The worst kept secret in the bar and restaurant business is the high rate of failure. Pinning down the actual failure rate is difficult but if you are in a city of average size or larger—there is at least one restaurant closing its doors. The most quoted reason for restaurant failure is a lack of capital.
The other side of this issue is the growth of the restaurant industry. The National Restaurant Association’s 2013 Restaurant Industry Forecast shows the industry expanding this year in the wake of years of uncertain futures. As a whole, the restaurant industry has been growing faster than the national economy. This news has convinced many investors and restaurateurs that now is the right time to be ambitious.
Of course, when opening a new restaurant or bar, the restaurateur wants to avoid making the mistakes of their unfortunate predecessors. One great way to avoid being caught in the ‘lack of capital’ trap is to conserve as much of the capital budget by literally buying as much equipment from the failed businesses as possible.
South Florida Restaurant Equipment Supply
In South Florida, the best way to purchase this equipment is through Lauro Auctioneers. Here is just a small sample of the restaurant equipment currently available through Lauro Auctioneers:
- Alto-Shaam 500-S Low Temperature Hot Holding Cabinet.
- Wega ATLAS EVD2 Semi-Automatic Cappuccino Machine.
- Oscartielle 43″ Curved Glass Deli Cases.
- “New” Legion RES-2418 Classic Electric Manual Tilting Skillet.
- Baker’s Aid 4 Deck Electric Bake Oven.
- Vulcan GL40E Gas Kettle.
- Wellington Greens Mall Food Court Furniture.
Just about everything needed for the kitchen or dining room can be found at Lauro Auctioneers, be it new, used, or even scratch and dent. There are even complete packages. If you are just starting up, or looking to upgrade, definitely check with Lauro before making any budget decisions.
If you are apprehensive about the auction process, come watch a live onsite auction. If you have some specific needs to fulfill, stop by the 50k square foot showroom in Fort Lauderdale. Lauro Auctioneers has over 20 years of experience in the auction industry and a long list of satisfied clients. Feel free to read our testimonials and watch our video testimonials. If you need to liquidate, contact Lauro Auctioneers now for a free confidential consultation.
