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Restaurant closures produce glut of used equipment finance-commerce.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finance-commerce.com Daily Mail and Mail on Sunday newspapers.
SAN LEANDRO, Calif. (AP) The pandemic’s heavy toll on the restaurant industry can be seen in Jose Bonilla Jr.’s cavernous warehouse, which is packed with industrial ovens, grills, mixers, refrigerators, dining tables and chairs. Bonilla’s family business, American Restaurant Supply in San Leandro, Calif., buys used appliances, furniture and other equipment when restaurants close in the San Francisco Bay Area. “We have an overflow of equipment that’s been coming in,” said Bonilla, whose family started the company more than 40 years ago. The COVID-19 pandemic has forced tens of thousands of restaurants to permanently shut their doors as dining restrictions keep customers away. But it has also been a boon for commercial auctioneers that buy used equipment and sell them to restaurants that managed to stay afloat, particularly ones that have expanded their takeout business and are eager to snatch up supplies at bargain prices. ....