What if Restaurants Don’t Want to Invest in a POS System?

Bar and restaurant owners and managers need all the help they can get to run their restaurants. If you ask, they’ll let you know that time and money are always in short supply as they navigate the various tasks and essentials. They’re constantly looking for ways to reduce fees while increasing their productivity.?

That's why VARs (value-added resellers) are so helpful. VARs have the knowledge and experience to direct clients to find the most cost-effective and efficient tools for payment processing. Restaurant owners may not know all their options and feel their only choice is to commit and purchase a POS system.

Many restaurants find that investing in a POS system is the best idea for their business, as it provides their establishment with the system they’ll use for years. Others simply don’t want to invest in one because they don’t have the cash to buy it outright.

Fortunately, they can use other effective options in the marketplace for obtaining a POS system. Providing your clients with alternatives to the traditional purchase of a POS system can help them discover and use financial resources in the best way for their restaurant.?

POS System Purchase Alternatives

POS systems are commonly used for ordering, inventory control, payment processing, and data storage for bars and restaurants; however, buying a POS is not for everyone. A POS system is useful because it allows restaurants to accept payments and keep track of sales and other data.?

As you are helping your clients find the best resources for accepting and managing payments and running their restaurants, it’s important to share the benefits of POS purchase alternatives. Alternatives to POS systems are an investment. However, these alternatives can help them jumpstart their restaurant, regardless of whether they can invest in a POS system upfront.?

Cash Advance

If restaurants don’t have the funds to purchase a POS system, a cash advance alternative might be a great option. Obtaining a business cash advance can give them the money they need to buy and maintain their system without having the capital upfront.?

With a cash advance, bars and restaurant owners can get the funding they need to obtain their POS system. Their system should then provide them with enough Return on Investment (ROI) to steadily pay their cash advance and make a profit.?

A cash advance is a great option for new restaurants without the money to outright buy their POS systems but who see the value in ownership.?

POS Solution Leasing

There are plenty of restaurants out there that aren’t interested in buying a POS system. They may not be ready to take the plunge as they get their restaurant off the ground, or perhaps owning a POS system doesn’t mesh well with their business.?

If your clients don’t want to buy a POS system, suggest leasing as an alternative. This option enables them to utilize all the benefits of a great POS system without the large upfront costs. Leasing a POS system will give your clients monthly payments for the duration of the lease until it is renewed or they opt for purchase.?

While this option may cost more over time than simply buying a POS system, it could be helpful if customers are starting their restaurants, don’t have the money to invest out of pocket, or simply don’t see the value of investing in their own yet.?

An example would be the Total Touch Bundle and PayBack Program. This bundle includes everything a restaurant needs to improve efficiency and profitability.

POS Subscription Models

Another option for bars, nightclubs, and restaurants is the POS SaaS model. This subscription-based hardware and software for point-of-sale service help restaurants reduce upfront costs and gives them all the support and service they need for a small monthly fee.?

With SaaS model POS, restaurants don’t have to purchase software, hardware, and other components of POS systems. Instead, they can access everything they need through a monthly subscription.?

This is a great way for new restaurants to get started without the additional expense of buying a POS system. It’s also a useful option for those not ready to invest in a POS system.?

Why buy when you can get a POS starter bundle with no up-front cost from Total Touch POS?

Choose the POS Model that’s Right for Your Restaurant

Restaurant owners need an effective way to manage their business, process payments and sales, and store customer information. However, they may not want or be able to invest in a POS system upfront. They can find the best option for getting their POS system without upfront funds through a cash advance, leasing option, or subscription model.

Restaurants can use these alternative options to get a POS like Total Touch Point-of-Sale, the most effective system to process payments, increase sales, and manage data.

Total Touch POS is an easy-to-use restaurant management solution designed by restaurant owners to meet bar and restaurant owners’ distinct management and operational needs. Total Touch is the only hybrid POS that can help VARs grow your business while equipping owners and managers to manage staff, reduce costs, and increase profitability when staff shortages and rising prices make hospitality operations challenging.

We’ll put our money where you need it most: Schedule a demo to learn how to get a POS system for your bar, restaurant, or nightclub using a cash advance, leasing option, or subscription.