When you are in the catering business, one ingredient for success is having the right equipment. This includes kitchen, serving and transporting equipment that allows you to juggle more than your fair share of logistics and organization during a catering job. After all, catering is more than just preparing sumptuous food, it is ensuring that the food does not go dry with time and that your presentation looks attractive and appetizing.
Examples of useful commercial kitchenware and equipment include food warmers, holding cabinets, slow cook ovens, enough dinnerware and flatware for your guests, a flatware caddy, a complete set of chafing dishes and buffetware and much more.
The question is, should you rent or buy your equipment? Let’s discuss the pros and cons, shall we?
Renting equipment: The advantages and disadvantages
ü You have access (albeit) temporary to kitchen equipment, dinnerware and flatware or serving equipment that you otherwise cannot afford. Renting is a more affordable optionwhen you’re just starting out and are hesitant of putting the small capital you have into expensive equipment.
ü Renting allows you to more easily manage your cash flow.
ü Renting also allows you to have access to a wider range of choices when it comes to tableware.
ü Renting allows you to experiment with different kinds of equipment. You get to test which equipment works best for you. If a particular piece is not effective, then you can look for other units.
ü When renting, you are able to get newer, more modern equipment.
û Renting equipment may come out as more expensive in the long term, especially if you are getting more and more catering jobs over time.
û You may not have easy access at all times. There may be times when the equipment you want to rent is unavailable for the scheduled event.
û Renting may mean extra work for you and your staff. In some case it means you have to pick up and deliver the rented equipment every time you need it.
Buying equipment: The advantages and disadvantages
ü If you want to grow your business and are able to win more and more catering jobs, it will be cheaper in the long run to buy the equipment rather than just rent it. You see, aside from the rental fees, catering equipment rental companies may also charge environmental fees.
ü Having the necessary equipment in your list will also work to impress your clients and shows that you are a professional organization.
ü You also get to enjoy more tax advantages with buying the equipment through amortization. To learn more about the tax advantages, we advise you to talk with your accountant regarding how this works.
ü It allows more convenience for you and your staff since the equipment is already in your business location and can be more easily transported to your current catering job.
ü More importantly, owning your catering equipment gives you more control over your business.
ü Nowadays, you also have enjoy savings when buying in bulk as there are a number of online stores that give easy access to wholesale restaurant equipment and discount flatware.
û The main disadvantage of buying your kitchenware and serverware is that it will need a considerable capital outlay on your part.
To rent or to own? That is the question!
Although we have laid out the advantages and disadvantages of the two, the decision to rent or not will depend on you and the status of your business. When deciding, you should ask yourself how frequently you will be using a specific piece of kitchen equipment. If you will need the equipment often enough, then it should justify the cost of buying that equipment.
A good source of your catering equipment needs
Lionsdeal provides you with excellent deals on restaurant supplies, wholesale flatware and even more affordable dinnerware options such as melamine plates. Lionsdeal has built a solid reputation as a supplier of quality restaurant and catering equipment. It has also a huge inventory which you can choose from.
You can trust that Lionsdeal can deliver highly affordable prices, prompt and professional delivery, quality products from renowned manufacturers plus the convenience of choosing and making orders online.
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