Buy Back

Extract cash from your restaurant equipment and inject it into your business.

HAVE YOU purchased restaurant equipment recently? And is your business facing difficulties with cash flow?

If that’s the case, our ‘Buy Back’ offer might be the answer to your problem.

Buy Back is designed to alleviate your cash-flow pressures by giving you swift access to capital from an often-overlooked source: The funds tied up in your equipment. 

Not only can you keep using your equipment, you also get a wad of cash to help you pay for operational expenses, clear debts, reinvest in your business, or cushion the impact of future financial surprises.

How it works

01

We buy your equipment

We buy your eligible equipment, providing you with a one-time cash payment that you can spend in your business as you see fit.

02

You rent it back from us

You rent the equipment back from SilverChef as part of a 12-month Rent–Try–Buy agreement.

03

You choose from several options

Over the course of and/or at the conclusion of the agreement, you have several choices, including upgrading the equipment, buying it, returning it, or continuing to rent it.

01

We buy your equipment

We buy your eligible equipment, providing you with a one-time cash payment that you can spend in your business as you see fit.

02

You rent it back from us

You rent the equipment back from SilverChef as part of a 12-month Rent–Try–Buy agreement.

03

You choose from several options

Over the course of and/or at the conclusion of the agreement, you have several choices, including upgrading the equipment, buying it, returning it, or continuing to rent it.

Equipment we'll buy from you


Looking to sell used restaurant equipment? We'll purchase from you most types, makes and models of standard equipment that:

  • has a market value of $1,000 or more
  • has a data plate, including a serial number
  • is free of debt (i.e. unencumbered)
  • if more than six months old, is on our 'Buy Back accepted brands' list.

For more information, contact us.


What we'll pay for your equipment


If your equipment is this old...


We'll pay you this much of the original invoice amount...^


Less than 6 months

90%

6-24 months

Up to 80%

More than 24 months

Up to 65%

^Subject to the condition of the equipment

HOW TO

Release the funds tied up in your equipment

Apply
1

Apply

You apply for Rent–Try–Buy funding by calling us at 1–844–283–7844.

Send documents
2

Send documents

You send us:

  • the original invoice from your equipment supplier
  • an invoice from your business charged to us and containing your account details 
  • photographs of your equipment. 
Get paid
3

Get paid

Upon approval of your Rent–Try–Buy funding and verification of your equipment’s eligibility, we buy it from you and transfer the funds to your designated bank account.

Start
4

Start

You start making manageable, weekly rental payments for the equipment as part of a 12-month Rent–Try–Buy® agreement.

Frequently asked questions

How does SilverChef determine the valuation for used restaurant equipment?

The amounts we pay for used restaurant equipment under our Buy Back initiative (see table above) are based on the equipment’s:

  • original invoice price
  • age
  • current market value
  • make and model
  • condition.

What information must be included on the equipment supplier’s original invoice?

For us to accept the original invoice, it must include the:

  • supplier’s particulars (business name, business number)
  • model number and/or item description
  • serial number
  • cost.

Which bits of my equipment do I need to take photographs of?

To help us identify the equipment and assess its condition, please take pictures of the equipment’s:

  • data plate, showing make, model, serial number, and date of manufacture
  • accessible sides
  • accessories
  • interior. 

If the equipment is older than six months, we may also request a 20-second video demonstrating the equipment in operation.

Does SilverChef need to examine my equipment before purchasing it from me?

No — we do not conduct physical examinations of equipment. We’ll instead rely on the information, photos and, if necessary, the video you send us to decide whether your equipment qualifies for Buy Back.

Am I required to provide you with the equipment’s service records?

Depending on the age and condition of the equipment (as revealed in the photographs you’ve sent us), we may request its service records.

Can I upgrade the equipment SilverChef buys and rents back to me?

Yes — however, how soon you can upgrade the rental equipment is dependent on how old it was when we bought it from you, as follows:

  • Less than 6 months old: You can upgrade the equipment whenever you want to.
  • 6–24 months old: You can upgrade the equipment after renting it from us for a minimum of 6 months.
  • More than 24 months old: You can upgrade the equipment after renting it from us for a minimum of 12 months.

(The waiting periods are exceptions to the rule: If you Rent–Try–Buy new or ‘Certified Used’ commercial kitchen equipment through us, you can upgrade it — exchange it for something bigger or better, or completely different — whenever you want to.)

Still have unanswered questions? See all our FAQs

Our finance approval rate is over 96%

Use the equity in your equipment to boost your business’s cash flow!

Call us at 1–844–283–7844

1 844 283 7844