Wholesale restaurant supply cash purchase has traditionally been seen as a lifelong investment by restaurant owners. However, this perception is changing. Business owners have discovered that ownership of equipment and supplies alone will never produce revenue; it's all in the use of the equipment and supply. Leasing gives you the option of productively using restaurant supply without actually having to cash purchase it and own it. However in the long run, leasing allows you to own the equipment. Discover how in the following sections.
Restaurant supply includes a wide variety of supply and equipment required in every section of the restaurant. This ranges from furnishings such as lightings, tables and chairs; to dinnerware such as plates and silverware; to kitchen equipment such as fryers, drills, ovens and dishwashers; to refrigeration equipment such as coolers and freezers; to bakery supply such as flour mixers, kitchen timers and measures, pastry brushes; to tea and coffee equipment; to storage equipment such as storage racks and shelves. Getting all the restaurant supply required for all sections of the restaurant from the kitchen to the counter to the table top can be quite capital intensive. Getting it to the last detail of napkins is important; but getting a good financial plan is equally, if not more, important.
Wholesale restaurant supply leasing has proven to be the best financing option for new restaurant owners. Cash purchase for the wide variety of restaurant supply is not a feasible option for many and financially damaging for others. While others use their lifelong saving to make this cash purchase, others opt to apply for a bank loan to finance the purchase.
It is not wise to use all your savings on restaurant supplies since procurement of supplies is an ongoing process and a restaurant is a business that has good and bad times. It is always best to use minimum capital when you are starting up a restaurant. Buy conserving your capital; you can be at ease while operating your new restaurant.
Taking a bank loan for cash purchase, on the other hand, can worsen your financial position instead of providing a relief. Conventional banks typically offer loans at high interest and tend to have unfavorable repayment terms. By taking a loan, you might end up working to finance your loan rather than focusing on the success of your business.
This is where wholesale restaurant supply leasing comes in. Leasing is a financial option that will make starting up a restaurant financially more feasible and pleasant for you. By making a small initial down payment, and making affordable lease payments afterwards over an extended lease period, you can start using high quality restaurant supply. Leasing thus eliminates the large cash outlays required for one to make an outright cash purchase.
Financing options for wholesale restaurant equipment may include leasing or taking out a loan for your wholesale restaurant supply leasing. Leasing offers a financing option that will keep your monthly costs at an alltime low. In addition, instead of returning the restaurant equipment at the end of the lease period, you can buy out the equipment and supplies by making a minimum final payment of about $1. Therefore, in the long run, it can be a purchase strategy.
Finding a wholesale restaurant supply leasing that is right for you is not as hard as it may seem. You could ask your local dealer to recommend dealers in wholesale restaurant supplies or you could simply go to LeaseQ and get a free instant quote. LeaseQ is fast and free; therefore you can go as often as you like and whenever you are ready to apply for wholesale restaurant supply leasing as the application takes less than two minutes. The best thing about going for this is that you can take advantage of the available soft credit pull that has no impact on your credit score.
To see if you qualify for wholesale restaurant supply leasing, click here for a free quote.