Recently we’ve been helping quite a few owners of new cafes and hotels with their venue set up. One of the comments that regularly comes up is cash flow and the high cost of purchasing hospitality equipment. So we thought we’d look at the benefits of Silver Chef’s Rent-Try-Buy® option.
Who is Silver Chef?
Silver Chef is Australia’s only dedicated hospitality equipment funder. For over 30 years they have helped more than 30,000 customers, from start-up cafes to restaurants and hotels, obtain the equipment they need.
Rent it before you buy it
Silver Chef helps businesses procure hospitality equipment through a Rent-Try-Buy® funding option. This involves a 12 month rental agreement with several flexible options.
- Purchase at any time and receive a 75% net rental rebate on payments made in the first year.
- Upgrade at any time, as long as the equipment is like-for-like and bigger and better.
At the end of your agreement you can:
- Rent with no long-term agreement
- Return the equipment with no further obligations
- Choose from one of the End of Term Options. These are known as loyalty offers where you can work toward ownership and receive a discounted weekly rental price.
So what hospitality equipment can you obtain through the Rent-Try-buy arrangement?
What hospitality equipment does Silver Chef fund?
Silver Chef will provide Rent-Try-Buy® funding for a range of hospitality equipment, including:
- Coffee equipment
- Refrigeration
- Dishwashers
- Cooking equipment
- Grills
- Stainless steel cabinetry and cold rooms
- Table top and furniture
- Point of sale equipment.
If this sounds like the equipment you need, but you’re not sure if Rent-Try-Buy® is for you, consider the benefits.
Benefits
The Rent-Try-Buy® option has many benefits that purchasing outright probably can’t provide.
- No large capital outlay.
- Helps with cash flow at the start of your business (or whenever you need to acquire, replace or upgrade equipment).
- Helps you manage your budget and stay on track with finances.
- Frees up funds to invest in growing your business, such as marketing or menu development.
- *Frees up cash flow.
- *Off balance sheet funding so it doesn’t affect your borrowing ability.
- *100% tax-deductible rental payments.
*As with all things financial, legal or tax related, please seek the advice of a professional.
One of the reasons we like the Silver Chef Rent-Try-Buy® funding option is its simplicity.
Getting your hospitality equipment is quick and easy
Silver Chef has streamlined their process to 4 steps.
1. Apply for funding by phone or online – Silver chef approves most applicants within 24 hours.
2. Choose your equipment – Silver Chef can recommend an equipment dealer from their national network.
3. Get your equipment – Once your application is approved, your equipment dealer will finalise your order and arrange delivery. If you have owned your business for over 2 years, you’re not required to pay a security bond. For all other applicants, a 6 week security bond is required.
4. Start your 12 month agreement with Silver Chef’s low weekly payments.
If you’re not sure what hospitality equipment you need, contact us for a realistic and pragmatic discussion about your needs.
Whomix can help with setup & equipment selection
Members of our team have been working in hospitality industry for more than 20 years. Our team has a wealth of information on venue set up, and choosing the right equipment for commercial kitchens and front of house.
If you would like more information, please contact a member of our friendly team. Phone (02) 9052 9111