Kitchen equipment prices keep on increasing yearly, and if you own a catering or restaurant business, this situation is quite challenging. It is not a secret that a catering and restaurant business needs to replenish their equipment every few years. This is not only to ensure that the business would look stylish and up to date but because of the fact that kitchen equipment's dexterity also diminishes through the years. This is the reason why kitchen equipment prices for financing is a very serious subject for most entrepreneurs.
If you have been trying to figure out the options to ensure that you will have the best kitchen equipment prices at a price that you can afford, then you have probably stumbled upon the idea of kitchen equipment leasing prices and renting prices. These two are the probable options aside from cash purchase equipment.
Both of these options will provide you the chance to keep monthly costs low and within your range. However, keeping monthly costs low for the rental option is a bit unstable. This is because in a renting contract, the owner can manipulate the prices whenever he likes, unlike in the leasing contract where you are guaranteed to have the stable leasing fee throughout the contract. In addition, at the end of the contract, you can opt to return the equipment at the end of the lease or make a final payment such as a $1 buyout at the end of the lease.
What are you going to get if you choose to pursue the kitchen equipment leasing option path? Basically, you will have the chance to own, for a specific period of time, the kitchen equipment you need. You also don't have to worry about the maintenance or tax value added that you will have to prepare for cash purchased equipment. The owner of the product will take care of the maintenance and will even replace dysfunctional equipment. As for the tax, it can be declared as an operational cost.
If you are keen on researching, then you can easily find the equipment lease that's right for you. If you don't know where to look for equipment leasing companies, you can start by asking your dealer to recommend dealers in that niche or going to LeaseQ and getting a free instant quote would be the best route. However, it is a fact that not everyone has enough budget for kitchen equipment leasing prices.
Realizing that leasing is the best option to always own the best kitchen equipment is just the tip of the iceberg. As you might know, kitchen equipment leasing prices can be quite expensive; for this reason, you will have to look for kitchen equipment leasing financing companies. How can you do this? One of the best ways is to visit LeaseQ. This company will help you look for kitchen equipment leasing companies and lenders.
Although, you will receive a soft credit pull that has no impact on your credit score. In addition, this company can provide you with fast and free quote. To see if you qualify for kitchen equipment prices leasing, click here for a free quote.
There are many things which are required to open and operate a successful restaurant business. One needs to take care of various licenses and permits required along with hiring staff, marketing and lots of other stuff. But the most important and normally the most costly ingredient for a food business is the equipment required for operating this business. To serve food at a commercial level, you will most certainly need industrial kitchen equipment.
One of the first steps which you would like to take while opening a restaurant is to meet your local hygiene and food authority. You will need to adhere to their health standards if you want to operate your own restaurant. Their standards are pretty high. They will want you to have separate areas for food preparation and washing. Another concern of theirs is maintaining the cleanliness and hygiene throughout the process of food preparation. It is advisable to work with them from the start rather than making changes later on which will add to the costs.
Industrial kitchen equipment includes commercial level ovens, grills, ranges and other heavy equipment. Getting this equipment into your kitchen means spending a large amount of money upfront. The truth is, that most small-time businesses do not have the cash required to spend upfront especially when there is no guarantee of its success.
Thankfully, there are other options available like buying used equipment or leasing industrial kitchen equipment.
The option of buying used equipment should not be considered at all. Not only will it cost you more in the long run but it is also likely to break down at critical juncture is. Also, finding anything in good condition at the right price will take a lot of time and consider yourself lucky if you're able to find anything.
Other than the options discussed above, you always have the option of leasing industrial kitchen equipment. The kitchen equipment leasing company will not only provide you with all the equipment you need but will also maintain it for you. You can negotiate the lease rate with these companies. More often than not, the lease rate will save you money in the short run, which is when you most require money.
While finalizing the lease, check the terms and conditions of the lease carefully. It is quite likely that you will be able to buy the equipment for a very low rate at the end of the lease.
As mentioned earlier, financing the industrial kitchen equipment is easy. To get the best possible lease on industrial kitchen equipment, you should try to get quotes from a lot of leasing companies. You can ask your local supplier about various leasing companies offering equipment on lease in your area. Just tell them your requirement and they will send you a quote.
Alternatively, you can also get quotes from multiple leasing companies from the comfort of your home by utilizing the services of companies such as www.LeaseQ.com. Services like LeaseQ allow you to get a free quote from various leasing companies at the click of a button. You just need to fill up by online form and they will provide you free quote in less than 2 min. To see if you qualify for industrial kitchens leasing, click here for a free quote.
Opening a restaurant and more importantly running a restaurant profitably is part art and part science. Cooking great food for the patrons is an art whereas managing day to day operations and the finances is more of a science. As mentioned by the University of Ohio, around 50 - 60% of all restaurants failed in the first three years of opening and most of them failed for the reasons under the control of owners. One of the main reasons, managing finances for restaurants becomes a big pain is that the industrial kitchen equipment needed for the restaurant costs a lot and if the restaurant is not a hit with the patrons, the interest costs of the loans taken for the equipment adds a lot of pressure to the overall financial situation.
There are many things one should keep in mind while cash purchasing or leasing industrial kitchen equipment. Some of the important points to note are as follows:
Time efficiency: These days, there are kitchen equipment which come with time saving features. If you cash purchase a time efficient cooking machine, it will not only help in saving money but will also delight the patrons by cutting down the cooking time.
Infrared Cooking: There is a lot of equipment available these days which comes with infrared cooking. It utilizes the infrared rays to cook and some of the foods which require fast broiling taste much better if cooked on infrared.
Self Cleaning: A lot of modern industrial kitchen equipment comes with self-cleaning option. Though they may cost a bit more, but they save money in the long run by saving on labor as well as water costs.
Use Less Water: Water usage is something a lot of restaurant owners ignore but it is a fact that using kitchen equipment which uses less water adds a lot of dollars to the bottom line by saving on the water bills.
As discussed earlier, one of the biggest expenses of opening a restaurant is the money spent on cash purchase of Kitchen equipment. There are many ways to manage the costs involved with this. One of the best ways to keep your costs down at the start ( when the money is short ) is to lease the kitchen equipment.
There are many dealers available in the market who will lease out the equipment to you at a fixed monthly rate and most of the times you will get to keep the equipment at the end of lease period for a buyout price of $1.
The industrial kitchen equipment financing can be arranged by way of a costly loan from the bank or by way of leasing the required equipment. These days, it has become very easy to lease the equipment. You can ask the dealer to recommend you the dealers who lease equipment. One can also check on line for an instant quote on leasing the kitchen equipment on websites like www.LeaseQ.com.
Online services like LeaseQ.com take less than 2 minutes to provide you the necessary information. To see if you qualify for the industrial Kitchen equipment leasing, simple click here for a free quote.