3 More Pro Tips For Buying New Equipment For Your Eatery

In our last blog, we listed some smart steps for restaurant owners to take when investing in new equipment. They included using your unique menu as a guide, considering energy costs and finding the right sizes of equipment for your kitchen. Of course, there are many other important things to consider when you are looking to update your restaurant’s gear.

Here are three more pro tips for buying new equipment of your eatery:

Pro tip #1: Secure strong warranties and maintenance plans.

You just never know. Even new equipment can be faulty every now and again. It’s vital to get a solid warranty and maintenance plan for each new piece of equipment you buy for your restaurant. Be sure to inquire about all warranty details to ensure you’re covered for repairs or replacements if something goes wrong. Keep in mind that some manufacturers offer extended warranties or maintenance plans.

“Warranties accomplish several goals,” says Michael Sherer of Foodservice Equipment Reports, “First and foremost, they protect your investment in equipment by replacing or fixing defective products for a certain period of time, usually two or three years. Equipment manufacturers in some categories are beginning to extend the warranty period to five years on certain components.”

Pro tip #2: Explore leasing options.

Maybe buying new equipment shouldn’t involve any buying at all. Why not consider leasing as an alternative? Leasing allows you to access top-tier equipment without the hefty upfront costs. This can make spending more manageable. Note that leasing often includes maintenance and repair services. As we just pointed out, warranties can save you from the hassle of dealing with breakdowns. Leasing also offers you flexibility. If your needs change, you can upgrade or swap out equipment as needed.

“Whether you’re looking to lease the latest dishwasher or high-tech oven, leasing provides the flexibility to upgrade to newer and more efficient equipment as technology advances,” writes Janine Jones of WebstaurantStore, “This ensures that your kitchen is equipped with the latest tools to enhance productivity and meet customer demands.”

Pro tip #3: Stay abreast of the latest technologies.

If you’re looking for an equipment upgrade, you may as well do it right! There’s no sense in re-investing in the same equipment you’ve had before. Times change and technology continues to improve. For example, smart appliances can be controlled remotely. Some equipment comes with programmable settings that can boost efficiency and consistency in your kitchen. It makes sense to find the latest gadgets that can help to add value to your business.

“Technological innovation is impacting our industry in four main ways: sustainability, customer experience, data, and labour,” reports Heather Wilkie, Compass Group Canada on RestoBiz.ca, “Food waste solutions, vertical farms, eco-labelling, local sourcing platforms, and environmentally friendly products are just a few of the effects of technology on sustainability. On the customer side, technology offers a new level of personalization, from AI solutions to IoT, advanced analytics, and more.”

Could you use some help to afford the costs of buying new equipment?

Get in touch with the Synergy Merchants team in order to learn about how our unique merchant cash advance program can get you the funding you need within 24 hours! Please don’t hesitate to call us at 1-877-718-2026 or email us at info@synergymerchants.com. You can also apply online for a free, no obligation quote!