We aren’t the type to sugar coat your journey ahead into the world of hospitality. With the excitement and satisfaction will come plenty of challenges, and with any reward comes a level of risk. We know that sometimes factors outside of your control can affect your business, even the profitable, well established and most prepared.
Though it might not always be a cruisy ride, it’s not all risky business (ok, we’ll stop with the Tom Cruise puns). Or at least doesn’t have to be. We’re here to share how you can minimize your risk by using Rent-Try-Buy to fund your kitchen equipment.
Unlike a bank, financier or leasing product Silver Chef partners with you in the risk of your hospitality business. We back our funding product, and we back you, as unlike a lease the equipment lies on our books not yours.
The equipment that you rent be it restaurant equipment, commercial equipment or even our Certified Used equipment becomes an operating expense to your business meaning that payments are also tax deductible*.
Also, renting your equipment won’t affect your ability to grow when you seek further funding, as leasing or financing equipment can. When you lease, the equipment sits on your books as both an asset, and a liability. Banks will consider this figure along with other debts as your total liability when you seek further funding to grow or expand your business. When you Rent-Try-Buy equipment, you get all the benefits of using the equipment, but the liability is our problem! We are your risk partners after all.
But here’s the silver lining. With Silver Chef as your risk partner, you can rest assured your equipment won’t become a financial headache during a difficult time. In 30 years we’ve seen it all and just as we help businesses start up and succeed, we help when times get tough too. We’ve helped business owners through many a crisis including fire and flood and done whatever we can to get them back on their feet. It’s just what we do.
Silver Chef truly gets the challenges of restaurants and hospitality. We have developed a product that is FOR your industry, not the other way around. We’re here to help as your partner in the exciting journey ahead.
*In most scenarios. Please consult professional advice to assess your own circumstances with regard to taxation.