If you are in the catering business, you know all too well that having the right equipment is the secret ingredient to ensure the success of your venture. The right equipment includes all the things you need to deal with the logistics and organization necessary for your catering service. This is when you might wonder if rental of catering equipment is better than buying.
Buying vs. Rental of Catering Equipment
Many people don’t realize it but when it comes to catering businesses, it is never enough to just prepare the most delicious food options. For example, if you were hired for an event, your client might request you to have some of the food prepared at the venue.
When this happens, you would need to transport some cooking utensils and ingredients together with the other equipment, such as the food warmers, buffet ware, dinnerware, slow cook ovens, holding cabinets, a complete set of chafing dishes, and more.
Aside from this, you also have to ensure that the food you already prepared will not spoil or go dry over time. Most importantly, you have to make sure that every item on your menu looks appetizing and attractive.
Considering all the things you need to take care of, there are two questions that will pop into your mind. First, would you be better off buying your catering equipment or should you just rent them instead? Second, if you choose to go for the latter, what benefits can you expect if you opt for the rental of catering equipment over buying them?
If your catering business is still in its early days, your best and most obvious choice is to rent the catering equipment you need. This is especially when you only have limited startup capital.
Below are some of the many reasons why renting your catering equipment is your best option in this case.
Catering Equipment Rental Allows Easy Management of Cash Flow
A startup catering business can never afford to make rash and careless decisions when it comes to finances. During these early stages of your catering business, more money goes out than the money that comes in.
If you choose to rent your catering equipment, you will get enough funds to keep you covered until your next event. At the same time, this also lets you buy all the ingredients you will need for your upcoming planned menu.
Catering Equipment Rental Keeps Your Mind Free from Worries
When you rent your catering equipment, you don’t have to worry about something breaking down. This is because most rented catering equipment is of high quality. These are also kept in their best shape and condition. You also have the choice to select a reputable brand with the highest quality and best durability.
Catering Equipment Rental is a Cheaper Option
As stated earlier, it is more practical for you to rent the catering equipment you will need if you are just getting started with your business and you are still hesitant to spend a large amount of money on pricey equipment like dishwashers, big refrigerators and other things. When you rent, you will also get temporary access to the catering equipment you will need if you cannot afford them just yet.
Catering Equipment Rental Lets You Experience Newer and More State-of-the-Art Equipment
Many selections of catering equipment available for rent are new and top of the line. This lets you experience the top-notch efficiency and functionality of the equipment. In turn, this will give you more choices to pick from when the time comes that you need to upgrade to better and higher-end tools of your trade.
Catering Equipment Rental Allows Testing of Different Types of Catering Equipment
If you rent your catering equipment, this will give you the perfect opportunity to test out different options to find the most effective ones that suit your needs. This way, when the time comes that you are finally financially ready to purchase your own catering equipment, you can pick the ones that best work for you.
Catering Equipment Rental Gives You More Choices
When you choose to buy your own catering equipment and all the other things you need for your business to cater for different events, you will be left with no choice but to just make do with what you already have.
Aside from this, it might also take you a bit of time before you could start adding new pieces to your existing selection of equipment. Even when this time comes, you still need to be frugal with your purchases.
The good news is that all of these will not happen if you opt for the rental of catering equipment. You will get access to a much wider range of options, particularly as far as tableware is concerned. You can also rent the equipment pieces specific to the requirements of your event.
You see, there are a lot of benefits associated with renting the equipment you need for your catering business. But just like anything else in this world, you also have to remember that it also has its own set of disadvantages. Out of all the drawbacks associated with catering equipment rental, the most important of them all is the fact that over time, it will likely get more expensive on your part.
This means that during the early stages of your catering business, the rental of catering equipment is your most viable option. But still, if you are hoping to expand and grow your business further in the near future, it will still be a better and wiser option to invest in the catering equipment you will need. This way, you can expect to make the most out of your investment.
At the end of the day, always weigh your options first and consider your budget and current needs. Use the points above as your guide in making your final decision so you can scale your catering business and make it as successful as you want it to be.