A new Mildura business has the competition licked thanks to innovative hospitality finance company Silver Chef .
48 Flavours owners David Lamprell and Brian O’Donnell opened the doors of their new gelato shop just before Christmas and said locals had embraced the healthier alternative to ice cream.
Having sourced Trianos Gelato from Melbourne, the next step was to fit out the Langtree Avenue premises. Central to the fitout were the two gelato display cabinets, each with 24 slots, which gave the business its name. 48 Flavours turned to Silver Chef to fund the cabinets, as well as a granita machine and an extra freezer.
This company considered going to the bank, but Silver Chef’s finance made much more sense due to the fact that it is tax deductable, allowing businesses to free up cash for other aspects of the business that are expanding.
Silver Chef's aim is helping small and medium businesses in Mildura and regional Victoria by offering the Federal Government’s temporary business tax breaks on new equipment and assets acquired under its Rent-Try-Buy® solution. The temporary business investment tax break – part of the Federal Government’s $42 billion National Building and Jobs Plan – is designed to keep the economy moving by providing extra tax relief for companies buying capital assets.
Under the government’s $2.7 billion plan, businesses can claim deductions for capital assets, on top of the usual capital allowance deduction able to be claimed as part of the taxpayer's income tax return.