Buy or lease restaurant equipment?
What are the pros and cons to buying or leasing restaurant equipment. I am planning to open a small restaurant for delivery and dine in. Help?
Depends on the equipment needed. Leasing equipment has certain advantages. You pay for equipment only for the time you use it. When your lease is up, you get a brand-spanking-new piece of equipment with all the latest gadgets by signing a new lease. And when a piece of equipment breaks, it's not your responsibility to fix it.
Things shouldn't change between the time you talk to your salesperson and the billing department sends you a bill, but sometimes they do. Spell out all the financial details in the agreement so you're not surprised when the bill arrives. Get it in writing and check your invoices.
Also, you don't have to buy equipment new, you can buy it used. The link noted below has examples of what types of equipment are better to lease and which ones you are likely to buy.
Some restaurant supply resources:
http://www.instawares.com/
http://www.zesco.com/
http://www.bakedeco.com/
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