionality of each piece and if it’ll make a good fit inside of your restaurant.
Make sure you take plenty of time to thoroughly inspect the merchandise. You should look for any missing parts, dents in the equipment, major food or rust build up, and any broken pieces. You should also open up the unit if possible to look at the internal components to see if there's any signs of damage or wear and tear. If you do notice any damage or wear and tear, you should take additional time to look up replacement parts. If replacement parts are pretty easy to find online, you should move forward with bidding on the equipment.
Conduct Research Before Attending Restaurant Equipment Auctions
Before you start bidding on any pieces of restaurant equipment, conduct research into the brand and specific product. Established brands that are worth bidding on will make long-lasting and high quality products, so the reputation of the company will be very easy to find online. If you aren't able to find any information about the brand or you're seeing a lot of negative reviews about the equipment online, it may be a sign that the piece isn't worth the money you could spend in the bidding process.
You should also look into reviews on the actual product itself. Knowing the features that the product offers, life expectancy of the equipment, durability, and safety recommendations before you purchase it will let you know whether or not this piece of restaurant equipment will be a good addition.
Getting Yourself Prepared Before Participating in Restaurant Equipment Auctions
There's a lot that can go into participating in an online auction. When you're trying to fill your restaurant with quality and functional equipment, knowing what to prepare for before you participate in an online auction is vital.
Due to recent unexpected circumstances, our company came into possession of hundreds of items of inventory that were unrelated to our current field of business. After a few short phone calls and simple emails, Auction Masters took immediate action. With amazing speed, all of the inventory was professionally photographed, categorized, detailed, and up for auction with minimal guidance from us. Their efficient marketing resulted in a quick and well organized sale. Within a couple of weeks we received the final proceeds of the auction which doubled our initial expectations. We will not hesitate to retain Auction Masters for all of our future inventory reduction needs."
-Timothy, Loss Mitigation Manager
— Timothy, Loss Mitigation Manager
When it’s time to liquidate your business, you can either go it alone, or you can leave the hard work to our professionals. We have the experience, dedication and resources to ensure your auction goes off without a hitch, and you get cash for your items quickly. Our team has established relationships with professionals across a wide range of industries, building a qualified customer base for your liquidation. What’s more, we utilize effective digital and traditional marketing tactics to raise awareness of your auction and maximize revenue.