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Renting Your Catering Equipment Is Better Than Buying Them
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Putting up a catering business is by no means an easy feat. You’d think that with food being the focus of your business and it being one of life’s most basic necessities, people would flock to your business and it would be a success regardless. How simple life would be and how rich we would all be if all businesses went like that.
Opening a business requires a lot of careful planning and organization, not to mention a lot of money. The business of food is not something to be taken lightly and there are a lot of twists and turns that you need to take if you are to be an unqualified success in it. In addition to following health and safety regulations in food preparation and handling, you also need to have the best kitchen equipment which is one of the major ingredients for a successful catering business.
Yet, despite the abundance of online information about how to start a catering business, it doesn’t really tell you how you can do it without overspending your budget. Then again, this was the time when there weren’t catering equipment suppliers who actually rented out brand new equipment instead of just selling them. With the option of rent-to-own, people who wanted to start a catering business suddenly seemed to have found the light they are looking for.
Imagine being able to rent brand new catering equipment based on your preferred terms and then having the option to own said equipment after the rental period is over and buying it at a percentage of the original sale price. You not only have a tried-and-tested piece of equipment, you also know for a fact that it is durable so it is well-worth the purchase price.
Also, when you rent your catering equipment, you are also entitled to a full breakdown cover, which means that any repairs or possible replacements will be shouldered by the rental company during the rental period so you actually save a lot on repairs should your equipment break down and this will happen a lot especially if you put it through heavy use.
Let’s not forget that you also need to maintain the equipment to avoid being liable for any damages and that as well can be taken care of by the rental company because they have scheduled maintenance every six months for the duration of your rental term. When you buy your own equipment, you’ll have to be the one to pay for everything and this can be a little inconvenient when you’re just starting out and not really earning profit yet.
Renting your catering equipment also helps you manage your cash flow better so you have something to spend for supplies and eventually your first payroll. Renting also offers you more choices in essential equipment, as well as allows you to experiment with it as well. It also allows you to build your inventory since you learn along the way which equipment you can do without.
Catering equipment can be expensive, which is why you don’t have to buy everything right away. Since you won’t be catering yet on a regular basis, renting is the best option to take and it will save you money in the long run. Your catering equipment is one of the biggest expenses you’ll ever spend for when you’re just starting out so make sure you don’t overspend your startup budget on it alone.
It is easy enough to find and rent the best equipment so you just need to be patient in trying to find the best ones. When it’s the best you want, you need to go to the best and you can check this outto find the best catering equipment, whether you rent it or not.
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