What are the day to day operations of this route?
To summarize, you will start your day by picking up your bread order from the warehouse and then proceed to deliver product to existing accounts that include grocery stores and cash accounts usually starting in the morning hours. Your responsibilities will include the following: Evaluate and creating an order of product needed for the shelf, pull the order from your inventory, receive the order through the back door, and then fill the order to the shelf.
What are the current average sales and gross income for this route?
Currently this route averages $754,000 a year in sales. Income documentation will be provided to all serious buyers.
How do I get paid?
The routes currently receives an average of 24% commission of their net weekly sales (gross sales, minus returns) of $14,500. Which equates to $3,480 per week or $181,000 per year in commission.
How much can I make?
$3,480 per week is the routes weekly average or $181,000 per year, this number can be increased, by supporting the company’s promotions and up selling within your designated territory. Route values can also be increased by new accounts opening, new product lines being added, and simple inflation.
Can I finance the route?
Seller will finance with $150k down, at a rate of 8.5% for 10 years at a selling price of $355,000. If more financing is needed you can review additional Financing Options Here.
What are my expenses and overhead?
Expenses include, but are not limited to: fuel, payroll, vehicle repairs, insurance for the vehicles, and liability insurance for the business. The current owner estimates $88,000 per year in expenses/overhead.
Who is responsible for damaged or out of date product?
Martin’s Bread gives full credit for stale and damaged product. HUGE!
What type of vehicle do I need?
Seller will include 2 box trucks and an enclosed trailer with the purchase. Common delivery vehicles used for this type of business are box trucks or enclosed trailers. If you are considering purchasing, leasing or financing a vehicle you can review additional information here.
What is the Gross vs the Net income?
The gross income for the route is $181,000 per year, minus your above mentioned expenses of $88,000 gives you $93,000 in net income or cash flow.
How does the selling price of the route get determined?
All route sales are determined by a ratio based on a weekly sales average. The selling price of this route is $355,000 based on a weekly sales average of $14,500; you come up with a selling ratio of 24:1.
Do I have to pay for inventory or purchase product up front?
No, you do not have any out of pocket expenses when purchasing your inventory. You are however responsible for any inventory that cannot be accounted for through your sales. As long as you run the business as it is designed to operate, you will not have any out of pocket expenses or losses.
Do I have to sign a contract?
Yes, as an independent distributor you sign a service agreement. In turn the company agrees to promote and assist you in growing your business. The contract is to protect both the company and its wholesaler’s.
Why is the distributor selling?
Owner has numerous routes and is downsizing.
Where is the warehouse located?
The new owner has the option to use the warehouse located Largo, or Trinity, Florida located off of St Road 54. To save on operating expenses one driver picks up for all 3 routes.
How many accounts does the route have?
Currently there are Publix’s, SweetBay, Winn Dixie’s, Target’s, Walmart’s, and additional cash stops.
How long has the seller owned the business?
The current owner has owned this route and territory for 9 years.
How many days a week, and what hours do distributors work?
Distributors work 5 days a week 4am – 11am, taking Wednesday’s and Sunday’s off.
What about vacation time or personal days?
As an independent distributor/business owner you are responsible for servicing the route. It is our recommendation that you hire or train someone for additional time needed off. Additionally, you can network and hire distributors with previous route experience at RouteReliefDrivers.com. Route Relief Drivers is a nationwide network that allows independent route distributors and vacation relief drivers to connect with each other. Each party negotiates its own terms and compensation.
What is required in order to qualify for purchase?
Typically, most company routes or distributorships will require you to attend an interview for approval from the company, background check, and form an entity such as an LLC or Corporation. This not only protects the company, but also ensures protection of your business. If you need help forming this, we recommend that you Form A Corporation Here.
What else should I know?
Martin’s Famous Potato Roll products forged a new category in the supermarket and established the gold standard for potato roll taste and quality. Various competitors in recent years have attempted to produce a “potato roll” that matches the taste, quality, and freshness of Martin’s, but if market share is a fair indicator, none have measured up. Martin’s was the number one brand of potato rolls on the day they created the category, and they continue to dominate in the markets where they have established full distribution. In fact, some jokingly say that when this bread reaches its expiration date, it’s still fresher than the competitor’s bread the day it is delivered. Hurry Bread Routes are in demand, and Martin’s Bread leads the industry with the highest commission payouts at 24%! Plenty of growth opportunity given the large territories! Priced to sell at $355,000! Financing with $150k down! Owner will consider reasonable cash offers! Contact Us About This Route Here!
How can I learn more about these type of routes?
In order to provide New Buyers with as much information as possible we have put together a quick overview of the industry. Learn More About Martin’s Bread Routes Here!
Chat
