Running your business is a delicate balance of keeping your spending low and your earnings high. There are some big line items in your budget that you have to take care of. If you can make a smart choice when it comes to those big line items, the smaller items will fall into place and you’ll save your business tons of money. However, you have to make sure you get it right. If you’re running a business that serves food, your freezer is a non-negotiable budget item. You can’t really serve food if you don’t have a refrigerator and freezer. If you can get a good deal on one, though, you can save buckets of money. Many people look for different good deals on fridges, but they really should be asking themselves if they want to buy or rent. Buying a fridge or freezer for your business is incredibly risky and expensive. If you want to scale back your business, move your business, or change its focus, you’ll be stuck with a refrigerator you don’t need. Also, as it gets older, it depreciates; so, you can sell it, but you won’t get all of your money back. Renting is the better option. Here’s why.
You Have a Service Team
Repairing your fridge or freezer can get expensive, especially if you don’t know how to do it yourself. If you buy your own freezer, you have to figure out the repairs yourself. That probably means calling a contractor and paying out of your own pocket. That’s going to cut into your profits significantly.
With a rented commercial freezer, you have access to a service team that can make any necessary repairs. They’re usually pretty committed to making effective repairs; after all, they still own the freezer and want it back in good condition.
You Have Flexibility
When it comes to your business, so many things can change very quickly. For example, if you’re running a restaurant, you’ll need a freezer. However, if you get the opportunity to open a second location, you might want to jump on it. If you don’t have a good line on a freezer, you might be out of luck. Finding a freezer, especially at short notice, can be very difficult. However, if you are renting your freezer, you know exactly where you can find another freezer; you can find it at the exact same place you found your rental.
Also, if something bad happens and your business starts suffering, you can close your business or downsize without much worry. If you decide a restaurant isn’t for you and you want to go into catering instead, you can return your rented freezer and move to a more flexible path. That’s not so easy if you actually own the freezer.
You Have Lower Expenses
Buying a freezer outright is expensive. Depending on your income and your business model, you might not have any room in the start-up budget for a big ticket item like a freezer. However, if you rent it, you don’t’ have to pay all of that cost at once.