Are business finances stretched in the current economic climate? Struggling to find the money for equipment
that your business requires? You’re not alone. Could finding the perfect payment option be the answer to
controlling your budget and getting the essentials you need?
Catering Equipment & Commercial Refrigeration Costs
Catering equipment and commercial refrigeration costs are a key consideration for any business in the catering,
food service and hospitality industry. This equipment is an essential expense for operations to run smoothly.
Businesses are always advised to opt for the best equipment possible for the budget they have available and
while this is sound advice in a normal economic climate, when finances are stretched it can mean settling for
something that would usually be disregarded.
There are plenty of options out there with entry level, mid-range and leading equipment to suit all budget price
points.
Current Economic Climate & Hospitality Business Budgets
Managing budgets is a must for hospitality businesses in today’s trading climate. With rising operational costs
and an unpredictable market, keeping a tight rein on spending is essential. With rising energy costs, increasing
rents and the price of supplies growing coupled with a customer base that has less disposable income than ever
to eat out, businesses are balancing a tricky tightrope. If equipment fails, budgets may not cover new
replacements, but without the equipment they can’t remain operational to generate income. Catch 22 right?
Luckily there are plenty of buying and payment options available to all businesses to guarantee they can get the
core equipment they need to continue operating. Whatever situation the finances are in, there is a solution to fit
the bill.
Payment Options to Help Budgets Go Further
Whether businesses have the budget available for equipment but it would be a stretch, they would prefer to
invest in higher quality equipment that they can’t afford outright but will benefit them in the long-run, or have no
available funds at all, there are payment options for every scenario.
For successful budget management, exploring various payment options is key. To discuss the possible options
available for your business circumstances, speak with a reputable supplier such as FFD Commercial Refrigeration, who can offer advice, provide details and move forward with purchase if a suitable payment
solution is found.
Consider the following payment options:
Pay in 3 Interest Free – typically seen in the BtoC sector, this is now an option for BtoB sales as well, meaning
that businesses can spread the cost of equipment over 3 months without paying any interest.
Pay in 12 – similar to Pay in 3, this option allows businesses to spread the cost of purchases over a 12 month
period. A small level of interest will be payable, however with a shorter term than commercial leasing and with
lower interest, it’s a perfect stop-gap for businesses that don’t want to commit to a longer ‘lease to buy’ deal.
Commercial leasing – this is a lease to buy agreement with a regulated third party leasing company. Interest is
payable and a minimum order value of £1000 +VAT is required. Leasing is popular for companies wanting to
save up-front costs. Payments can be spread monthly, making it easier to manage cash flow.
Manufacturer finance – some commercial refrigeration brands offer a 0% interest finance scheme to eligible
businesses. This is only available on the brand’s own range of products.
Exploring payment options fully could ensure that hospitality businesses can continue trading even through the
difficult economic climate.
