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people are buy’n equipment… weird

ponytl | Posted in Business on June 6, 2009 03:39am

I have been keeping a small ad on craigslist for restaurant and bar equipment.. i have 30,000sf of jam packed warehouse full of the stuff…

i get 4-5 emails a day… people opening new places and needing equipment… i’m in Memphis and have folks drive’n 1000miles to come buy stuff I loaded a full 20ft box truck going to New Orleans yesterday…   sold a truck full to Oxford MS last week…

go figure…

are out of work folks opening their own places just so they’ll have a job?

i have no clue why they are buy’n…. but I’m looking forward t have’n an empty warehouse

btw… these aren’t folks needing equipment for existing places and try’n to save a dime… these are all new places…  I do get the calls for an Ice machine or a fryer from existing places that need one NOW  but few of them have any money and all seem to want to trade for it…

yep it’s a weird time

p

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Replies

  1. bobbys | Jun 06, 2009 03:41am | #1

    Do you have a crushed ice machine by any chance????

    1. User avater
      Luka | Jun 06, 2009 04:04am | #2

      I do.

      And I'll sell it to you !

      View Image...Max: Are you thinking what I'm thinking, Chief ?Chief: I don't know, were you thinking, "holy sh#t, holy sh#t, a swordfish almost went through my head" ?..You are always welcome at Quittintime

      1. bobbys | Jun 06, 2009 04:49am | #6

        lol not a bad idea but we need to fill big totes

    2. ponytl | Jun 06, 2009 06:17am | #10

      i have 2 really cool  shaved ice machines... they make ice and a knife scrapes it and it's then forced through a tube to the bin...  it's a crushed shaved type ice... very cool machines

      p

      1. bobbys | Jun 06, 2009 06:36am | #12

        My boy needs one to fill with ice in his fish box, Perhaps you could find out how big they are and how many shekels you wood be prepared to take for one. It would be most appreciated

  2. MikeSmith | Jun 06, 2009 04:33am | #3

    my uneducated observation is that lots of people get into the restaurant business without having a good business plan

    they open....they close

    kinda like a good carpenter not neccessarily being a good contractor

    Mike Hussein Smith Rhode Island : Design / Build / Repair / Restore
    1. dockelly | Jun 06, 2009 04:41am | #4

      I think the stat is like 90% fail, regardless of business. Most often they are not capitalized for long enough without revenue. Do you live on Jamestown? Know my buddy Rick Jardon?

      1. MikeSmith | Jun 06, 2009 04:43am | #5

        i do.... but i've never had the pleasure of meeting rickMike Hussein Smith Rhode Island : Design / Build / Repair / Restore

        1. dockelly | Jun 06, 2009 04:50am | #7

          He's hard to forget, lives in the condos right across from the hardware store.  Great guy.

          1. brownbagg | Jun 06, 2009 04:58am | #8

            I been thinking about some stainless shelves to hang on the wall instead of upper kitchen cabinets

  3. alwaysoverbudget | Jun 06, 2009 05:11am | #9

     restaurant equipment if funny stuff. a guy can buy a new 3500. 4 hole sink,  business goes belly up in 6 months and the sink brings 150 at auction.

    i have to give it to the people your selling it to,at least the have the sense to buy on the used market,and what the heck a 1000 mile trip cost 500.00 to save 5k.

    if i knew anything about the stuff i wouldn't mind messing with it,but i would probably end up with a lot of stainless scrap........

    YOU ONLY NEED TWO TOOLS IN LIFE - WD-40 AND DUCT TAPE. IF IT DOESN'T
    MOVE AND SHOULD, USE THE WD-40. IF IT SHOULDN'T MOVE AND DOES, USE THE
    DUCT TAPE.

    1. ponytl | Jun 06, 2009 06:30am | #11

      the fact that you have it and are selling it makes you the expert... the only thing you need to know is... sell it for more than you paid...

      it's been years since i bought anything... i mean YEARS like 7-8 year maybe 10...  I have new in the crate equipment and some pretty used stuff... at one point i use to design build commercial kitchens and bar backs...  nothing real serious... most of the time it was for places i owned... or I'd build out a space to lease... If i had the time I'd build small Pizza places in buildings i owned and would get em up and running and then "SELL" the business and keep leasing the space to them...  I can take 5k worth of used equipment and build a 50k commercial kitchen... get it up and running for 90 days and you have a "business" you can sell for 50-150k  usually a large part of that sale would be for cash... financethe rest... no american buyers... but folks would would live 24/7 running the business and would pay your rent on time....

      even stainless scrap is worth something...  most of this stuff never gets out of date... very little to go wrong with most of it...  3 compartment sinks... always required always hard to find...

      p

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