When companies are approaching the year end they want to sell a lot of their old stock. In the new year, although the products are not really old, they would be considered to be a year older, technically. For this reason, many companies will mark down their prices in order to get rid of the older stock.
Companies such as catering equipment wholesalers could mark down their commercial refrigerators, kitchen equipment, or seasonal products before they close for the holiday season. This would be the ideal time to capitalize on those bargains. It is a good idea to save for such specials early in the year so that you are financially prepared when the end of year arrives.
Getting ready for end of year bargains takes some preparation.
- You need to do your homework. Look at what equipment you are hoping to procure. Check the prices of the various units and keep a record of it. When the end of year specials are on, then you know exactly what you need to purchase.
- Sign up for mailing lists. If you want to be the first to know about a sale, then sign up to the company’s email newsletter. This way you will get their latest email newsletters directly to your inbox. It will have information on what is on sale, how much you’ll be saving, and the duration of the sale.
- Save for sales. Keep a separate fund aside into which you place a set amount every month. A savings account that gains interest on a monthly basis will be a good idea. This way your funds will grow and you will have a little more at the end of the year.
- Decide on a budget. Decide on how much you want to spend on a catering equipment sale and stick to the budget. It is the end of the year so you don’t want to over spend. You need to think about the new year, overheads, and bonuses.
- Delivery or collection. Decide beforehand whether you will pay for delivery or whether you have a vehicle to collect the catering equipment. If you opt for a delivery option, make sure that you build the cost into your budget. If you collect the product yourself, make sure that you secure it properly to avoid any damage during transport.
- Be realistic. The catering equipment that you will purchase at an end of year catering equipment sale won’t be the latest range, it will be last year’s range or possibly end of range stock. However, they will still be brand new and by no means obsolete, so you don’t have to be concerned about that.