SilverChef has spent 40 years financing equipment for hospitality businesses globally. In that time, we've watched the same problem repeat itself: equipment becomes a bottleneck in a commercial kitchen, but operators cannot justify the cost to replace or upgrade equipment.
This is our first Hospitality Operator Report, and it takes a deeper look at the trends that shape this pattern.
What's inside
In spite of rising costs, 87% of operators still feel at least somewhat optimistic about the future
42% have delayed or cancelled
an upgrade in the past 12 months because of cost
86% agree that the flexibility
to upgrade equipment without a large upfront cost would allow their kitchen to run more smoothly
Cooking equipment is the #1
operational bottleneck for US operators, followed by point-of-sale and technology hardware
The full report breaks down startup costs, financing choices, rising expenses, equipment pain points, and what operators say would change their ability to invest.
Talk to a hospitality funding specialist about Rent-Try-Buy, and see what flexible equipment financing could do for your business.
