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Leasing vs purchasing baking equipment?
I’m starting a small bakery and I’m wondering if leasing or purchasing would be my best option. I’d like to lease in case the business goes belly up I think.
Anyone have any good links (they’ve personally had experience with) for leasing bakery equipment such as a convection oven, display case, refrigerator and a mixer?
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Technorati Tags: bakery equipment, convection oven, display case, leasing, mixer, refrigerator
April 1, 2010 | Filed Under Equipment Leasing Questions
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- Dawn M on Please read the whole post regarding this Atlanta family?
- pakawaddle on Please read the whole post regarding this Atlanta family?
- Thomas Kristy on How to start up a restaurant/business? where to start? costs? profit?
- Henry on How to start up a restaurant/business? where to start? costs? profit?
- Kyra Burkett on how much does it cost to start and operate a restaurant? leasing? equipment? employees?
- laughter_every_day on What can I legally do to fight back a commercial landlord who discriminately declines us an option to renew?
- zombie killer on What can I legally do to fight back a commercial landlord who discriminately declines us an option to renew?
- Leeanne Amos on What can I legally do to fight back a commercial landlord who discriminately declines us an option to renew?
- STEVEN F on What can I legally do to fight back a commercial landlord who discriminately declines us an option to renew?
- Valerie on Is this criminal? What should I do?
- LadyB on Is this criminal? What should I do?
- Jeffrey V on Is this criminal? What should I do?
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Even if you do lease, you are going to be required to personally guarantee the lease in case the business does go belly up. Being a start up company, the personal guaranty will be a requirement.
But leasing is a good option, it can leave you with more cash for operating expenses, inventory and payroll.