Although January 2020 was the eve of a tumultuous era, it proved an ideal time for Paul Dowdy to expand Royal Restrooms.
Paul explains that “a lot of businesses had to split their offices” to accommodate social distancing, referring to his partnerships with military sites and other businesses in the Lynchburg area. The need to meet COVID-19’s distancing requirements — in addition to maintaining compliance with OSHA standards — made 2020-21 a prosperous year for Royal Restrooms.
When asked to reflect on his favorite part of the business, Paul cites its constant growth as a result of his partnership with the Longwood SBDC. “We can’t get the inventory in fast enough because we’re getting so many requests,” he says. “We just can’t keep up with supply and demand.”
Paul learned about the SBDC while working at a wedding in Danville. He initially sought help from another small business agency; however, with his company’s rapid expansion, he found that the Longwood SBDC better suited his needs by offering more one-on-one support.
Michael Duncan, Paul’s SBDC advisor, offers such support. He is particularly helpful when making projections and keeping track of finances. This help allowed Paul to secure $230,000 in loans and achieve a 33% increase in net income on 15% increase in sales. Michael is also working to enroll Paul in a finance course at Longwood so that Royal Restrooms can continue to grow. Paul hopes to open 20 offices in the future.
Paul expressed sincere appreciation for Michael’s mentorship and guidance, as well as for the SBDC as a whole. “I wouldn’t be where I am today without him guiding me,” he says. “I like him because he’s straight to the point. We joke, we kid, but when it gets down to business everything is cut and dry.”
Paul has already recommended the SBDC to several other small business owners, and as he continues to expand, he will continue using their resources.