A closing sale is where a business has closed for whatever reason. They are selling off their equipment and people have the opportunity to buy. This may be part of an auction setting or a case of first come first served. For people looking to purchase catering equipment, this can be a blessing. However, at the same time, you have to buy with caution. Let uslook at whether you should buy from closing sales.
The Setting
First of all, you have to take into account the setting. Is the business running an auction or are they simply allowing people to walk in and make offers on various pieces of equipment?
In the case of an auction, you have to give yourself a secure spending limit. During auctions, buyer can become entangled in bitter battles over various pieces of commercial kitchen equipment. They become more concerned with winning rather than getting a good deal. Do not get involved in these battles or you could find yourself paying more than the item is actually worth.
If you do buy from closing sales, it is best to go for a first come first served scenario. This way you can browse the equipment as you would in a conventional shop.
What about the Condition of the Items?
The condition of the items is always a factor to take into account. Exercise the same caution you would when buying from any other second-hand supplier. Remember, it is difficult to hold a business to account when it’s already shutdown. Usually, you will not have much support in the years following a sale.
Always make sure you have the opportunity to check anything you buy before you buy it. If you do not have this option available, you may find yourself paying way too much for an item that has little going for it.
Can You Get Something Good?
It is easy to assume that all commercial catering equipment bought from closing sales is old tat with minimal longevity left. The fact is businesses close for a number of reasons. For a start, not every business is closing because it wants to. Some companies open and close within a few months. This would mean they have to get rid of brand new equipment that has only been in use for six to eight months. That is nothing for heavy-duty catering supplies.
It is all about going to the right closing sales and ensuring you never force yourself to make a purchase. The biggest risk comes in getting lost in the sale. Just because you turn up does not mean you have to actually buy anything.
In conclusion, you can and should consider closing sales as a useful outlet for getting good deals on commercial kitchen supplies. What you should never do is use a closing sale exclusively. Do not put your business on hold for the sake of finding the right sale. If the deal is not there, look for other methods of supply to outfit your catering operation. By doing so, you will get good equipment at an affordable price.
The Setting
First of all, you have to take into account the setting. Is the business running an auction or are they simply allowing people to walk in and make offers on various pieces of equipment?
In the case of an auction, you have to give yourself a secure spending limit. During auctions, buyer can become entangled in bitter battles over various pieces of commercial kitchen equipment. They become more concerned with winning rather than getting a good deal. Do not get involved in these battles or you could find yourself paying more than the item is actually worth.
If you do buy from closing sales, it is best to go for a first come first served scenario. This way you can browse the equipment as you would in a conventional shop.
What about the Condition of the Items?
The condition of the items is always a factor to take into account. Exercise the same caution you would when buying from any other second-hand supplier. Remember, it is difficult to hold a business to account when it’s already shutdown. Usually, you will not have much support in the years following a sale.
Always make sure you have the opportunity to check anything you buy before you buy it. If you do not have this option available, you may find yourself paying way too much for an item that has little going for it.
Can You Get Something Good?
It is easy to assume that all commercial catering equipment bought from closing sales is old tat with minimal longevity left. The fact is businesses close for a number of reasons. For a start, not every business is closing because it wants to. Some companies open and close within a few months. This would mean they have to get rid of brand new equipment that has only been in use for six to eight months. That is nothing for heavy-duty catering supplies.
It is all about going to the right closing sales and ensuring you never force yourself to make a purchase. The biggest risk comes in getting lost in the sale. Just because you turn up does not mean you have to actually buy anything.
In conclusion, you can and should consider closing sales as a useful outlet for getting good deals on commercial kitchen supplies. What you should never do is use a closing sale exclusively. Do not put your business on hold for the sake of finding the right sale. If the deal is not there, look for other methods of supply to outfit your catering operation. By doing so, you will get good equipment at an affordable price.
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