Leasing a commercial oven can quickly expand the production capabilities of a kitchen. High-capacity commercial ovens are able to sustain and evenly distribute high heat to bake fast without burning. Restaurant owners often choose to lease commercial ovens instead of purchasing them. Leasing allows business owners to quickly scale up a kitchen's equipment to meet rising production needs without committing a large portion of their reserve capital. Lease a commercial oven to keep your customers from waiting and possibly choosing another purveyor.
- Skill level:
- Moderately Easy
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Visit a local restaurant supply wholesaler and discuss the specific needs of your business to determine what commercial oven you desire. Ask for employee advice on brands and available options.
Discuss all the available leasing options with the restaurant supply wholesaler's finance manager. Many stores have a relationship with a local bank and will refer you to them to get a leasing quote.
Research online commercial oven leasing and compare the rates to those offered by the restaurant supply wholesaler and any bank referrals. Many credit companies offer restaurant equipment leasing programs with no down payment. See the link in Resources for leasing brokerage firm Barclay Associates.
Evaluate the options and costs of each available lease to find the best fit for your business. Some commercial oven leases include coverage for the cost of installation, training and maintenance. Leasing companies may also offer the option to buy the commercial oven at the end of the leasing period.
Apply for the lease and acquire the commercial oven your business needs at a monthly term you will be able to afford. Leasing companies often run credit checks to determine eligibility, and it may take a few applications before you are accepted.
Tips and warnings
- Lease payments for commercial ovens are often tax deductible. Consult with a tax professional to get full tax credit for your lease payments.
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