If you want to establish a laser clinic or have an establishment and want to add laser services to your wide range of offerings, your biggest investment is a laser machine. Some modern laser machines cost thousands of dollars which can dent your budget, not to mention the other costs of setting up everything. While buying a laser machine, whether for medical or aesthetic purposes, is a one-time investment, you may not be able to afford it.
Luckily, a laser rental is an alternative option that is easier on your pocket. Laser companies such as Sentient Lasers allow laser service providers to acquire state-of-the-art machines at a monthly fee. How much you are willing to invest in your laser device may determine the monthly payment.
For instance, you can estimate how many treatments you can complete per month, which is dictated by the cost of your services. In most cases, a few days of treatments can pay for the laser’s monthly fee, and the rest of your monthly income is your profit.
However, this is a risky venture, especially with a new establishment, because you are not sure whether you can provide enough treatments to cover the monthly fee and earn a profit. So the big dilemma is, do you rent or buy a new laser machine?
Renting a laser
When establishing a new business, maintaining a healthy cash flow is more important than solely focussing on the overall costs. Keep in mind that your monthly profit equals your monthly income minus the expenditures. That could give you a good idea of how well your company performs and whether you can afford a new laser machine.
Starting a laser clinic is expensive, which is where laser rental options come in. A laser rental can free up capital, allowing you to invest in another critical area like marketing your laser services.
Therefore the best time to rent a laser is if you are starting a laser clinic or operating a small-scale clinic. Renting the machine gives you more flexibility in investing your capital, and you may benefit from other perks like discounts on consumables for the laser.
Buying a laser
If you run a well-established clinic and wish to add laser treatments to your long list of offerings, you may be able to afford to purchase a laser machine. Luckily, laser vendors provide flexible payment options like monthly installments to make it easy for you to invest. However, you may pay more for your laser in the long run.
Furthermore, you may need to expand your clinic and treatment areas, market your laser services, and increase staff. In that case, renting a laser may be an ideal option.
It is advisable to evaluate:
- The size of your establishment.
- Demand for laser treatments.
- Your capital.
- Long-term goals.
These evaluations can help you decide which is best between buying or renting a laser machine. Buying a laser is not a small investment, and laser rental gives you more flexibility since you only have to incur a monthly fee for access to a state-of-the-art laser machine.