December 21, 2017 1 min read
Starting a hospitality business is an exciting experience whether you are new to the industry or a seasoned player. Allocating working capital across business needs can be tricky. Sometimes its a good idea to explore product options to make it go further.
Vorsen provide rental options through finance partners allowing you get the most of your particular situation. Renting is a great way to save working capital by making weekly repayments rather than a lump sum in the acquisition of furniture. A rental agreement means that your repayments are 100% tax deductible and generally doesn't show on your balance sheet either. This positions your business in a favourable light for future borrowing as your business expands or needs change.
Rental agreements provided by our finance partners are for a period of 24 months with the option to purchase if needed. A portion of your repayments is subtracted from the original invoice total leaving you to pay the balance making rent money not dead money in this case.
Alternatively if you decide you would like to refresh the look of your venue after the two year rental period you can select new furniture and set-up a new agreement and our finance partner keeps your original furniture.
Consider the benefits of renting for your business today and contact one of our professionals for more details.
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