SILVER CHEF ACQUIRES HOSPITALITY TRAINING BUSINESS

Written on the 26 July 2016

SILVER CHEF ACQUIRES HOSPITALITY TRAINING BUSINESS

SILVER Chef Group (ASX:SIV) will increase its education and training offering through the acquisition of Profitable Hospitality.

The Brisbane-based hospitality equipment financer sees a strong alignment with the marketing and management training materials provided by the membership-based hospitality portal.

Damien Guivarra, Silver Chef Chief Operating Officer, said there was a strong alignment between the two companies.

"Over the years, Silver Chef has committed to helping support our customers with business tools and education. For example, our free 'Starting a Restaurant for Dummies' book, the annual Hospitality Industry Success Index (HISI) Report, a café feasibility template, as well as numerous online eBooks and business profiles."

Founded in 1996 by Ken Burgin, Profitable Hospitality provides training manuals, recruitment and staff development tools, cost-control systems, and marketing training. Burgin has more than 20 years' experience in hospitality, having owned Caffe Troppo and co-owned Paganini Restaurant in Sydney.

He has recently been working in an advisory and consulting role and will continue to work closely with Silver Chef.

"Joining the Silver Chef team is a great fit for Profitable Hospitality. Our mission is to make hospitality businesses more popular, profitable, efficient and easy to run,' he says.

The price of the sale was undisclosed, but Silver Chef says it would not have material impact on earnings.

SIV is trading steady on the ASX at $10.10 this morning.


Latest News

BUSINESS CONFIDENCE AT A SIX-YEAR HIGH

SMALL and medium businesses have entered 2017 with their confidence at a six-year high, building on strong gains m...

CRITICS CALL FOR MORE INDEPENDENT DIRECTORS ON BLUE SKY BOARD

BLUE Sky Alternative Investments (ASX: BLA) has defended its governance and valuation processes in response to severa...

BEGA PAYS $460 MILLION FOR VEGEMITE TO BRING THE ICONIC BRAND BACK UNDER AUSTRALIAN OWNERSHIP

VEGEMITE is back under Australian ownership after Bega Cheese (ASX: BGA) agreed to buy Mondelez International's A...

GUVERA ESCAPES WIND-UP ORDER

GUVERA has avoided being wound up after a claim for a $1.78 million debt by Kwong Properties was dismissed at the ...

Related News

BUSINESS CONFIDENCE AT A SIX-YEAR HIGH

SMALL and medium businesses have entered 2017 with their confidence at a six-year high, building on strong gains m...

CONSUMERS PESSIMISTIC ENTERING 2017

CONSUMER confidence remains at its weakest point since April 2016, according to the latest Westpac Melbourne Institut...

RISE OF STARTUP SUPPORT PROGRAMS NOT AS ROSY AT IT SEEMS

ENTREPRENEURIAL cultivation companies in Australia are appearing quickly, but questions have been raised about whe...

SMES TAKE RETAIL MARKET SHARE AS CONSUMERS CHOOSE PERSONALISATION

IN a battle for the hearts and wallets of Australian consumers, it appears that small and medium retail businesses...

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter