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3. When you're starting a catering business, one
of the decisions you'll have to make is
whether to lease or purchase your catering
equipment. You’ll need a lot of equipment—
from high-end refrigeration appliances to
transportation to tables and chairs, and all
that costs money. And you’ll need to consider
a good, reputable catering equipment
supplier.
5. Instead of outright purchasing, a
catering company owner may want
to consider the benefits of
catering equipment leasing.
6. Allows you to try it before you buy it. For example, you love
the new stainless-steel refrigerator line, but do you actually
want to buy it outright? Instead, consider leasing one for a
short term to see how you like it
Helps you maintain your cash flow. Businesses that are just
starting out may not have adequate cash to justify investing a
lot of money into equipment. However, if you lease the
catering equipment, even if you have plenty of capital, your
steady cash flow helps you grow your business with little
restraint.
Has tax advantages because lease payments can generally be
deducted as business expenses on your tax return, while at
the same time, reduce the actual cost of the lease.
Allows for use of the equipment and then discarding it when
it becomes obsolete or outdated, as in the case of serving
dishes and other things customers will see. Instead of taking
on the responsibility of ownership for something that may be
one day become obsolete, you allow the catering equipment
7. Finally, in some cases, leasing all types of catering
equipments allows you to put the burden of storage
on someone else. Let’s say you need outdoor
catering equipment in the spring through fall, but
don't want to have to store it during the winter. No
problem. Just lease it for the period you'll need it
and then let the catering equipment supplier take it
back.
There are advantages to leasing catering
equipment, or leasing with an option to buy. Since
every catering business has its own unique
needs, some of the options may not apply to your
particular situation. However, in most cases, most
businesses just starting out may want to consider
catering equipment leasing in the beginning.