The costs of starting a bakery, even a small one, can run very high indeed. Not only do you have to invest in a retail space, hire employees, and pay out a small fortune in marketing, there is also the cost of equipment to consider. This is actually where costs can start to spiral out of control, especially if you are looking at a number of different pieces for your space. The more products you plan on offering your customers, the more equipment you are going to need to get the job done. This is why many new business owners consider leasing bakery equipment instead of buying it outright. While it may seem like a strange idea to some, there are actually a number of benefits that come from leasing.
The most obvious benefit of leasing bakery equipment from local companies such as Perrett and Kane is the initial cost savings you will see when getting your business off the ground. You can potentially be looking at thousands of pounds being swallowed up in purchasing new equipment, which means that you are essentially trying to dig out of a financial hole from day one. With a lease agreement, you know exactly how much you have to pay out each and every month, which then allows you to set up a budget for the business that allows you to see what you need to make to be in profit.
The companies that lease this type of equipment are generally pretty flexible when it comes to agreeing terms on the payment. This is a market that is really beginning to rise in popularity, as bakeries and restaurants begin to see how much money can be shaved off of their startup costs by leasing. Since the lease market is now in high demand, the companies that provide the equipment are now setting rates that are incredibly competitive. As great as all of these financial savings are, we are just really scratching the surface of all the benefits that come from leasing.
Buying brand new equipment does not necessarily mean that you are getting machinery that will work for years on end without the need for maintenance. Even the best machinery can break down and fall apart at a moment’s notice. When you buy, you are on the hook for repair or replacement costs, which can end up getting very expensive if you have more than one piece of equipment that is less than reliable. When you decide that leasing bakery equipment is the way to go, you are essentially making it easy to have faulty equipment taken out and replaced at no extra cost. There is no sitting around waiting for a repair man, which in turn means productivity grinds to a halt. A quick call to your leasing company can have that equipment out of our business and replaced with another one in no time at all.
The equipment that is considered top of the line today can be quickly out of date in just a matter of months. There are always advances being made in the world of restaurant and bakery equipment. If you are not using the latest equipment, you could end up falling behind the competitors who have made all the necessary upgrades required to increase productivity. Just like the situation where the equipment breaks down or is in need of repair, you have the ability to change out machinery that is considered outdated in the industry. If you end up in a cycle of buying the next great thing that comes along, you end up shelling out money that really doesn’t have to be spent.
The fact of the matter is that not all equipment is built to last for the long haul, and it can be a pricy venture if you keep having to replace that stuff over and over again. Some of these pieces may be on the smaller, less expensive side of things, but continually replacing them with new pieces can turn those small payments into one big, ever growing lump sum that can put a strain on the business budget. Leasing bakery machine can put an ease on that burden and give you some real peace of mind as you run the day to day workings of your business.
If you are about to open a new bakery and are concerned about the costs and how it might affect your future profitability, you really need to take a look at the benefits of leasing. Talking to machinery professionals will help you see what the best fit is for your specific business needs.