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Money Talks

Extract from Bar Magazine article

April 2014

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Bars and clubs are turning to alternative ways of raising funds for their businesses.

Securing funding is getting no easier. Research reveals that up to 72.4 million pounds of loan applications from catering and hospitality businesses were rejected by bank lenders in the third quarter of 2013. It has led to pub and bar owners turning to new ways of raising funds for investment and finding ways of improving their profit margins.

Bob Wood, managing Director, DC Warewashing and Icemaking systems advises: Bars can save money by having the right equipment. These days it is all about saving energy, and bar and pub owners are becoming increasingly aware about the long-term benefits they can make. By reducing their energy consumption they will immediately start to improve their profit margin. If you are looking at the environmental factors, reducing energy consumption through technology and best practice and thinking of value for money are sure to achieve long-term cost savings.

When looking at your existing warewashing machines or if you are thinking about purchasing new, you need to consider not only the features, results and the initial cost of the equipment, but also the long-term running costs, equipment life-cycle and ongoing spares and maintenance costs. Whole-life costs are now the main consideration.


Read full article in Bar Magazine - April 2014 issue ...


 

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