Heartland Waffle Route for sale in the Philadelphia, Pennsylvania area for $80,000! Currently grossing $336,099 in revenue and nets $56,950 per year as an owner/operator of the business. Seller distributes to 186 accounts that include hotels and restaurants. Accounts are serviced once a month and the current owner is able to service this route in 3-4 days a week. Heartland Foods currently distributes its brand of waffle mix, pancake mix, syrup, fruit toppings, waffle cups, pans and ranges. Territory is purchased through independent distributor and contracted through Heartland. Huge growth potential!
Frequently Asked Questions:
What is the current yearly gross for this route?
Currently this route grosses $336,099 per year. Income documentation will be provided to all serious buyers.
How do I get paid?
As an independent distributor you are paid a commission of your gross sales. Commissions vary depending on the products sold. This route currently receives an average of 20% of its gross weekly sales of $6,463 ($1,293 per week).
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: fuel, repairs, storage facility, handheld computer and insurance. The current owner estimates $10,270 per year in expenses/overhead.
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 the purchase. Common delivery vehicles are vans, cargo trailers, or box trucks. When considering a vehicle lease or purchase, Routes For Sale recommends Bush Trucks.
What is the Gross vs the Net income?
The gross income for the route is $67,220 per year, minus $10,270 estimated yearly expenses as mentioned above gives you the net of $56,950 per year as an owner/operator of the business.
How does the selling price of the route get determined?
All Heartland routes determine the selling price of their route by using a 2-3 multiple of their yearly cash flow/net income, plus assets.
What are the company requirements?
Heartland requires a background check, you must have no felonies and have a decent driving record.
Do I have to sign a contract?
Yes, as an independent distributor you sign a service agreement to represent Heartland. The contract is to protect both the company and its independent operators.
Why is the distributor selling?
Owner is selling due to personal reasons.
Where is the pickup location?
You will be required to rent/own a viable storage facility that can be located in an area of your choice. Current owner rents a location within the territory.
How long has the business been established?
The current seller has owned the business for 5 years.
How many days a week, and what hours do distributors work?
You create your own working schedule. Current owner works 3-4 days per week.
What about vacation time or personal days?
As an independent operator/business owner you are responsible for the route being serviced. It is our recommendation that you hire/train someone to cover for personal 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?
This Heartland Waffle Route has a large territory and opportunity for growth! Established & Turnkey… Start making income the day you take it over. Territory for this route includes the Philadelphia, Pennsylvania region. Priced at $80,000! Contact Us About This Route Here!
Disclaimer: Routes For Sale is a Broker that brings buyers and sellers together. Routes For Sale does not represent, or is not affiliated with the company the distributorship is being offered. All agreements are made between the buyer and seller and not Routes For Sale. It is the prospective Buyer’s duty and obligation to verify the accuracy of the Seller’s representations and if necessary retain attorneys, accountants, business appraisers, or other professionals. The representation of income is based on a current 52 week sales average generated by the efforts of the current owner. As with any business you can make more or less.
Pennsylvania Philadelphia Pennsylvania United States