What are the day to day operations of this route?
To summarize your bread order is delivered from the Bakery to a warehouse at midnight. Your responsibilities will include the following: pickup product from the warehouse and deliver product to the account.
What are the current average sales and gross income for this route?
Currently this route averages $544,596 a year in sales. Income documentation will be provided to all serious buyers.
How do I get paid?
This route currently receives an average of 21% of its gross sales/deliveries or $114,365 per year in commission.
How much can I make?
$114,365 per year or $2,199 per week is the routes weekly commission collected, this number can be increased by new accounts opening, new product lines being added, and simple inflation.
Can I finance the route?
Yes, the company will finance an estimated $100,000 for 10 years with an estimated interest rate of 9.5%. Need more? Apply Here Unfortunately banks will NOT write business loans against route based businesses.
What are my expenses and overhead?
Expenses include, but are not limited to: stale or damaged product, fuel, repair, payroll and insurance. The current owner estimates $10,504 per year or $202 per week in operating expenses.
What type of insurance do I need?
Typically a single owner operator of a route distributorship will need commercial insurance for their delivery vehicle and business liability insurance. Owners with multiple employees will need a multiple vehicle policy and worker’s compensation. Routes For Sale now offers discounts on insurance! Through our size and volume, we have partnered with some of the largest insurance brokers in the nation to offer the best rates. Request Your Free Insurance Quote Here.
What type of vehicle do I need?
There is no vehicle included in this sale. Common delivery vehicles used for this type of business are box trucks or trailers. When considering an additional truck purchase, Routes For Sale recommends MAG Trucks.
What is the Gross vs the Net income?
The gross income for the route is $114,365 per year, minus your above mentioned expenses of $10,504 gives you $103,861 in net income or cash flow.
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.
Who is responsible for damaged or out of date product?
Aunt Millie’s gives full credit for stale and damaged product. HUGE!
Do I have to sign a contract?
Yes, as an independent distributor you sign a service agreement to represent the company. 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 is changing careers.
How many accounts does the route have and where is the warehouse located?
Currently this route services 10 accounts including grocery stores and gas stations. The locations of the accounts and the warehouse will be disclosed upon execution of a standard Non Disclosure Agreement.
How long has the seller owned the business?
The current seller has owned this route and territory for 4 years.
How many days a week, and what hours do distributors work?
Most distributors work 5 days a week with Wednesdays and Sundays off typically starting in the early morning hours. Current distributor works 3am – 12pm.
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.
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 in most cases require the buyer to form some type of 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?
Aunt Millie’s Bakeries is a family-owned company headquartered in Fort Wayne, Indiana. Aunt Millie’s operates seven bakeries and distributes its many brands throughout most of Indiana, Michigan, and Ohio. Aunt Millie’s is continuing to expand into eastern Illinois and northern Kentucky. Aunt Millie’s produces baked goods including bread, buns, rolls, English muffins, bagels, and muffins. Large operation with plenty of growth opportunity! Great income and turnkey business for $157,000! Financing with an estimated $57k down. The company also offers advertising incentives to distributors for wearing company shirts and displaying the company logo’s on their vehicle. Seller estimates this to be an additional $6,420 per year – $120 per week that is not figured into the above gross. 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 Independent Bread Routes Here! For additional Consulting Services with one of our route specialists Request A Consultation Here.