Wednesday, February 16, 2011

Restaurant Equipment Leasing



ExecuTech Lease Group is constantly expanding with new equipment industries we specialize in leasing for.  One of our newest lines is the restaurant equipment industry.  With commercial restaurant equipment we see there are some pieces better suited for leasing than buying outright.  Examples of these items are, but not limited to, Coffee Makers, Commercial Dishwashers, Ranges, and Ice Makers.  One of the major benefits to leasing restaurant equipment is that it can save restaurateurs large sums of money when opening a new restaurant.
If you have decided to go with an equipment lease, here are the steps to follow with ExecuTech Lease Group:
1.      Figure Out The Equipment You Are Looking For
There are numerous equipment suppliers out there who can help you with finding the best equipment for your establishment.  ExecuTech’s role in your purchase is to help you with the funding of this equipment by offering terms that meet your needs.  Make sure when looking at equipment suppliers you look at the service/maintenance package the supplier offers as well as their deliver and installation policy.  Once you have determined the supplier and the equipment contact ExecuTech to initiate the leasing paperwork.
·         If you are unable to find an equipment supplier or don’t know where to begin, please contact ExecuTech for a list of our preferred Vendors.
2.      Work With The Supplier To Determine A Program That Fits Your Needs    
ExecuTech offers numerous programs with restaurant equipment leasing.  Work with the supplier to determine a payment and term that works for you.
·         Most vendors will add service, maintenance, delivery, and install to the overall cost of the lease.
3.      Credit Check
Be prepared, if you have chosen to go with leasing for your restaurant equipment be aware that there will be a credit check. Based upon your credit score, this credit check can determine the payment for your equipment outside of what was already discussed.
4.      Get Ready For Delivery
Upon approval of the lease, ExecuTech will work with your equipment supplier to schedule payment for the equipment. The equipment provider will most likely work with you to determine the best date of install. Your first payment will be due 10 days after the installation of your equipment, make sure your funds are available.

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