When your customer requires an upgrade or a brand new commercial kitchen, they will be expected to fund a considerable initial outlay. Customers are used to investing in the hub of their business, with a requirement for specialist catering equipment that is expected to work harder and last longer.
With continual technological advancements in the catering industry, there is also an opportunity for your customers to become more efficient, lower their carbon footprint and increase food production.
Offering catering leasing can make payments more affordable and empower your customers to make investments in your catering equipment to grow their business to its full potential.
Do Customers Need Funding?
Yes – they do. According to the Finance and Leasing Association, 1 in 3 SMEs require finance to purchase their equipment.
There are trends and insights that will drive growth in the catering industry in 2018, where leasing will become a more affordable option for investment: Cateringinsight has signalled modest growth in the catering sector with predictions of 2%.
50% of catering equipment is cooking equipment, with refrigeration a close second.
Market growth has been predicted partly on a growing trend of eating out, creating a healthy market for restaurant owners and caters. Technological advances in the catering industry will accelerate kitchen upgrades.
What Can Be Financed?
You can provide restaurant or kitchen equipment leasing solutions for the following:
- Oven equipment leasing
- Refrigerator equipment finance
- Kitchen unit equipment leasing
- Kitchen utensil leasing
- Dishwasher equipment financing