Core Viewpoint - The second-hand restaurant equipment recovery industry is facing significant challenges, with many operators experiencing a sharp decline in sales and increased inventory pressure due to a lack of demand and heightened competition [4][6][12]. Group 1: Industry Challenges - Many "grave diggers" in the restaurant industry are reporting a halving of their revenues, with terms like "operating at a loss" becoming common [4][6]. - The traditional peak season for selling second-hand equipment has not materialized this year, leading to increased inventory and financial strain for many recovery operators [7][8]. - In the first eight months of this year, the volume of second-hand equipment recovered from hot pot restaurants increased by over 100%, but sales of related equipment dropped by more than 30% [8][12]. Group 2: Market Dynamics - The second-hand equipment recovery market has shifted from a high-margin niche to a highly competitive environment, with increased transparency in pricing and reduced profit margins [12][15]. - The previous model of low-cost acquisitions has ended, with recovery operators now facing higher purchase prices and lower selling prices, leading to a significant decline in profitability [16][18]. - The number of new restaurant openings has decreased, resulting in fewer opportunities for recovery operators to sell acquired equipment, leading to inventory buildup and cash flow issues [19][21]. Group 3: Adaptation Strategies - To survive, many recovery operators are focusing on improving inventory turnover and adopting a more selective approach to acquisitions, prioritizing high-demand and newer equipment [26][29]. - Some operators are reducing operational costs by downsizing staff and shifting to online sales models to lower rental expenses [30][31]. - A trend towards offering enhanced services, such as extended warranties and maintenance support, is emerging as operators seek to meet the evolving demands of chain brands [30][31]. Group 4: Conclusion - The second-hand restaurant equipment recovery sector is transitioning from a period of easy profits to a more professional and service-oriented model, where success will depend on understanding market needs and providing better services [32].