What are the current average sales and gross income for this route?
Currently this route grosses $33,020 in yearly sales, and nets $10,430 per year. Income documentation will be provided to all serious buyers. Owner runs the route as a cash business and is selling as an asset sale for machine values only.
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. This route currently receives an average profit margin of 40%.
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, machine repairs, gas, vehicle expenses, and insurance. The above cash flow represents the profit after an estimated $22,589 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?
There is no vehicle included in the purchase. The route can be operated with a personal truck or van. When considering purchasing a truck, Routes For Sale recommends MAG Trucks.
What is the Gross vs the Net income?
The gross income for the route is $33,020 per year, minus your above mentioned operating expenses of $22,589, gives you $10,430 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 beoing sold for the value of it’s vending machines at $25k.
Do I have to pay for inventory or purchase product up front?
Yes, the business requires you to purchase product at wholesale through wholesale retailers such as Sam’s Club, and othe rvending supply companies.
Who is responsible for damaged or out of date product?
You are responsible for the product you purchase.
What type of machines does the business operate?
The machines include 11 2009-2010 Planet Antares Office Deli Combination Machines (allows you to sell soda, snack, and meals), and 1 Vendo 540 Soda Machine.
Why is the owner selling?
Owners job is requiring him to travel full time.
Where is the warehouse located?
No warehouse is required. Current owner operates from his home.
How many accounts does the route have?
Currently there are 7 accounts and 12 machines with the majority of the accounts located in Wilmington, North carolina.
Does the owner have contracts in place with customers?
No, the majority of the business is operated without customer contracts. From experience the owner has found that developing positive customer relationships is better than contracts.
How long has the seller owned the business?
The current owner has owned this business for 3 years.
How many days a week, and what hours does the owner work?
Owner works 2 days per week 4 hours each day. Hours and days are flexible and can be customized to each individuals 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”. Vending is one of the final frontiers. Hurry this won’t last long! Great supplemental and passive income and very part-time! Priced to sell for the cost of the equipment at $25,000! 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.