Does it Make Sense to Lease Your Commercial Kitchen Equipment Instead of Purchasing It Outright?

It goes without saying that quality cooking appliances make worthwhile investments. This is especially so if you purchase them from a reputed and experienced supplier. In some cases, you might need to pay a slightly higher price for these appliances. But, the overall benefits that you receive will, more often than not, trump the relatively higher prices that you might need to pay for these appliances. However, no appliance will work or last you forever. Given the rough environments that they function in, all appliances will invariably start malfunctioning or breaking down. In this scenario, the restaurant owner will need to consider repairing the appliance. In case the cost of repairs is prohibitive, replacing the appliance altogether will definitely be a better recourse to take.

As mentioned previously, commercial catering equipment is not cheap. This is why owners of commercial kitchens will rarely, if at all, be able to purchase all their appliances at the same time. These individuals will often need to prioritise their purchases and make them over several months. In this scenario, the complete breakdown of an appliance could well be a setback. This is especially so for owners of smaller eateries and dining facilities. Replacing a smaller appliance will not be a challenge. But, replacing larger appliances such as your existing refrigeration units with Sanden refrigeration units in Sydney and other places will involve spending a lot of money. In this scenario, owners of smaller facilities typically think of purchasing used equipment. But, to get the best value for your money, it might be worthwhile to lease the equipment instead.

When you purchase something outright, the ability to take it back with you from the showroom can be quite attractive. But, the fact remains that the object will soon become obsolete. Thus, with each passing year, you will find yourself coming to terms with the fact that the object you purchased is no longer in currency or in vogue. This scenario applies in the case of commercial kitchen equipment as well. Within a year or so, most of your appliances will be worth only a fraction of the cost that you happened to pay for them. It is worth mentioning that using appliances that feature the latest technology can be a big factor in the foodservice industry. But, many owners of commercial kitchens avoid staying current with the latest in kitchen technology because of the rapid depreciation of prices in appliances over time.

However, renting or leasing kitchen appliances has become quite popular in recent times. Some established suppliers of commercial blast freezers and other appliances offer their clients reasonable rates for leasing all kinds of kitchen equipment. These suppliers enable owners of commercial kitchens to lease various appliances based on terms specified in the contract. In many cases, the buyer will need to pay a predetermined amount for the equipment for a specified span of time. In return for the payments, the buyer will get to use the equipment.

Once the timeframe for the lease comes to an end, the buyer has the option of purchasing the equipment. For this, the buyer might need to pay a nominal additional amount to the supplier. Alternatively, the buyer could continue to rent the equipment based on a new contract. In some cases, the buyer could also enter into an agreement with the supplier, whereby the supplier would upgrade the appliances on rent over a specified duration. In return, the buyer would keep making regular payments to the supplier.

This arrangement yields a win-win solution to suppliers and buyers alike. It eliminates the need for the buyer to purchase and upgrade cooking equipment in Sydney and other places. But, in return for a reasonable sum of money, it enables the buyer to use the appliances the buyer needs. In some cases, the supplier provides regular servicing, maintenance and repair services as well. It is worth mentioning that the buyers can deduct the rent paid from their tax returns as a permissible deduction. Not surprisingly, leasing commercial kitchen equipment is quite popular among owners of smaller commercial kitchens.