Nextrend and Silver Chef Partner Up to Provide Rent-Try-Buy® Solution

One of the major challenges that face any entrepreneur is finding a workable balance between the amount of capital they have and the quality of equipment that their business begins with. Many small and medium start-up enterprises are forced to make do and settle with substandard equipment and furniture until business picks up. But in the restaurant business, this could spell trouble. Mediocre and substandard equipment and furniture has been a major stumbling block for most restaurateurs, wherein the patron’s ease and comfort plays a huge role. Recently, Nextrend Furniture and Silver Chef have partnered to come up with a commercial furniture solution that can address this problem.

The solution: the Rent-Try-Buy^® program, which will enable entrepreneurs to set up their ideal restaurants and cafes without compromising quality, function or breaking the bank. Nextrend Furniture is a Queensland-based retailer that provides quality cafe furniture for the hospitality industry. The company carries and offers a wide range of high quality restaurant chairs and tables for all purposes. On the other hand, Silver Chef is a catering finance company, which for over 25 years has provided flexible funding to businesses in the hospitality industry.

A furniture rental program, the basic premise of the Rent-Try-Buy^® program is it seeks to offer cost-effective alternatives for start-up small to medium enterprises by renting out furniture and other restaurant equipment to them for a period of 24 months, enabling restaurant owners to first try out the furniture and equipment, such as restaurant table and chair sets. Once the 24 months are up, owners can opt to either: renew the rental contract, upgrade their existing rental plan and try out a new set of furniture and equipment, or buy the existing rented equipment at a fraction of the original price.

The advantages for the restaurateurs are easy to see. With the Rent-Try-Buy^® program, their initial capital investment is minimized, and it reduces the risk involved in spending a huge amount of money in depreciating assets. At the same time, the Rent-Try-Buy^® program is also tax-deductible, thereby allowing the restaurant’s resources to be used for its other operations such as staffing and inventory.Clients may also enjoy a 75% rental rebate for equipment purchased during the first 12 months.

Furthermore, it allows budding cafes and restaurants flexibility in terms of image and concept. New businesses need not be trapped in a certain look or style and can now easily update their furniture. If at the end 24 months, the businesses want to reinvent themselves, the Rent-Try-Buy^® program makes it much easier to do so. This eliminates the risk of getting stuck with costly yet outdated furniture and equipment. It also gives small businesses the opportunity to settle on an image and “feel” that works for them and their target market, without the initial gamble on expensive furniture.

Inquire about the Rent-Try-Buy^® program and take advantage of the swift approval process by getting a quote. Call 1300 559 965 today.