It doesn’t matter whether you own a retail outlet, a coffee shop or a restaurant, the right point of sale equipment is important because it can increase your bottom line. Point of sale equipment has three parts for scanning, recording and transmitting data. Some equipment may be too sophisticated for your type of business while…
Many people dream of opening an espresso bar but there are several factors to consider before this dream can be actualized. Many people begin planning about opening their new espresso bar based on their dreams. While it is normal to get swept away by your dream, too much energy and time can be wasted working…
Opening a restaurant is a huge undertaking and you have to know how you can save money on commercial grade kitchen equipment. Besides securing the right place to locate your restaurant and hiring high quality staff, you need to find high quality commercial grade restaurant equipment. Before making any kind of purchases or down payments…
The tax implications of leasing business equipment are different from that of purchasing it. In order for you to get the benefits of tax implications, you have to first of all understand that there is a difference between buying and leasing. Under a typical lease agreement, you are entitled to deduct lease payments if you…
How much does it cost to finance restaurant equipment? Many restaurant owners almost always ask this question when looking to lease kitchen equipment for their restaurant. Picture this. Mr. Smith, the owner of an upcoming restaurant in the suburbs thought he had reason to celebrate. He had signed an unbelievable $400, 000 lease agreement covering…
Rather than look at the best restaurant equipment lease rates as the lowest rates that you can get, look at them as the most competitive ones that you can get in the industry. Capital expenditures often ties up a restaurant’s resources, which would have otherwise been used to fund other development or expansion strategies. Leasing…
How much does it cost to rent restaurant equipment? The answer to this question depends on a lot of factors, many of which actually contribute to the overall cost of your equipment lease. Restaurants that enter into an equipment lease blindly without even considering the risks involved, have a higher chance of paying more than…
When leasing equipment for your restaurant, you may have come across the term fair market value. Fair market value is a term used in many different types of equipment lease agreements. Many lessees assume that since their lease agreements allow them to purchase the equipment at fair market value then the value of the equipment…
Finance rates for restaurant equipment are usually very tricky to calculate and you may end up with nothing but a very costly transaction. Without a doubt, leasing is one of the best and preferred ways by restaurant owners to acquire kitchen equipment. This is because they know that leasing has many advantages such as tax…
People lease all kinds of equipment ranging from construction equipment, computer equipment and even restaurant equipment. What exactly are the pros and cons of leasing restaurant equipment? Restaurant equipment is very expensive and can put quite a strain on working capital. Leasing is a great way to acquire kitchen equipment without spending a lot of…