When a restaurant closes, the POS is one of the few assets that can be sold quickly, but only if it is handled in the right order. Settle payments and contracts first, then sell what you own.
1. Close out payments
Before anything is unplugged, make sure every payment has uploaded from every device. On Toast, that means the Queues tab shows zero on each handheld and terminal (source).
2. Read your POS contract
POS contracts often renew automatically. Toast's own help article says orders renew for successive one-year terms after the initial term unless 30 days' written notice is given, and base software for the first terminal cannot be cancelled mid-contract (source). Contact your provider early.
3. Separate owned from leased
Leased equipment belongs to the lessor until it is bought out. On Toast that is Easy Pay; see our Easy Pay guide. Make one list of owned devices and one of leased.
4. Make one list of everything
- Terminals and their stands
- Handhelds, chargers and docks
- Kitchen display screens and mounts
- Card readers
- Receipt, kitchen and label printers
- Cash drawers, scanners, scales
- Routers, switches and access points
5. Sell the technology as one lot
Quoting the whole list at once is faster than selling device by device on a marketplace. We buy the POS side: terminals, handhelds, kitchen screens, printers, readers and networking. Ovens, refrigeration and furniture are better handled by a restaurant equipment dealer.
Questions and answers
We are closing our restaurant. Can you take all the POS equipment at once?
Yes. Send one list covering terminals, handhelds, kitchen screens, printers, card readers and networking, and we quote it as a single lot. We buy the technology, not ovens or refrigeration.
Updated 2026-11-09. Quotes from Toast are taken from Toast's public support articles, linked inline. Toast's policies can change; your contract governs your account.