Increased competition and tight margins in the restaurant and catering industry have caused many restaurant and catering businesses to look for ways to cut down on operating costs. Buying second hand catering equipment is one of the most cost effective ways to increase a company's bottom line. Buying used catering equipment can give business owners as much as 50 - 75% savings.
Several factors determine the cost of used catering equipment. Cost is usually directly related to the age of the equipment, appearance, working condition and the brand name. Used catering equipment that are relatively new will cost more than old ones. Those with good brand names will also be more expensive.
When you consider buying used catering equipment, it is important to know that you have several options. You just need to spend more time looking around before you buy.The best option is to buy "B grade" catering equipment. These items are actually brand new but are sold at considerably low prices. Catering equipment that are labeled "B grade" could have been used for store demonstrations. Some items are sold for less because they were last year's model. Others have dents and are offered at considerably low prices. Buying "B grade" catering equipment is the more popular choice because the items usually come with a full warranty. In many ways, you are buying new equipment for the price of a second hand product.
If you can't find B grade equipment, then you can settle for used products. Many second hand catering equipment come from business establishments that have closed down. The items may be relatively new and may still have warranties on them. The other option is to buy from companies that specialize in refurbishing and selling used catering equipment. Buying refurbished or reconditioned products will keep costs down because equipment that you buy will run just as efficiently as a brand new model, but without the expensive price tag.
Another effective cost cutting measure is not to buy any equipment at all. Instead, you may consider leasing the catering equipment that you need.If you are new in the business, it may be a good idea to lease catering equipment in the beginning. This will give you the opportunity to try different products and assess how well they meet your catering needs. When you lease catering equipment, you will have the capability to use current models and once the lease is up you can hire newer models.
Leasing the equipment you need will help you maintain a good the cash flow, so you'll have more money to spend on other essentials like supplies, salaries and utilities.Whether you are thinking of putting up a small catering business or a large restaurant, having catering equipment that are reliable is very important. During these challenging economic conditions, you can keep costs down by buying used catering equipment or by leasing the products you need.
Several factors determine the cost of used catering equipment. Cost is usually directly related to the age of the equipment, appearance, working condition and the brand name. Used catering equipment that are relatively new will cost more than old ones. Those with good brand names will also be more expensive.
When you consider buying used catering equipment, it is important to know that you have several options. You just need to spend more time looking around before you buy.The best option is to buy "B grade" catering equipment. These items are actually brand new but are sold at considerably low prices. Catering equipment that are labeled "B grade" could have been used for store demonstrations. Some items are sold for less because they were last year's model. Others have dents and are offered at considerably low prices. Buying "B grade" catering equipment is the more popular choice because the items usually come with a full warranty. In many ways, you are buying new equipment for the price of a second hand product.
If you can't find B grade equipment, then you can settle for used products. Many second hand catering equipment come from business establishments that have closed down. The items may be relatively new and may still have warranties on them. The other option is to buy from companies that specialize in refurbishing and selling used catering equipment. Buying refurbished or reconditioned products will keep costs down because equipment that you buy will run just as efficiently as a brand new model, but without the expensive price tag.
Another effective cost cutting measure is not to buy any equipment at all. Instead, you may consider leasing the catering equipment that you need.If you are new in the business, it may be a good idea to lease catering equipment in the beginning. This will give you the opportunity to try different products and assess how well they meet your catering needs. When you lease catering equipment, you will have the capability to use current models and once the lease is up you can hire newer models.
Leasing the equipment you need will help you maintain a good the cash flow, so you'll have more money to spend on other essentials like supplies, salaries and utilities.Whether you are thinking of putting up a small catering business or a large restaurant, having catering equipment that are reliable is very important. During these challenging economic conditions, you can keep costs down by buying used catering equipment or by leasing the products you need.
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Have you been looking around for Catering Equipment however you aren't having much luck and are wondering what to do next? Then give the professionals at Booma a ring soon!. Also published at Save Money With Catering Equipment.