Financing To Meet Robot Business Needs

There are those of you that have made the jump into the realm of robotics already, and there are those of you that are now realising what a force this industry will continue to be across the economy in the future.  Finance, however, will always be an issue, and her we look at financing to meet your robot business  needs.

Most people think that the robotics industry is only reserved for the automotive world and big production lines. This may have been true years ago, however, with easy programming methods, adaptive robot grippers and flexible robots, the use of robots in small to medium-sized businesses is commonplace today.

Robot business needs

Automated robotic systems can be very affordable.

There are three things to think about when considering the cost of automation. Robot cost, reconditioning, and the return on investment (ROI).

Robot cost
New robots complete with controllers and teach pendants, cost between £37,000 -£60,000. Once application-specific peripherals are added, the robot system can cost between £75,000 – £120,000.

Used robots are the least expensive option. Used robots range from £18,000 – £30,000 and systems with application components cost between £37,000 – £56,000.

There are many benefits to buying a refurbished robot. The main difference is the price. Customers can save anywhere between 30-50% sometimes more when choosing a refurbished option. RNB Robot Solutions specialise in high quality reconditioned robots that are all supported by our 90-day warranty.

Return On Investment
The real savings in automation costs starts after the initial investment. Robotic automation eliminates a number of costs associated with labour, accidents, insurance, and vacation time. Plus, production numbers increase with the efficiency of industrial robots

Every manufacturer can benefit from putting robots to work.

Many business owners delay capital equipment purchases until they have the cash in hand to pay for it. While that may be a sound strategy, paying cash for these new business items could drive down your profits. While you may have paid off your machinery, you’ve also stripped yourself of one of the biggest secrets to business success – Free Cash Flow.

While cash may be the right decision for some, many successful business owners still choose to retain cash for marketing and payroll purposes, and when the situation is right, they make investments that earn a better rate of return. Whether you’re looking to purchase a single robot or an entire factory’s worth, it’s wise to consider financing as an option.

There are many advantages to finance, regardless of the stage of your business. For a startup, borrowing money can ensure enough capital is available to bridge the gap between the time it takes to open the doors and to being in a position to benefit from a regular profit. For an established business it can be the difference between treading water and the next big growth opportunity.

RNB Robot Solutions understand the many challenges businesses face and offer financing solutions that meet their expectations regarding flexibility and simplicity. We work with carefully selected partners who provide short and long-term solutions which are tailored to meet individual business needs.

Interested in learning more about what the addition of automated robotics can do for your company, and how we can help meet your robot business needs? Contact RNR Robot Solutions or call us on 07930 335185.