Are you starting a restaurant or catering business in Melbourne? There are many details to decideon, and it’s highly advisable to plan ahead. One major factor that affects your decision-making process is your capital. If you have limited resources then purchasing big ticket items may not be the most feasible route for you to take.
A reliable refrigeration system is a “must” for every food service business. This is to ensure the quality of the food is kept at the correct temperature.Refrigeration equipment varies from one type of business to another and often an establishment needs more than one kind of refrigerator or freezer.
With a limited budget and the high cost of commercial refrigerators, it is often more convenient to lease machines. You want the best value for your money without compromising health, quality, and safety. There are many commercial fridge rentals in Melbourne that you can check out.
So what are the advantages of renting, over buying, a commercial refrigerator?
No large cash outlay needed
Yes, commercial refrigerators and freezers are expensive. If you buy one, you need to pay a substantial amount of money. Instalment plans are another option, however, you may still need to come up with the cash for the down payment.
Match your rental budget to your income
In order to make a profit, your income must be greater than your expenses – that’s obvious. When renting a commercial fridge in Melbourne, you can arrange a package that is more suited to the resources you have.
Minimize financial risk
Starting a business is always a gamble. To reduce the risk, you can opt to rent rather than purchase expensive refrigeration equipment. Also bear in mind that equipment depreciates over time.
Capability to do more with freed up capital
There may be areas in your business that need improvement, so divert funds intended for buying refrigeration units into these areas, to help develop your business.
No maintenance or repair expenses
Maintenance of systems and equipment can be a drain on your finances. Depending on your contract with the rental company, you won’t have to worry or pay exorbitant fees for repairs, parts, or exchanges. With this, you can focus more on running your business and making a profit.
Ability to customise the refrigeration system to particular needs
With commercial fridge rental, you can choose from a wide variety of refrigeration equipment. Service providers usually carry different brands, types, and models. Whether you need a freestanding walk-in freezer, refrigerated trailer, or a combo unit, there’s a company that is able to cater to your needs and requirements.
Greater probability in acquiring new models
Admit it! You want the most technologically advanced and energy efficient machines. However these units may be out of your price range.
With renting, you can still get your hands on the most up to date equipment without breaking the bank. Also, some rental companies allow you to upgrade upon renewal of your contract, without additional costs.
Tax breaks
Rental payments are usually tax deductible. This lowers the actual expenditure for your fridge!
Smart choices result in a thriving business. You have to be aware of your business needs and finances to be able to make a profit. Bear in mind, investing in high priced equipment is not always the best option.
