For example, you could easily spend $10,000 to buy an espresso machine or around $300 a month on a payment plan. Renting requires a much smaller upfront cost followed by predictable monthly payments. This can create a huge financial strain for many new business owners given all of the other costs associated with starting a specialty coffee shop. Upfront Cost – Buying an espresso machine often requires you to make a higher outright payment, if not the total cost of the machine. To help you make an informed decision for your cafe, we’ve outlined the key differences and similarities between these options. Get a feel for what you are investing in and decide if its right for you and your business. Go see the machine in person, if possible.Look into payment plans offered by various sellers and compare to the cost of renting.If you are choosing to rent a machine, see what quotes you can get from different companies in order to weigh your options. Price quotes and qualifications will be different depending on seller and machine.Here are a few tips when deciding to rent or buy:
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