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Rent to Buy Options for Commercial Hospitality & Office Furniture

Posted on November 12th, 2016

Nextrend Furniture, who have been importing and supplying furniture to Australian restaurant and hospitality businesses for a long time, are now offering a Rent-Try-Buy Programme in partnership with Silver Chef.

Nextrend Furniture’s range of commercial  hospitality & office furniture enables restaurants to fit out their interiors with pieces that are not only functional, but also affordable and easily maintained. They have showrooms in Australia’s major cities, and have gained a reputation for their innovative and quality tables and chairs which are now featured in restaurants, cafes and other hospitality venues.

Silver Chef makes it possible for businesses to obtain hospitality furniture by way of a rental agreement spanning 12 months, with the option to purchase the furniture at any point. Under the Rent-Try-Buy Solution, businesses will receive a 75% net rental rebate. As the weekly cost of rental is very affordable and payment of rent is completely tax deductible, businesses need not spend large amounts of working capital and can maintain a healthy cash flow.

 

Rent to Buy restaurant furniture brisbane

Make enquiries about the Rent-Try-Buy Programme and benefit from the speedy approval process by requesting a quote today. Dial 1300 559 965 and you will be assisted promptly.

Seeking Funding

Thanks to Silver Chef, the Rent-Try-Buy scheme’s Standard Option offers an extensive range covering all kinds of hospitality furniture. The newly-launched SWIFT Option enables businesses to obtain funding to furnish their entire premises. Businesses of all sizes anywhere in Australia are supported by Silver Chef. Funding is available in numerous industries under the hospitality umbrella, including but not limited to the following:

  • Franchises
  • Hotels
  • Restaurants
  • Cafes
  • Clubs
  • Bars and pubs
  • Takeaways
  • Hospitality schools and colleges

How it Works

Bars, cafes and restaurants all over Australia can now save their working capital rather than spend it on assets which depreciate over time thanks to Silver Chef’s Rent-Try-Buy Programme. The programme provides businesses with the chance to keep their options open and purchase only furniture they have test driven. The 12-month agreement enables businesses to do the following:

  • Buy commercial rented hospitality furniture at any point during the first 12 months of the rental contract in order to qualify for a 75% rental rebate, excluding GST.
  • Return the furniture following the conclusion of the rental period if it is no longer needed.
  • Continue renting the furniture and enjoy continued purchase price reduction.
  • Upgrade the furniture if the business’s needs have changed.

It’s easy to rent furniture as agreements under Rent-Try-Buy are easy and straightforward, with little paperwork and minimal bother. The furniture can be received immediately, and you can purchase or upgrade whenever it suits you. Silver Chef aims to simplify your life, so you can spend your time and energy running the parts of your business that deserve more attention.

Suppose you rent $10,000 worth of furniture. Under the Rent-Try-Buy Solution, you would enjoy the following:

E.G: $10,000 Table and Chair Refurbishment Package

Low weekly rent of  $126.92
Purchase price at the end of one year  $6,050
 Total nett Rent-Try-Buy Payments (after 30% tax deduction & rental rebate applied)  $10,670
 Rental cost of ownership  $670

As of January 1st, 2016 we have permanently reduced our upfront costs. If you have been trading in your current business for over 2 years (proof required), we will only require 1 weeks rent in advance to get started with Silver Chef.
If you are a new business trading for less than 2 years, we will also require a refundable security bond of 6 weeks rent.

Rent or Lease?

Choosing not to tie up precious capital by purchasing hospitality furniture can be a smart business decision. There are two options open to you—renting and leasing, the latter being the more common option.

Leasing may seen prudent at first, but it is important to consider the overall impact of leasing furniture on your enterprise.

Leasing

  • Four-year fixed contract
  • On-balance item
  • Director’s guarantee required
  • No option to purchase at discounted price
  • Stuck with the equipment

Silver Chef Rent-Try-Buy®

  • Off-Balance Item
  • No Director’s guarantee required
  • Purchase items with 75% rebate on the rent paid
  • Option to return or continue renting (and lower the purchase price)

A lease appears as an item on your balance sheet, and lowers your equity, your borrowing capacity and the amount of working capital available to you. Renting, on the other hand, is off the balance sheet, just like electric bills or employees’ salaries.

Leasing also involves a whole lot more paperwork, as well as the commitment of being tied to a contract for four years. Due to the contract, it is also more difficult to exchange or sell your furniture when upgrading.

Silver Chef’s Rent-Try-Buy agreements are fuss-free and involve little paperwork, so equipment can be obtained instantly. You also benefit from the flexibility to sell or upgrade whenever you wish.

Hotels and Clubs

Hotel groups and clubs are in a good position to benefit from Silver Chef funding when acquiring hospitality furniture.

Silver Chef have been serving the restaurant and club fields for more than twenty years, providing clubs and restaurants with furniture financing options through their special Rent-Try-Buy Solution.

It is now even easier than before for hotels and clubs to take advantage of Silver Chef’s funding scheme to obtain the furniture they need. The Rent-Try-Buy Solution offers these benefits:

  • Freeing up working capital
  • Renting off the balance sheet, which means no constraints when it comes to taking out future loans for renovation or expansions
  • Not a CAPEX expense
  • Equipment can be purchased any time, such as at the end of the financial year
  • 100% tax deductible rental payments if applicable
  • Flexibility for board or committee with regards to guarantees

Silver Chef’s financing scheme enables businesses to free up their working capital and lets the furniture be paid for by business revenue. It also enables businesses to buy or upgrade furniture at any time, and also to return furniture they no longer need once the minimum 12-month term has passed.

The needs of hotel groups and clubs that are community-based tend to differ greatly from those of regular hospitality businesses. Silver Chef understand that, and have application processes and forms designed to serve this group in a more efficient and swift manner.

Should Your Business Undertake a Big Renovation to Boost Sales?

Silver Chef enable you to free up your budget by renting the chairs and tables your restaurant needs. You can also wait till you’re certain your fit-out is ideal before deciding whether to purchase furniture or go on renting it. You can also begin with a more manageable fit-out and then upgrade whenever you see fit.

Silver Chef are committed to enabling you to obtain funding easily and conveniently.

Speak with your Nextrend Furniture Account Manager at 1300 559 965 to find the best solution for you.

Browse our range

Contact us to tailor a solution to suit your hotel

Get a free 24-hour quote

The 10 Most Beautiful Furnished Pubs and Restaurants in Brisbane

Posted on November 5th, 2016

As the spring sun continues to beat down on Brisbane, it’s been hard for us to keep our minds on our work and away from our upcoming holidays. As such, Nextrend Furniture has decided to put together a list of our 10 most beautiful furnished pubs and restaurants around Brisbane that we’ve come to worked on. From the stunning Alexandra Headland Surf Life Saving Club and to the Pub Lovers Tavern in Aspley QLD, the list takes us all over Queensland, showcasing our best projects in the highly competitive multi-million-dollar pub and restaurant industry has to offer.

The Agnes Water Tavern

The Agnes Water Tavern is the best venue and entertainment hub for the Town of 1770, Agnes Water and the Discovery Coast. Located in the quite surfside town in the Southern Great Barrier Reef region (1.5h drive North of Bundaberg and South of Gladstone). https://www.facebook.com/AgnesWaterTavern

 

The Rock Bar and Grill in Bundaberg.

The Rock Bar and Grill in Bundaberg. Home of modern casual dining. Located in on the Burnett River. It has a relaxed style created by the combination of modern furniture décor, casual contemporary menu with local produce, warm friendly staff and spectacular views of Burnett River. http://www.rockbarbundy.com.au

 

The Sebel Maroochydore

The Sebel Maroochydore is situated opposite the beautiful Maroochydore Beach, ideal choice for visitors to the area. One hour from Brisbane Airport, Maroochydore is a popular destination for holidaymakers. Nextrend refurbish the lobby of The Sebel Hotel which has both resort and residential occupancy, to reflect the atmosphere of the Sunshine Coast. http://www.thesebel.com/locations/the-sebel-maroochydore

 

Aspley Hypermarket in Aspley Brisbane

Aspley Hypermarket in Aspley Brisbane is the latest shopping centre to undergo a multi-million-dollar upgrade, anchored by Coles, Kmart, ALDI, Toys ‘R’ Us & Babies ‘R’ Us. The objective with this project was to create a food court in a busy area with minimum maintenance, high durability and easy on the eye. https://www.instagram.com/aspleyhypermarket

 

Pub Lovers in Aspley

Pub Lovers in Aspley. It’s a great classic pub with hot meals and fantastic service. Located in Aspley Brisbane where they are famous for the best bar in town, great steaks & hospitality. https://www.facebook.com/aspleycentraltavern

 

Paleo Cafe in Paddington QLD

Originating in the heart of Brisbane, popular Paleo inspired café, the Paleo Cafe in Paddington QLD, has opened another equally-loved venue in easy tracking distance for Paddington locals.

 

The Logan City Tavern in Logan Central QLD

The Logan City Tavern in Logan Central QLD, has everything that a good pub should come equipped with. Nextrend supplied all the commercial range of hospitality furniture including the gaming stools. http://www.logancitytavern.com.au

 

Rockhampton Jockey Club

Rockhampton Jockey Club, home of the Callaghan Park Racecourse. Modern air-conditioned restaurant capable of seating 150 guests, centrally located in North Rockhampton next to the Fitzroy River – only minutes from the CBD. https://twitter.com/ParkCallaghan

 

Secrets on the lake at Montville

Secrets on the lake at Montville is set in the middle of the rainforest on Lake Baroon 10 km from Kondalilla National Park. http://secretsonthelake.com.au

 

The Eatons Hill Restaurant QLD

The Eatons Hill Restaurant is situated on the slopes of Eatons Hill in Brisbane’s north. Modern cuisine menu and warm decor in a relaxed setting with the extraordinary sweeping treetop views of Eatons Hill.  https://goo.gl/1DYUDt

 

Nextrend Furniture provide solutions for all types of projects including outdoor furniture for the broader hospitality market in Brisbane and Australia-wide , working with you to deliver the right product for the project.  Established in 2009, we have furnished some of the most impressive venues for 7 years, we strive to provide an extensive range of commercial furniture with plenty of design, theme and style options available.

Want to place an order? Just give us a ring at (07) 3257 7272!

Browse our range

Contact us to tailor a solution to suit your hotel

Get a free 24-hour quote

Cafe Tables & Chairs

Posted on November 2nd, 2016

Nextrend Cafe Chairs