Crown Commercial Group

• Rent - Try - Buy
• Advantages
• The Case for Renting
• The Silver Chef Rent Try Buy Solution
• The Benefits for the Customer
• FAQs

Looking for restaurant and catering equipment supplier?

Looking for quality catering equipment for sale?

Need reputable refrigeration suppliers?

Then look no further than Crown Commercial group, the specialist refrigeration and catering equipment suppliers and commercial kitchens suppliers who will help you with all your restaurant equipment, commercial refrigeration, catering cooking equipment and more. The people at Crown Commercial understand the costs involved in setting up and maintaining commercial kitchens, restaurant fitouts and cafes, which is why they want to help.

RENT • TRY • BUY®

• Fully Tax Deductible Rental Payments
• Upgrade Your Equipment With No Penalties
• No Directors’ Guarantee
• New & Reconditioned Equipment Available
• Buy At A Discounted Price Anytime You Like

Opening a new restaurant? About to undergo a refurb?

Whether you're opening a new restaurant or whether its simply time for that make-over, there are always certain items which are hard to finance. You know what we mean. That essential but expensive custom-made refrigeration system, the cold room out the back or the stainless steel benching throughout your establishment. The list could go on ! Silver Chef now have the answer.

The Advantages Of The Rent • Try • Buy® Alternative

The Silver Chef Rent •Try • Buy® Alternative is perfect for restaurateurs who want to free up their finances, avoid Directors’ Guarantees, and give themselves the ultimate flexibility to arrange their kitchen the way they want. Unlike leasing, you’re not putting your house on the line and reducing your ability to borrow. You’re also not locked into a four-year term that inflicts harsh penalties if you ever need to change your setup.

And, unlike buying your equipment outright, you’re not outlaying a huge amount of cash straight away. You can minimise the cost to your business, and retain the option to buy if everything works out for you. In fact, you’ll discover that you can get all the flexibility of renting for only a few more dollars that if you’d purchased it in the first place!

That’s why the Silver Chef 12-month Rent • Try • Buy® Alternative is so popular with people who don’t want to compromise on catering equipment quality, yet want to save money and increase the flexibility of their business setup. Now you really can grow your business with the wisdom of hindsight

Setting up a new kitchen, or even upgrading an existing one, is a big expense that can chew up a lot of capital. And outlaying tens of thousands of dollars in upfront equipment purchases or locking yourself into long-term leases would be fine and dandy if you had a crystal ball on hand to tell you what your sales and income will be for the next year. No amount of crystal ball gazing will tell you what the future holds, but with Silver Chef’s Rent • Try • Buy® Alternative, you can operate your business for 12 months, find out what works and what doesn’t and only then do you need to make the decision to outlay your hard-earned money on purchasing equipment.

If things haven’t worked out as you expected, then you have complete flexibility to return the equipment with no penalties Why you shouldn’t tie-up your valuable capital in catering equipment. Generally speaking, your scarce capital can be invested ion only three areas: plant and equipment, working capital, and business development.

Accordingly, at Silver Chef, we recommend you rent the catering equipment – leaving your valuable capital free for investment in business growth (and working capital).

The case for renting (as opposed to leasing)

If you’ve made the smart decision not to tie up capital in catering equipment, you now must weigh the option of renting against the more common financing option: leasing. While leasing may look like a good idea at first glance, you need to take into account the full impact leasing kitchen equipment will have on your business. Leasing requires Directors’ Guarantees – which puts your personal assets (your home) on the line. Our Rental agreement does not require Directors’ Guarantees.

A lease is a balance sheet item – which reduces your equity, your ability to borrow and, accordingly, your availability of working capital. Rent is an off-balance sheet item (like salaries or electricity). This means that rental contracts have no impact on your equity, or on your ability to borrow.

A lease requires a lot of paperwork and binds you into a four-year contract. This contract makes it difficult to trade or sell your equipment when it comes time to upgrade your kitchen. A Silver Chef Rent • Try • Buy® agreement involves minimal paperwork, meaning you can get the equipment you need immediately – and upgrade whenever it suits.

As you can see, renting offers a level of flexibility that neither purchasing not leasing can match. Remember, it’s the use of the equipment – not the ownership that makes your business profitable.

1. The Silver Chef Rent – Try – Buy® Solution

The Silver Chef Rent – Try - Buy® Solution is perfect for restaurateurs and caterers who want to keep their options open! How? With the Rent – Try - Buy® Solution, The customer is not locked into a long contract – it is a 12 month agreement which gives their business the flexibility to:-

1. Purchase the restaurant and catering equipment at anytime during the first 12 months and receive a 75% rental rebate;
2. Return the equipment at the end of the 12 Month agreement should they decide it is no longer required;
3. Continue to rent – and we’ll simply continue to reduce their purchase price;
4. Upgrade after 12 months should they decide their business has outgrown the original equipment.

Further, unlike leasing, they’re not putting their house on the line and reducing their ability to borrow. And, unlike buying the equipment outright, they’re not outlaying a huge amount of cash straight away. They can minimise the cost to their business, and retain the option to buy if everything works out.

Clearly renting their equipment is going to free up a lot of working capital for that critical first 12 months. But in addition there is a “hidden” tax benefit that brings their rent down even further. Because rent is 100% deductible it represents a 30% saving at company tax rate – that’s a saving of 30% on rental payments made.

That’s why the Silver Chef 12-month Rent – Try - Buy® Solution is so popular with people who don’t want to compromise on equipment quality, yet want to save money and increase the flexibility of their business setup.

2. Rent – Try – Buy® - The benefits for the Customer

First and foremost, it keeps their options open! Unlike a lease or other finance alternatives, your customer has the option to:-

1. Purchase the catering and restaurant equipment at anytime during the first 12 months and receive a 75% rental rebate;
2. Return the equipment at the end of the 12 Month agreement should they decide it is no longer required;
3. Continue to rent – and we’ll simply continue to reduce their purchase price;
4. Upgrade after 12 months should they decide their business has outgrown the original equipment.

The other benefits offered are many….

- It allows your clients to get the latest technology when they want it – without tying up huge chunks of working capital
- Low weekly rental payments – frees up their valuable working capital.
- They can “Try” before they “Buy”
- The Silver Chef Rent – Try - Buy® Solution requires no director’s guarantees – that means they don’t have to put their house on the line!
- It allows your clients to avoid the finance company “third degree”
- Rental payments are 100% tax-deductible
- Renting is off “Balance Sheet” – meaning it doesn’t affect their capacity to borrow for future expansion
- The Silver Chef Rent – Try - Buy® Solution allows the client to buy the rentedequipment at a discounted price, anytime.
- The client can upgrade the equipment without penalties, unlike most other finance companies

3. Frequently – Asked – Questions

1. What happens with the maintenance? Each new piece of equipment comes with a manufacturer’s warranty, which is passed on to the client. Once the warranty has expired, then as with any other finance package, the customer is responsible for repair costs.

2. How does the payment system work? With the rental agreement the customer will be provided a Direct Debit Authority, which allows electronic transfer of funds to Silver Chef each week. If the customer has a preferred day he or she would like to pay, we can accommodate their wishes.

3. When does the customer get the security bond back?
When the customer exercises the purchase option, upon receipt of the funds, the security bond is refunded usually within seven days. If the customer chooses to return the equipment at the end of the contract, the security bond is refunded less any cleaning, transport to local depot, repair costs or replacement of non – returned accessories.

4. Can you rent for less than 12 months Our rental agreement term is 12 months, but the client has the option to purchase the equipment at anytime and will receive 75% of the rent paid, excluding GST off the purchase price.

5. When does the rental agreement start? The rental agreements are signed before the equipment is ordered, but the rental agreement commences on the day of installation and the first payment is deducted seven days after delivery.

6. How quickly can I arrange finance? Most applications are approved within 24 hours of receipt. Documents are dispatched within 8 hours of approval. Should an urgent need arise, we can prioritise the process to achieve same-day approval to documents stage.

Because we are not lending money, and our clients are just paying for the use of the equipment, we don’t require the last two years’ financials and a completed personal assets and liability statements, etc. All these processes cost the client time and money. With Silver Chef, it is a simple one-page application form that usually takes less than five minutes to complete.