One of the hardest parts about opening up your own restaurant is coming up with the money for the equipment, mostly because this can often be the most expensive part of the process. However, there are a number of options out there that can help you save a bit of money on the restaurant equipment that you will need to get started, such as the two listed below.
One of the best ways to save money on restaurant equipment is to consider leasing it. The reason for this is that you will often be able to minimize your upfront investment and get your restaurant up and running very quickly. In addition, this option will allow you to get brand-new equipment that will still be under warranty.
Also, the company that you lease the equipment from will often allow you to do a lease-to-own option that will result in you eventually owning the equipment outright. While the lease-to-own option may end up costing more money in the end than you would spend buying the equipment outright, it is still a good option if your profit margins are not high enough yet to easily purchase the restaurant equipment or if you have limited starting capital. In addition, you will want to bear in mind that you may be able to write off your lease payments as a business expense when you do your taxes.
Another option to consider when trying to save money on your restaurant equipment is to look for used equipment. Many restaurant supply companies will purchase used equipment from restaurants that are going out of business or upgrading their equipment. This will give you the opportunity to purchase the equipment that you need for a fraction of the cost of new items, which can help you equip your entire restaurant for a smaller initial investment.
In addition, many restaurant supply companies will often refurbish and test the used equipment before trying to sell it to their customers. This means that you do not have to worry too much about the equipment failing prematurely or having any defects. To provide even more peace of mind, many companies that sell used restaurant equipment will also offer a limited warranty to cover the refurbished equipment.
Contact a restaurant supply store in your area, such as Taylor Freezer Sales Of Arizona, today in order to discuss the many ways in which they can assist you. Leased and used restaurant equipment are both great options that can help lower the initial cost of starting your restaurant.