Lolly is a Point of Sale (PoS) and payment specialist serving small UK hospitality businesses including coffee shops, pubs, clubs, mobile caterers, pop ups and contract caterers. It makes the point of sale, simple, efficient and dependable, every time - anywhere.
The company supports hospitality providers at every stage, from start-up through to large caterers. At a starting price of £30 per month, or £1 per day enterprise systems are available to the smallest provider - helping them to work efficiently, and to grow. Lolly provides a powerful real-time back-office that manages stock inventory, wastage and profit and loss - helping the hospitality provider to keep on top of their business.
Here are a couple of examples of Lolly innovation:
Merchant Cash Advance
In response to the hospitality sector's continued growth, Lolly has launched merchant cash advance - helping to support its customers to increase capacity and to meet demand.
Merchant cash advances, repaid as a pre-agreed percentage of future sales, are becoming increasingly popular due to their flexible nature and the fact that the repayment plan accounts for seasonal income variations. It provides businesses, that take credit and debit card payments, with a low risk cash advance. This financing has a much lower impact on their cash flow because repayment is based on their day-to-day trading levels.
Peter Moore, CEO at Lolly, said: “We specialise in supporting small businesses across the UK's hospitality industry. And we want to help our customers to expand, refurbish and restock, which is why we have chosen to launch merchant cash advance finance. I believe it is becoming the smarter, low risk way to finance their business.
"We understand the difficulties that seasonal and fledging hospitality providers face. For many, it makes sense to have the flexibility to receive funding during quieter months - when it’s most needed - knowing that payback will happen in mid to high season."
The service is offered in conjunction with Liquid Finance Partners Limited.
Eligible businesses include those which have been trading for 12 months or more, and who take between £3,500 and £250,000 per month through credit and debit card payments.
Unlike a loan, merchant cash advances are unsecured and processed faster than a typical loan and give quick access to capital when needed. How much and how long a provider repays fluctuates with sales volumes - giving greater flexibility to manage cash flow.
LollyTab
The launch of LollyTab creates an affordable 'all-in-one', queue-busting solution. Designed for coffee shops, food to go and contract caterers. The product is a Windows Tablet PC which can be countertop fixed or detached from its dock to go portable.
When portable, the tablet creates a queue busting solution, where staff can take orders in the queue to speed up service time. The tablet can be networked to enable remote printing, send orders to food or drink preparation areas and increase work flow efficiency.
Peter Moore said: "LollyTab gives our customers real flexibility and control over their sales. Gone are the days of needing two expensive EPoS units, one system can now work across an entire site - maximising flexibility, service and sales potential."
Find Lolly online
Website|www.itslolly.com
Facebook|www.facebook.com/LollyLtd
Twitter|https://twitter.com/Its_Lolly_Ltd