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

Here's one more reason to look forward to the holidays!

End of Year Savings from Bid on Equipment

As our holiday gift to you, Bid on Equipment is removing the
$50 minimum commission through the end of the year.

   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!
                                                               

But hurry: This sale ends with your 2018 New Year Toast!

*No minimum $50 commission will apply to all purchases
resulting from offers placed between Nov. 20 and Dec. 31, 2017.
Some restrictions may apply.

October 2017 Trends Report

What has been bringing buyers to Bid on Equipment through the month of October 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 Air Compressors for Sale

Icee Machine for Sale

Used Printing Equipment

Used Water Tanks for Sale

Used Machine Shop Equipment

Used Walk In Cooler

Bakery Equipment Auction

Metal Brake for Sale

Conveyors for Sale


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

Restaurant Equipment

Air Compressors

Woodworking Machinery

Tanks

Machine Shop Equipment

Conveyor Systems

Dairy Equipment

Meat Processing Equipment

Bakery Equipment

Walk-In Freezers and Coolers


 

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

Sweco

Savage

Mueller

Cretors

Butcher Boy

Graco

Urschel

IQF

Multivac

Rotex


The Top Ten Viewed Items in the Last Month

Icee Machine

Consew 226R W Reverse Leather Sewing Machine Head Only

Hunter DSP 9000 Wheel Balancer

Cornely A5 Chain Stitch Hand Embroidery Machine

Mobile Oil Change Van

Esporta ES3300 Wash System

Chicago Flatwork Ironer

Weinig Quattromat 23P Wood Planer

Accu-Bend 410 Channel Letter Machine

Chocolate Conching Machine

September 2017 Trends Report

What has been bringing buyers to Bid on Equipment through the month of September 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 Hot Water Heaters for Sale

Icee Machine for Sale

Used Dairy Equipment

Restaurant Equipment

Used Walk-In Cooler

Used Water Tanks for Sale

Used Sheet Metal Brake

Used Air Compressors for Sale

Bakery Equipment Auction


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

Restaurant Equipment

Tanks

Machine Shop and Tools

Conveyor Systems

Woodworking Machinery

Air Compressors

Dairy Equipment

Water Heaters

Bakery Equipment

Walk-In Freezers and Coolers


 

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

Trane

Cretors

Vemag

Butcher Boy

IQF

Savage

Multivac

Munters

Blodgett

Urschel


The Top Ten Viewed Items in the Last Month

Icee Machine

Miller SRH-444 Stick Welder

Hunter DSP 9000 Wheel Balancer

Packworld USA Heat Sealer

Mobile Oil Change Van

Honda GX620 Twin Groban Generator

Esporta ES3300 Wash System

Chicago Flatwork Ironer

BE&SCO Tortilla Press

Logan 825 Metal Lathe

Small Business Dreams

Opening a business takes hard work, careful planning, and smart decision-making. With so much to learn, an entrepreneur has to start somewhere… often, that somewhere is Google. We’ve analyzed national and state-level search trends to find out what types of small business people are most frequently thinking about starting.

The allure of opening a small business is that you get to be your own boss. The downside is that the boss is responsible for everything, which includes not only the big ideas and (hopefully) big profits, but also the time-consuming, unsexy-yet-necessary details. A smart business owner knows that finding specialized help for tasks—such as payroll, accounting, personnel and office management, and business administration—can leave the owner with more valuable time to focus on building a successful business. The top two most profitable types of small businesses make up almost 40%, meaning there is a healthy market for businesses that specialize in particular professional services.

Geography certainly plays a role in viable business opportunities. Budding entrepreneurs in Montana, Wyoming, and Colorado researched opening a bar more than other states, perhaps owing to the fact that a bar in a sparsely populated area would have little competition, as opposed to an area that has a bar on every corner.  

Notably, eight states ranked high for people especially interested in starting a clothing line. However, even though clothing is the most searched small business opportunity in the country, retail is not in the top 10 most profitable small businesses, and it is only seventh of the most common actual businesses. Given the high cost of overhead, renting a storefront, merchandising, and competing for customers with online marketplaces, becoming the next Coco Chanel or Calvin Klein remains only a dream for most.

Perhaps that’s why some of the most common small businesses rely on trade skills, such as bookkeeping, car repair, website design, and computer services. Creating a business that keeps other businesses humming along is a smart way for small business owners to ensurjob stability. 

Specialized services, such as dentistry, real estate, legal services, and health care providers, are also profitable small businesses, making up approximately seven of the top 10 small businesses. Personal practices work because they can be managed at scale: determining the number of clients or customers, personalized care, and specializing in a niche service or profession.  

As the research points out, owning a successful small business could depend heavily on the geography and type of business more than the dreams of the entrepreneur. The key to successful self-employment lies in the foresight to find the right market for the right business, and the hustle to make it happen.