For any retailer, creating the right look and ambience is essential in order to make the right impression on customers. What is more, getting the right look doesn’t have to mean a large capital outlay as businesses can finance an entire shop refit through a lease agreement via a reputable leasing company.
From opticians to convenience stores and cake shops to jewellers, and even corporate showrooms, leasing can offer a flexible and tax efficient solution to all types of businesses in the retail sector. From planning and design to interior finishes and fixtures, a lease agreement can help you realise your plans to refit a current shop or open a new outlet without compromising your cash flow.
Leasing provides businesses with an alternative new credit line separate from banks, which enables banking and overdraft lines to be kept free for any future cash flow issues or unexpected problems. And lease payments can be set against profit, thereby potentially reducing tax bills.
For a small initial payment, the asset you require is yours to use straightaway. Leasing enables you to pay for what your retail business needs over a fixed period of time, which helps you spread the cost over the life of the equipment and budget effectively. It prevents having to delay the implementation of plans until sufficient funds become available.
The lease itself can be tailored to suit your business. Agreements can be over an agreed period, for example two years, and repayments can be made monthly, quarterly or annually, by direct debit or invoice, whichever is most convenient. Lease payments can even be tailored to match your seasonal cash flow. You can also source equipment from multiple suppliers.
Some of the most common types of equipment and fittings that can be leased include:
- Shop counters
- Furniture and display cabinets
- EPOS and cash registers
- Shelving and storage solutions
- Fridges and chillers
- Coffee machines
- Air conditioning systems
- IT hardware and software
- CCTV and security systems
For more information, download WestWon’s free Essential Guide to Leasing for Business.