-
-
About SilverChef
Menu
-
-
About SilverChef
Whether it’s always been your dream to open your bar, or you’re a seasoned operator, SilverChef can help you get the commercial bar equipment you need to start up or expand – without tying up all your precious capital. Get those cocktails flowing with quality bartending equipment that won’t break the bank.
Rent-Try-Buy® is a 12-month rental agreement, allowing you to try commercial bar supplies before you buy. Finance new or used commercial bar equipment and enjoy unrivalled flexibility when it comes to owning and managing your bar.
Perfect when you know what you want, Lease-to-Keep gives you the commercial bar equipment you need now, with low monthly payments spread over four years. At the end of the term, the bar equipment is all yours. Simple.
SilverChef has finance options designed specifically for franchises so you can limit your upfront costs while setting up your commercial bar equipment. Give yourself the best chance for success for your bar franchise.
'SilverChef has kept me open by encouraging me to keep the capital and use it on the cool things that make my businesses so successful, like the interiors or the fit-out. With the renovations already taking up most of the time and budget, it would have been an even longer wait to save for the equipment purchases as well.'
- Nick Inkster, O.G.B Bar & Cocktail Lounge
Our customers are the heart of our business
There’s no obligation to finance with SilverChef as a result of completing an application. We also won’t run any credit checks without your permission.
Starting a bar or nightclub is an exciting prospect and no small feat. You want to start on the right foot so you are building your atmosphere and serving the best cocktails, beer and wine to build your customer base as quickly as possible.
This is only achievable with quality commercial bar equipment that will help your workflow. SilverChef provides good quality, stringently tested, commercial bartending equipment to get you started without massive upfront costs.
Some crucial bar supplies include commercial freezers and fridges; pass through and under counter dishwashers; glasswashers; ice machines and beverage dispensers to name a few. Browse our extensive range of used commercial bar equipment and get started with the right equipment to drive your success.
So, you’ve decided to take the plunge and open your own bar or nightclub. The first thing to do is talk to a financial institution of your choice and secure a business loan for covering operating costs, renovating and wages.
SilverChef can help alleviate the financial strain by taking the cost of commercial bar equipment off the initial capital outlay. If you're looking for flexibility, and you're not 100% sure of the correct size and model of commercial bar equipment you're choosing, you could opt for our Rent-Try-Buy product, which allows you to try the equipment in your bar before you decide whether to buy, upgrade or return.
If you know what you want, you're financing more than $10,000 of commercial bar equipment, and you've been in business for more than 12 months, you could choose our Lease-to-Keep option. With Lease-to-Keep you choose your bar equipment, make monthly payments over a four-year term, and own your equipment at the end.
As the renter or lessee of the bar equipment, you are responsible for properly insuring it, and arranging and paying for all servicing and maintenance on the bar equipment. If your commercial bar equipment breaks down this is a manufacturer warranty issue and you will need to contact the manufacturer to arrange repair or replacement as per their terms and conditions.
Renting new or second hand bar equipment can be a good alternative to buying outright for a number of reasons. Firstly, there are a lot of costs involved in setting up and running a bar, so choosing to rent new or used bar equipment can leave you more money for running your business and other expenses.
Secondly, there may be tax benefits to renting commercial barware – it’s important you discuss these with a qualified tax advisor before making any decisions.
Finally, with SilverChef’s Rent-Try-Buy you get additional flexibility over typical barware rental products. You can decide to upgrade your commercial bar equipment in the first 12 months if you need something bigger and better (in the same equipment category e.g. upgrade rented fridge to a bigger fridge); you can also decide to purchase it and get a 50% gross rental rebate on your payments so far (up to 12 months).
At the end of your 12-month contract, you can decide whether to keep renting your new or used bar equipment, work towards ownership, or return. Please note that if you decide to purchase your bar equipment after the end of your 12-month term, the net rental rebate drops to 25% after 12 months.
The difference between leasing and renting has to do with the length of term – with the length of a lease typically being longer. SilverChef offers a rental product, Rent-Try-Buy; and a finance lease product, Lease-to-Keep. They are different in several important ways.
With Rent-Try-Buy, you rent your new or used commercial bar equipment and make weekly rental payments for a 12-month term, while retaining the option to purchase your bar equipment or upgrade it during the term.
At the end of the 12-month rental term, you can return or continue renting the equipment.
To choose Lease-to-Keep, you must have been trading for a minimum 12 months, and be financing a minimum of $10,000 in commercial bar equipment. You sign up for a 48-month term, make monthly lease payments, and at the end of the term you own the bar equipment (providing the last payment has been made and you are not in breach of the agreement).
When you choose Rent-Try-Buy to finance your new or second hand bar equipment, it’s a good idea to be sure that you’re happy to rent it for the full initial 12-month contract (with the option to upgrade or purchase during the term). This is because, if you decide to return your bar equipment before the end of the term, you will still be required to pay all the unpaid rental payments up to the end of contract term.
