Search

NEWS
FRANCHISING | Staff Reporter, Australia
Published: 25 May 12
325 views


Find out why leading QSR's are turning to Silverchef for funding of equipment for franchisees

James Scurr, National Franchise Mgr Aust & NZ, Silverchef tells us how they are helping QSR's to grow their business.

QSR Media: What can you do for QSR's?

James: Silver Chef has been helping hospitality businesses fund their equipment for over 25 years. In January 2011, Silver Chef launched Franchise Accreditation. Accreditation recognises the strength of franchise groups in Australia and New Zealand and allows us to offer a more competitive funding offering. Once a franchise is accredited, all existing and prospective franchisees are pre –approved for finance, they enjoy a rental bond that is more than halved, they can access equipment rental discounts and also have a dedicated franchising team to handle all enquiries.

Becoming accredited with Silver Chef helps franchisors secure more of the right franchisees for their business; they know when recruiting a new franchisee that they have guaranteed access to a level of funding for their equipment and fitout. Furthermore, franchisors can really see how we can assist in rolling out new pieces of equipment across entire networks, removing a lot of the resistance from franchisees when it comes to deciding on committing capital. We have successfully done this for Subway, Gloria Jeans, Brumby’s, Michel’s Patisserie and Donut King and are currently assisting Oporto.

QSR Media: Rent. Try. Buy.® tell us a bit more about this?

James: Rent, Try. Buy.® allows franchisees to save their hard earned working capital, rather than spending it on depreciating assets. As the name suggests, franchisees can rent the equipment they need in their business, and at any point in the future decide to buy it and enjoy a 75% rental rebate. They also have very flexible options allowing them to return equipment after 12 months if it is no longer required, they can upgrade their equipment or they can leave it on rental and with each successive payment, the payout price will continue to reduce.

QSR Media: Bank lending to prospective franchisees, is this still difficult, what is your experience?

James: The comments I hear every day from franchisors and franchisees is, yes, it is still the number 1 or number 2 challenge that they face. It’s certainly different from 10 years ago when I was a franchisee, the funding I needed to open my stores was forthcoming and relatively easy. It’s definitely not like that now. I constantly speak with franchisors that lose great prospective franchisees in the recruitment process because the franchisee has been unable to secure the funding they need. And this is even franchises with bank accreditation.

The other issue I hear fairly frequently is how difficult it is to get bank accreditation. Some of the banks have different requirements, but generally they want to see a network of 40 – 50 stores before they will consider accreditation. This is really where Silver Chef can assist as our accreditation only calls for a minimum of 5 stores in the network.

It’s a great point of difference for us and I really get a buzz out of being able to help franchisees fund and open their businesses. Being a franchisee was a genuinely rewarding experience for me and my family and I hope others can enjoy the same success.

QSR Media:  How does a QSR get in contact with you and find out more?

James: I am happy for franchisors to call me directly on 0488 078 528, or they can email me at jscurr@silverchef.com.au. Alternatively, you can call our dedicated franchise team on 1800 049 814. We also have various franchise team members located around the country who can meet with franchisors.



Sign up for our newsletter

 

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.

Tags: James Scurr, Silverchef, franchising, Glora Jeans, Subway, Brumby's, funding

LATEST FRANCHISING JOBS »
  • No jobs posted on this category.
    MOST READ EXCLUSIVES

    Eagle Boys introduces Pizza Pies

    Eagle Boys introduces Pizza Pies

    An Australian take of an American favourite.

    by STAFF REPORTER
    21 May 2014 | 1383 views
     

    Paleo Café kicks off aggressive expansion this year

    Paleo Café kicks off aggressive expansion this year

    Expands locally and overseas.

    by STAFF REPORTER
    30 May 2014 | 1160 views

    Find out how Sumo Salad's new brand experience has seen sales soar by 50%

    Find out how Sumo Salad\'s new brand experience has seen sales soar by 50%

    New mantra and big changes in SumoSalad, in an effort to improve food and customer experience.

    by STAFF REPORTER
    22 May 2014 | 1118 views
     

    Stamp Me Loyalty Card App

    Stamp Me Loyalty Card App

    Created by Stamp Media, the Stamp Me app integrates loyalty programs into smartphones.

    by STAFF REPORTER
    9 May 2014 | 704 views

    Domino's takes cue from customer requests, now offers $4.95 pizzas everyday

    Domino\'s takes cue from customer requests, now offers $4.95 pizzas everyday

    Extends 'Cheaper Two Days' promo. Initially held on Mondays and Tuesdays, the promo has now been extended to offer the Domino's Value Range from only $4.95 pick up every day of the week.

    by STAFF REPORTER
    24 Jun 2014 | 672 views
     

    Will healthy fast food be the next big thing?

    Will healthy fast food be the next big thing?

    Eat good, feel good.

    by STAFF REPORTER
    7 May 2014 | 643 views

    KFC announces another eco-friendly initiative

    KFC announces another eco-friendly initiative

    Old Uniforms to be re-purposed.

    by STAFF REPORTER
    5 Jun 2014 | 606 views
     

    First shipping container coffee shops open at Brisbane Domestic Airport

    First shipping container coffee shops open at Brisbane Domestic Airport

    A The Coffee Club franchise.

    by STAFF REPORTER
    17 Jun 2014 | 603 views

    Talks of Retail Zoo acquisition premature, according to CEO

    Talks of Retail Zoo acquisition premature, according to CEO

    Mother company of Boost Juice, Salsa’s Fresh Mex Grill, Cibo Espresso and Hatch Chicken Shop.

    by STAFF REPORTER
    9 May 2014 | 592 views
     

    Yum! Restaurants International to share its expertise on product development at the QSR Media Conference

    Yum! Restaurants International to share its expertise on product development at the QSR Media Conference

    Fritz Meyer, Chief Food Innovation and Technology Officer at Yum!

    by STAFF REPORTER
    5 Jun 2014 | 591 views

    Burger Urge appoints industry heavyweight Tom Potter as it moves for National Expansion

    Burger Urge appoints industry heavyweight Tom Potter as it moves for National Expansion

    Growth plans to be executed in the next few years.

    by STAFF REPORTER
    4 Jul 2014 | 546 views
     

    QSRs Plan Expansion Spree in 2014 Despite Uncertainty

    QSRs Plan Expansion Spree in 2014 Despite Uncertainty

    Franchises are brushing off fears and seizing opportunities to grow.

    by STAFF REPORTER
    16 May 2014 | 519 views

    QSRs Explain the Appeal of Standalone Stores

    QSRs Explain the Appeal of Standalone Stores

    Striking it out beyond malls can be a great gamble.

    by STAFF REPORTER
    12 May 2014 | 506 views
     

    Pie Face considers strategic geographical expansion across Australia and overseas

    Pie Face considers strategic geographical expansion across Australia and overseas

    In new metropolitan and regional areas.

    by STAFF REPORTER
    9 Jun 2014 | 490 views

    Original founder of Crust serves up Greek street food with a twist

    Original founder of Crust serves up Greek street food with a twist

    Partners up with Pony Dining Group.

    by STAFF REPORTER
    2 Jul 2014 | 489 views
     

    Top Juice to deliver top of the line juices across Australia

    Top Juice to deliver top of the line juices across Australia

    Top man at Top Juice Barry Barber, General Manager, talks to QSR Media about store openings, the result of the Hornsby's Good Apples campaign and the brand's expansion plans.

    by STAFF REPORTER
    2 May 2014 | 485 views

    Bruce Feodoroff, Operations Manager of Brumby’s Bakery

     Bruce Feodoroff, Operations Manager of Brumby’s Bakery

    On connecting with Franchisess, exciting transformations and integrity.

    by STAFF REPORTER
    4 Jun 2014 | 475 views
     

    McDonald's launches World Cup burgers; Pizza Capers and Eagle Boys adds new pizza range to their menu

    McDonald\'s launches World Cup burgers; Pizza Capers and Eagle Boys adds new pizza range to their menu

    Find out what the QSR's have been up to on social media this week.

    by STAFF REPORTER
    26 May 2014 | 448 views

    Lisa Otterburn, National Brand Manager of Eagle Boys

    Lisa Otterburn, National Brand Manager of Eagle Boys

    On taking Eagle Boys Pizza to the next level, making customers happy and understanding the industry.

    by STAFF REPORTER
    2 May 2014 | 435 views
     

    Fresh Hot Chips—Delivered

    Fresh Hot Chips—Delivered

    Take-away orders are on the rise; meet the chips that will stay crispy for the ride home.

    by STAFF REPORTER
    21 Jul 2014 | 432 views

    Jamaica Blue enhances store design

    Jamaica Blue enhances store design

    In an effort to stay relevant.

    by STAFF REPORTER
    21 May 2014 | 416 views
     

    Dan Gallo, Chief Executive Officer of Degani

    Dan Gallo, Chief Executive Officer of Degani

    On increasing shareholder return, brand accountability and supporting franchisees.

    by STAFF REPORTER
    9 Jul 2014 | 393 views

    Wage rate calculations now free for QSRs

    Wage rate calculations now free for QSRs

    Employee Relations Strategies offers the service free of charge.

    by STAFF REPORTER
    22 May 2014 | 381 views
     

    Letterbox Deals help QSRs make a pitch to the right audience

    Letterbox Deals help QSRs make a pitch to the right audience

    Quick Service Restaurant (QSR) offers delivered via Australia post.

    by STAFF REPORTER
    15 May 2014 | 372 views

    Jacob Spencer, General Manager of Salsa's Fresh Mex Grill

    Jacob Spencer, General Manager of Salsa\'s Fresh Mex Grill

    On exciting customer tastebuds, no compromises and listening to customers.

    by STAFF REPORTER
    21 May 2014 | 363 views
     

    Pizza Capers announces a spicy partnership

    Pizza Capers announces a spicy partnership

    Teams up with hot sauce masters.

    by STAFF REPORTER
    28 May 2014 | 343 views

    Designing a QSR: Store layout and design

    Designing a QSR: Store layout and design

    Three leading industry experts share what they consider when designing quick service restaurants.

    by STAFF REPORTER
    23 May 2014 | 341 views
     

    Jai Hobbs, Chief Executive Officer of The Paleo Cafe

    Jai Hobbs, Chief Executive Officer of The Paleo Cafe

    On what drives him, equality and brand passion.

    by STAFF REPORTER
    3 Jul 2014 | 332 views

    James Burns, National Operations Field Trainer of Zambrero

    James Burns, National Operations Field Trainer of Zambrero

    On Zambrero's number one priority, gearing for growth and embracing learnings.

    by STAFF REPORTER
    14 May 2014 | 328 views
     

    Do you want your chain to have a 15-minute queue stretching around the corner?

    Do you want your chain to have a 15-minute queue stretching around the corner?

    SMH's The Good Food Guide recently reported on long queues for hot brand Gelato Messina in the weekend edition of their newspaper.

    by STAFF REPORTER
    23 Jun 2014 | 326 views
    close Don't Show Again

    STAY INFORMED! Get our free weekly newsletter