Furniture leasing and finance

Furniture leasing and finance

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Here at Fit Out Finance, we have the experience and extensive knowledge to be able to help you with furniture leasing and finance. We can equip your premises with the best furniture and fit out without having to use up your cash reserves or take out a bank loan.

Supplier relationships

Throughout the years, we here at Fit Out Finance have worked with a number of suppliers. In turn, we have built extremely strong and developed relationships with them. Fit Out Finance can recommend you to the most suitable furniture supplier for your project. We have a range of suppliers from modern contemporary furnishing to very traditional and vintage. This means that anything you are looking for, we are confident we will be able to help.

Why consider furniture leasing and finance?

The main reason to consider furniture leasing is to preserve cash flow. Keeping cash in your business to spend on other opportunities like recruitment or expansion enables your business to cover a wider scope. With furniture leasing and finance there is total flexibility. You get to decide the rental term, payment frequency and deposit. Also, the leasing process is very simple, quick and efficient without your credit lines being affected.

What can you lease furniture for?

You can lease furniture for almost anything. This includes:

  • Commercial offices
  • Leisure centres
  • Hotels
  • Restaurants
  • Schools/Nurseries
  • Nursing homes
  • Function rooms

As well as much more!

Events and exhibitions

As you may be aware there are many exhibitions and events to attend, which the Fit Out Finance team are always visiting. We therefore like to keep up to date with the latest furnishing and fit out trends. As you may have seen recently we attended the event Clerkenwell. This was an amazing opportunity for both Freya and Tracey to speak to new and existing clients. It was also a great place to spend a few days talking all things fit out finance, and being able to get together with everyone since the pandemic. Further information on Fit Out Finance at Clerkenwell can be see on our LinkedIn page, see here.

Contact Us

If you would like more information on furniture leasing and finance, then head over to our contact page on our website to speak to a member of our team. Furthermore, if you would like to talk to us over the phone then please call 01494 506 385 or email hello@fitout.finance.

How can workplaces enable growth

How can workplaces enable growth?

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Ways to enable your business’ growth

  • Future proof your business – investing in things like technology is crucial for your business to grow. If you go back in time, technology has soared in recent decades, and it will only get bigger. We have introduced our new partner portal called advance. This an incredible new piece of software that allows all our partners and customers to be kept in the loop about their quotes and agreements. We also have our very own CRM system called DORIS which has allowed us to be a paperless office. This links to another growing investment, sustainability. If you would like more information on our green agenda, click here.
  • Work on your vision and company culture – learning to work on your company values will enable you to have a better vision for the future. Having a good company culture will make more people want to work for you and more people use you for business! These are essential parts of business growth. We also have 5* customer service, again essential for the growth of your business, and testimony to a good company culture.
  • Move with the times – Sustainability and flexibility are important parts of growth and relate strongly to the first point. Also working with staff and the way they work after the pandemic can be tricky to navigate. To find out more about this, read one of our latest blogs about hybrid working.
  • Plan for change – one of the ways you can make sure your business grows is by adapting and changing according to not only the industry, but your competitors too. For example, the introduction of Fit Out Finance was to plan for the expansion of WestWon Limited into the furniture and fit out industry. This could also lead your business to enter a stage of ‘hypergrowth’.

What is hypergrowth?

According to the source linked, Hypergrowth is “a phase of rapid expansion where companies experience a CAGR of 40% or higher.” Hypergrowth has three main components: product innovation, execution, and strategic focus. Due to the hard to attain criteria, hypergrowth only applies to a small number of companies.

How Fit Out Finance can help you

Here at Fit Out Finance we can provide you with leasing options that will enable growth. Leasing enables you to have flexible rental terms, over 1-5 years. This will enable growth because you have a longer period over which to repay the lease repayments. This means you will have extra cash in the business to be able to use elsewhere, possibly for larger projects. You will also preserve existing lines of credit. This again means that your business can grow without using up your bank facility. Other benefits of leasing include significant tax benefits, as well as making it easier to budget. These things are all essential if looking to grow and expand.

Contact Us

If you would like more information on how workplaces can enable growth, then head over to our contact page on our website to speak to a member of our team. Furthermore, if you would like to talk to us over the phone then please call 01494 506 385 or email hello@fitout.finance.

Why leasing is right for the retail sector

Why leasing is right for the retail sector

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For any retailer, creating the right look and ambience is essential in order to make the right impression on customers. What is more, getting the right look doesn’t have to mean a large capital outlay. Businesses can finance an entire shop refit through a lease agreement via a reputable leasing company. This is where we come in! In this blog I will be discussing why leasing is right for the retail sector.

From opticians to convenience stores and cake shops to jewellers, leasing can offer a flexible and tax efficient solution. This is to all types of businesses in the retail sector.  Therefore from planning and design to interior finishes and fixtures, a lease agreement can help your plans to refit. Alternatively, for opening a new outlet without compromising your cash flow.

Leasing provides businesses with an alternative new credit line separate from banks. This therefore enables banking and overdraft lines to be kept free for any future cash flow issues or unexpected problems. And lease payments can be set against profit, therefore potentially reducing tax bills.

For a small initial payment, the asset you require is yours to use straightaway. Leasing enables you to pay for what your retail business needs over a fixed period of time. This helps you spread the cost over the life of the equipment and budget effectively. It prevents having to delay the implementation of plans until sufficient funds become available.

The lease itself can be tailored to suit your business. Agreements can be over an agreed period for example two years. Repayments can be made monthly, quarterly or annually. Also by direct debit or invoice, whichever is most convenient. You can also match payments to your seasonal cash flow. You can also source equipment from multiple suppliers.

Other sectors we provide finance for:

As well as the retail sector we can also provide finance for several other sectors and assets. These sectors include office refurbishments, restaurants and warehouses. However, we provide finance for almost anything. If you don’t see your sector here then please don’t hesitate to contact us. We may still be able to help!

Contact Us

If you would like more information on why leasing is right for the retail sector, then head over to our contact page. A member of our team will be happy to speak to you. Furthermore, if you would like to talk to us over the phone then please call 01494 506 385 or email hello@fitout.finance. You can also see more over on our LinkedIn page.

5 advantages of fit out finance

5 advantages of fit out finance

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There are several benefits to fit out leasing and finance, many of which can be seen immediately by your business. Here at Fitout Finance, we hope to help you with your finance needs. If you have any queries about finance, all the advice we offer you is free, so please don’t hesitate to get in touch. Read on if you would like 5 advantages of fit out finance.

Significant tax benefits

There are significant tax benefits when entering into a lease agreement. This includes the rental agreement being 100% deductible (against your corporation tax bill). All the payments you make whilst your fit out project is being completed can again be written off against your company’s tax bill.

Flexible rental terms

We can offer finance agreements that have a term between 1 and 5 years. This means the agreement can be tailored to you and you can choose what works best. We always want you to feel like you have a wide range of choices and flexibility is so important. It depends on the timings of your other payments as well as if you wish to spread the cost over a shorter or longer amount of time.

Pay for the project instantly

Sometimes you may not have the cash to pay for the project upfront. It therefore leaves little room for other projects. However, with leasing you can pay for both. The time you now must pay it off is a lot longer, when your cash flow is steadier. It’s the most efficient way to pay for your fit out project. It’s a bit like a salary. If you don’t pay your employees upfront, why should do the same for a large project?

Preserve existing lines of credit

With leasing you can use alternative lines of funding. Instead of using up a bank facility (maybe even one that you have used previously) you can explore other options. This keeps your choices more open and means you don’t have to use a bank as the main or only source of funding. This is especially good when applying for loans etc.

Budget easier

Last but not least, leasing goes hand in hand with budgeting. Obviously, for any business to succeed, you must have control of the business’ finances. Budgeting is one of the easiest ways to do this. Your lease agreement is paid back in fixed monthly payments over your agreed term. This means you know exactly how much is coming out of your bank account and when. This also means there will be no hidden payments or surprises along the way! It also makes it quick and easy to pay, with no hassle from your end at all. Large payments can also put you off bigger projects. However, with smaller payments you can budget and make room for that project you have been wanting to complete!

Contact Us

If you would like more information on the 5 advantages of fit out finance, then head over to our contact page on our website to speak to a member of our team. Furthermore, if you would like to talk to us over the phone then please call 01494 506 385 or email hello@fitout.finance. You can also see more over on our LinkedIn page.

hybrid working

Is your office designed for hybrid working?

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What is hybrid working?

Hybrid working is when employees split their time between working in an office and working at home. However, you can also work in other locations away from the office. This includes places like coffee shops or libraries. Whether you prefer to work in an office or away somewhere else, there is never going to be a one size fits all solution. This is why a lot of companies are now turning to hybrid working. It gives staff an option to work how they see fit, as well as keeping productivity to a high. It also ensures that companies are offering a solution for all their employees. There have been studies both for and against hybrid working, however we believe at Fit Out Finance that offering employees an option and letting them choose is the most effective and successful way.

How can Fit Out Finance help you?

Here at Fit Out Finance we are a hybrid working space. We have two business development managers, Freya and Tracey working here. Tracey works from home most of the time, however, sometimes ventures into the office for whole company meetings and nights out! On the other hand, Freya works in our High Wycombe office full time. As the world opens back up and more people meet, Freya is confident that she will be get out and meet customers, partners, and suppliers. Offering the option to both with such mixed results has been met with great enthusiasm. This is another reason why we believe this option creates more productivity!

Here at Fit Out Finance we offer leasing options to help you fund your next office refurbishment. Whether you want to open your office to include more collaborative spaces, or want to create quieter pods for working, we can help. We can provide finance for several sectors, including but not limited to office refurbishments, restaurants, warehouses, and retail.

Contact Us

If you would like more information on if your office is designed for hybrid working, then head over to our contact page on our website to speak to a member of our team. Furthermore, if you would like to talk to us over the phone then please call 01494 506 385 or email hello@fitout.finance. We hope that throughout this blog, you have been able to learn a few key points why hybrid working is becoming ever more prevalent. You can also see more over on our LinkedIn page.

What are the key points to Fit Out Financing?

What are the key points to Fit Out Financing?

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Here at Fit Out Finance, we are keen on letting clients and suppliers know why finance is so important for your furniture and/or fit-out business. We have assisted many companies with their fit out financing needs. Here at Fit Out Finance we are confident we can help you with your financing needs whatever they may be. We offer finance for office refurbishments, restaurants, retail and warehouses. However, we are not limited to this list, and so if you and your business do not fall within these industries, do not hesitate to contact us. Below are a few key points to financing your furniture and fit-out projects:

Monthly budgeting easier –

Your lease agreement will include fixed monthly payments. This makes your monthly budgeting easier, and quick for you to pay. Here at Fit Out Finance our aim is to make finance easy for you, all whilst providing you with 5* customer service.

An intelligent solution –

How would you fund a £15,000 furniture and a £35,000 fit out?

£50,000 upfront or lease the project for £1,145 per month – we know which option we would rather choose…

Flexible rental terms –

The rental terms that we provide can last anywhere between 1 to 5 years. This gives you a flexibility to create an agreement that works for you.

What are some of the assets that can be financed –

  • Prelims & partitioning
  • Furniture & fitout
  • D&B, consultancy, contingencies
  • Carpets, ceiling tiles
  • M&E & HVAC

Existing lines of credit –

This means you won’t have to use up a bank facility you already have as your main or only form of finance.

No budget constraints –

Paying back in monthly fixed payments will make it easier for you to make the right decisions. This is essential for a fit out project. This therefore means you are able to invest more money into bigger and better projects.

Contact Us

If you would like more information on what we can offer you and your business then head over to our contact page on our website to speak to a member of our team. Furthermore, if you would like to talk to us over the phone then please call 01494 506 385 or email hello@fitout.finance. We hope that through this blog you have been able to learn a few key points to financing your furniture and fit-out projects. You can also see more over on our LinkedIn page.

Sectors finance at Fit Out Finance

Sectors we provide finance for here at Fit Out Finance

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Here at Fit Out Finance, we offer finance for a range of sectors. This includes office refurbishments, restaurants, retail and warehouses. We have assisted many companies with their fit out financing needs. If you are unsure of what sectors we can help you finance for, then look no further! However, the sectors listed below and on our sectors page are not final. So, if you are in a different sector, please reach out and we will do our best to finance your project.

Office refurbishments

Here at Fit Out Finance one of our key sectors is Office Refurbishments. This is an extremely important part of fit out leasing because your work office environment is such an integral part of your business. It leaves your clients with a first impression of your business. As you know, this is key when introducing someone new to the company. Not only could it help with your clients, but your staff too.

A major refurbishment can boost your team’s morale and productivity, as well as making more space in the business. This is essential if you are thinking of expanding. This can be a large investment for your business, and so making sure it is the right one is essential. It can be the next step in your businesses life, however, it doesn’t always have to be an expensive one. This is why more and more companies are starting to lease their fit outs, spreading their cost over a certain period of time.

Restaurants

As restaurants are part of any local high street it’s imperative that your business stands out in what can be a very saturated market. In order to do this, a restaurant must be willing to move with the times and invest in the business. One of the ways to do this is to finance your restaurant. Having a restaurant that looks just as good as your food is essential! It not only helps you stand out from your competitors, but will improve customer satisfaction too. If a restaurant looks good, chances are the customer will return! As the fixtures and fittings are always changing, leasing allows you to pay for the equipment over its useful life. This means that your equipment is always of the best quality, and includes the latest technology.

Retail

If your retail store looks up to date and is fitting your company, a customer is more likely to buy from you. The clothes that you have in your store are only half of what attracts the consumer in the first place. Therefore, making sure you make a good first impression with the fit out of your shop is essential, as it is the initial thing that draws in your customers. As flexibility is also important for any retailer, being able to lease the project is a major benefit.

This means you can finance the project over a period of time, usually up to 5 years. It also prevents having to delay plans in case the business doesn’t have sufficient funds. We can help you finance a range of items. These include (but aren’t limited to) display units, CCTV and flooring. We can also help you to use a supplier of our own, or you can use a supplier of your choice. We can also include multiple suppliers for different parts of the fit out.

Warehouses

We are very happy to work alongside banks and other key lenders on warehouse fit out projects. We can often provide finance for the assets that banks refuse to. Whether you are a start-up, planning to launch additional premises, relocating, or just could do with revamping your existing warehouse. We are here to support you in whatever your business aims are. By financing your warehouse fit out, there are a number of benefits. These include preserving existing lines of credit and leasing making your monthly budgeting easier.

Contact Us

If you would like more information on what we can offer you and your business then head over to our contact page on our website to speak to a member of our team. Furthermore, if you would like to talk to us over the phone then please call 01494 506 385 or email hello@fitout.finance. We hope that with our sectors page it is clear to see why we can help you with whatever finance need you may have. You can also see more over on our LinkedIn page.

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