TO BUY OR NOT TO BUY? – Catering Equipment Hire Versus Purchasing

If you’re planning to start a business in the catering industry, you will be faced with the dilemma of whether to purchase all of your catering equipment and supplies brand new, or to hire the exact same equipment on a short term basis. Obviously your own personal circumstances will determine which option you go for, and remember, it is essential to consider exactly WHY you need the products, for how long, and most importantly, whether you can afford to purchase. Sometimes it is the sensible and economical decision if you are working to a tighter budget.

If you are certain that investing wholly in the equipment you need is the right decision, then so be it. In the long run it will be the cheaper option, as you will be able to use the products again and again, knowing that you are getting a return on the investment you made. Alternatively, the more conservative option of hiring means that by leasing the equipment you need, it gives more financial stability, as the costs are lower. Also, cheap catering equipment is hard to come by, and by hiring, you are able to benefit from the highest brands and products on the market, that you may otherwise not be able to afford, if buying outright.

There are a myriad of companies across the UK who both sell and hire professional catering equipment. There are many benefits on offer from professional vendors offering catering equipment supplies, sometimes at a days’ notice. Cheap catering equipment is often hard to find, especially at short notice.

What to look for when hiring catering equipment.

You want to ideally find a business who are able to cater for your exact requirements, and have an extensive portfolio of high quality supplies, along side excellent product knowledge and experience. You want to ensure that whoever you choose to hire products from, has a clear understanding of the industry, and are able to assist and guide you towards the products that you need. Remember to shop around, the cheapest may not always be the best.

You want to find someone who can provide you with everything you need to ensure that your event runs smoothly. This means not only a great product range, but professionalism and reliability. You want peace of mind that the company will deliver on time, every time. Be sure to get references or testimonials, as that will be the only way to judge a company’s experience.

An additional aspect to take into consideration are how different catering hire businesses deal with breakages and replacements. The last thing you want is to find you’ve signed a contract, and then get stung on replacing items that have been damaged. From the outset, it is wise to factor this into the whole process – there WILL be losses / breakages, and you WILL need to replace certain items. This is obviously a common situation, but some companies are known to raise the replacement costs in order to boost profits. It is not unheard of to pay excessively for breakages. Just be sure you are clear about what deposit you are paying and what this covers, and ask what the maximum costs you are likely to pay for damages etc.

Lastly, check the hire terms and length of hire. Some companies charge for late returns, and it is advised that you check how much you are likely to pay for late returns, or if it more economical to hire for an extended period (as this may prove cheaper than paying a charge for returning items late)

Companies like Gorgeous Gourmet in South London provide top quality ranges of modern and innovative catering equipment for hire delivered by a ‘can do’ personal, customer focused and committed team. They also offer a washing service for those clients wishing to return goods dirty. Very often this proves more cost effective than employing someone to do it for you.