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Lease Is MoreEquipment leasing companies are flush with cash - and they want your business.
ByArt Beroff•
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When Bill and Peggy Kensi took over Royal Laundry of Texas Inc.in 1996, the company was breaking even with sales of approximately$500,000. With some focused marketing efforts, the potential thecouple had seen in the business quickly materialized from suchcustomers as Electronic Data Systems Corp., American Airlines and alarge, local hospital group.
To answer the growing demand, the Kensis needed newequipment--and lots of it. Unfortunately, the cost of thedry-cleaning machines, automated folders and high-speed irons theyrequired totaled about $500,000.
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