Hospitality Industry Success Index 2015

HEALTHY FOOD CRAZE FORCING AUSTRALIAN RESTAURANTS TO ADAPT

More restaurants are incorporating health food into their menus as Australians become increasingly more concerned with the nutritional content of their food, according to the latest Hospitality Industry Success Index (HISI). The latest HISI Report, which sources information from nearly 7,503 hospitality businesses and 202 detailed surveys, was released to the public today following a sneak preview at the Fine Foods Expo in Melbourne last week. It was commissioned by ASX-listed equipment finance company Silver Chef Limited. The report revealed that 70% of hospitality business owners had added health foods to their menus during the past 12 months. Silver Chef Founder and Executive Chairman Allan English said the hospitality industry was undergoing a "significant transformation". "We are not only seeing more healthy menu options in restaurants and cafes, but we’re also seeing more businesses specialising in areas like raw foods, acai bowls and vegetarian and paleo-friendly meals. There definitely seems to be a consumer demand for healthier dishes and business owners are taking note,"" "A business’s ability to adapt to changing market conditions would be a key driver of its future success in the hospitality industry,"" "Understanding the shifts in consumer behavior and identifying and acting on key trends will allow them to turn initial challenges into rewards that drive growth," Allan English said. "Our clients also find that funding their kitchen equipment through Silver Chef not only protects their cash flow, but provides them with the flexibility to update their equipment to diversify menus based on consumer trends. It enables them to cater to the market’s needs,"" Silver Chef’s Rent-Try-Buy® Solution allows operators to trial the equipment in their business first and purchase or upgrade at any time, as well as return what they don’t need after 12 months. This agreement also allows customers to top up their equipment for free if they didn’t get everything they needed the first time around.

Other highlights from HISI included:

 41% of Silver Chef customers come from a non-hospitality background, such as media, finance and the arts  67% took less than six months from concept to completion   Only 8% said they were under budget for their fit-out & setup costs  70% have incorporated health related foods into their menu  48% don’t currently allow for mobile bookings  60% are looking to expand their business in the next 12 to 24 months Download the report free Hospitality Industry Success Index 2015 and happy reading!

Why SilverChef?

90% Success Rate – Silver Chef customers fare much better than the industry average, with 9 out of 10 customers surviving at least 12 months of trading. Hot 50 – With several Silver Chef customers featured on The Weekend Australian’s recent Hot 50 Restaurants in Australia List, it just goes to show that Silver Chef isn’t just for start–ups or small businesses. More than 20,000 Australian hospitality businesses – Nearly a third of our customers operate in regional areas of Australia, from Airlie Beach to Albany, and Yarra Glen to Yass. Rent-Try-Buy was specifically developed for the industry, by people in the industry. It’s unlike anything else on the market and caters to the unique challenges and nuances of the hospitality industry. Over 20,000 Australian hospitality businesses choose Silver Chef to help them succeed. Find out what you’re missing! Over 55 accredited franchises – Silver Chef has accredited over 55 franchises such as Crust Gourmet Pizza Bar, Domino’s Pizza, Donut King, Brumby’s Bakery and Michel’s Patisserie. Every store from one of our accredited franchises is eligible to generous amounts of pre–approved funding. Hugely successful franchises often prefer to fund their equipment through Silver Chef to protect their cash flow and to help get the best franchisees on board.