When it comes to running your business, it can be hard to find ways to optimise your service or production in order to increase profit. Since everything you need to make your business more efficient costs more, it may seem like there is nothing you can do. However, one thing you might not have considered yet is equipment finance. If you are one of the many fish and chip stores in the country, the only way to improve your business in order to stand out from others is by choosing fish and chip shop finance.
What is financing?
Financing is an option that means you get funding and helps you to buy the things you need now, but pay for them over time. This is a great option if you know that you need equipment now in order to earn more money. You can pay back the rest of the money in instalments or through an arranged schedule.
Why do fish & chip shops use finance for their equipment?
Most fish and chip shops choose finance since it is a great alternative funding method that allows you to buy cost-effective equipment and therefore promotes business growth. This is because investing in assets, which includes your equipment, is likely to provide a better service for customers and so produce more turnover as well as reduce expenditure in other areas including running costs.
What can be financed?
When it comes to business finance, almost anything counts. For a fish and chip shop, one of the most beneficial things to buy on finance is kitchen equipment. You could spend more on fryers, heated displays, ranges and fridges which will have an obvious positive effect on your business straight away as they will greatly improve the quality of your service.
You could also invest in an EPOS system or CCTV in order to deter criminals or vandals. This will make your business much safer and reduce potential losses through criminal damage or thievery.
Alternatively, finance can also be used to fund a full restaurant refurb since there is fitout finance available. This means you have the option to start completely afresh and attract new customers with an entirely new, attractive interior. It also gives you the chance to rebrand and begin marketing your fish and chip shop however you like to improve public opinion around your brand.
What are the benefits of using finance for fish and chip shops?
The most prominent benefit of using finance is that your cash flow is much better protected since you are spreading the cost of expensive items. Being able to pay more sooner means you have the chance to bring in much higher quality equipment which is also likely to be more efficient and therefore reduce your running costs. Better equipment is also likely to be more economical over time as it is less likely to need to be constantly fixed or as quickly replaced.
Financing can also help to increase revenue as it means you will be able to offer a more comprehensive and appetising menu. Once you have seen all the great benefits of financing, you could even consider business expansion to increase your income. Considering this potential, it seems like an easy decision to opt for financing when it comes to your fish and chip shop’s future.
Finance for fish and chip shops – find out more
Read about the different forms of finance we can offer your fish and chip shops here. Once you have decided what equipment is best for your business, or how you would like your new fit out to look, make sure to get in touch with us at Tower Leasing. Our experienced and dedicated team will be perfectly capable of providing the support and guidance you need so that you have nothing to worry about. The process is surprisingly simple, especially with our team there to guide you through everything, so make sure to get in contact with us today.