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About SilverChef
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About SilverChef
The takeaway sector has seen huge disruption in recent years. More people want gourmet food without leaving the house; and the boom in third party delivery services has brought more competition. Our flexible fast food equipment finance can help you adapt to industry volatility, successfully growing your takeaway business. Get started with quality fast food kitchen equipment that won’t tie up your precious capital.
Rent-Try-Buy is a 12-month rental agreement, allowing you to try quality fast food equipment before committing to buying it. Enjoy unrivalled flexibility when it comes to owning and managing your fast food kitchen equipment.
Perfect when you know what you want, with Lease-to-Keep you get the fast food kitchen equipment you need now, with low monthly payments spread over four years. At the end of the term, the fast food kitchen equipment is all yours. Simple.
SilverChef has financing options designed specifically for franchises so you can limit your upfront costs while setting up your takeaway equipment. The ultimate flexibility for your franchise takeaway.
'My idea for Tuck Shop Pies was to do a straight up pie and coffee shop in a shipping container. I wanted to keep it nice and simple. The attractive thing about using SilverChef is that it is a weekly payment for renting the equipment rather than an upfront cost. I like knowing what I have to pay each week.
'My display cabinets would usually cost $10,000 each and what happens when you don't want them anymore? You'd have to sell for half the cost on Trade Me. The beauty of SilverChef is that you can scale up and down the equipment if something's not working.'
- Emile Bennington, Tuck Shop Pies
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 fast food restaurant is an exciting prospect and no small feat. Get started on the right foot and create a reputation for the most delicious takeaway food. This is only achievable with quality fast food restaurant equipment to make quality consistent and workflow fast.
SilverChef provides good quality, stringently tested, second hand takeaway equipment to get you started without massive upfront costs. Some crucial fast food kitchen equipment includes commercial freezers and fridges; dishwashers; kebab machines; pizza fridges; sushi makers and beverage dispensers to name a few.
So, you’ve decided to take the plunge and open your fast food restaurant. 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 fast food 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 the takeaway equipment you're choosing, you could opt for our Rent-Try-Buy product, which allows you to try the fast food equipment in your business before you decide whether to buy, upgrade or return.
If you know what you want, you're financing more than $10,000 of fast food restaurant 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 takeaway equipment, make monthly payments over a four-year term, and own your equipment at the end.
As the renter or lessee of the fast food equipment, you are responsible for properly insuring it, and arranging and paying for all servicing and maintenance on the takeaway equipment. If the fast food 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 fast food equipment can be a good alternative to buying outright. Firstly, there are a lot of costs involved in setting up and running a fast food restaurant, so choosing to rent fast food kitchen equipment can leave you more money for running your business.
Secondly, there may be tax benefits to renting fast food 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 equipment rental products. You can decide to upgrade your fast food kitchen equipment in the first 12 months if you need something bigger and better. 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 fast food equipment, work towards ownership, or return. Please note that if you decide to purchase your fast food 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 takeaway equipment and make weekly rental payments for a 12-month term, while retaining the option to purchase your takeaway 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 takeaway equipment. You sign up for a 48-month term, make monthly lease payments, and at the end of the term you own the takeaway equipment (providing the last payment has been made and you are not in breach of the agreement).
If you've chosen Rent-Try-Buy, it’s a good idea to be sure that you’re happy to rent your chosen takeaway equipment for the full term of the initial 12-month contract (with the option to upgrade or purchase during the term). This is because, if you decide to return your rented takeaway 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.
