How much does Restaurant POS system cost
This article will introduce you to the complexities of Point of Sale (POS) system prices and give some examples of the costs you can expect to pay for a POS system in various industries.
POS systems are used by all manner of businesses - and for a number of different reasons. Apart from their obvious financial processing capabilities, they can be used by merchants of all sizes to understand which products sell well and which don't, which sell together and the times when sales are typically made.
They can also be used for the implementation of loyalty programs and targeting customer advertising. Indeed, due to their sheer versatility, a POS system, regardless of cost, will initiate an immediate return on investment for any firm.
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How Much Does a POS System Cost?
Depending on the functionality required, point of sale systems can very dramatically in price. You can get a very simple cash register for $100 or less, right up to , 000 or more for a sophistaicated, technically advanced system. One thing to consider is whether you are simply purchasing the hardware (the cash register) or if you need payment software too.
Some companies offer deals that allow you to purchase the machinery for a reduced price if you pay to use their software at a monthly cost. These monthly subscriptions can range from $40 per month to hundreds of dollars per month depending on the level of service and quality of software offered.
How Much Does a POS System Cost in Different Industries?
| Industry | High-end | Basic |
|---|---|---|
| Restaurant | $2, 000 | $700 |
| Grocery | $4, 000 | $49/month |
| Salon | $3, 300 | $29/month |
| Bar | $2, 300 | $550 |
The table above shows some of the typical costs you could expect to pay for POS systems in different industries. These are just example costs and the actual amount will be dependent on your business's size, location and requirements.
For a more in-depth look into the average POS costs for each of these industries, see the sections below.
