Restaurant Equipment Leasing
When furnishing your home kitchen, you probably would not consider leasing kitchen equipment. The various units are not subject to nearly as much wear and tear as commercial kitchen equipment, so buying the pieces outright makes the most sense. In a restaurant setting, however, everything changes. The units are in near continuous use 10 or 12 hours a day, almost every day of the week. With this in mind restaurant equipment leasing may often be the most productive way to go. In fact, leasing restaurant equipment may be the preferred option.
There are several key benefits to kitchen equipment leasing, not the least of which is the amount of start up cash that can be saved when you are getting ready to open. Instead of forking over thousands of dollars for a new oven, those same funds can be put toward a first food order or payroll.
When you lease kitchen equipment, some items may be free (no monthly lease fee) if you are already buying the company’s product, such as dishwashing chemicals or coffee makers. This is not a bad perk at all.
If the equipment obtained under a kitchen equipment lease breaks, you do not have to pay for the repairs on the unit. Maintenance will in most cases be covered under the terms of the lease.
Once the commercial kitchen equipment lease is up, you have the option of getting a new model if you renew the lease, or purchasing the current unit at market value. Obviously these are options that would not be available to you in the event of a straight finance or purchase.
Leasing Options For You
There are also certain pieces of restaurant equipment for lease that are ideally suited for leasing options, primarily due to their short life span and the fact that they would not be worth the investment to purchase new. Some of these items include ice machines, dishwashers, coffee makers, and coolers. Other lease worthy items include table linens, cook uniforms, dishrags and floormats. Keep in mind that there are a lot of companies that specialize in restaurant linens, and in many cases it may be cheaper to send the laundry out for cleaning as opposed to having the staff do it.
Of course any time that you lease commercial kitchen equipment, remember that you do not own the equipment and there will be a weekly or monthly bill. There will also be a restaurant equipment leasing contract which you will need to thoroughly understand before signing.
LeaseQ is one of the leading providers of lending options when it comes to commercial kitchen equipment for lease. They offer a number of different alternatives for securing the restaurant equipment that you need, and approval can be done online within a matter of minutes.