What are the current average sales and gross income for this route?
Currently this route grosses $46,763 in yearly sales, and nets $23,068 per year. Income documentation will be provided to all serious buyers.
How do I get paid?
As an independent operator you are make money by purchasing product at wholesale cost and selling it to your customer base via the vending machines.
How much can I make?
Vending businesses have unlimited growth potential and can be operated anywhere. The yearly sales can be increased by new accounts being established. New accounts can be established in person or by hiring a vending locating company.
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. You can review additional Financing Options Here.
What are my expenses and overhead?
Expenses include, but are not limited to: product cost, taxes, machine repairs, gas, vehicle expenses, and insurance. The above cash flow represents the profit after an estimated $23,695 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 workers’ 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 the route with a 2011 Ford Ecoline (290,000 miles) that is included with the purchase. Estimated value is $5,000. The route can be operated with a personal truck or van. When considering an additional truck purchase, Routes For Sale recommends MAG Trucks.
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 business is priced aggressively to sell!
Do I have to pay for inventory or purchase product up front?
Yes, the business requires you to purchase product at wholesale through your supplier.
Who is responsible for damaged or out of date product?
You are responsible for the product you purchase.
Why is the owner selling?
Seller does not have time to service the route.
Where is the warehouse located?
No warehouse is required. Current owner operates the route out of their residence.
How many accounts does the route have?
Currently there are 13 accounts and 32 machines with the accounts located in the Chicago, Illinois area. There are also 15 stored machines not currently placed.
Does the owner have contracts in place with customers?
Yes, there are contracts with some of the locations.
How long has the seller owned the business?
The current owner has owned this business for 20 years.
How many days a week, and what hours does the owner work?
Current owner works approximately 24-32 hours a week. Hours and days are flexible and can be customized to each individual’s needs.
What about vacation time or personal days?
As a business owner you are responsible for servicing the route. It is our recommendation that you hire or train someone for additional time needed off. Additionally, you can network and hire relief drivers with previous route experience at RouteReliefDrivers.com. Route Relief Drivers is a nationwide network that allows independent route distributors and vacation relief drivers to connect with each other. Each party negotiates its own terms and compensation.
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 offers 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! The vending machine 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! Great supplemental and passive income for only $58,900!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.