Laundromat Resource › Forums › Financing › Down Payment › Reply To: Down Payment
Austin, I am kind of reading between the lines and comparing information but will take a stab or a guess.
When talking to the distributor they were likely describing financing a new store “build”
The amount named by the distributor you talked to is right about the cost to outfit the infrastructure. Electrical, plumbing, hooking up to the sewer system, fees etc.
The “down payment” or skin in the game is paying for all of those infrastruture items while the funding company/ lender is most likely financing 100% of the equipment and related items.
The approach Jason described is more. likely for buying an existing store and sounds like what you are asking about. Just to me the distributor’s answer sounds like for a new store.
