About Startup Costs
The startup costs provided in this database include an approximate financial investment that will be needed to start the business. This is generalized information and should only be used as a yardstick to determine business startup costs. Your investment will vary based on factors such as equipment, transportation, licensing and permits, operating location, working capital and initial marketing and advertising budgets. Remember a successful entrepreneur is one who carefully researches and plans every aspect of a new business venture, including the financial investment needed to start a business and the working capital required to achieve positive cash flow.
Business At A Glance
Used Restaurant Equipment Sales
Startup Costs: $10,000 - $50,000
About
Home Based: Can be operated from home.
Part Time: Can be operated part-time.
Franchises Available? No
Online Operation? Yes
Sell used restaurant equipment to restaurateurs looking for a deal.
Business Overview
Did you know that starting a restaurant is one of the most common new business ventures? But did you also know that more than 90 percent of new restaurants go out of business within the first five years? The combination of these two facts is the basis for starting a business that buys and sells secondhand restaurant equipment like grills, fryers and coffee machines. Simply put, when one restaurant goes out of business, you purchase their equipment. Then, when another restaurant opens, you resell that same equipment for a profit. This type of business venture can be started and operated from home initially (if you have storage space) and moved to a larger location as the business expands. Furthermore, you can offer general restaurant equipment but you can also specialize in one particular type of restaurant equipment, such as deli equipment or grills. The potential to earn large profits from selling secondhand restaurant equipment is outstanding, and this business opportunity definitely warrants further investigation.
The Market
Your customers are new or current restaurant owners looking to purchase equipment. You will also have to court former restaurant owners whose equipment you want to purchase.
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