July 2018 Trends Report

What has been bringing buyers to Bid on Equipment through the month of July and what are they looking for when they are here?
 

Below are the top ten search terms that have shown the largest increases from Internet search traffic this month.

Interest in each of these terms has grown 100% - 1500%!

Restaurant Equipment for Sale

Used Packaged AC Units for Sale

Used Ice Machine

Used Dairy Equipment

Walk In Cooler for Sale

Used Vacuum Tanks for Sale

Used Machine Shop Equipment

Bakery Equipment Auction

Metal Brake for Sale

Used Commercial Oven


The top ten overall categories for Bid on Equipment in the last month.

Restaurant Equipment

Ice Machines

Machine Shop Equipment

Conveyor Systems

Commercial Coolers Freezers

Meat Processing Equipment

Dairy Equipment

Metal Equipment

Bakery Equipment

Air Conditioners


 

The top ten overall Manufacturer Pages for Bid on Equipment in the last month.

Bridgeport

Bartelt

Sweco

Urschel

Vemag

Multivac

Trane

Graco

IQF

Handtmann


The Top Ten Viewed Items in the Last Month

Shanklin HS4DA High Speed Wrapper

Chicago Flatwork Ironer

1250 HP Ingersoll Rand Centac Air Compressor

Lefiell Hog Dehairer and Scalder Tank

10ft Big Ass Fan - Standard Foil

45 kg Diedrich CR-45 Coffee Roaster

Koch Smokehouse - Single Cart

JJ Taylor Toronto Safe

Dunkley Cherry Pitter - Model D

ZSK Embroidery Machine

June 2018 Trends Report

What has been bringing buyers to Bid on Equipment through the month of June and what are they looking for when they are here?
 

Below are the top ten search terms that have shown the largest increases from Internet search traffic this month.

Interest in each of these terms has grown 100% - 1500%!

Used Restaurant Equipment

Used Vacuum Tanks for Sale

Used Milling Machines

Used Plastic Water Tanks for Sale

Walk In Cooler for Sale

Used Dairy Equipment

Used Ice Machine

Used Packaged AC Units for Sale

Used Machine Shop Equipment

Bakery Equipment Auction


The top ten overall categories for Bid on Equipment in the last month.

Restaurant Equipment

Air Compressors

Machine Shop Equipment

Conveyor Systems

Tanks

Bakery Equipment

Dairy Equipment

Meat Processing Equipment

Commercial Coolers Freezers

Metal Equipment


 

The top ten overall Manufacturer Pages for Bid on Equipment in the last month.

Vemag

Mueller

Trane

IQF

Bridgeport

Urschel

Vemag

Bartelt

Sweco

Torit


The Top Ten Viewed Items in the Last Month

Coffee Shop Equipment

Mandelprofi Mini Nut Roaster

Chicago Flatwork Ironer

Lefiell Hog Dehairer Scalder Tank

Cushman 4-Wheel Truckster

Multilith 1250 Presses - 1 T-Head

APV Food Grade Sanitary High Temp Short Time Pasteurizer Processing System

Superior Tortilla Machine

Mandelprofi Mini Nut Roaster

ZSK Embroidery Machine

Putting a Price on Priceless

 How much would you pay to experience a once-in-a-lifetime event? We asked 2,000 Americans what they would realistically pay to witness a particular moment in history. To help narrow the list, we compiled 40 historic experiences from pop culture, music, sports, world history and personal moments. Check out the graphic below to see how much money people are willing to spend on a moment in time. 

In order to breakdown the value of historical events, let’s get the biggest ticket out of the way first. According to the survey, most people would spend on average $100,622 to relive the day their first child was born. This personal moment is interesting, considering that those surveyed already experienced it within their lifetime and would pay that much to simply do it again. Maybe they want to take more photos or soak in the life-changing day once more, but either way, when compared to all other offered experiences in life—whether personal or historical—most people would choose a deeply personal moment to have déjà vu. How sweet!

Aside from sentimental moments, the next biggest items are major historical events: the 1969 moon landing, where most people would pay $39,334 to witness, and the signing of the Declaration of Independence, which fetched around $36,836 on average.

Both events signify major turning points in American history as the starting point of a new frontier: the birth of our country and the dawn of the possibilities beyond our own planet. Considering that the average cost of a wedding in 2018 is $35,329, witnessing events of such magnitude for under $40,000 seems like a bargain!

Back in 1969, you could attend the historic three-day music festival known as Woodstock in upstate New York for $6.50 each day, $18 for all three days with advance purchase. Imagine what the organizers would think if they knew that in 2018, people would pay $11,110 to attend the muddy musical mayhem. Woodstock experience ranks only a few hundred dollars more than the privilege of seeing the Beatles on their 1964 World Tour (averaging $10,564).

So who wants to relive these milestones? Gen-Xers are most likely to pay for music and personal experiences, while Baby Boomers are more likely to go for historic events. Millennials are more interested in pop culture and sporting events, which might explain the surprising price tag of $14,579 to witness Mark Zuckerberg launch Facebook.

Not surprisingly, women would pay $31,456 more than men to relive the moment their first child was born, probably because it was such a whirlwind the first time.

Whether it’s world history or a special time in pop culture or a personal, sentimental moment, people are willing to open their wallets to witness important milestones—either for the first time or once more.

 

May 2018 Trends Report

What has been bringing buyers to Bid on Equipment through the month of May and what are they looking for when they are here?
 

Below are the top ten search terms that have shown the largest increases from Internet search traffic this month.

Interest in each of these terms has grown 100% - 1500%!

Used Conveyors

Sheet Metal Brake for Sale

Walk In Cooler for Sale

Used Dairy Equipment

Used Restaurant Equipment for Sale

Industrial Oven for Sale

Used Ice Machine

Used Conveyor for Sale

Used Machine Shop Equipment

Used Vacuum Tanks for Sale


The top ten overall categories for Bid on Equipment in the last month.

Restaurant Equipment

Conveyor Systems

Machine Shop Equipment

Bakery Equipment

Tanks

Woodworking Machinery

Dairy Equipment

Meat Processing Equipment

Commercial Coolers Freezers

Metal Equipment


 

The top ten overall Manufacturer Pages for Bid on Equipment in the last month.

Trane

Multivac

Mueller

Urschel

Sweco

IQF

Vemag

Handtmann

Bridgeport

Powermatic


The Top Ten Viewed Items in the Last Month

Chicago Flatwork Ironer

Mandelprofi Mini Nut Roaster

10ft Big Ass Fan - Standard Foil

Hunter DSP 9000 Wheel Balancer

20 Cu. Ft. Marion 2030 Paddle Mixer

BE&SCO Tortilla Press

Cretors FT80 Popper

Fette 3090 Double Sided Rotary Tablet

6 Head Accutek Fully Pneumatic Filler

JJ Taylor Toronto Safe

April 2018 Trends Report

What has been bringing buyers to Bid on Equipment through the month of April and what are they looking for when they are here?
 

Below are the top ten search terms that have shown the largest increases from Internet search traffic this month.

Interest in each of these terms has grown 100% - 1500%!

Used Woodworking Tools

Used Restaurant Equipment for Sale

Used Sheet Metal Brake

Ice Machine for Sale

Used Conveyor for Sale

Used Milling Machine

Used Machine Shop Equipment

Used Vacuum Tanks for Sale

Used Dairy Equipment

Bakery Equipment Auction


The top ten overall categories for Bid on Equipment in the last month.

Restaurant Equipment

Conveyor Systems

Machine Shop Equipment

Commercial Coolers and Freezers

Tanks

Meat Processing Equipment

Woodworking Machinery

Air Compressors

Dairy Equipment

Bakery Equipment


 

The top ten overall Manufacturer Pages for Bid on Equipment in the last month.

Mueller

Trane

IQF

Multivac

Vemag

Torit

Sweco

Urschel

Handtmann

Powermatic


The Top Ten Viewed Items in the Last Month

Human Crematories Retort

ZSK Embroidery Machine

Logan 825 Metal Lathe

Stephen Bader Bench Belt Sander

Pullmax P9SL Nibbler

BE&SCO Tortilla Press

Hunter DSP 9000 Wheel Balancer

Cornely A5 Chain Stitch Hand Embroidery Machine

Chicago Flatwork Ironer

ARR-TEC GSC4000 Corn Tortilla Stacker

March 2018 Trends Report

What has been bringing buyers to Bid on Equipment through the month of March and what are they looking for when they are here?

Below are the top ten search terms that have shown the largest increases from Internet search traffic this month.

Interest in each of these terms has grown 100% - 1500%!

Used Woodworking Tools

Metal Brake for Sale

Used Milling Machine

Used Dairy Equipment

Used Lathes for Sale

Used Plastic Water Tanks for Sale

Used Machine Shop Equipment

Used Printing Equipment

Used Conveyors for Sale

Restaurant Equipment for Sale


The top ten overall categories for Bid on Equipment in the last month.

Restaurant Equipment

Conveyor Systems

Machine Shop Equipment

Bakery Equipment

Dairy Equipment

Meat Processing Equipment

Tanks

Metal Equipment

Woodworking Machinery

Construction Equipment


 

The top ten overall Manufacturer Pages for Bid on Equipment in the last month.

Mueller

Trane

Sweco

Eriez

Vemag

Handtmann

IQF

Rheon

Multivac

Pullmax


The Top Ten Viewed Items in the Last Month

Human Crematories Retort

400 Gallon Milk Keeper

Mobile Oil Change Van

Stephen Bader Bench Belt Sander

Logan 825 Metal Lathe

Wells-Index 847CEN Milling Machine

Chicago Flatwork Ironer

Kronen SDS-5000 Air Dryer

Hunter DSP 9000 Wheel Balancer

Accu-Bend 410 Channel Letter Machine

February 2018 Trends Report

What has been bringing buyers to Bid on Equipment through the month of February and what are they looking for when they are here?
 

Below are the top ten search terms that have shown the largest increases from Internet search traffic this month.

Interest in each of these terms has grown 100% - 1500%!

Used Woodworking Tools

Bakery Equipment for Sale

Used Machine Shop Equipment

Used Tanks for Sale

Used Metal Brake for Sale

Used Vacuum Tanks for Sale

Used Dairy Equipment

Used Restaurant Equipment

Used Food Processing Equipment

Used Conveyor for Sale


The top ten overall categories for Bid on Equipment in the last month.

Restaurant Equipment

Meat Processing Equipment

Machine Shop Equipment

Bakery Equipment

Dairy Equipment

Conveyor Systems

Woodworking Equipment

Air Compressors

Tanks

Metal Equipment


 

The top ten overall Manufacturer Pages for Bid on Equipment in the last month.

Mueller

Blodgett

Vemag

IQF

Sweco

Handtmann

Multivac

Trane

Urschel

Rheon


The Top Ten Viewed Items in the Last Month

Krack PHNS2L Evaporator

Cornely A5 Chain Stitch Hand Embroidery Machine

Logan 825 Metal Lathe

Stephen Bader Bench Belt Sander

Accu-Bend 410 Channel Letter Machine

JJ Taylor Toronto Safe

400 Gallon Milk Keeper

Jarvis Carcass Splitting Saw

Chicago Flatwork Ironer

Hunter DSP 9000 Wheel Balancer

Cost of Starting a Restaurant

The restaurant industry is notoriously difficult for putting pressure on new eating establishments to turn a profit in the first few years, which is why it's so important to understand initial start-up costs and expected operations costs. Check out the infographic below to learn more about the costs associated with starting and operating a restaurant.

According to 2016 research, there were 620,807 registered restaurants in the United States—a slight decline from previous years because while there is always demand, other factors can play a significant role in the success or failure of a restaurant. Quick service restaurants, such as McDonald’s, Subway, KFC, etc., are among the most successful restaurant types, but also among the most expensive franchises to operate, with an estimated cost of $1.5-3.5 million (depending on the franchise).

In order to attract customers who are looking for a fine or casual dining experience, which typically yields higher food bills, a restauranteur best serves him or herself by carefully considering all of the initial start-up costs. For example:

  • Buying vs leasing dining space: Owning restaurant space allows for more control over décor and the future of the establishment, however the cost for upkeep, permits, land ownership, etc., are an average $735,000 or $178 per square foot, whereas the average leasing option is closer to $495,000, ($159 per square foot). If a restauranteur can safeguard such a large investment with a proven business model and successful operation, then buying a space might make sense. However, the restaurant industry is infamously fickle. What is popular one day may not be the next.
  • Staff: The difference between a great restaurant and a terrible one relies on the happiness of the customer. And often, the customer’s experience relies on the interactions with the restaurant staff. Top talent and highly qualified personnel can make a significant difference in the food, the ambience, the service, the perception of the restaurant. A savvy owner knows that attracting, training, and keeping quality staff is a good investment but also one of the highest expenses in starting a restaurant.
  • Marketing and Advertising: In today’s market, it is a mistake to not have a polished, informative, and engaging online presence. Things like web design, marketing, advertisement, event hosting, and other promotional activities are necessary to simply get people through the door and eating the food. Even the best restaurants in the country understand that no customers equals no business, so spending money on image matters.

 

Speaking of customers, how does the average diner factor into restaurant decisions? According to a survey by the National Restaurant Association, 70% of customers surveyed are most interested in healthy menu options, with locally sourced and environmentally friendly foods as top requests (at 66% and 60%, respectively). In addition to the kind of food, restaurant goers highlight the online component as top needs. 60% want an online menu, and 57% want online reviews available. Location matters only in that many customers like when the restaurant is within walking distance (53%) but a delivery option is also desirable for 56%.

With hundreds of restaurants opening and closing each year, it appears the industry is as picky as some eaters. But with accurate expectations, sound budgeting, and attention to the customer, a great restaurant can see years of successful and satisfied service.

 

Research Details

We researched restaurant startup costs from a variety of sources, including data from the National Restaurant Association. Along with typical building, renovation and staffing expenses, we also took a deeper dive at costs such as P.R., marketing, technology, and garbage and grease disposal. In order to rank the top 10 restaurant sales per capita by state, we used statistics from the National Restaurant Association and divided each state’s yearly sales by the number of eating and drinking establishments located within each state.

 

Sources

National Restaurant Association

Forbes – “Bootstrap Startup: Inside A $13K Restaurant Opening”

Toast – “Restaurant Industry Statistics for Restaurant Owners in 2018”

Entrepreneur – “What You Need to Know About Music Licensing for Your Business”

Entrepreneur – “The Staff You Need to Hire to Run a Restaurant”

Restaurant Business – “Top 100 Independent Restaurants”

RestaurantOwner.com – “Industry Survey: How Much Does it Cost to Open a Restaurant?”

National Grid – “Managing Energy Costs in Restaurants”

There's a Big Change at Bid on Equipment!

Due to the great response we had to the sale,
we have decided to PERMANENTLY remove the
$50 minimum commission!

   Item Price                  Commission
$100 - $11,999                        10%
$12,000 - $24,999                     9%
$25,000+                                  8%
The minimum commission is $50.00 for all transactions
 
This means you get instant savings on
THOUSANDS of Items Priced under $500.

Conveyors          Motors
Drills                  Pumps
Feeders             Racking
Hoists               Welders
Mills                  & More!

*Some restrictions may apply.

2017 Tax Incentive -Section 179

Don't forget about the 2017 tax incentive!!

 

To take advantage of the deduction for new and used equipment, all equipment must be financed/purchased and put into service between January 1, 2017 and the end of day on  December 31, 2017.

What is this deduction?

Section 179 of the IRS tax code allows businesses to deduct the full purchase price of qualifying equipment purchased or financed during the tax year.

 

How does it work?

Instead of writing off your purchases a little at a time through depreciation, you are able to write off the full amount for the year you purchased the equipment.

 

Are there limits?

There are caps to the total amount written off ($510,000 for 2017), and limited to the total amount purchased ($2,030,000 in 2017). The deduction begins to phase out dollar-for-dollar after $2,000,000 is spent by a given business.

 

Do I qualify?

All businesses that purchase and/or finance less than $2,000,000 in new or used business equipment during tax year 2017 should qualify for the Section 179 Deduction.

 

Click Here for More Info on Section 179