Ready to move forward with your dream of opening a coffee shop? The first steps are to create a solid business plan and budget. If you’re planning to get a business loan in order to make your goal a reality, budgeting early in the process is a must.
If you’re not sure where to begin, we can help! We know there’s a lot to think about, so we share our top budgeting considerations below:
New vs. Used or Refurbished Equipment
We totally understand the appeal of purchasing all-new equipment. Just the thought of your brand-new espresso machine(s) arriving to be unboxed is exciting! However, if you expect to be operating on a tight budget for the first few years, it may be worth it to think about pre-owned products or buy refurbished equipment.
There are many reasons to opt for refurbished coffeehouse supplies (for example, having the opportunity to purchase high-end products that would otherwise be out of reach). When you’re trying to stretch the budget while investing in reliable, top-of-the-line brands, buying refurbished is a great solution.
Whether you’re planning to buy new or refurbished equipment, financing may be an option. In many cases, it’s possible to earn a Section 179 tax deduction by buying or leasing qualifying equipment.
You can also look into financing directly from your coffeehouse equipment supplier. When you purchase from us, we can connect you to our financing partners. Our partners’ application process is simple and straightforward, and applicants typically receive a response within minutes.
Although used or refurbished products certainly have their own set of perks, new products often come with generous warranty coverage. When creating your budget, be sure to factor in repair and maintenance expenses. If you won’t have the funds to fix used equipment in the event of a malfunction, then buying new may be the best option. Premium brands such as La Marzocco offer parts and labor warranties for upwards of one year.
If you’re on the path toward opening a café, we’re excited for you! We’re also here to answer any questions you may have regarding coffeehouse equipment and financing. We carry an excellent selection of trusted brands and have everything you’ll need to keep your coffee bar running smoothly.
When you’re ready to proceed with the purchasing process, don’t hesitate to contact our customer service team. Whether you’d like to purchase each product separately or invest in a package deal, we’ve got plenty of options for you. We love connecting customers to the best products for their needs, so give us a call or email any time.