Supplier Father Gave Luke's Lobster 90-Day Payment Terms to Float Cash
Luke Holden · Live Episode! Luke's Lobster: Luke Holden and Ben Conniff · Nov 7, 2019 · at 24:16
Luke Holden, co-founder of Luke's Lobster, describes how his father's Maine lobster processing plant helped supply inventory when launching their first restaurant in 2009.
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“We were, and luckily he didn't make us pay for the first 90 days. So that really helped cash flow in the beginning.”
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