Henny Penny

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Mehmi Financial Group helps businesses finance and lease Henny Penny equipment, including fryers, in Canada and the USA. As a brokerage, we compare options from banks, equipment finance companies and alternative lenders for new and used Henny Penny units, from dealer purchases to private sales. Approval, rates and terms are set by each lender.

About Henny Penny

Henny Penny was established in 1957 in Eaton, Ohio with the first commercial pressure fryer, and became employee-owned through an ESOP at the end of 2014, according to Henny Penny. Jack Cobb, the company's fourth employee, later bought it with a partner, according to its history.

Henny Penny equipment

Henny Penny builds pressure and open fryers, combi ovens, rotisseries, holding cabinets and display merchandisers used by quick-service chains, supermarkets and institutions.

How lenders view foodservice equipment

Fryers and holding equipment are financed mainly on the business's cash flow and usually as part of a kitchen package. Lenders review bank statements, time in business and the quote.

Financing Henny Penny equipment

Franchise operators often finance fryers with other line equipment during openings or remodels. Supermarket delis finance rotisseries and merchandisers with deli refits.

How Henny Penny equipment financing works

Most Henny Penny purchases are financed with an equipment loan or a lease. A loan gives you ownership from day one, with the lender registering a security interest (PPSA in Canada, UCC in the USA). A lease keeps title with the lessor and can lower the monthly payment, with a buyout, renewal or return option at the end.

What lenders check on a Henny Penny fryer

Lenders look at the business cash flow, the location, and installation and ventilation costs. Commercial kitchen equipment is often financed as a package with installation.

Expect to provide a credit application, recent business bank statements, the dealer quote or bill of sale with serial number and age, and financial statements or tax returns for larger amounts.

See the full list of eligible equipment, compare equipment financing options, or estimate payments with the equipment financing calculator.

All Henny Penny models with financing pages

ModelTypeCategory
Henny PennyEquipmentRestaurant
Henny Penny Evolution Elite Open FryerFryerRestaurant

Tax treatment of Henny Penny equipment

In Canada, the CCA class depends on the asset and how it is used. Your accountant can confirm the right class. With a loan, you generally claim capital cost allowance and deduct interest. With a true operating lease, lease payments are generally deductible instead. See the CRA classes of depreciable property. In the USA, Section 179 and bonus depreciation may apply; see IRS Publication 946. Always confirm with your accountant.

End-of-term options on a Henny Penny lease

A $1 buyout lease is built for ownership: you keep the machine for a nominal amount at the end. A fair market value lease usually has a lower payment, and at the end you can buy the equipment at its market value, return it or upgrade. Read the return conditions, such as hour limits and wear standards, before you sign.

Who finances Henny Penny equipment

Restaurant: independent restaurants, franchises, bakeries, caterers, ghost kitchens and food manufacturers finance Henny Penny equipment to take on new work, replace aging units or add capacity.

The right structure depends on how the equipment earns money. A machine tied to a long contract can support a longer term, while seasonal work may call for skip or seasonal payments that some lenders offer.

Questions to ask the dealer or seller before you finance

  • What is the exact model year, serial number and age?
  • Is there a service history or recent inspection report?
  • Is any warranty or extended coverage included, and does it transfer?
  • Are attachments, delivery, installation and taxes itemized on the quote?
  • For a private sale, is the equipment free of liens, and who will provide the bill of sale?

Insurance on financed Henny Penny equipment

Lenders and lessors require the equipment to be insured for its replacement or financed value, with the lender named as loss payee, before funding. Some also ask for liability coverage. Getting an insurance quote early avoids last-minute delays.

Frequently asked questions

Can I finance a Henny Penny pressure fryer?

Yes, usually as part of a kitchen equipment package.

Is Henny Penny employee-owned?

Yes, since an ESOP purchase at the end of 2014.

Can a supermarket deli finance rotisseries?

Yes. Lenders review the store's financials.

Can a franchise finance fryers for a remodel?

Yes. Lenders review the franchise's financials.

Can installation be included?

Some lenders include installation.

When did Henny Penny start?

Henny Penny was established in 1957 in Eaton, Ohio.

Fast, Flexible Financing for Your Business

Whatever your business needs, equipment, working capital, or a way to bridge cash flow, Mehmi Financial Group helps Canadian businesses get funded fast. No upfront fees, and real people who understand your industry.
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Borrow up to $10,000,000

All industries, trucks, equipment, working capital, and more

Terms up to 84 months
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