This winter’s harsh weather demonstrated the continuing importance of weather as a near-term driver of energy prices. Frequent cold snaps led to both higher gas prices and increased price volatility. The experts at CapRock Services recommend business owners call their energy providers and lock in a 12 month or 2 year rate during the spring time, when the prices tend to be lower.
“We haven’t seen a winter this bad for years, and when winter hits hard, businesses are hit hard too,” said Joe Womack, President of CapRock Services. “We have seen businesses shut down for days and the cost of heating soar during the worst months. This means a huge loss of revenue and mounting bills. It may seem counterintuitive, but the best time to lock in reasonable rates are during the spring months.”
“We have seen a rough winter and so many businesses suffering from energy price hikes. Our client, Advanced Motor Sports Ducati Dealership, came to us for a new quote and we were able to get them down 5.5 cents per kwh, from 7.6 cents. It doesn’t sound like much now, but when you lock in the low rate and add the figures up over the course of a year, the savings are very significant,’ Womack continues.
CapRock Services, a Dallas-based financial services company which provides working capital and business solutions to hospitality clients across the United States, is helping businesses in the North East get through the winter months with growth capital.
“We have not seen a winter this bad in about 40 years. Small businesses from Philadelphia to New York City, are having to close their doors as they are unable to open during harsh winter conditions,” explains Joe Womack, President of CapRock Services. “When guests aren’t coming through your doors and buying your products and services, the business suffers, and bills add up. So many small businesses are in need of a little help and we are glad we can be there for them!”
CapRock Services’ Growth Capital platform makes access to capital simple without having to give up equity in the business. CapRock buys your future sales, at a discount, for a lump sum of working capital today. As the business processes credit card sales going forward, CapRock takes a small percentage of every day’s batch as repayment until the account is paid in full.
To learn how CapRock Services can help your small business, call our CapRock Concierge today – 866.962.4922!
“In the service world we engage with many consultants who lose interest once our business has been won. No matter the situation or the time of day or night there is always a CapRock employee that we can reach out to for advice and consultation. CapRock Services has been more than simply a service provider for us – they are true partners. The employees of CapRock consider our business an extension of their own.” – Josh Sepkowitz and Kyle Noonan
Josh Sepkowitz and Kyle Noonan are owners of Free Range Concepts, a Dallas-based, restaurant and hospitality concept development company, and owners of Bowl and Barrel, The Rustic, and Mutts Cantina. Josh and Kyle have been long time CapRock clients and are passionate about the restaurant industry.