Commercial Kitchen Show, part of Food and Hospitality Week, Melbourne 18-20 May, showcases equipment, machines, systems and tech for the hospitality industry. This 3-day event brings four shows together into the one event. Providing the opportunity for caterers, restaurants, pubs, clubs, café, food processors, and takeaway outlets with a comprehensive showcase of what’s on offer across the sector.
The event will include the Commercial Kitchen Show, the Foodservice Australia Show, Pizza Pasta and Italian Food Show, and the Restaurant Technology Show. Each focussing on a specific area and combined, providing broad-based coverage of the equipment needs across the industry. The event includes exhibitor stands with machines, equipment and systems, as well as conference sessions and a number of social events.
For convenience, visitors can register for a ticket that includes entry to all four shows. The event will be held at Melbourne’s Convention and Exhibition Centre from 18 through to 20 May. Visitors can see many new innovations across various areas of their business, and potentially save time by placing orders for items they need, on the day. Check out the Exhibitor List and start making your wish list.
If your kitchen, front-of-house or back-of-house is in need of replacement equipment or an upgrade, or if you are keen to install the latest systems to give your business a boost, consider your equipment financing options to make it happen. We know it is a challenging time for many hospitality operators. With our highly competitive interest rate loans and personal service, we may make those purchases affordable and beneficial to your business.
Loans for Commercial Kitchen Equipment
Loans are available for all types of equipment and machines used in a commercial food preparation and service establishment. This includes ovens, refrigeration equipment, ice machines, cooktops, deep fryers, grills, counter-top machines for processing and mixing, dishwashers, units for storage, wash down and preparation, and many other items. As business assets, these types of items would be eligible for asset acquisition financing with the goods used as loan security.
Asset loan products are available to suit all sized businesses with varying accounting methods and approaches to tax deductions and their balance sheet. Business owners can select from Leasing, Commercial Hire Purchase, Rent-to-Own, and Chattel Mortgage.
All commercial credit facilities include tax deductions, our most competitive fixed interest rates, individually negotiated fixed terms, and a fixed schedule of repayments. Chattel Mortgage and CHP include an option for a balloon, Leasing a residual component, and a buyback option is available with Rent-to-Own.
When taking on finance, it is natural for business owners to focus heavily on the interest rate and on the monthly payment. But serious consideration should also be given to the term of the loan and the balloon. Consider how long you intend to have the equipment operational in the business. That is, when will it need to be replaced or upgraded. Aligning loan terms with ownership cycles can result in a more workable outcome when the asset is retired or resold. We work with operators to understand their specific objectives and work with our lenders to achieve the most workable solutions.
Residuals with Leases are subject to ATO rulings. But balloons with Chattel Mortgage and CHP can be negotiated with lenders. Give consideration to the size of the balloon that will work for you. A larger balloon will reduce the monthly loan commitment but result in a larger amount due to be finalised at the end of the term. If the resale or trade-in value of the equipment is less than the balloon, the balance would need to be paid from cash flow. Use our Finance Calculator to see what loan combination may best suit your cash flow and ownership cycle.
Loans for New Hospitality Operators
Industry expos can be extremely helpful for new operators in the process of setting up a new establishment. The Commercial Kitchen Show in particular may give those setting up a new food outlet, the ideas and contacts for equipment that they need.
For ideas and options for financing that equipment, speak with us about our Low Doc Equipment Loans for new operators.
How to Get Loans Approved Before Commercial Kitchen Show
Save time in getting the equipment you need by having your loan arranged before attending the Food and Hospitality Show. Simply contact us, provide details of what you are interested in ordering and the loan amount required, and our brokers will proceed to have your loan application conditionally approved.
With a pre-approved loan, show visitors can confidently order on the day and possibly take advantage of any special show offers, as well as saving time in not having to contact the dealer again. Pre-arranged loan do have a validity period after which they simply expire if not used.
To arrange your equipment loan prior to the Commercial Kitchen Show, contact Business.Finance on 1300 000 033.
DISCLAIMER: THE SPECIFIC PURPOSE IN PROVIDING THIS ARTICLE IS FOR GENERAL INFORMATION ONLY. IT IS NOT INTENDED AS THE SOLE SOURCE OF FINANCIAL INFORMATION ON WHICH TO MAKE BUSINESS FINANCE DECISIONS. BUSINESS OWNERS WHO REQUIRE ADVICE OR GUIDANCE AROUND THEIR SPECIFIC FINANCIAL CIRCUMSTANCES ARE RECOMMENDED TO CONSULT WITH AN ADVISOR OR ACCOUNTANT. NO LIABILITY IS ACCEPTED IN REGARD TO ANY MISREPRESENTATIONS OR ANY ERRORS RE ANY DATA, SPECIFICS, POLICIES AND OTHER INFORMATION AS SOURCED FROM OTHERS.
