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02-18-2015, 03:48 PM #1
POS Financing - Poker Room x 2
We are working a deal with a 2 location poker room for their POS system. We will be reusing their existing hardware and changing software and back office server only. For this reason , traditional POS lease programs don't fit.
Wanted to see if there are options for software only leasing or financing that's not a cash advance for $20k over 60mos per 2 locations.
1 of the poker rooms does $2.4M/mo other does $1.5M/mo.
Why do they need to finance if they are flush ... because that put them cash flow positive on my POS.
Short of it, they will make an extra $2-3k/mo per location using our POS. Otherwise, they wouldn't be open to switching.
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