A cookline is bought once a decade and lived with every single day, so it is worth specifying properly and spreading rather than buying down to a cash budget.
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Yes. Ranges and complete cooking suites are funded as hard assets, typically on hire purchase, and a mixed cookline of oven ranges, fryers, chargrills and bains-marie goes onto one schedule rather than several. Used modular units are fundable from dealers. The thing that trips people up is timing. Bespoke suites from Falcon, Waldorf or Mareno are built to order with a deposit due to the manufacturer up front, but asset funders pay the supplier only once the kit is delivered and you have signed to say you have it, so you may need to cover the factory deposit yourself.
Used kit: Yes, and reconditioned Falcon and Blue Seal modules are widely funded, usually up to around ten years old where a dealer has serviced, gas-tested and warranted them.
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Business asset finance is quoted on a flat rate, so that is what this shows — with the equivalent APR underneath, because the two are not the same number. A quick guide only; your actual rate depends on the asset, term, deposit and lender.
Representative example: on Hire Purchase, borrowing £25,000 over 48 months at a 6.0% flat rate (equivalent to 11.5% APR representative), you would repay around £646 a month; total amount repayable approximately £31,000, of which £6,000 is the cost of finance. This calculator is for illustration only — it is not a quote or an offer of finance, and the rate and repayments you are offered will depend on the asset, term, deposit and your circumstances. CW Asset Finance is a credit broker, not a lender, and may receive a commission from the lender that funds your agreement. All finance is subject to status, affordability and lender approval. CW Asset Finance is an Appointed Representative of Rural Finance Limited, which is authorised and regulated by the Financial Conduct Authority (FRN 630701).
A modular cookline is one of the better catering assets from an underwriting point of view. The units are individually serial numbered, the brands are well known, the trade will buy them used and they can be unbolted and moved without destroying anything. That distinguishes them sharply from the canopy above them and the bespoke stainless below, which are fixtures with almost no resale. Expect the funder to fund the cooking equipment cleanly and to argue about the fabrication, sinks, worktops and plumbing. Hospitality is still underwritten cautiously overall, so filed accounts, VAT returns and bank conduct drive the outcome. A new-start restaurant will generally need a director guarantee before anyone commits to a full suite.
Examples of the machines we are asked to fund. This is not an exhaustive list — if what you are buying is not here, it does not mean we cannot fund it. Your supplier quote is what the agreement is written against.
| Machine | What it is |
|---|---|
| Falcon Dominator Plus six-burner range | Heavy-duty gas range on oven base |
| Falcon F900 Series range | Premium heavy-duty cooking range |
| Blue Seal Evolution G504D | Gas range with fan-assisted oven |
| Lincat Opus 800 | Modular heavy-duty cooking suite |
| Lincat Silverlink 600 | Compact modular cooking range |
| Waldorf Bold ranges | Colour-finished heavy-duty cooking ranges |
| Mareno Star 70 | Modular cooking range for restaurants |
| Zanussi Professional EVO900 | Modular heavy-duty cooking range |
| Electrolux Professional thermaline suite | Bespoke modular cooking suite for large kitchens |
| Parry gas ranges | Value gas ranges for small kitchens |
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Restaurant and hotel operators doing a full kitchen replacement, usually during a closure week or a refurbishment, and pub groups standardising the cookline across sites so a chef can work anywhere in the estate. The trigger is age and gas safety: once an engineer starts writing warning notices on a twenty-year-old suite, piecemeal repair stops being viable. Serviced apartment and care operators buy the same equipment for the same reason on a longer cycle.
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Bought on hire purchase, business plant and machinery normally qualifies for capital allowances on the full cost even though you pay for it monthly, which is a large part of why hire purchase is the common structure. On a finance lease you generally set the rentals against profit instead. The rules change between budgets and your position depends on how you trade, so treat this as the direction of travel and get your accountant to confirm the detail before you commit.
Yes, and it is almost always better than funding supplier by supplier. One facility covering the cookline, refrigeration, dishwash and prep avoids several agreements running to different end dates and usually attracts better terms because the total is larger. It also means one conversation when you want to add something halfway through the fit-out.
Asset funders release money on delivery and acceptance, not on order, so the factory deposit normally comes from you. Some suppliers will start the build on a purchase order once finance is approved in principle, which removes the problem. Talk to us before you place the order and we will tell you which funders can accommodate stage payments.
It depends on the funder and on how much of the invoice it represents. Bespoke stainless is welded in, cut to fit your room and worth scrap value to anyone else, so it is classed as soft. A funder comfortable with your accounts may include it alongside strong cooking equipment. One with a narrow appetite will fund only the branded units.
Yes, and that is when most of them are bought. Funders understand that a refurbishment means a few weeks without turnover, provided the accounts show the business is sound outside that window. What they will want is a realistic reopening date, because repayments start once the equipment is delivered and accepted, not when you reopen.
No. Most restaurants and hotels operate from leased premises and this is expected. A funder will look at how long is left on the lease relative to the agreement and may ask for a landlord waiver on larger facilities so there is no argument about who owns the equipment if the tenancy ends.
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Not an offer of finance. All finance is subject to status, affordability and lender approval.
Tell us what you’re looking to fund and Conor will come back to you personally — usually the same day.
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