Elevate Your Cleaning Business: The Power of Equipment LeasingElevate Your Cleaning Business: The Power of Equipment Leasing
In the fast-paced world of running a successful cleaning business, staying ahead of the competition often demands keeping up to date with the latest equipment. However, as operating costs like energy and water continue to rise, investing in new machinery may not always be financially viable.
One way savvy cleaning companies are overcoming this problem is by embracing equipment leasing. We’ve collaborated with Tower Leasing, Wavepoint Group's official finance partner, to explore some of the multitude of advantages brought to your business when choosing to lease cleaning equipment:
1. The affordable alternative to outright purchasing
Commercial cleaning equipment, whether it’s industrial washing machines or advanced garment handling technology, represents a substantial investment for any business, regardless of how successful it is. Equipment finance eliminates the need for significant upfront cash investment by spreading the cost across affordable monthly repayments.
This not only safeguards your cash reserves but also provides the flexibility to allocate capital to other vital areas of your business, like hiring new staff or boosting your marketing efforts.
2. A tax-efficient financial tool
One compelling reason why so many businesses favour equipment leasing over outright purchases is the remarkable tax benefits it offers. Lease payments are tax-deductible, allowing you to write all payments made for the leased equipment against your company’s tax bill. Depending on your investment size and tax rate, opting to lease your machines could lead to substantial tax savings, which could offer a significant boost to your bottom line.
3. Seamless upgrades for ongoing success
The cleaning industry is continually evolving, demanding businesses to stay at the forefront of technology to effectively manage demand and control costs. Equipment leasing empowers you to upgrade at any time during the agreement by simply restructuring your payments.
This means you can access the latest and best equipment, which might have previously been out of reach if you had to pay the full cost upfront.
4. A simple and straightforward process
Tower Leasing has been providing flexible finance solutions to a wide range of UK businesses since 1989 and has fine-tuned their leasing process over that time. Once you have determined the equipment your business requires, Wavepoint Group and Tower Leasing will handle all the paperwork, relieving you of administrative burdens and allowing you to concentrate on running and growing your business.
Mark Kemp, from Tower Leasing, commented, "With rising costs in the cleaning sector, we're witnessing a significant number of businesses turning to finance options to manage the expense of their new equipment. Our team is dedicated to supporting the growth of cleaning businesses across the UK, whether they are well-established or just starting out, and we’re ready to support your business too."
If you're interested in discovering more about leasing any of our equipment, please do not hesitate to get in touch with our dedicated team. We're here to provide the financial support you need to propel your cleaning business forward.
Latest articles
Wavepoint Group: A New Era of Textile Care
After over 50 years of excellence in the textile care industry, Renzacci UK is entering an exciting new…
Read more
David Warburton MP joins launch of Somerset’s first eco-friendly dry cleaners
David Warburton MP attended the launch of Somerset’s first environmentally-friendly dry cleaning system, at…
Read more
State-of-the-Art In-House Laundry and Uniform Management System Introduced in Luxury 7-Star London Hotel
BackgroundThe Peninsula Hotel, a brand-new luxury 7-star hotel situated in the heart of Belgravia, sought an…
Read more