FiNANCE & LEASiNG


Leasing – a lifeline for vending I


t’s no secret that the pandemic, like with most industries, has in one way or another impacted the vending market. With many retail spaces, venues, and public areas seeing a sharp decline in


footfall and fewer people making the commute into the office, vending has unfortunately paid, and continues to pay the price. However, according to Kevin Reed of Tower Leasing, there is welcome relief for operators, and it comes in the form of alternative finance.


Why offering leasing can benefit your business Leasing and finance options have long played an integral part in the vending space, helping vending operators to sell to companies who really need first class refreshment for their employees, some of whom may otherwise have been unable to afford or justify a substantial upfront investment. This is something that has never been more relevant than today. With businesses across almost all industries continuing to feel the


after effects of the pandemic, many still don’t have the dispensable cash reserves they had before the outbreak. This has led many to


explore alternative finance options as a way of acquiring the equipment they need, without significantly impacting their cash flow. By offering leasing and finance options on your product range,


you can make the most of this growing opportunity and potentially significantly increase your sales. However, it’s not just the potential to access a wider target market


that makes offering leasing such an attractive prospect for your business. Your customers’ ability to spread the cost of your machines means that they are often able to afford larger quantities or higher specifications, which can translate into increased order sizes and profits for your business.


hoW leasing can help you to overcome current economic challenges


With energy and material prices continuing to soar over recent months, many vending businesses are also beginning to feel the strain of higher running costs. Your clients will benefit, as offering leasing can help to alleviate these increases. All leasing rentals are fixed for the duration of the lease contract and thus are protecting against the ravishes of inflation. Cash flow is extremely important to vending operators. With


leasing, you can expect to be paid for your order within 24 hours of installation, providing all documentation is correctly completed. Meaning that you no longer need to chase invoices and cash can almost immediately be reinvested back into your business.


there has never been a better time to start offering leasing


It has been a long and arduous journey for many vending specialists over the past couple of years. However, as consumer confidence starts to return and the market begins to show signs of picking up speed again, offering leasing and finance could be the helping hand many suppliers need to restore their sales back to pre-pandemic levels.


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