There are as many reasons today to explore the idea of wholesale catering supplies leasing as there are food and beverage projects and businesses. The American economy has created new smart business models that use leasing greatly to their advantage. If you're considering leasing or financing your catering supplies you are in the right place to get more information. Let's take a look further.
Probably the first thing to consider is that when you choose to lease your equipment and wholesale catering supplies rather than buy them you can test if a concept works or not before making a huge financial investment. With the right terms and through a good company the door is open to make adjustments according to your needs much, much easier than when you've bought your catering equipment. This could be a very, very wise move indeed. Ask around in the industry and it's not hard to find efforts that have found great success after making this smart choice. Sadly, there are also long lists of projects who have failed after pouring a good chunk of their cash into buying equipment that then forced them to stay with a concept that was not right for their situation in the end.
Along the same lines leasing also allows you to try your equipment and make sure it works for you before you buy it. This is always a good thing. Many things work on paper, but once you try them for a period of time may not be the right fit. Don't like your deep fryer or the Chef prefers a different grill? When you lease your equipment these things aren't carved in stone as if you bought them, that's for sure!
Next, you shouldn't forget just what type of freedom having more cash flow available to you often provides. Financing your catering equipment makes that cash flow a reality, freeing you up to use capital other places you may need to.
For a new business this can be a real blessing. Most new businesses have unforeseen trials in their early stages and having back up cash not tied up in buying equipment can be a sound insurance policy against unexpected challenges.
In many cases, financing your wholesale catering supplies and equipment can even offer some tax advantages - being deductions come tax time. Individual situations vary, but in many cases leasing offers real benefits in this area as well.
Every business situation is certainly unique and in some cases it is right to buy. Many more situations are clearly better for you to lease, even if it is leasing until you are in a situation more suited towards buying catering equipment and supplies in the future.
LeaseQ can help you come to the right decision if leasing or financing is the right fit for your own catering equipment needs. Knowledge is power and having a full understanding of all your options can be the real foundation of future business success.
To see if you qualify for wholesale catering supplies leasing, click here for a free quote.