New Customer: 01244 525410 / Existing Customer: 01244 527300
  • Views from the flipside

    3 ways Asset Finance can help your Catering Equipment business

    Tell me more

Views from the flipside

In an ideal world, your customers would be able to purchase without cost or budget barriers, creating a smooth and consistent sales cycle for suppliers.

However, preserving capital for operational costs, purchasing stock, identifying new products and business opportunities that may arise and be more profitable is a key driver of growth for your customers in the Catering sector.

Asset Finance vs. Online Competition, WEEE & Energy Efficient Equipment

Along with increasing sales, leads and improving cash flow, offeringasset finance to their customers can help Catering Equipment Suppliers tackle some of the current market challenges:

Online Competition

Catering Equipment suppliers are coming under increased pressure from online competitors, who are working on lower margins and competing fiercely on price.

Offering equipment finance can help remove the need to compete on price as it facilitates the sale and helps maintain margins.

The Waste Electrical & Electronic Equipment Regulations 

The State of the UK Catering Market

Catering Sector Infographic
Click on the image to enlarge

The WEEE regulations were introduced into the UK following a series of European Union directives that seek to harmonise and promote safe and responsible collection, recycling and recovery procedures for all types of electronic waste.

When suppliers sell equipment on finance, customers can choose to replace the old equipment with new at the end of the term and suppliers can either subsidise the cost of the new equipment for the customer or alternatively cover collection costs based on the estimated scrap value of old equipment.

Energy Efficient Equipment

Cutting energy costs by just 10% is equivalent to delivering a 3% to 4% increase in profits*. As more foodservice operators look to reduce their running costs, finance acts as a great facilitator in enabling them to purchase new energy efficient
equipment without adversely affecting their cash flow.


Download our Catering Sector paper to discover in more detail how Asset Finance can help catering equipment suppliers can overcome some of the current market challenges including Online Competition, WEEE and the increasing demand for Energy Efficient Equipment.

LDF have strong history in providing finance and leasing solutions to the sector whether directly to businesses or via equipment manufacturers and resellers that we partner with.

Learn more about the LDF Partner Programme for Equipment Suppliers or contact us on 01244 525410 to discuss how you can offer your customers asset finance.

* http://www.foodserviceequipmentjournal.com/85-of-cooking-equipment-costs-is-in-energy/

Learn how asset finance can help with online competition and WEEE

By Ian Cushion
Author
Find me on:

Why choose LDF?

  • No red tape, so you can receive funds in as little as 24 hours
  • We accept 4 out of every 5 applications
  • Apply quickly and easily with E-sign loan documents
  • You’ll always speak to the same person
  • Free up cash flow for other areas of your business
  • Tailored finance agreements to suit your specific needs
Find out more

Views from the flipside

What our customers say

We could not have been happier. Banks as usual were a nightmare - they took over six weeks to eventually refuse for vague reasons unexplained. LDF were professional, helpful, friendly, and best of all, fast.

CEO Awards 2016 Winner - Flintshire Business Awards Leasinglife Awards 2016 Leasing World Award 2017 SME Awards - Alternative Funder of the YearInnovator of the Year 2016Business Comparison Asset Finance Lender Award Growing Business Award - Amazon