Buying a restaurant with equipment included

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?

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April 20, 2020 12:41 AM

Member

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.

April 21, 2020 8:57 PM

Member

As of now, a lot of places are closing and selling. I think most of them sell off the equipment though for extra money. They aren't looking to reopen another place, not in this economy.

July 25, 2020 8:42 PM

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.

July 25, 2020 9:04 PM

Member

I don't think it is a good time to buy a restaurant. The economy took a HUGE hit and restaurants took the most losses. My friend's father was laid off after working for the same restaurant for 30 years because the owner had to sell it.

July 26, 2020 1:58 AM

Member

A restaurant is probably the most risky investment you could make right now. Who knows if they'll be shut down again or if business will ever get back to what it was.


Unless you plan to turn it into something else, I'd stay away.

July 27, 2020 1:10 AM