SILVER CHEF ACQUIRES HOSPITALITY TRAINING BUSINESS

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.

Help us deliver quality journalism to you.
As a free and independent news site providing daily updates
during a period of unprecedented challenges for businesses everywhere
we call on your support

Crypto staking: a new way to earn passive income
Partner Content
You may be familiar with traditional ways of earning passive income such as trading sto...
Etoro
Advertisement

Related Stories

‘Devastated’ boss of collapsed Pivotal Homes warns that risk has swung against builders

‘Devastated’ boss of collapsed Pivotal Homes warns that risk has swung against builders

The devastated boss of collapsed Gold Coast homebuilder Pivotal Hom...

St Baker affirms commitment to Novonix as he exits board to focus on new fund

St Baker affirms commitment to Novonix as he exits board to focus on new fund

Rich lister and power industry titan Trevor St Baker, the largest i...

Microba strikes up partnership with Midnight Health to deliver personalised health services

Microba strikes up partnership with Midnight Health to deliver personalised health services

After making its debut on the ASX in April, biotech company Microba...

REMI Capital goes from spruiking for investors to $70m collapse in months

REMI Capital goes from spruiking for investors to $70m collapse in months

Just months ago, boutique investment company REMI Capital was encou...