Should You Buy Closeout Restaurant Supplies?April 12, 2019
As a restaurant owner, you, of course, want to save money in any way possible.
Restaurant margins are known for being razor-thin, so every dollar counts.
Because of this, you might be tempted when you see a closeout deal for restaurant supplies. After all, you can get a number of goods for rock-bottom prices – why not! It’s especially tempting when you’re just setting up your restaurant location when you’re trying to get as much as you can for your money.
Sometimes a closeout is a great idea, and other times it should be avoided. Here are the pros and cons.
Benefits to a Closeout Deal
Obviously, the biggest benefit to any deal is saving money, but make sure that you really are going to save. That is, make sure that the restaurant supplies are the right quality. If you spend even a little for terrible equipment, it’s money wasted. Even disposable items need to stand up to the single use they’re designed for.
Another time a closeout sale can be a great idea is when the items are easy to find and indistinguishable from your current inventory. Do you currently use single-use clear plastic 10” plates, and you just saw a huge sale on them? Dive in!
When you can find closeout deals on restaurant supplies you already use, or items that can seamlessly join your current inventory, it’s a great time to buy. If you’re outfitting a new restaurant, be sure to choose items you can easily resupply when you run out.
Drawbacks to Closeouts
The biggest drawback to a closeout deal is the word “close.” That is, you won’t be able to access these supplies in the future.
When it comes to basics, like napkins or takeout boxes, maybe that doesn’t matter very much. But when it comes to more durable goods like dishware or glassware, it can be a big problem. Yes, maybe you can get 100 plates for a great price. But what about when they break? Will you ever find that pattern again?
If you can’t find the same or similar restaurant supplies in the future, you should stay away from closeout deals no matter how good they are. It’s not with the headache and hassle of having to replace your entire dishware set – or deal with mismatched items – in the future.
You also want to watch out for a closeout deal on cooking equipment. Sometimes these are good, but other times the equipment is in disrepair or is of poor quality. If the store is going out of business, who will service the machine? Or, if the manufacturer is discontinuing the model, where will you get support and parts?
There’s a big difference between buying high-quality used equipment and settling for an end-of-the-line machine. Don’t make a costly mistake trying to save money!
Choose a Great Source for Restaurant Supplies
When you need restaurant supplies, it’s great when you have a reliable source you can ask about specials and deals that might be available. At Tipton Equipment, we can help you source the equipment you need at excellent prices.
Whether you’re looking for smallwares or cooking equipment, we can help. Contact us today!
Three benefits of using used kitchen equipment are more straightforward than you would think. SavingsUsed kitchen equipment will save you thousands in, starting a restaurant. High restaurant failure rate leads to restaurant kitchen equipment only being in service for...read more
Your commercial freezers are a vital part of your restaurant operation. They hold the food and supplies you’ve bought to keep them at their freshest until you need them. Unfortunately, when a freezer malfunctions, you can lose hundreds or even thousands of dollars’...read more
Do you have a large space in your restaurant set aside for special events and parties? Does it get reserved as often as you wished?If you’re like most restaurant owners or managers, the answers are yes and no. You probably have a space – almost everyone is expected to...read more
In early March, Philadelphia became the first city in the U.S. to forbid restaurants from refusing cash payments. As of July 1, all Philadelphia restaurants will have to accept cash payments and cannot charge cash-paying customers more than non-cash ones. Several...read more
No one gets into the restaurant business thinking about insurance and paperwork, but it’s still an important part of doing business. Insurance helps protect you from natural disaster, theft, employee injuries, and liability. Many times you can get insurance discounts...read more
Restaurants are known for having razor-thin margins, but you can improve your profits if you have a good handle on your costs. That doesn’t mean you have to skimp on restaurant supplies, but it does mean you can be strategic about what you spend. Do you know your cost...read more
Welcome to our new series, “Roast and Toast”! Each month we’ll feature one kitchen that we love and one that… well, could use improvements. The kitchens we feature can come from anywhere – TV, films, popular culture, you name it. We’ll talk about what we love and what...read more
As a commercial restaurant owner or manager, you might wonder what you can do to revive your menu a bit. There are a lot of fun ways to diversify your menu, but one trend you might have noticed is the growing role of specialty cheeses. We’ve all used common cheeses,...read more
Welcome to our new series, “Roast and Toast!” Each month we’re going to feature one kitchen we love and one kitchen we hate. It can be from anywhere – a sitcom, a cooking show, a cartoon, a movie, or any other screen you’d see one on! We’re starting off with a toast...read more
If your current restaurant is booming, it might be time to consider a second location. Congratulations on your current success – you’ve already beaten the odds! Opening a second location can be easier than your first one – you’ve already worked out a lot of the kinks....read more
Is there one product that can single-handedly make or break the success of your convenience store? A lot of store owners would say no. When they look at their store, they see products coming from hot dish foodservice equipment, shelves, and a variety of categories...read more
Does your Little Rock restaurant use gas or electric restaurant equipment? In all likelihood you made this decision a long time ago, but it’s one that can always be reconsidered. There are benefits to both. If you’re opening a new restaurant location, it’s vital to...read more
One of the biggest challenges of running a restaurant is keeping up with all the technology and restaurant equipment that is available. You might have thought when you opened your location that you could run things basically the same way for decades. While they may...read more
Have you been dreaming about bringing your food expertise to the forefront of you life? Many people have thought about opening their own restaurant. Folks don’t follow through for a variety of reasons – money, fear, or simple inertia. You can be different, though. You...read more
What’s the newest trend in restaurant décor? Evidently, people are loving “Millennial pink,” and they’re using it for everything. If you’re trying to keep up with what’s hot, you better get some new restaurant supplies right away! And remember, this isn’t just any...read more