Do you own a restaurant that needs to upgrade or replace its equipment?
Have you been thinking it might be a good idea to consider equipment financing, but, not sure how effective it is?
Keep reading. This article will help you understand the value of leasing restaurant equipment.
Equipment leasing is usually the best and most affordable way for commercial kitchens to save money while running a successful restaurant.Restaurants of any size can reap the benefits of leasing equipment.
According to GE Capital, around 85% of small and mid-sized businesses choose equipment leasing and enjoy the many benefits that come with it.
Renting Restaurant Equipment is designed to be easy for any business to handle. Whether they are brand new or seasoned professionals. Leasing can offer your restaurant better value, convenience, and greater control
It Saves You Money
For most restaurant owners, or really any business owner, the answer will always be, “Yes!” Good choice! Let us explain..
With an equipment lease, you are able to finance 100% of the equipment. This is especially valuable when your new restaurant needs equipment like a $3,150 stove. Most lease agreements require a minimum up-front cost advance of only one or two month’s payment. Leasing equipment lets you hold onto your cash or spend it on other areas of the business.
Flexible Low Monthly Payments
Having the ability to quickly acquire the equipment you need while making low monthly payments, is an advantage. In fact, thirty-five percent of respondents to the Equipment Leasing Association’s survey agreed this was leasing’s second-highest benefit.
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Maintain Competitive Edge
To run a successful restaurant, it’s important for business owners to stay competitive. Leasing gives you the advantage of getting the latest technology available without the worry of getting stuck with outdated equipment. According to the ELFA, “Leasing is an excellent hedge against obsolescence.”
To learn more about the benefits of leasing work equipment, here.