DON'T GET CAUGHT IN THE POS SYSTEM RENTAL TRAP!

 

Right now there are several companies that are offering “NO COST UPFRONT” Restaurant Management Point of Sales (POS) systems.  But what do they REALLY cost you in the long term?  Let’s take a look at the actual costs involved in these programs. 

 

 

Term of Contract in Years

 Cost per Station/Month

 Cost per Station/Year

 Quarterly Fee

 Total Quarterly Fees/Year

 Annual Fees

 Total Yearly Cost

 Cost per Unit per contract term

3

$ 99.00

$1,188.00

$ 59.00

$ 236.00

$   -

$1,424.00

$4,272.00

4

$ 79.00

$948.00

$ 59.00

$236.00

$   -

$1,184.00

$4,736.00

5

$ 59.00

$708.00

$ 59.00

$236.00

$99.00

$1,043.00

$5,215.00

 

  • Depending upon the term of your contract this can range from $55.00 to $99.00 per month.

  • As you see in the above table, this means that a single unit can run from $708.00 to $1,188.00 per month just to start.

  • Also included in the Contracts are the “Quarterly Maintenance Fees” these run an average of $59.00 per month.

  • That is an extra $236.00 per year cost to you.Most companies do not charge Annual Fees unless you go for a longer term contract.

  • So your total yearly cost per unit can run you anywhere from $1043.00 to $1,424.00 per year!

  • This is a total cost per unit from $4,272.00 to $5,215.00 per year.And remember this does not include the fees on your credit card processing!

 

The following table shows you just how much it will cost you over the entire term of your “Rental “Contract. You will notice that the actual cost of a single unit can run as high as $5,215.00 over the term of a 5 year contract, without processing fees added in!

 

 

Units Needed

 3 Year Contract

 4 Year Contract

 5 Year Contract

Total Cost of Systems

1

 $      4,272.00

 $    4,736.00

 $    5,215.00

2

 $      8,544.00

 $    9,472.00

 $  10,430.00

3

 $   12,816.00

 $  14,208.00

 $  15,645.00

4

 $   17,088.00

 $  18,944.00

 $  20,860.00

5

 $   21,360.00

 $  23,680.00

 $  26,075.00

6

 $   25,632.00

 $  28,416.00

 $  31,290.00

7

 $   29,904.00

 $  33,152.00

 $  36,505.00

 

REMEMBER – THIS IS A “RENTAL CONTRACT” YOU DO NOT OWN YOUR EQUIPMENT OR THE SOFTWARE LICENSE!AND MOST CONTRACTS ARE SET TO RENEW AUTOMATICALLY!