Offer franchisees something extra with Silver Chef's hospitality equipment finance solution

Franchisors within the hospitality industry are part of a fast growing Australian business sector, however the sector is also highly competitive as franchisors all vie for the best franchisees to add value to brand.

Silver Chef  is a hospitality equipment finance company that gives franchisors a little something extra to offer in their franchise package. Silver Chef have tailored a smart and flexible solution specifically for businesses in need of funding for hospitality equipment or fitouts.

Unique to the marketplace, the Silver Chef Rent-Try-Buy Solution allows franchisees to save hard-earned working capital, rather than spending it on depreciating assets. Furthermore, if they do choose to exercise their option to buy, Silver Chef will reduce the purchase price by 75% of the rent they’ve already paid.

Silver Chef also offers extra hospitality equipment finance benefits for Silver Chef Accredited Franchises. A Silver Chef 'Franchise Accreditation' allows franchisors to give existing and prospective franchisees access to a number of additional benefits, including:

• preapproval
• a reduction in the rental security bond
• a dedicated Silver Chef customer service representative; and
• a 25% rental discount for franchisees who wish to continue renting after 24 months.

It is easy to become a Silver Chef Accredited Franchise and take advantage of the hospitality equipment finance benefits it offers. Simply complete an application form on the Silver Chef website and provide a copy of the Disclosure Document. A National Franchise Manager will then be in contact to arrange a meeting.

Silver Chef's Rent-Try-Buy hospitality equipment finance solution has assisted many franchisors to roll out new equipment across entire networks. This is because it makes it infinitely easier to encourage franchisees to invest in new equipment. Franchisors enjoy a much higher uptake percentage and much less franchisee resistance.