Bringing success to one food franchise at a time
Silver Chef is a hospitality and equipment finance company that bridges the gap between success and hospitality franchises. They are dedicated in helping starting food and beverage franchisees in funding equipment and fitouts related to the hospitality space.
For the past 25 years, Silver Chef has acted as the point of difference for many starting food and beverage franchises in helping solve the two key challenges in franchising, in which franchisees have trouble accessing the finance they need to get the business open and helping franchisors solve the recruitment issue in finding quality franchisees.
Silver Chef offers pre-approve funding for accredited franchises, which allows the franchisor to have access to funds for their prospective franchisees. This helps franchisors ideally recruit people that are right for their business rather than those that might have the money.
The biggest benefit in Silver Chef’s funding services is its flexibility. Instead of being locked in to a 4 – 5 year lease, franchisees are provided with a minimum 12 month term that can go on as long as they need. Franchisees also have the option of returning equipment even though it has been bought and financed with Silver Chef.
At the end of the 12 months, if the franchisee discovered there was a bit of equipment that was unsuitable for the business, made the wrong choice or is no longer required, they can return it Silver Chef with no financial penalties or obligations.
If a franchisee decides to buy out then 75 percent of the payments they’ve made within the 12 months gets rebated back and comes off the purchase price.
Many franchisees are referred to Silver Chef’s funding and equipment service through their franchisors. Other avenues can include word of mouth, franchise expos, franchise publications and digital directories, including FranchiseBusiness.com.au
To find out if Silver Chef’s service is right for your franchise, visit their website or send them an e-mail.