Are you going to start a catering service and want to save on equipment? here is a detailed comparison between buying and renting catering equipment.
To be successful as a professional supplier, you will need a few things, but especially two important things:
- Excellent cooking skills
- The right equipment
In most cases, the quality of your food is as good as the equipment used to prepare it. He. Take the example of baked goods. Yes, it is possible to manually mix the ingredients for the cake and also use the automatic mixer, but I’m sure you will prefer to use the mixer because it is faster, less stressful and improves the cake.
The same goes for frying. Imagine needing to roast chicken for 2000 guests in your traditional pan, it won’t be a waste of time ?
As a pharmacist, time is not your friend. You want to prepare fresh and tasty dishes and have them delivered on time. There is a limited number of dishes that you can prepare and save for serving later, so most of the time you need to prepare meals on the same day and deliver them as quickly as possible; so you need the right equipment to help you cook faster and better.
Your ability to find a job in the restaurant business may also depend on the type of equipment you have. Potential clients would like to make sure you have all the tools you need to get the job done before signing a contractual agreement with you to avoid disappointment. As a supplier, you will need a variety of materials, some of which include:
- industrial gas stoves
- ovens, grills
- frying pans
- Dish warmer
- Buffet
- Slow ovens
- Cutlery
- Bakery products
- Washing up
- Transport equipment
- Disposable storage cabinets and supplies
These are just a few of the many types of catering equipment you need. So, should you go with the direct purchase of catering equipment, or just settle for equipment rental when you have tasks? ?
Rental and purchase of catering equipment Which is better?
Well, I can look at some factors and tell you to rent or buy, but the decision is entirely up to you; because there are a number of things that will determine whether you should buy or lease your equipment, such as your capital or available financing, the size and status of your business and your customer base. So instead of making the decision for you, I decided to provide you with detailed information to help you make up your mind.
3 Benefits of renting catering equipment
High quality and durable catering equipment does not come cheap, despite the fact that there are many, and it is difficult to get all the necessary equipment; you will therefore have to rent equipment several times, even if you decide to buy your own equipment. Renting gives you access to equipment that you don’t own or can’t afford.
- Cash flow management
When you start your catering business you are still new to the business and you may not have enough patronage to keep the money you need but if you only rent equipment when you have it. need, you can better manage your cash flow.
There are trends in the restaurant business from time to time. You can’t keep running away to order all the new catering equipment at the same time; You don’t want to be left behind by others, so that’s what rent does for you. You just need to rent this new equipment. You can also experiment with other equipment and choose what works for you.
4 Disadvantages of renting catering equipment
Over time, the rental of catering equipment becomes more expensive than the outright purchase. Think of a situation where you have to do multiple restoration jobs a month and constantly have to rent equipment, in the end it all adds up and becomes even more expensive than if you owned the equipment yourself.
- Disappointment -: The equipment is out of your control and anything can happen. Sellers can be frustrated if it is not easy to find an alternative that will directly affect your reputation and lead to financial loss.
- Discomfort -: The rental of catering equipment means extra work. You will need to pick up the material and return it when you are done. It can be very stressful for you and your employees.
- Risk -: Renting catering equipment is also risky as you may be asked to replace or pay an expensive fine if you damage something.
6 Benefits of Buying Catering Equipment
- Cheap -: Yes, buying your catering equipment is particularly expensive in the long run, especially when you have a lot of customers and a lot of work.
- You will also be able to convince your customers that you have what it takes to provide excellent service.
- Convenience -: You don’t have to worry about returning the hardware to the owners when using them. All you have to do is use, clean, and store.
- Improved company profile -. When you have the equipment, you enhance the image of your restaurant business in the eyes of everyone, including your customers, financial institutions ( for credit assessment ), friends and family.
- Control -: When you own your equipment, you are in control of everything about your business, especially when it comes to equipment, you don’t have to worry about someone else messing up for you.
- Economy -. When you buy catering equipment wholesale, you can bargain and ultimately save money compared to renting or buying in pieces.
- Tax savings -: You can also save on taxes when purchasing catering equipment.
Disadvantage of purchasing catering equipment
- Funding
Despite its many advantages, purchasing catering equipment also has its disadvantages, which are related to costs. You will need a lot of money to buy all the equipment you need, sometimes up to $ 25,000 or more. This is the main reason why people have no choice but to rent equipment when they need it instead of buying it.
So what would you prefer ? The decision is entirely up to you. However, even if you are purchasing equipment, you cannot completely refuse to rent equipment unless you want to continue purchasing all the new catering equipment that you need. So most dining establishments usually get a taste of both worlds.
If you choose option B, which consists of purchasing equipment; You can recoup some of the costs you incur in purchasing your equipment by renting it from other dining establishments when you are not using them.
