I have my eye on an old restaurant here in my hometown. It's been on the market since before this covid business, but I was interested in buying it for a while now. The business has all the equipment, ready to start a restaurant. I don't know if I'd start one, but I figure I could flip it and sell it to a passionate cook or something.
Is there a chance for profit doing that?
There are a lot of business that go out of business, and sell their property with everything included. They sometimes add it to the price, or include it with the price as an added bonus. A lot of people like to look for quick restaurant startups and just want everything ready to go.
You can flip it and sell the equipment yourself. I mean, that is what I would do. Just sell it as a bare bones property. Restaurant equipment is expensive so you can get a pretty penny for it, especially now with the appliance shortage.