We know that investing in the latest catering equipment or new kitchen is a daunting process at the best of times. And it would be an understatement to say that the hospitality sector has had it tough in 2020. But that should not get in the way of purchasing new equipment that will be more reliable and help you become more efficient.With catering equipment leasing or finance, you can buy a brand new iCombi Pro electric 6-grid combi-oven from as little as £125 + VAT per month.
But aside from seemingly attainable monthly payments, what are the other benefits of equipment finance?1. It is 100% tax allowable, meaning you can offset against your taxable profits.2. With no major capital expenditure, you can maintain working capital to invest in other areas.3. At the end of the term, you can own the equipment or start again, upgrading to the latest equipment with none of the long-term drawbacks of running old equipment.One big factor is that finance can be used for turnkey projects meaning design fees, installation labour and even training can be included. So, if your kitchen needs a complete refurbishment or you are considering expanding, the whole project can easily be financed.We appreciate it is a tough time (it is for us too), but equipment financing could put that latest technology within reach. To find out more visit: insights.tagukltd.com/leasing-financeWhat piece of equipment do you dream of having in your kitchen? Leave a comment below.
