If you operate an aesthetic business, getting the best IPL machine or laser hair removal machine for results-driven treatments is probably one of your top priorities. IPL hair removal remains one of the most versatile and popular treatments on the market today. However, it can be expensive to buy all the equipment you need upfront, especially if you’re just starting out.
Business owners need to keep meticulous record of a litany of expenses in the initial stages of business. Renting an IPL/laser machine instead of purchasing outright is a solution that can help you streamline your operations, as well as free up cashflow, so that you can invest your money towards improving other services and core functions.
In these trying times of COVID19, when businesses are barely managing to stay afloat, it is very important to get a hold of your cash flow. At the same time, it is important you don’t sacrifice quality for price. Every individual seeking cosmetic treatment these days wants to be assured that the machines used on them are high enough quality to achieve the treatment outcomes they desire. If you skimp on your treatment offerings because of financial constraints, you end up losing a lot of business in the long term and gain unsatisfied customers. Instead, you are better off if you rent a laser hair removal machine on a short-term basis with a flexible contract. This method allows you to offer top-of-the-line services that your clients desire, while not being locked in to lengthy and expensive payment terms.
There are several benefits to rent a laser machine. To name a few-
Tailor to client demand
Cosmetic procedures are more in demand than ever, and this growing popularity is bound to lead to more diverse clientele. Every client has different needs – it is up to you to accommodate them. Technology is always on the path of evolution, and this is no different in the aesthetic industry. If you have already invested heavily on a laser machine, it may be challenging and financially constraining when it comes to the time to upgrade it. However, when you rent a laser machine, you are not locked in. Should circumstances change, simply return your rental machine at the end of the rental term. This way you are able to accommodate your clientele’s growing and diverse demands and get access to the latest tech on the market.
Tax and other financial benefits
When you rent a laser machine it is 100% tax deductible. The lease of your device will reduce your taxable revenue by equal parts. Since lease payments are operating expenses, they do not appear as a liability on your balance sheet. This will help your financial and liquidity ratios. The boosted financial ratio is a side benefit that can come in handy should you ever wish to sell your business.
Grow your business faster
Rental options offer flexibility, agility, and an increased scope for growth. It is the perfect way to add on treatments and procedures to your list of services without the hassle of calculating all the financial costs of equipment ownership: depreciation, maintenance and other associated costs. Furthermore when you rent a laser machine instead of buying it, it gives you the option to test your audience and understand the demand for the services you offer. It may help you achieve ROI immediately since your device pays for itself. If you go all-in initially, you risk overestimating the demand. On the other hand, with the extra cashflow you free up from renting instead of buying, you can enlist even more treatments and procedures.
Moreover, renting allows you to go in for the latest options. If you are renting a laser machine and there is a new one that comes out with better features, you have the option of switching over easily. This not only helps you financially but also enhances customer loyalty. Customers these days are savvy – they like to know about the treatments they undergo in detail. When you use top-of-the-line laser machines for treatment, they will appreciate your approach.
When you rent a laser machine with Aesthetic Bureau, you save on the heavy upfront costs, installation costs, service and maintenance costs, training fees, and so much more. All the risks associated with equipment ownership is mitigated since the renting company bears all the costs that come your way in terms of servicing the device, breakdown over the years, and replacement if necessary.
When you rent a laser machine, you will get fully operational and serviced equipment. You won’t have to worry about keeping up with maintenance costs, repairs, and any other expenses incurred to keep the laser machine in full working order. When you buy a laser machine outright, it is your responsibility to regularly get it serviced, pay for repairs and replacements, and maintain it.
The decision to rent or buy can make or break a business, and you must weigh all the pros and cons associated with both sides and make an informed decision.
If you feel that you are in the right position to rent a laser machine, you may want to look to Aesthetic Bureau as your device provider. With over 30 years of experience, ISO 13485:2016 certification, and devices included in the Australian Register of Therapeutic Goods (ARTG), you can be assured we put patient safety and compliance first when you partner with us.
Connect now with our seasoned executives to find out how we can help you.