Renting your restaurant franchise 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 restaurant franchise, so choosing to rent your commercial kitchen equipment can leave you more money for running your business and other expenses.
Secondly, there may be tax benefits to renting franchise equipment – 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 restaurant franchise financing options. You can decide to upgrade your franchise 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 franchise equipment, work towards ownership, or return. Please note that if you decide to purchase your franchise equipment after the end of your 12-month term, the net rental rebate drops to 25% after 12 months.