The Challenge
A boutique cosmetics warehouse purchased a 6-month-old second-hand forklift from an auction house. They quickly realised it tied up more money from his business than they'd originally planned and wanted to find a way to remove capital costs associated with assets and still use those assets.
Trying to find an alternative they contacted their broker, who suggested a sale and leaseback using grenke.
The Solution
A boutique cosmetics warehouse purchased a 6-month-old second-hand forklift from an auction house. They quickly realised it tied up more money from his business than they'd originally planned and wanted to find a way to remove capital costs associated with assets and still use those assets.
Trying to find an alternative they contacted their broker, who suggested a sale and leaseback using grenke.
The Outcome
By getting its purchase capital back, the business could focus on its daily operations, getting back to doing what it did best with the stability of knowing its monthly deductions with grenke.
Do you have a client that needs a specific piece of equipment to achieve innovation? grenke allows them to finance capital-intensive investments and consistently retain their cutting edge. We offer more, so you can offer more.
If you think you have a similar deal, or if you have a deal you want to workshop, reach out to your local grenke relationship manager to talk today.
