Benefits you may already know

• Low hourly rental rates. The more you use the cheaper it gets.

• You pay for what you use. No hidden costs.

• No long term leases or contracts ever.

• No directors’ guarantees required.

• Free up your valuable working capital by not spending on equipment.

• All periodical maintenance and deep cleaning done by us at no additional cost.

Benefits you may not know

• The ability to try your business idea before you invest.

• The ability to better invest your money in areas that actually grow your business such as more staff and marketing.

• Renting is 100% tax deductible and off ‘balance sheet’, meaning it doesn’t affect your capacity to borrow for future expansion.

• Our kitchens are available 24/7

• Fix your property and utility costs to stay on top of your business expenses. Helping you with better forecast and budgeting.

Benefits to start ups and young businesses

As a start up business in the hospitality industry, getting a loan from the banks is not easy. When banks perform a risk assessment on the business they are frequently overly selective. Their requirements, such as unachievable levels of turnover are so strict that most young and growing businesses cannot meet them. Cooking Space help businesses overcome the challenge of acquiring finance by freeing up working capital that normally is required for a property.

The first year of starting a business is an uncertain time. Business is tough. Working capital is precious. Restaurant and catering businesses need the flexibility to keep their options open. What we do is help businesses achieve their potential by ‘keeping their options open’ and preserving their cash to grow their business.

Inexperienced and unaware of the ‘hidden costs’ involved with business start-ups, young and growing food businesses suffer when they underestimate how much working capital is necessary to keep the business afloat in the first year especially if it is tied up tied up in depreciating assets like kitchen fit-out and equipment. Cooking Space lowers this risk by minimizing start-up costs.