Secondhand Restaurant Equipment - Business Idea
Secondhand equipment is the first choice of most food business owners when opening a new location. Buy and sell used restaurant equipment in good shape to other restaurants, hotels, clubs, bistros and more.
THE BUSINESS IDEA
According to research starting a new restaurant is the most popular and common business venture around the world. Moreover, about 90% of such ventures fail within five years. These two facts are the strong pillars of this terrific business idea.
Simply, when a restaurant goes out of business and fails to progress, you can purchase all of their restaurant equipment such as grills, coffee machines, and fryers. Then, on the opening of new restaurants, you can sell this equipment with a great margin of profit.
The additional benefit is that you can start such business at your home and when a business expands you can move to a physical store. Moreover, there is great flexibility, you can offer general equipment or can specialize in a particular type of equipment.
Thus, you can earn a great deal of profit by dealing with restaurant equipment.
YOUR MARKET
- Physical Store: High-profit output by establishing physical stores in malls and business centers
- Call Centers: Use telemarketing to sell your products to wide range of exceptional clients.
- Social Media: Enhance the impact of business to millions of people worldwide through social media platforms.
- Online Store: Well-crafted online store of your products and effective promotion through E- commerce techniques hit potential customers.
Most of your target customers will be current and new restaurant owners looking for such equipment. Of course, you will have to purchase used equipment and for this purpose, you will need to pursue former restaurant owners.
INVESTMENT
The startup cost will be medium ranging between $30,000-$50,000. This will depend on your startup choices i.e. whether you choose to start in your home or rent a physical store.
THE KEY BENEFITS OF THIS PROJECT
- This business offers elite comfort and flexibility
- Production cost is usually low since you buy used equipment
- Big market potential with smart marketing strategy
- There is great Profit potential with very low startup investment
Service 1 | Pre-Studies
Start your journey with one of our three Pre-Studies if you are not yet fully sure about your project:
Option1. Project Pre-Study: You have a business idea or consider to import/export a new product, but you need a qualified second opinion? Business Titans checks your business idea or project for you and provides a detailed analysis on the opportunity, its risks, feasibility and profitability.
Option2. Pre-Opening Plan: Do you need to get an overview of the detailed steps to implement your project? Entrepreneurs who wish to have on the operational level a sound overview of the steps they need to take to set up their new venture or product should look also into this option.
Option3. Project Exposé: Do you need a professional presentation to introduce your project to a demanding audience? Successful entrepreneurs understand that the presentation of an idea is as important as the idea itself. The approach Business Titans is applying is to send always an appealing Exposé of the project before sharing further details. Only if there is a vivid interest that you feel among your audience, you should share confidential documents such as Pre-Studies, Business Plans, etc.
Service 2 | Business Planning
Option 1. Business Plan Consulting: You draft the Business Plan with our Guidance, we review and enhance the final version. Business Titans supports you to develop a Business Plan. You draft your own Business Plan with our guidance. A senior member of Business Titans will then finalize your draft with enhancements, research data, adapting the contents and forms according to the expectations of the final recipients, including banks, lending partners, equity partners, landlords, insurers and regulators.
Option 2. Business Plan Outsourcing: In this option, the entire process, including the development of the business model and Business Plan is handled by Business Titans. You will be first interviewed to understand your vision, resources and capacity.The rest will all be done by us and presented to you for the last minor adaptations. This version gets a Business Titans certification to be used for 3 years (as long as there will be no major changes on the Business Plan).
Service 3 | Weekly Coaching
A Business Plan is (and should be) in a constant evolution. The more you get into your business environment, the more you are able to fine-tune it. However, the best Business Plan will not be more than a paper if you do not implement it in a disciplined and consistent way.
- Option 1: Try-Out Session
- Option 2: 2-Weeks Package
- Option 3: 4-Weeks Package
This is why Business Titans has extended its services with a Weekly Coaching dedicated for the step-by-step implementation of the Business Plan that we have developed together.
