Brake Bros Finance Limited is a subsidiary of Sysco Corporation, specifically designed to provide financial solutions to customers of Brake Bros, a leading supplier of food and catering products to the foodservice industry in the United Kingdom and Ireland.
The primary purpose of Brake Bros Finance is to facilitate easier and more manageable access to Brake Bros’ extensive range of goods. This is achieved by offering various financing options tailored to the specific needs and circumstances of individual businesses operating within the foodservice sector. These businesses include restaurants, pubs, hotels, schools, hospitals, and care homes.
Rather than requiring upfront payment for large orders, Brake Bros Finance allows customers to spread the cost over a defined period, thereby easing cash flow constraints. This is particularly beneficial for smaller or newly established businesses that may have limited access to traditional bank loans or lines of credit. By offering flexible payment plans, Brake Bros Finance helps these businesses manage their budgets more effectively and invest in other critical areas of their operations.
The specific financial products offered by Brake Bros Finance may vary, but typically include options such as: asset finance for equipment purchases (ovens, refrigerators, etc.), invoice finance to improve cash flow based on outstanding invoices, and deferred payment plans on food and catering supplies. The terms of these arrangements, including interest rates and repayment schedules, are typically negotiated on a case-by-case basis, taking into account the customer’s creditworthiness, order volume, and overall business relationship with Brake Bros.
The benefits of utilizing Brake Bros Finance are multi-fold. Firstly, it allows businesses to access the quality food and supplies they need without straining their immediate financial resources. Secondly, it simplifies the procurement process by providing a single point of contact for both product acquisition and financing. Thirdly, it fosters stronger and more enduring relationships between Brake Bros and its customers by demonstrating a commitment to supporting their long-term success.
In essence, Brake Bros Finance is a strategic tool that enhances Brake Bros’ value proposition by making its products more accessible and affordable for a wider range of customers. By understanding the financial challenges faced by businesses in the foodservice industry, Brake Bros Finance plays a crucial role in helping them thrive and grow.
It’s important to note that information on Brake Bros Finance may not always be publicly available to the same extent as that of its parent company, Sysco. Specific details about their services are often tailored to individual client interactions. For the most current and accurate details, direct contact with Brake Bros or Sysco is recommended.