Being in the hospitality industry for years, Industry Kitchens knows that hefty upfront costs for catering equipment purchases have hindered many culinary ambitions. But thanks to our long-standing relationship with Silverchef (Australia's specialists in hospitality equipment finance), we ensure our clients receive market-leading finance options for their businesses. 

Are you purchasing new catering equipment items, like ice cream machines and coffee grinders? Or perhaps replacing outdated food cooking equipment such as pizza ovens or deep fryers? While these appliances can hugely dent your working capital, Silverchef's Rent-Try-Buy and other finance lease products allow you to get top-notch commercial kitchen equipment on affordable and flexible rental agreements.  

Table Of Contents:

  • Understanding SilverChef Rent-Try-Buy Catering Equipment Scheme

  • Exploring Other Financing Options with SilverChef

  • Benefits of Choosing Silverchef for Commercial Catering Equipment Financing

  • Choosing the Right Finance Solution for Your Business

  • FAQs about Silverchef

  • Conclusion



A commercial kitchen with various kinds of equipment

Understanding SilverChef Rent-Try-Buy Catering Equipment Scheme

The Rent-Try-Buy initiative from Silver Chef changes how the hospitality sector acquires its kitchen appliances, making it significantly easier to manage finances without a substantial initial investment. 

Rather than outlaying a huge sum upfront, you can spread the cost of your commercial equipment over low weekly rent payments. 

Payments are predictable and 100% tax deductible too.

This is the most popular choice by businesses, thanks to its flexible 12-month rental agreement, perfect for those wanting to try the equipment before committing fully.

Not only that, but you can also do the following at any time during the rental term:

  • Upgrade to the same or different equipment with equal or higher value.

  • Purchase the equipment outright with 75% of your net rental rebate deducted from the purchase price.

At the end of your 12-month contract, you can also:

  • Opt for Silverchef's Easy Own scheme to acquire ownership without high investment costs.

  • Continue renting the equipment.

  • Return the equipment to Silverchef.

Exploring Other Financing Options with SilverChef

With SilverChef, you can get the commercial kitchen equipment you need now. And free up your cash flow for more important things like running and growing your business.

But Silverchef doesn't just stop at Rent-Try-Buy. They offer various finance options to suit different needs and preferences, such as the following:

Lease-to-Keep

Silverchef's lease-to-keep option is perfect for those who want to own the equipment but need to manage costs effectively.

Under this scheme, you can make low lease payments for a fixed month term (24 to 60 months) towards equipment ownership 

Buy Back

If you already own equipment, but need cash, the Buy Back option is your best bet. Silverchef can purchase your existing catering equipment model and lease it back to you, converting your assets into cash without disrupting your operations.

Silverchef can pay for the used equipment as long as it fits their requirements. For more information about what they accept, you can visit their official website.

Commercial kitchen baking equipment

Benefits of Choosing Silverchef for Commercial Catering Equipment Financing

To date, Silverchef has helped over 16,300 hospitality businesses secure the equipment they need. From coffee machines to combi ovens, they've got you covered.

Let's look at how Silverchef rental and financing programs help new and existing business owners.

Improving Cash Flow Management

With Silverchef, you can improve your cash flow management by spreading costs over low weekly rental payments.

It gives you the reins, smoothing out your financial forecasting and oversight.

Flexibility in Changing or Buying Equipment

Need to upgrade your equipment in the first 12 months? No problem.

Silverchef provides flexibility to swap or acquire equipment, guaranteeing your kitchen arsenal is always equipped for success. 

Off-Balance Sheet Liability

Leasing kitchen equipment through Silverchef means that the rented/leased equipment doesn't appear as a liability on your balance sheet. 

This can improve your financial ratios and make your business more attractive to investors and lenders. 

Tax Deductions

Silverchef's lease payments are generally 100% tax deductible, providing broader tax benefits and lowering the equipment's effective cost. 

It's important to talk with your tax advisor to help you maximise these benefits and provide you with clear illustration comparison purposes.

Pre-approvals up to $65,000 Available

Plus, with pre-approvals of up to $65,000 available, you can dream big for your commercial kitchen.

Commercial kitchen set up with oven and fridge

Choosing the Right Finance Solution for Your Business

When it comes to financing commercial kitchen equipment, you've got options. But which one's right for your business?

Here are a few considerations when selecting an equipment financing solution:

  • Determine what equipment you need and how long you'll need it.

  • Consult with catering equipment financing specialists or your tax advisor for equipment and accounting advice.

  • Clarify flexibility and payment terms offered.

  • Verify equipment category, type, and condition.

  • Identify potential maintenance costs over the service schedule.

  • Check the speed and simplicity of the application process.

  • Track record and reliability of the hospitality equipment financier.

How to Get Started with SilverChef

At Industry Kitchens, we want the best for our clients. And with our partnership with Silverchef, your application becomes as easy as 1-2-3.

Here's how:

  1. Prepare your ABN, driver's license, and Medicare card.

  2. Complete the required details needed in our website form.

  3. Wait for at least 10 minutes to receive approval.

Choose your equipment from our comprehensive list before applying. You can also fill out our enquiry form to learn about the right finance solution. 

You can also use the Silverchef rental calculator tool to get quick payout quotes for different rental terms or financing lease payments.

FAQs about Silverchef

Who owns Silver Chef?

Silver Chef is owned by Next Capital, a leading private equity firm that focuses on investing in growth-oriented businesses.

How does Silver Chef work?

Silver Chef allows you to rent commercial kitchen equipment with an option to buy. You make weekly payments, ensuring a smooth and flexible cash flow for your business.

Conclusion

Silverchef financing can help you achieve your hospitality dreams without bleeding your wallet. With various catering equipment financing solutions available including the Rent-Try-Buy option, you can avoid cash flow headaches while getting the quality gear you need.

And let's not forget about the flexibility on offer - owning, returning, continuing renting, or upgrading your equipment as your menu evolves has never been easier or less binding. 

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