NAICS Code 423440-31 - Restaurant Equipment & Supplies-Used (Wholesale)

Marketing Level - NAICS 8-Digit

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NAICS Code 423440-31 Description (8-Digit)

The Restaurant Equipment & Supplies-Used (Wholesale) industry involves the distribution of used equipment and supplies to restaurants and other food service establishments. This industry is a subdivision of the Other Commercial Equipment Merchant Wholesalers industry, which includes companies that distribute a variety of commercial equipment and supplies to various industries. The used equipment and supplies distributed by companies in this industry are typically acquired from restaurants and other food service establishments that are closing down or upgrading their equipment. Companies in this industry then refurbish and resell the equipment and supplies to other food service establishments at a lower cost than new equipment and supplies.

Hierarchy Navigation for NAICS Code 423440-31

Tools

Tools commonly used in the Restaurant Equipment & Supplies-Used (Wholesale) industry for day-to-day tasks and operations.

  • Commercial refrigerators and freezers
  • Ovens and ranges
  • Grills and griddles
  • Fryers
  • Dishwashers
  • Food processors
  • Mixers
  • Slicers
  • Ice machines
  • Beverage dispensers

Industry Examples of Restaurant Equipment & Supplies-Used (Wholesale)

Common products and services typical of NAICS Code 423440-31, illustrating the main business activities and contributions to the market.

  • Used commercial refrigerators
  • Refurbished ovens and ranges
  • Pre-owned grills and griddles
  • Second-hand fryers
  • Reconditioned dishwashers
  • Refurbished food processors
  • Pre-owned mixers
  • Second-hand slicers
  • Reconditioned ice machines
  • Used beverage dispensers

Certifications, Compliance and Licenses for NAICS Code 423440-31 - Restaurant Equipment & Supplies-Used (Wholesale)

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

  • NSF International Certification: NSF International is an independent organization that provides certifications for food equipment, water treatment and distribution systems, and other products. The NSF certification ensures that the equipment is safe for use in foodservice establishments and meets the standards set by the FDA.
  • UL Certification: UL is a global safety certification company that provides certifications for a wide range of products, including commercial foodservice equipment. The UL certification ensures that the equipment meets safety standards and is safe for use in commercial kitchens.
  • Servsafe Certification: ServSafe is a food and beverage safety training and certificate program administered by the National Restaurant Association. The ServSafe certification ensures that foodservice workers have the knowledge and skills to handle food safely and prevent foodborne illness.
  • OSHA Certification: The Occupational Safety and Health Administration (OSHA) provides certifications for workplace safety and health. The OSHA certification ensures that the workplace is safe for employees and that the equipment used in the workplace meets safety standards.
  • EPA Certification: The Environmental Protection Agency (EPA) provides certifications for the safe handling and disposal of refrigerants used in commercial refrigeration equipment. The EPA certification ensures that the equipment is safe for the environment and that the refrigerants are handled and disposed of properly.

History

A concise historical narrative of NAICS Code 423440-31 covering global milestones and recent developments within the United States.

  • The restaurant equipment and supplies-used (wholesale) industry has a long history dating back to the early 20th century when the first commercial kitchens were established. The industry has seen significant growth and development over the years, with notable advancements in technology and design. In the United States, the industry experienced a boom in the 1950s and 1960s, with the rise of fast-food chains and the need for efficient and cost-effective equipment. In recent years, the industry has seen a shift towards more sustainable and energy-efficient equipment, as well as an increased focus on automation and digitalization to improve efficiency and reduce costs.

Future Outlook for Restaurant Equipment & Supplies-Used (Wholesale)

The anticipated future trajectory of the NAICS 423440-31 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Stable

    The future outlook for the industry "Restaurant Equipment & Supplies-Used (Wholesale)" in the USA is positive. The industry is expected to grow due to the increasing demand for used restaurant equipment and supplies. The growth of the restaurant industry and the need for cost-effective equipment and supplies are the major drivers of the industry. The increasing trend of sustainability and eco-friendliness is also expected to boost the industry as more restaurants are opting for used equipment and supplies to reduce waste. The industry is also expected to benefit from the growth of e-commerce and online marketplaces, which make it easier for buyers and sellers to connect and transact. Overall, the industry is expected to continue to grow in the coming years.

Industry Innovations for NAICS Code 423440-31

Recent groundbreaking advancements and milestones in the Restaurant Equipment & Supplies-Used (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.

  • Online Marketplaces: The growth of online marketplaces such as eBay and Amazon has made it easier for buyers and sellers to connect and transact. This has led to increased competition and lower prices in the industry.
  • Sustainable Equipment and Supplies: The trend of sustainability and eco-friendliness has led to an increased demand for used equipment and supplies. This has led to the development of new products and services that cater to this demand.
  • Equipment Leasing: The growth of equipment leasing has made it easier for restaurants to acquire the equipment they need without having to make a large upfront investment. This has led to increased demand for used equipment and supplies.
  • Mobile Apps: The development of mobile apps has made it easier for buyers and sellers to connect and transact. This has led to increased competition and lower prices in the industry.
  • Equipment Refurbishing: The development of equipment refurbishing services has made it easier for restaurants to acquire high-quality used equipment at a lower cost. This has led to increased demand for used equipment and supplies.

NAICS Code 423440-31 - Restaurant Equipment & Supplies-Used (Wholesale)

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