Catering Lease Calculator

1. For enquiries over £100,000, please contact us directly on 01494 611 456.

2. The rental price indicated is for general guidance and is subject to credit approval.

3. Business users only.

Catering Leasing

Every catering business relies on the efficiency and strength of their equipment. Whether you are a small start-up coffee shop or a large restaurant requiring a full refurbishment, catering leasing and finance is a perfect option for your company. Westwon has over 40 years’ experience in the supply of financing. We partner with a number of suppliers and manufacturers and are able to support you to make the right links to ensure that your kitchen is kitted out with the best equipment for your needs, all at an affordable and competitive rate.

Westwon have worked alongside catering businesses to finance everything from 70 dining tables for an Indian restaurant to the installation of specialist freezers in a college. Whether your business is a small cafe, a large restaurant, hotel or an office or school canteen, Westwon will work alongside you to help you to secure and grow your business.

Our catering finance blog addresses a range of topics including writing a business plan to help you open a new hotel, the common mistakes of opening a new restaurant and the difference between leasing and hiring catering equipment. Our experienced team will guide you through the entire process of obtaining finance, including providing the additional support of helping you source the best equipment for your needs through our supply and manufacturing partners. Your catering business is in safe hands with WestWon.

Benefits of Leasing Your Catering Equipment

  • Cash flow

    You will be able to keep funds in your business to be used elsewhere

  • Alternative lines of funding

    You don’t have to use up a bank facility you already have

  • VAT

    On rental agreements, the VAT is included in the rental, not in a lump sum

  • Pay for the equipment as you use it

    Companies pay employees over time as they work, so why pay all the cost for catering equipment in advance?

  • The latest equipment

    Always have the latest catering equipment at your disposal by implementing a recycling strategy, whereby you replace equipment at the end of the lease term

  • Tax planning

    Using a lease rental agreement, 100% of your rental is deductible against your companies corporation tax

The Catering Equipment Leasing Process

WestWon - The leasing process - customer NEW

Case Study
New Start Restaurant Financing

Learn how a head chef and his partner made the decision to start their own concept restaurant and utilise WestWon’s finance solution.

Case Study
Pizza Oven Finance

Learn how a catering company with over 50 years’ experience and a fantastic reputation in the catering industry, made the decision to finance a Cuppone twin deck pizza oven to ensure their customer are getting authentic Italian pizzas.

FAQ’s

What is the smallest and largest catering leasing deal you can do?

We can write any catering deal starting from a value £1,000.00 + VAT. Our smallest catering deal is £1,250 + VAT. Our largest software lease to date is just under £400,000 + VAT!

What is a normal catering leasing deal value?

Our average software deal is £14,279.00 + VAT over a 3 year term.

How long can I lease catering over?

For catering equipment, most deals we do are either over a 3 or 5 year term. However we can lease catering from 1 year up to 5 years.

Is there an advance payment?

Often we take a three month deposit to keep the monthly rentals lower, however you can more or as little as one month upfront if you wish.

I want to keep the catering equipment at the end of the rental agreement, can I do this?

Yes, under terms of a lease rental agreement you have the option to own the equipment at the end of lease. Alternatively there is an option to return the equipment at the end of the lease if you wish to get new equipment.

Can I include multiple types of catering equipment on one agreement?

Yes, we can build many types of catering equipment into one agreement. Whether you’re looking to finance a combi oven, refrigeration, dish and glass washer, they can all be included on the same lease.

How quickly can you arrange catering leasing?

Applications can be accepted within a few hours and once documents are signed, the catering will be delivered and the agreement activated within 2 working days of delivery and install.

I am a new start company, will you credit clear me?

If you are a home owner and have a clear personal credit history, we should be able to source funds for you, normally up to £50,000 for hospitality businesses.

I am an established business trading over three years, what information do you require?

Often, we just take a look at the information in the public domain at Companies House. However, there are times when we will ask to see bank statements, last year’s full audited accounts and management accounts.

I have a CCJ / my company has a CCJ, will we get finance?

If the CCJ is satisfied and there is a good reason for the County Court Judgement, then we will argue your case. However, if you have an unsatisfied CCJ, then sadly we will struggle to get finance.

Another leasing company has said no, will you be any different?

Some leasing companies just do not like financing catering equipment. For some company’s the hospitality sector is seen as too big a risk as many new businesses go out of business within the first 3 years. WestWon are specialists in the financing of catering equipment and have assisted many businesses in the hospitality sector from new start businesses to well established restaurant chains.

How cheap are your lease rates?

We do not normally lose business because we are too expensive. Our view is to give cheap lease rates and make sure we do more business together in the future.

How often do your customers come back to you for more business?

Our customer retention rate is extremely high, our latest figures shows that over 80% of customers will use WestWon again, mainly due to our level of customer service and the range of assets we finance.

Can I use my own supplier of catering?

Yes, it is up to you who you use as a supplier.

Can WestWon recommend me a supplier of catering equipment?

Yes, work alongside a number of suppliers of catering equipment. We would be more than happy to put you in touch with a company who can assist.

Can I pay the lease off early?

Yes. The finance company will work out a settlement figure based on how many rentals are left to pay.

Can I add more equipment to the lease at a later date?

Technically you can, but nobody ever does. It is more cost effective to set up a brand-new lease.

Can I include multiple suppliers on the same lease?

Yes, it’s common for businesses buying catering equipment to buy equipment from multiple suppliers. These suppliers can be paid at the same time on one agreement.

Contact Us

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© 2018 WestWon Limited
The Financial Conduct Authority (FCA) regulates financial services in the UK and you can check this on the Consumer Credit Register by visiting the FCA’s website here or by contacting the FCA on 0800 111 6768. WestWon Limited is a credit broker and not a lender. WestWon companies deals with a range of lenders. All WestWon companies hold a current Data Protection Licence and are registered for VAT. These details, together with our policy on Treating Customers Fairly, Complaints Policy and address details are held under our Get in Touch page.
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