How MJ Highway use PayLater to expand margins and smooth cashflow

At a glance

MJ Highway Bottleshop, along with its sister location KJ Liquor Stores, is a family owned liquor store based in Tulsa, OK. Jacob, the business owner, was seeking a better solution to help expand his customer demographics and generate higher more margins per order.

Solutions

Daylit was able to instantly approve MJ Highway for a $75k credit line that scaled with their success - Jacob's total line is now $115k. Daylit's PayLater helped MJ Highway take advantage of strategic buying on deep downs and expand the product selection to offer more expensive products. With Daylit's help, MJ Highway opened up to a larger audience by carrying more premium products that could be delivered with Drizly &DoorDash - taking advantage of volume discounting with PayLater.

Benefits

PayLater boosted buying power on premiums

Ability to order expensive bottles and cases outside the typical weekly budget.

Higher margins with strategic buys

Allowed Jacob to take advantage of deep downs and volume discounts using his $115k credit line.

Manage cash flow for ordering

PayLater's smart payback helps manage cash flow between busy and slow seasons.

Simple to use system

Daylit's system is easy to use, find reporting, and get in touch with support for quick questions.

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"As the owner of two liquor stores, I'm always looking for ways to compete with the larger retailers. PayLater was the answer." Jacob Stockham. Owner

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Results

8%

Average margin earned by using PayLater on larger orders.

$5

Average increase in profit made per premium bottle.

0%

Out of stock on all customer favorites

3x

Strategically buy on deep downs throughout the year.

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