If you require professional catering equipment for your small or large business, it is worth taking the time to establish which is better for you: renting or buying the equipment. By addressing the following points, you can determine your best options.
As a caterer, time is of the essence and having the right equipment is essential for good time management, as well as achieving the required food and safety standards. Preparing fresh and delicious meals takes time, so having the right equipment will aid you in cooking faster and better.
By considering these points, you can come to your own conclusion over whether renting or buying equipment is a better choice for your catering needs.
Whether you’re a baker, a small café business or a large-scale catering firm, you will be faced with the same issues of determining what equipment is essential, what will help you manage your time more effectively, and what your budget can stretch to. All catering businesses will require a commercial fridge and a specialist company such as https://www.fridgefreezerdirect.co.uk/ can provide a wide variety of choice, including other essential catering equipment.
Renting Equipment: Advantages
You can try out different equipment for your needs. Renting gives you access to equipment you may not be able to afford otherwise. Renting only when you require the equipment will help with cash flow.
Renting Equipment: Disadvantages
It works out more expensive over time than buying outright. Picking up and returning equipment can be time consuming and stressful. If a vendor lets you down with supply, it can negatively affect your business and reputation.
Buying Equipment: Advantages
Buying is the cheapest option in the long run. It is more convenient as you have everything to hand when you need it. Owning the equipment helps boost your business profile. You are in control and not reliant on others to provide your equipment. Buying in bulk can help with negotiating on price, and don’t forget the tax savings when buying catering equipment.
Buying Equipment: Disadvantages
Outright funding to purchase all necessary catering equipment can be huge.
Due to costs, most caters have an element of both buying and renting equipment for their business needs. If you buy, you can always rent out your equipment to other caterers when you’re not using it.