Handling the liquidation of equipment that comes with owning and operating a grocery store or supermarket can seem like a daunting task, primarily if you work with a limited time frame. Perhaps you have equipment taking up space in a back stock room that you need to get rid of, or you have an entire grocery store or supermarket that needs to be cleared out by the end of the month. We want to provide you this article to better understand the available resources for selling your grocery store and supermarket equipment.
The first step of selling your grocery store and supermarket equipment is to visualize what needs to be accomplished. It is always best to build out a timeline working backward from a set date (i.e., lease expiration, warehouse cleanout timeline, etc.) so you can build a plan that meets your deadline. Once you know when you want to have everything sold, you can start deciding what process would work best for your scenario. Taking the time to build out a brief equipment list can help visualize how much needs to be taken care of within a given timeframe. Once you have a timeline in mind and know how much you are working with from an equipment standpoint, that information will better equip you to decide what process is best for selling your grocery store and supermarket equipment.
Single Grocery Store and Supermarket Equipment Items: If you have just one or two small equipment items (i.e., countertop mixer, immersion blender, meat cuber) that you may have found a replacement for, or no longer use, utilizing platforms such as Facebook Marketplace, Craigslist, eBay, or LetGo may be great options for you. If you're worried about pricing these appropriately, you can use our search feature on the menu bar at the top of the page to see what similar equipment has sold for in past events or are currently sitting at price-wise in current events. Simply click the magnifying glass icon on the menu bar at the top of the page and type in a generic term for the equipment you’re interested in (i.e., 20qt mixer). The search will direct you to a page where you can view all of the equipment that matches your results and uses this database to help you price your grocery store and supermarket equipment accordingly.
Unique Grocery Store and Supermarket Equipment Items/Multiple Items: Perhaps you are dealing with specialty grocery store or supermarket equipment (i.e., Bakery Rack Ovens, Proofers, Tortilla Lines) that may not have the right buyer group on the selling platforms. You may have an entire grocery store or supermarket or a large group of equipment in a warehouse that needs to sell in a timely fashion. That is a good sign that it's time to explore options in the commercial space a bit more.
Sell Directly to an Equipment Dealer
This option will typically give you the fastest access to cash, as a busy equipment dealer is often looking for equipment to sell in his/her storefront. This route does not usually result in top dollar, as the dealer needs to buy the equipment low enough to resell at a profit.
Seller Directly to a Similar Business
This option generally will give you access to some of the highest prices. You will need to take the time to identify businesses that would use similar equipment as you. Once identified, you’ll need to reach out to those businesses and negotiate a sale to them. Often, this can be difficult as businesses typically don’t need large amounts of equipment. This method sometimes results in selling the best equipment pieces and leaving you with the least desirable equipment left to sell. Also, this process can sometimes be tedious and time-consuming.
Sell at Auction
This method will generate one of the highest returns with minimal work on your part. However, this method does require some additional time (typically 10 to 14 days before anything sells) and some expenses (commissions, marketing, setup, and removal expenses are common depending on your situation). An auction will generate fair market value on all your grocery store and supermarket equipment in one event and provide you complete closure on the items you are selling. Best of all, if you use Grafe Auction to sell your grocery store and supermarket equipment, you’ll gain the advantage of Grafe Auction, specializing in the sale of grocery store and supermarket equipment since 1959.
Handling the liquidation of grocery store and supermarket equipment, large or small, can be stressful, but we hope you have found the information in this article that will help you through the process. If you or someone you know is in a position that may require assistance in selling their grocery store or supermarket equipment at auction, we would be happy to talk with you more about the auction process and how we can help you through a successful grocery store and supermarket equipment auction.
Not ready? Learn more about selling with Grafe.