What are the current average sales and gross income for this route?
Currently this route grosses $789,574 in yearly sales, and nets $83,441 per year. Income documentation will be provided and is documented by logs as this is an all cash business.
How do I get paid?
As an independent operator you are paid by purchasing product at wholesale cost and selling it to your customer base within the store locations.
How much can I make?
This business has unlimited growth potential and can be operated anywhere. The yearly sales can be increased by new accounts being established and new products added.
Can I finance the route?
There is no seller financing for this route, and unfortunately banks will NOT write business loans against route based businesses for several reasons. However if you need money, you can review additional Financing Options Here
What are my expenses and overhead?
Expenses include, but are not limited to: product cost, vehicle expenses, bank service charges, office expenses, utilities, rent expenses, repairs, and insurance. The above cash flow represents the profit after an estimated $706,133 in operating cost and expenses are subtracted.
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?
The current owner services this route using a 2017 Ford Transit Van (133k miles) that could be made available as a separate transaction and would have an assumable lease. When assuming a vehicle loan or lease a credit check may be required. 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 $789,574 per year, minus your above mentioned operating expenses of $706,133, gives you $83,441 in net income or cash flow.
How does the selling price of the route get determined?
To determine a business’s price, a standard formula is to multiply 2 years of the net plus consideration of business assets. This route is priced to sell!
Do I have to pay for inventory or purchase product up front?
The business requires you to purchase product at wholesale through a novelty wholesale company.
Who is responsible for damaged or out of date product?
You are responsible for the product you purchase.
Why is the owner selling?
The owner is retiring.
Where is the warehouse located?
The new owner will have to arrange their own warehouse.
How many accounts does the route have?
This route has 43 accounts.
Does the owner have contracts in place with customers?
The accounts have month to month contracts.
How long has the seller owned the business?
The current owner has owned this business for 17 years.
How many days a week, and what hours does the owner work?
The current owner services the route 6 days a week for as many hours as is required to service the accounts. Hours and days are flexible and can be customized to each individuals needs.
What about vacation time or personal days?
As an independent business owner you are responsible for servicing your accounts. It is our recommendation that you hire or train someone for additional time needed off.
What do you recommend when purchasing a business?
When purchasing this type of business we recommend forming some type of entity such as an LLC or Corporation to do business under. This not only offer protection for your personal assets, 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?
Be Your Own Boss with flexible hours! Unlimited growth opportunity! This business is a 100% cash-only business that offers a residual income! The long cherished notion of getting a job that would provide both long term security and benefits is close to disappearing in the American workplace. It is no surprise that more people today want to do “their own thing”. Hurry this won’t last long! Priced to sell at $149,000 Contact Us About This Route Here!