Whether you are thinking of starting your own beauty business, or have already been in business for years - often equipment purchases can help you build or expand your business. But, did you know that buying your equipment outright isn't your only option? Here are some key benefits behind choosing to lease your equipment for your medi-spa.
1. Keeping it in your pocket
Choosing to lease your new equipment saves your working capital for day-to-day expenses, expansions or unexpected costs. Along with saving your working monies, having a lease means you have a pre-determined monthly cost which can help you budget more effectively. With a predictable monthly expense you can develop long-range plans.
2. The tax man cometh
There are potential tax benefits each year through leasing your equipment. In many cases leasing gives you the opportunity to fully deduct the lease payments against your businesses earnings - and who doesn't like to keep more of your earnings rather than giving them to the tax man! Be sure to check with your tax advisor to determine how leasing can benefit your beauty business.
3. A sexy balance sheet
Monthly lease payments are viewed as a business expense instead of long-term debt. Having less debt can help you secure financing, should you need it, for your business. And who doesn't love a sexy balance sheet?
With equipment leasing, the payments you make for the Nubody Dermlase IPL are going towards the ownership of the device and the monthly payments are very low considering the amount your spa can earn during the lease lifetime - and are much, much lower than renting a laser each month.
Nubody Equipment Sales ltd. is not a tax expert and does not explicitly or implicitly guarantee or imply the accuracy of this content. For tax advice consult a tax expert.
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Let me tell you a story.
"At 17 I was working at a weight loss centre to pay for my Business and Marketing degree at University. A friend of mine who happened to be in the same industry was going through a personal crisis. She was getting divorced and wanted to sell her weight loss business and she was willing to sell it to me on a payment plan for $160,000. Yes, that's right, a 17 year old with $160,000 debt!
But I was actually very lucky. My friend mentored me in how to run my first business and I was able to pay off that loan within 3 months.
Then my clients began asking about laser treatments and I invested $200,000 - in what today is a competitors laser device for my first spa and as they say…
…the rest is history "
Amanda Hall
President, Nubody Equipment Sales Ltd.
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If you want to learn more about the Dermalase IPL - the lowest priced, Health Canada approved IPL Laser Hair Removal and Skin Rejuvenation device manufactured and serviced right here in Canada, including training and certification - just give us a call at 604-788-3413 to book your FREE demonstration.