As the owner of a restaurant, you must make decisions about the location of your restaurant and the equipment and furniture needed to operate your restaurant. Would you prefer to buy or lease your building? Also, discuss whether you would prefer to buy or lease your equipment and furniture. What benefit do you see in your choices?

One paragraph, single spaced, will suffice as long as you answer the questions above

Answer preview

A restaurant is a capital-intensive business where one must invest in constructing the building as well as buying equipment and furniture heavily. This means that the startup cost of buying all these required items is very high. Taking this into consideration, the best I would prefer leasing other than buying the restaurant building, furniture and equipment.   Restaurant equipment, furniture, and the building get more wear and tear as well as frequent repairs because they are frequently used, making…