Purchase VS. Rental: Is Buying Commercial Kitchen Equipment Necessary?
Post Date: 2019-01-17
A difficult decision to make, especially for people who are just starting out in the business, buying or renting your kitchen equipment can make a difference to your business. From cost-efficiency to the need for an equipment upgrade, we weigh the pros and cons between purchased and rental kitchen equipment!
One of the advantages of renting Singapore commercial catering equipment is enjoying a lower starting cost. This is a factor that you can and should take advantage of, especially when starting a catering business. You do not need a huge amount of cash to rent, while buying the equipment can be pricey. You may not have the starting money to buy the equipment, but you can certainly rent it!
At the same time, maintenance fees for kitchen equipment are inevitable. When renting restaurant kitchen supplies in Singapore, you will be relieved from shouldering such costs. As some modern equipment tends to incur costly repair feels, it’s recommended to rent the kitchen equipment for restaurant use.
Another advantage of renting kitchen equipment is the ability to upgrade your equipment with ease. Once the renting contract is over, you have the option to get another type of equipment or renew the contract, allowing you the chance to upgrade without having to dispose of any equipment.
The leasing period of your kitchen equipment is crucial. Sometimes, the difference between rental rates and purchase prices is small and almost negligible. Therefore, other than taking the price difference into account, you should also take note of the time period when checking the prices and note the trends before making a decision.
Some of kitchen equipment rental companies may offer some extra equipment for free to their customers, especially for long-term renting contracts. The equipment given may be small but necessary in a restaurant such as icemakers, coolers, dispensing fountains, warmers and coffee machines.
Once you have established your business, it will be easier to expand your restaurant if you opt for rental equipment. This way, it will be relatively cheaper to expand your restaurant and thus maximising cost-efficiency.
The most important thing when renting is to ensure that you understand the terms of the contract. Ask any questions that you need and don’t be afraid to make changes to the terms. Compare the options that are available before deciding if it is better to invest in kitchen equipment or to rent them!