How to Find New Restaurant Equipment
Choosing a new restaurant equipment supplier is one of the most important decisions the owner must make. Meeting with a supplier at the restaurant can help the owner determine the right equipment to buy. The owner will also need to decide the best source to use for financing the new equipment.
- Compile a list of the new equipment you need to buy for your restaurant. Measure the kitchen space in your restaurant to help you decide on the size for the equipment. Research the type of equipment you want by looking online or speaking with a few restaurant owners you know.
- Contact a restaurant supply company and ask to speak with a salesperson. Discuss the type of equipment you need to buy for your restaurant and give the salesperson the dimensions of your kitchen area. The salesperson may need to stop by the restaurant in order to give you the right equipment recommendation.
- Contact a second restaurant supplier to compare the equipment prices. Decide which supplier to use for your new equipment and find out if the supplier has a finance department so you do not have to pay in cash. Contact a local bank to arrange the equipment financing if you want to compare the terms with the supplier’s lender.
- Complete a credit application at the bank and find out the interest rate and term of the loan. You may want to talk with an accountant to help you choose the right lender for the equipment. Decide which financing source to use and arrange to have the new equipment delivered and installed in your restaurant.
- Find out the warranty information on each piece of equipment you buy. Purchase an extended warranty if you can negotiate a good price with the supplier. Make sure that you keep the new equipment properly maintained so it is always in good condition.