Purchase Used Restaurant Equipment To Cut Corners Associated With Opening A Restaurant
If you recently graduated from a culinary institute and you want to put your skills to use by opening a fine dining restaurant, acquiring the funds needed to open and run your business can be intimidating. This is especially true if you are strapped for cash, due to the money that you owe for student loans. One way to cut corners associated with the opening of your business is by purchasing used restaurant equipment.
Draw Up Plans And Seek Funding
Drawing up business plans will provide you with an estimate of how much money you will need to rent or purchase a building and set it up prior to opening your restaurant. A business license, insurance, employees wages, and utilities are some additional things that you will need to pay for, in addition to the restaurant equipment that you are lacking.
If you are skeptical about the possibility of becoming a successful restaurant owner and would like to test out the waters before attempting to take out a business loan, leasing a building may be the better choice for you.
After meeting with the owner of the property to review the terms of your lease and assessing the inside of the building that you acquired, you can decide how you would like to set up the kitchen and dining area. Write a list of the restaurant equipment and cooking accessories that you will need, as well as furnishings and decor.
Choose Equipment Carefully
Small cooking utensils, such as mixers, food processors, and beaters, are items that you may wish to purchase new since they are fairly inexpensive and may be needed on a routine basis once your restaurant is open. Seek items that come with a warranty so that replacement parts or equipment can be obtained if any of the items malfunction.
For larger ticket items, there is nothing wrong with purchasing secondhand equipment as long as it came from a reputable dealer who can provide you with the history of each item that you are purchasing. Some retailers sell appliances and cooking gear that was previously owned and these items often are in excellent shape and look and work as well as new equipment.
You may even be able to acquire used items that come with a guarantee. If you choose to purchase restaurant equipment from an individual, look over the items that you are interested in and request that the current owner turns the equipment on so that you can determine if you would like to purchase any of the equipment.