Buying or upgrading equipment for restaurants or commercial kitchens is one of the most daunting tasks for new and experienced businesses alike. Incorporating a new appliance into your line can improve efficiency and drastically enhance your kitchen’s production rate or capabilities. Likewise, a poor choice of equipment can slow things down and saddle your team to a lemon for months or even years.
By far, cost is the greatest obstacle when purchasing new equipment. Fortunately, there are many cash-flow-friendly options for financing restaurant equipment. Leasing or renting equipment is a great way to maximize borrowing power while maintaining flexibility. Best of all, renting equipment may be tax deductible.
Russell Hendrix works with two finance companies that supply innovative restaurant equipment financing options.
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Silver Chef offers our customers highly flexible financing options, such as the Rent-Try-Buy program, which lets you use and upgrade equipment anytime. After 12 months, the appliance can be returned, purchased, or upgraded. Other features include:
Econolease also provides restaurant equipment financing that meets the needs of your growing kitchen. Its many options for upgrading the equipment in your commercial kitchen feature:
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There are several steps to leasing or financing the equipment you need to succeed as a commercial kitchen. First, Econolease or Silver Chef buys the equipment from Russell Hendrix. Then you rent or lease the appliance from the financier. Each partner has options for you at the end of the term, which will include:
Additionally, you may not have to wait till the end of the term. The Try-Rent-Buy program lets you swap out equipment at any point. Additionally, Econolease provides expert guidance from dedicated account manager advisors to help you strategize upgrades, returns, or purchases.
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Hashing out the pros and cons of leasing versus renting can be challenging. Your local RH Rep can help you analyze and decide the best option for financing your restaurant equipment. Get in touch today to get started.