Restaurant Furniture Blog

When times are a little tough and your cash flow is under stress, buying new restaurant furniture may be the last thing on your mind. At the same time, refurnishing your restaurant may just give it the shot in the arm it needs to increase your cash flow. It’s a catch 22. There are a number of options that could be worth considering and amongst them is leasing. When times became a little tough in the eighties, everyone hailed leasing as their savior - times haven’t changed that much and leasing is once again becoming a very viable option.

Leasing works on the basis that you are essentially hiring the product, in this case, your restaurant furniture. At the end of the lease period there is an agreed value placed upon the product which enables the leasor to ‘buy’ the furniture. Some leases have a nominal purchase price at the end of the lease period - for instance, $1.

Leasing has other advantages. In many cases lease payments can be considered 100% business expense tax deductions. Leasing also has a set monthly cost. This makes long term planning much easier, particularly when it comes to cash flows. There are many businesses that lease certain assets perpetually. As soon as one lease period expires, they renew that product for the latest models. Cars and computers have been popular lease products. Your restaurant furniture can as well. If you take a two or three year lease on your furniture, you will most likely be ready to refurnish again at the conclusion of the current lease. It’s so easy to do that most businesses go for that option.

If finding a lump sum to purchase restaurant furniture is too difficult at present, consider leasing. It’s cost effective, much easier to obtain than credit, and far more flexible than most forms of credit. Contact SeatingExpert to see if you can renew your restaurant furniture using leasing as an option. Leasing restaurant furniture could be the wisest decision you ever make.