Having the right equipment in a catering business is essential for the success of the business.
The right equipment refers to all that you need to do your catering job as required. Catering is more than just preparing delicious foods – the way you serve that food matters a lot. The question you are probably asking is whether you should buy or rent catering equipment.
Here are the reasons why you should consider renting instead of buying the equipment.
Is The Catering Equipment Affordable?
When you want quality and long-lasting equipment, you have to part with huge sums of money, especially if you want to build a professional corporate catering business. You may also not get all the equipment you need. When you choose to rent, you get access to all the equipment you need for your catering business.
Renting your catering equipment is an affordable option especially when you are just getting started with the business. You get access to the equipment you need for a limited period. The amount you spend on renting will be less compared to what you could use to buy the same equipment.Â
No maintenance costs
When you buy catering equipment, you have to deal with maintenance costs. However, that will not be a cost when you choose to rent the equipment. You will return the equipment to the rental company once you are down with them. It is the rental company that has to deal with the maintenance of the equipment.
Cash flow management
When you are still new in the catering business, you may not have enough events to keep the money coming. It is during such times, that chaffing dish rental comes in handy. By renting, you will be in a better place to manage your cash flow.Â
Get equipment tailored to an event
Catering equipment varies depending on the event. Buying limits you since you will be forced to use the same equipment no matter the event. Hiring gives you flexibility, you can get equipment to match the event you are planning.Â
Compare catering equipment brands
There are many catering equipment brands in the market. The only way you can test and compare all of them is by renting the equipment. Renting will enable you to determine the best brand in case you decide to make a purchase.Â
Get modern equipment
The trends in the catering industry change most often. You do not have to keep ordering new items whenever the trend changes. If you do not want to be left behind by your competition, you may consider renting the tools you need.Â
Rented catering equipment is new. Thus, you get to experience the efficiency of this equipment. You also get more options to choose when you want to upgrade to modern tools.
If you were a bit hesitant about equipment rental, you now have more reasons to do go for it. You will save money in the long run, since you only pay for the items when needed. You get the convenience and freedom you need to run your new catering business. So, if you still cannot afford to buy the catering equipment you should consider renting them instead.
Do you own a catering business? We would love to hear from you, leave us a comment below.Â
Silke
When opening a restaurant business, it is necessary to carefully weigh all the items of expenditure. Prices for quality kitchen equipment are too high. And such costs at the initial stage can lead the business to losses. That is why renting inventory is much more profitable than buying it.
Thanks for helping me understand why should someone rent catering equipment instead of buying it. My mom is planning to celebrate our clan\’s reunion within our are and I want to help her prepare for it properly. What you said about how rental could be tailored specifically to the event is very interesting. I should share this with my mom so she\’d consider renting.
Thanks for explaining the benefits of renting catering equipment. I agree that usually with rentals, you don’t have to pay for maintenance as you would with things you own. My husband and I are looking for some equipment for a project of ours, so we’ll have to consider the overall costs first.