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SpinDistribute.com Article Directory

The following article was published in our article directory on October 17, 2011.
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How Leasing Restaurant Equipment Can Make Your Restaurant a Success

Article Category: Finances

Author Name: Tom Cordova

Leasing restaurant equipment lets you open your dream restaurant without having to absorb expensive startup costs for equipment so you can allocate your capital for other important business functions such as promotion. And there are many pieces of restaurant equipment that are more appropriate for leasing rather than buying outright so that you can save money. Leasing can also be cheaper than buying food service equipment outright since leasing companies usually don t need a down payment and require only a few months of credit history to approve leasers for a contract.

When leasing restaurant equipment there are several main types of food service equipment to consider cooking and food preparation, refrigeration and storage and cleaning. Cooking equipment includes ovens and gas or electric stoves, which are available in small and commercial sizes, as well as deep fryers. Kitchens will also require refrigerators and freezers where the raw ingredients will be stored until they are cooked, as well as cleaning equipment such as commercial dishwashers for quickly washing dishes and utensils so they can be used again. You have the option of going with a leasing company that offers all this equipment in an assortment of packages or leasing different pieces of equipment from various leasers.

Before leasing restaurant equipment, list down all of the things that you will need first. This will avoid leasing too much equipment and spending too much money. Once you have your equipment list, start shopping around for a leasing company to meet them. Ask for quotes from two or three companies so you can decide if you'll get a better deal by going with a single company or with several leasers. Also look not just at the monthly lease rates they are charging but also what other fees and charges they levy as well as other services they may be offering such as delivery to the site where the equipment will be used and regular cleaning.

You also have to consider local health laws before leasing restaurant equipment. Make sure that the equipment that you lease is National Sanitation Foundation (NSF) approved to ensure that they are safe to use and avoid being levied fines during sanitary inspections. Also, look into the specific regulations applicable when furnishing a commercial kitchen and ensure that your equipment lease is in accord with them. Specifically, check with the local health department and fire and building inspectors.

Once you have decided on a leasing company from which to lease your equipment, read the lease contract carefully and make sure that you understand all the terms and conditions attached to it. If there is anything you don t understand, make sure you ask the lease company questions to explain matters; never sign a contract unless you understand everything in it. Also look into what types of support the lease company offers, such as installation and maintenance, as well as replacements if some of the equipment develops problems. Remember, leasing restaurant equipment properly can save you a lot of money and help your restaurant become a success.

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