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When opening a restaurant, does it make more sense to purchase the equipment out right, or to lease?
I am in the planning stages of a new restaurant and am curious about other people’s experinces opening their own eateries.
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Technorati Tags: eateries, experinces, planning stages
September 1, 2009 | Filed Under Equipment Leasing Questions
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3 Responses to “When opening a restaurant, does it make more sense to purchase the equipment out right, or to lease?”
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Questions|Answers
- Wildcat on Do you think apartment complexes should be sued for failure to provide services aside from maintenance?
- Mr Placid on Do you think apartment complexes should be sued for failure to provide services aside from maintenance?
- Common Sense on Do you think apartment complexes should be sued for failure to provide services aside from maintenance?
- Designer Dogs are fancy mutts on Do you think apartment complexes should be sued for failure to provide services aside from maintenance?
- chatsplas on Do you think apartment complexes should be sued for failure to provide services aside from maintenance?
- Ranger4402 on Do you think apartment complexes should be sued for failure to provide services aside from maintenance?
- pickmefirstplz on Do you think apartment complexes should be sued for failure to provide services aside from maintenance?
- the kid on Do you think apartment complexes should be sued for failure to provide services aside from maintenance?
- magicbird on Do you think apartment complexes should be sued for failure to provide services aside from maintenance?
- rpg on What kind of bankruptcy options?
- rhsaunders on Net present value?!?!?
- in the China Shop on I want to open a restaurant?
- Sam San on I want to open a restaurant?
- Henry on I want to open a restaurant?
- Metal M on What do you think about my business idea…could this work?
I haven’t opened one but I would think your cash requirements would be less if you lease, at least initially
the death rate of new restaurants in America is about 50% in the first year — which is why banks won’t lend money to start one.
most new ventures are undercapitaized, so they lease as much as possible because they can’t do it the other way. Landlords and equipment lessors know this, as well as the risk they won’t make it, so they jack their rates up in compensation for the expected proportion of late payments [before the place goes broke].
this suggests that if you can raise the capital needed, you’ll be better off in the long run buying the equipment.
In my area, there are plenty of used restaurant equipment places — evidence that ambitious new owners didn’t make it.
GL
will your business be located within USA?
if so, then you can have this credit card processiing equipment FRee of charge. it is free already fully programmed and encrypted with the ability to accept all major credit cards immediately and can also help you decrease fraud and increase sales, features electronic check guarantee and recovery; wireless and high-speed processing solutions; online Web reporting; signature capture to prevent chargebacks; age verification; gift cards; ATM machine and POS debit card processing.