After select equipment to purchase on your website how will I be guarantee the age and condition when making a reserve deposit?
BKK Auctioneers has a reputation of selling nothing but the best in second-hand restaurant equipment.
Most equipment we sell is less than 2 years old and we guarantee all equipment purchased will be in good working order when the buyer arrives for pickup, if after physical inspection of purchased equipment you the buyer decides for any reason not to complete the purchase your deposit will be refunded to you right there on the spot with no questions asked!
A written description is provided below each picture describing age and condition. BkkAuctioneers is emphatic about customer satisfaction there for your reservation deposit is fully refundable with no questions asked if after physical inspection you the buyer decides for any reason not to complete the purchase.
Buyer / Seller confidentiality
As we all know, the failure rate for new businesses within the first 12 months can be quite daunting and the last thing any business owner wants is the public attention of such an event. For this reason, BKK Auctioneers would like to ensure our sellers of the utmost in privacy & confidentiality.
Arbitration committee
Any dispute or claim originating out of or integrated into this contractual agreement shall be settled by arbitration in accordance with Commercial Arbitration Rules of the American Arbitration Association. Any judgments upon the award rendered by arbitrators may be entered into any court having jurisdiction thereof.
Financial liability
BKK Auctioneers, sellers and buyers of assets being sold shall be limited in liability to no more than the advertised purchase price on this website.
Pickup & removal
Buyers must arrange for pickup and removal of purchased items with the seller at the time of physical inspection.
RestaurantJenius.com is one of two successfully venues owned and operated by BkkAuctioneers.com, which is the number one seller of second-hand restaurant asset in Thailand. We advertise to more than twenty thousand restaurant venues each week in your area via email, Google Ad words and other advertising venues.
We’ve found through experience that buyers & sellers prefer doing business with someone specifically in the restaurant assets business rather than buying or selling restaurant assets through general advertisers such as Craigslist, Ebay, Amazon, facebook“ETC”.
Most individuals sellers, end up selling their restaurant equipment and assets 50% to 60% under market value, this is because most sellers lack the basic understanding of the second hand restaurant equipment market and also don’t understand buyer behaviors in addition to not having any a market presences.
How do we know this to be true?
We’ll the answer is very simple! We at BKK Auctioneers have been buying and selling second hand restaurant equipment for years and paying, 50% to 60% under market value for the assets and then reselling for double our purchase price.
Restaurant Jenius will sell your restaurant equipment and assets and get you the fair market value you deserve.
In most all cases it cost the seller nothing to sell there restaurant assets through Restaurant Jenius because Restaurant Jenius will get you significantly more money for your assets sold than you will get trying to sell those assets on your owner.
Simply send us good quality 7x7cm pictures in JPG, PNG or GIF format along with product Brand name & model Identification with produce dimensions >“(W)-width (D)-depth (H)-height” of the assets you want to sell and we will post the assets on our website and our advertising media campaigns. We have buyers standing by to purchase your items.
Most individuals sellers, end up selling their restaurant equipment and assets 50% to 60% under market value, this is because most sellers lack the basic understanding of the second hand restaurant equipment market and also don’t understand buyer behaviors in addition to not having any a market presences.
(Step one)
Please download and read carefully our asset consignment agreement.
(Step two) Please contact our seller consignment department
How will BKK Auctioneers conduct the sale of my equipment?
BKK Auctioneers will introduce the buyer & seller directly via telephone & email after BKK Auctioneers. In many cases the buyer will have paid a good faith reserve deposit directly to BKK Auctioneers equal to 16.5%. Reserve deposits are fully refundable with no questions asked if after physical inspection the buy decides for any reason not to complete the purchase. Upon satisfactory completion of physical inspection the buyer will pay the remaining purchase balance directly to you the seller /consignor of the equipment.
Please email us to receive our seller consignment agreement:
Email:Info@bkkauctioneers.com
How much will Bkk. Auctions charge to sell my items?
Please contact us for consignment conditions of sale. 9Whats app bottom of page or contact us page
How much can I expect to receive from the sale of my equipment?
Restaurant Equipment Bangkok (AKA BKK Auctioneers) recommends to all seller / consignor’s to please put on the buyer’s hat and ask what would you be willing to pay for the item or items you want to sell?
Sellers / consignor of equipment can determine their own selling price as long as it does not exceed 55% of what the item cost when new excluding Gov. Tax. We recommend that consignor visit competing websites such as Craigslist, Amazon.Com & Ebay “ETC” to determine the selling price of their second-hand equipment.
Average depreciation schedule on second-hand equipment
- 1 year old or less 45% of the cost when new.
- 1 to 2-year-old 45% to 40% of the cost when new.
- 2 to 3-year-old 40% to 35% of the cost when new.
- 3 to 4-year-old 35% to 30% of the cost when new.
- 4 to 5-year-old 30% to 25% of the cost when new.
- 5 to 6-year-old 25% to 20% of the cost when new
Please bear in mind the average depreciation schedule is based on condition and age, some restaurant owners take meticulous care of their equipment which pays off when it’s time to sell, if your equipment is in mint condition it’s definitely possible to capture more than what’s indicated on the above depreciation schedule.
Dirty equipment
We can not emphasize enough that dirty equipment will drastically affect the resale price of your second-hand equipment, condition and cleanliness is a key factor in what your second-hand equipment will sell for.
Broken equipment
No potential restaurant equipment buyer will be interested in purchasing broken equipment, we strongly recommend having broken equipment repaired before showing it to potential buyers.