Nickerson Arena Curtain Lease / Purchase Program
Nickerson Arena Curtains is pleased to announce a new financing tool that can provide arena curtain systems to you with no initial cash outlay and reasonable monthly payments.
How does it work?
A contract would be awarded to Nickerson for the curtain system.
Nickerson, in turn, will sell the contract to one of our leasing associates for the contract amount.
The arena then would enter into an agreement with the leasing company to make lease payments over a five-year period.
At the end of the five-year period, or sooner if payments are accelerated, the arena buys the curtain system for one dollar.
Lease payments can be arranged on a monthly basis or yearly. Sales tax is paid on each payment. If a government agency is the lessee there is no sales tax and the cost of the lease will be a little less.
What kind of dollars does an arena have to generate to make the system pay? Lets look at a typical half house curtain system. Three hundred feet wide, 65 feet high, complete with truss, drape, chain motors, controls, and initial installation. Typical cost would be in the range of $150,000.00. The arena would need to generate $2,928.00 plus tax for the monthly payment. At the end of five years the system would belong to the arena.
An upper deck house reduction system could run as high as $500,000.00. The price would include a complete turnkey operation, with the most advanced house reduction system on the market. Sixty payments of $9,760.00 would cover the cost.
These figures are estimates and could change depending on the cost of money at the time of the contract. Keep in mind that now is a very good time to buy, interest rates are low. Also remember that rates will be lower for government agencies.
Nickerson is a leader in arena curtain design and innovation. You will receive personal service from an organization that has installed hundreds of curtains throughout the United States.