Should I Hire or Buy Cold Storage When Expanding My Business?
Posted in: Commercial
On July 15, 2022

If you have a food business and you have plans to expand this year, you are going to have a lot to think about. In particular, rising costs are an issue for a lot of businesses, so you may have to be careful with your budget. 

One of the most expensive investments you are going to have when you are expanding your business is cold storage. But, there might be a way around the high prices. You can consider hiring this equipment instead of purchasing it. Let’s take a look at the benefits of hiring and buying cold storage so that you can make up your mind.

Hiring Cold Storage

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First of all, let’s explore hiring cold storage. There are professional companies out there that can offer short and long-term hire on everything from fridge and freezer trailers to different sizes of cold rooms. For example, if you want to take a look at your options, check out Icecool Trailers. You can hire the right size and equipment you need without having to spend a fortune. You are given a customised quote depending on your business, which means that you can get exactly what you need.

The main reason that people look into hiring is that they want the process to be affordable. Hiring often means paying a monthly amount for cold storage, which can be more manageable for a range of businesses. For example, if you are a small business, you might not have a large budget where you can simply go out and get new equipment. So, hiring is a way to access this new cold storage that you need but at an affordable price.

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Another reason why a lot of businesses prefer to hire cold storage is because of the setup. If you do not have a lot of experience with this type of equipment, you might not know where to start when it comes to setting it up. Well, this is the good thing about hiring. Often, a team is going to deliver the cold storage to your premises and deal with this for you. Everything is a lot simpler and you can get on with running your business.

When you are hiring a refrigeration trailer or a cold room from a reputable company, you can also gain the experience of that team. Perhaps you are so focused on the expansion of your business that you do not have time to select the right cold storage. Well, you can ask that team for advice. They are going to have the knowledge and expertise to help select the right one for your needs. This saves time and assists you when you are trying to grow your business into something big.

Buying Cold Storage

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You are always going to have the option to buy cold storage for your business. For some companies, this is going to be a good move. This is particularly true if you are wanting to upgrade the systems that you have or they have broken down. It might be easier for you to simply replace them as a long-term investment. You can choose the refrigeration or freezer systems you like and have them installed on your premises.

Of course, something that you have to remember when it comes to buying cold storage is that this is going to be the most expensive option. In other words, you are going to need a big budget if you are going to purchase cold storage. This is going to be true if you are purchasing new models and the latest technology. If you have money to play with when it comes to expanding, this might not be a problem for you. But, if you are looking into your options, this is definitely something that you want to be aware of. You will have to pay out a lot of money and this might not be something that you have available to you.

For example, if you are trying to expand your business, buying cold storage might be too much of a risk. You may not be sure whether this expansion will be successful at first and do not want to pay out a lot of money if it does not go to plan. So, hiring might be better since you can spread out payments. It means that you do not have to pay out so much for cold storage at once when you are going through a transition. 

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