Upgrading the equipment in your restaurant is typically put off for multiple reasons, but the main reason is because you, as a business owner, may not be able to afford it. Leasing restaurant equipment is the best option for you. All businesses need income to survive. Having proper cash flow management is crucial when it comes to the important elements of success, regardless of whether your business may be a single restaurant or an entire chain. Leasing restaurant equipment can be easier than purchasing new restaurant equipment. Leasing will facilitate the process of getting the restaurant equipment you need without having to spend a large amount of money at once.
Let’s say your industrial stove breaks and you cannot afford to buy a new one, leasing is a great option for you. All different types of kitchen equipment are easily available for lease, such as the US Refrigeration USPV-93 93” 3dr. S/S Pizza Prep Table.
The process of Leasing Restaurant Equipment
The leasing process is easy with a fast approval process. You are able to browse a large selection of restaurant equipment to find what you need. From there, all you have to do is go through the application process by going to the correct link, go over the terms with a financial representative, sign the agreement, and then you’re finished!
Once you have been approved, your restaurant equipment will make its way to you through a fast shipping process. You will have leased restaurant equipment for a fraction of the price when compared to buying new equipment.
The Benefits of Leased vs Purchased
You may be wondering whether or not it’s cheaper to go through the process of leasing restaurant equipment instead of purchasing, and whether or not it will benefit you more.
For one, you can claim your leased restaurant equipment on your taxes, which you would not be able to do if you purchased it. For the standard lease program, you are only required to make one payment in advance, as well as the fee for documentation, before your lease can begin. This allows you to start profiting off of your leased restaurant equipment right away.
You will also gain a credit decision for leasing restaurant equipment for the total maximum amount that you are able to finance almost instantly. This also means that no tax returns or financial reports are required for leased restaurant equipment, which would not be possible should you buy new equipment instead.
Making Your Decision
The final decision is yours, but it’s crystal clear as to why leasing restaurant equipment is the better option, especially when it comes to the stability and income for your business.