If you run a restaurant business and you need to sell some of your restaurant equipment, or if you simply run a business of selling all sorts of equipment including those used in the restaurant, then there is one important document you should be aware of. And this is called a bill of sale which could be used to sell office tools and machinery, kitchen equipment, general home use, or entertainment equipment. So if you plan to sell any of your restaurant equipment, you will need to provide this document to your buyer. To know more about this, let us discuss this further below. And if you need any help preparing a bill of sale, then we’ve got a list of comprehensive restaurant equipment bill of sale samples that are downloadable for free on this page.
10+ Restaurant Equipment Bill of Sale Samples
1. Restaurant Equipment Bill of Sale Template
2. Restaurant Equipment Bill of Sale
3. Sample Restaurant Equipment Bill of Sale
4. Restaurant Payment Equipment Bill of Sale
5. Restaurant Corporation Equipment Bill of Sale
6. Restaurant Agricultural Equipment Bill of Sale
7. Restaurant Surplus Equipment Bill of Sale
8. Restaurant Agency Equipment Bill of Sale
9. Restaurant Equipment Bill of Sale Form
10. Restaurant Warranty Equipment Bill of Sale
11. Standard Restaurant Equipment Bill of Sale
What Is a Restaurant Equipment Bill of Sale?
It is important for every seller to document the sale of their item. And there are several ways to do such as providing an official receipt, purchase order, acknowledgment receipt and there’s the bill of sale. During the purchase and sale of restaurant equipment, you will need to prepare a restaurant equipment bill of sale–a document that would describe the equipment for sale, the parties involved, and the selling price. The document provides a buyer with proof that they acquired equipment legally. The form can be completed by either party so long the information written is accurate. As a buyer, you want to make sure of the equipment you have bought from the seller, and if you are rather particular when it comes to the brand then you have the bill of sale to state all these details. If there are any discrepancies in the future this document can serve as a reference.
How To Create a Restaurant Equipment Bill of Sale?
Take note that whenever you are buying restaurant equipment or any equipment or machinery for that matter, remember to do your research, check for authenticity by asking the seller for the equipment’s serial number. Then call the manufacturer to see if the serial number matches a record to verify the authenticity. Then if it permits, inspect the equipment properly for damages. Inspections can be a hassle or costly most especially when it comes to equipment but it’s best to be sure of what you are about to purchase.
So a bill of sale comes after payment has been received by the seller, whether it’s in the form of a credit or debit charge, cash, or certified check payment. Write all the details in this document as proof that a transaction has been made between both parties. To help you prepare a restaurant equipment bill of sale here are the following steps below.
I. Contact Information
Provide the names and the address of the buyer and the seller, as well as the selling price of the equipment.
II. Item Details
Describer the equipment for sale, which will include the following details:
- Model Type
- Brand Name
- Serial Number
- If applicable, attach a photograph of the restaurant equipment that is being purchased.
III. Date of Sale and Agreement
Provide a statement in the document which contains the seller’s acknowledgment of the agreed date as to transfer of funds and the change of ownership to the buyer.
Both of the parties should sign the document as well as the date of when the document was signed.
What Is a General Bill of Sale?
This is a document that details and proves that a sale took place between a buyer and a seller.
Why is a Bill of Sale Important?
A bill of sale is important because this will serve as proof that a transaction has been exchanged between two parties. This secures the transfer of properties or any selling items by drafting a proper document to prevent misunderstandings.
What Is a Promissory Note?
This is a promise to pay someone or a company. A financial instrument that binds the borrowers by law to pay the lender the specified sum of money at a specified date or on-demand.
A restaurant equipment bill of sale is a vital document that ensures that both parties have properly documented the sale of the equipment. To make it easier for you to prepare, don’t forget to download our free samples above.
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