The average annual revenue for sole proprietorship grocery store businesses is $289,628, which may have people interested in the industry. But while that amount sounds high, the average net profit margin is only 3%.
If you own a grocery store yourself, then you might be feeling the pinch in your wallet.
Are you looking for ways to make more money? Then sell your surplus grocery store equipment. Not only can you clear some space, but you can get extra cash too.
In this article, we’ll show you how to sell your surplus equipment to get top-dollar results.
Use Your Industry Connections
Have you spent time carefully making industry connections? Then it’s time to put them to good use.
Reach out to these other businesses to see if anyone’s interested in purchasing equipment. If not, then they might know someone who is, and they can point you in the right direction.
Make Local Business Listings
It might seem old-fashioned, but print ads do still work.
So place ads in local business directories or newspapers. You never know when someone will happen upon your ad. Many local businesses (especially new startups) may be looking for affordable used equipment, so these are perfect opportunities to offload your unneeded items.
Utilize Social Media
Take things online and post on social media platforms such as Facebook or Instagram. Or you can join relevant groups or forums, such as those on LinkedIn.
Whatever you do, be proactive. Post regularly and follow up if people leave comments.
Try Online Platforms
To make things easier on yourself and to reach a wider audience, list your equipment on online platforms. Some great ones to use include eBay and Craigslist.
You can also do some research to find specialized equipment marketplaces to get your ad in front of more people.
Have a Third Party Sell for You
Understandably, you may have your hands full running your grocery store. With barely any spare time for yourself, you may not wish to use your free moments to search for acceptable buyers for your equipment.
In that case, having a third party take over this task is a lifesaver. With grocery store liquidation services, all you have to do is have the company collect your items, and they’ll do the marketing and selling. Once they’re done, they’ll send a good chunk of the profits to you, and that’s it!
There are also specific equipment resellers and consignment shops that you can try too.
Sell Your Grocery Store Equipment Efficiently
If you have excess grocery store equipment sitting around and taking up space, then it’s about time you do something about it. Selling your equipment is an excellent way to free up space and make a little money, and every little bit helps.
So explore the avenues we’ve suggested in this article. Afterward, you’ll find that moving your equipment isn’t as hard as you initially thought.
For more advice on being a grocery store owner and running your business smartly, check out more of our blog page now.
