Learn how a McDonald’s franchise owner partnered with Citra to upgrade his facilities with high-quality LED lighting with miminal upfront costs.
The term of the LAAS Program will last 60 months.
After 60 months, Chapatwala will have the opportunity to own the lighting with a $1.00 buyout.
Also, Citra included a 60-month service contract as part of the LaaS Program agreement which will cover covered repairs and/or replacements of any failures during the fixed term.
Because of Citra’s LaaS Program and detailed project financial analysis, Chapatwala didn’t have to spend a significant amount of capital to obtain the benefits of new, high-quality LED lighting.
But he will not just save money; he will actually make money because he didn’t have to use his own financial resources to pay for the entire project upfront.
|Monthly Energy & Maintenance Savings||$10,446.00|
|Monthly Lighting-As-A-Service Fee||$8,816.00|
|Monthly Net Positive Cash-Flow||$1,630.00|
|Annual Net Positive Cash-Flow||$19,560.00|
|Cumulative 60-Month Cash-Flow||$97,800.00|
|Total Project Value||$452,000.00|
|Total Upfront Capital Needed (First & Last Months’ Payment Plus $250.00 Application Fee)||$17,882.00|
|Total 60-Month Net Cash-Flow to Customer||$79,918.00|
When the project began, Chapatwala placed a deposit of $17,882.00 on a project worth $452,000.00. He is estimated to make almost $80K in 5 years based on his ultimate net savings from this project, and he will have the opportunity to purchase the lighting for his company for only $1.00.
In essence, this customer will be able to upgrade his facilities without having to spend a significant capital on a project worth $452,000.00.
“Citra was very professional and very knowledgeable compared to other vendors I spoke with. They really got into the details of the solutions they provided. I felt more comfortable with Citra because they assessed my restaurant quickly to find what would be the best fit and what would work best for who we are. I found Rajul to be the most knowledgeable about LED lighting of all the vendors I talked to – even people who’ve been in the industry for decades.”-Neel Chapatwala, McDonald’s Franchisee Owner