What is the current yearly gross for this route?
Currently this route grosses $279,863 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 $5,382 ($1,076 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, warehouse fees, handheld computer, and insurance for your business. The current owner estimates $17,700 per year in expenses/overhead.
What type of vehicle do I need?
There is no vehicle included in the purchase. The current owner services this route using a 2010 Isuzu NPR box truck (estimated value is $15,000) and a 2016 Road Force Trailer (estimated value is $2,500). These are available to purchase as a separate transaction. Common delivery vehicles are vans, cargo trailers, or box trucks. When considering additional 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 $55,973 per year, minus $17,700 estimated yearly expenses as mentioned above gives you the net of $38,273 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?
Seller is starting a new business.
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 over 4 years.
How many days a week, and what hours do distributors work?
You create your own working schedule. Current owner services the route 3 days a week in winter and 4 days a week in summer, with the 4th week of every month being off.
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 Western Montana and Billings as well as Eastern Idaho (from I15 to Idaho Falls/Rexburg). Priced at $49,900! Contact Us About This Route Here!
How can I learn more about these type of routes?
For additional Consulting Services with one of our route specialists Request A Consultation Here.
