Snyder’s-Lance Chip Route For Sale – Fort Lauderdale, Florida
Snyder’s-Lance Chip route for sale in the Fort Lauderdale, Florida region for $229,900! Requires an estimated $45,980 down! Currently generating an estimated $418,548 in yearly sales and nets $61,377! Distributorship and territory is purchased through Snyder’s-Lance. Snyder’s-Lance currently distributes its well-known brand of Snyder’s Pretzels, Lance Crackers, Stella Dora, Kruncher’s, Beef Jerky, Archway Cookies, Cape Cod Chips, Grande, Eat Smart, and more. This route currently has 9 accounts delivering to popular grocery stores. Growth within the territory, including 7 new high-rises under construction, one of which will be the tallest in the city, means many more cash accounts can be added. Plenty of growth potential! Turnkey business backed by a publicly traded company on the NYSE!
Frequently Asked Questions:
What are the day to day operations of this route?
To summarize, you will deliver product to existing accounts that include grocery stores usually starting in the morning hours. Your responsibilities will include the following: evaluating 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. After servicing your accounts for the day you will proceed to the warehouse to pick up additional product for deliveries the following day.
What are the current average sales for this route?
Currently this route averages $8,049 per week or $418,548 per year. Documentation will be provided to all serious buyers.
How do I get paid?
As an independent distributor you are paid by commission. Commission varies depending on the items sold. This route currently receives an average of 17% of its net weekly sales (after promotional contribution) of $8,049 ($1,368 per week).
How much can I make?
$1,368 per week is the routes weekly average, or a gross of $71,153 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 stores opening, new product lines being added, and simple inflation.
Can I finance the route?
Yes, the company will offer financing through a third party at an estimated $183,920 for 10 years. Additional qualifications require no bankruptcies or felonies. Down payment for the remaining balance requires a certified cashier’s check. 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: route payment (if you finance), fuel, stale or damaged product, vehicle repairs, computer, and insurance (Note: route payments vary for each distributor, depending on how much money you put down verses how much you finance). The current owner estimates $188 per week or $9,776 per year in expenses/overhead (Note: Expenses represent a cash purchase and do not account for finance payments if requiring a loan to purchase).
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 with this purchase. Common delivery vehicles used for this type of business are box trucks or trailers. 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 $71,153 per year, minus your $9,776 estimated yearly operating expenses as mentioned above gives you the net of $61,377 per year!
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 $229,900 based on a weekly sales average of $8,049; you come up with a selling ratio of approximately 28.6:1!
Do I have to pay for inventory or purchase product up front?
No, you do not have any upfront or out of pocket expenses when purchasing your inventory (inventory is carried from week to week). However, you are responsible for any inventory that is not sold on a weekly basis. Any inventory carried over to the following week will be credited to the following weeks sales/commission.
Do I have to sign a contract?
Yes, as an independent distributor you sign a service agreement to represent Snyder’s-Lance. The contract is to protect both the company and its distributors.
Why is the distributor selling?
Owner is moving.
How many accounts does the route have and where is the warehouse located?
The route consists of 9 accounts that include popular grocery stores. Location of accounts and warehouse will be disclosed upon execution of an NDA.
How long has the seller owned the route?
Current owner has owned this route through Snyder’s-Lance for 1 year. The route has been established for years prior.
Do I get paid full commission when something goes on sale?
During promotions the distributor contributes 17% of the promotion allowance and the company assumes the remaining 83%.
How many days a week, and what hours do distributors work?
The current distributor works 5 days a week, taking Thursday and Sunday off, for approximately 30 hours each week. Early morning hours are required.
What about vacation time or personal days?
As an independent distributor/business owner you are responsible for servicing the route. In most cases there is a qualified “go to” person who is familiar with the company’s routes through networking with other distributors. Another option is to 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?
Snyder’s-Lance merged making them the second largest salty snack producer in the country! The company continues to be aggressive promoting growth and adding new product lines. High income producing routes don’t last long! Priced at $229,900 and financing offered with $45,980 down! 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.