If you're looking for a way to make some extra cash, flipping kegerators could be the perfect side hustle for you. Buying used kegerators that need a little bit of TLC and then refurbishing them can be a great way to turn a profit.
First, let's start with the basics. A kegerator is a refrigerator that has been modified to hold a keg of beer. They are popular in restaurants, bars, and even in people's homes. When a kegerator breaks down or is no longer needed, it can be sold for a fraction of the cost of a new one.
The kegerator flipper that I spoke to typically gets them from businesses that have closed or upgraded their equipment. He also finds them from homebrewers who have stopped brewing. The price he pays varies, but he usually spends around $500 for a used kegerator that he removes himself.
Once he has the kegerator, he makes any necessary repairs. This often includes replacing the beer and gas hoses, co2 regulators, or changing out a 2 tap tower for a 4 tap tower. He may also replace the faucets or have refrigeration professionals fix any issues with the refrigerant or fan. The flipper typically spends $50-150 in repairs/refurbishment.
After making the necessary repairs, the kegerator is ready to be sold. The flipper can get anywhere from $1,500-2k for a refurbished kegerator, possibly up to $3,500-4k if he helps install it at its destination.
If you're interested in flipping kegerators, it's important to note that it does require some knowledge of refrigeration and keg systems. You'll also need some tools and a truck or van to transport the kegerator. But if you're willing to put in the work, flipping kegerators can be a lucrative side hustle.
Of course, as with any business, there are risks involved. You may not always find a kegerator that is worth the investment or that can be refurbished at a reasonable cost. It's important to do your research and know what you're getting into before you start flipping kegerators.
In summary, flipping kegerators can be a profitable side hustle if you have the knowledge and tools to refurbish them. By buying used kegerators that need some TLC, making necessary repairs, and reselling them, you can turn a profit. With a little bit of work, you could be on your way to making some extra cash. And the best part? You're helping to recycle and reuse equipment that may have otherwise been thrown away.
For more great Side Hustle ideas, check out "101 Real World Side Hustles."
Comments