Investing in the best equipment for a given job is essential in day to day business operations, especially in the hospitality and foodservice industry where food safety is concerned.
Commercial refrigeration, whether for storing food in catering and restaurant kitchens or displaying products in retail settings, is a critical expenditure but can take up a large portion of budgets.
Unfortunately, it isn’t something that is considered optional or that can be cheap-shotted; it’s an integral part of the business, the restaurant, shop or bar not being able to open and operate as it should without it.
But what happens if you need to replace old equipment, or are running to a strict budget in the start-up of a new enterprise, and you just don’t have the funds to get the equipment you want and need? It may be that you have the budget available for the outlay for equipment, but it will leave you short in other areas. Alternatively, with rising costs and an uncertain economy, the business might be more comfortable spreading repayments rather than paying out a single lump sum.
Flexible payment solutions with a supplier you can trust, are the answer.
Flexible Payment Solutions for Every Business
There are plenty of options available to meet the different requirements of individual set-ups. All solutions have the shared advantage that they offer businesses the opportunity to order, receive, and use the equipment they need, while spreading the cost, and ultimately, freeing up cash flow for other areas of the business.
Let’s take a look at some of the options available;
Leasing *details dependent on finance company used. Subject to eligibility. All information correct at time of publish
- Leasing of commercial refrigeration is typically on a ‘lease to own’ basis. This means that monthly repayments are made over a fixed term, the final payment securing the business’ ownership.
- A minimum spend e.g. £1000 excluding VAT, may be applicable.
- Leases are generally available on terms from 2 to 5 years.
- Interest rates vary depending on the length of the lease term and the finance company you use.
- Leasing equipment that is deemed an asset to your business, can be considered a business expense, and therefore is deductible from your pre-tax profit.
iwocapay *All information correct at time of publish. Subject to eligibility.
iwoca offer a number of flexible payment solutions.
Pay in 3 – 0% interest is available on transactions between £240 and £30,000 including VAT. This allows businesses to spread the total cost over three months, in three equal repayments.
Pay in 12 is available on transactions between £240 and £30,000 including VAT at 3.33% interest per month. This solution is the ideal alternative to leasing options which tend to have higher interest rates.
Manufacturer Finance *All information correct at time of publish. Subject to eligibility.
Some commercial refrigeration manufacturers offer their own finance options when purchasing equipment from their brand. These are interest free payment plans and are spread over a fixed term, dependent on the manufacturer/brand the agreement is with.
Commercial refrigeration isn’t a luxury, it’s a necessity for the ongoing operation of a business. Choosing the best unit for the task in hand, whether that’s the right display fridge, catering freezer, bottle cooler or cold room, for example, is essential. While purchasing equipment can be expensive, understanding available payment options, with the help of trusted companies such as www.fridgefreezerdirect.co.uk, can help you to make the most financially sound decision that suits your business circumstances and helps to free up cash flow.
