Profitable High Tech Vending Company
Location Texas,United States
Asking Price Range $250K - $500K
Gross Revenues $352011
Net Profit / Cash Flow $74273
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 2006
Number of Employees 1 - 3
Inventory 37660
Relocatable Yes
Number of Employees 1 - 3
Real Estate Leased
Training Owner will train for 30 days at no cost. Franchisor offers training at a nominal cost.
Reason for Sale Owner has another job and can no longer do both.
Description This route has a proven track record with a stable customer base. The growth opportunity is substantial since the owner has been working another job and has not prospected in his route territory. This particular route is exceptional due to its geographic efficiency and an average 10% commission which is low for the industry. The owner manages his cost of goods sold at 42%. This business is a franchise with a unique business model based on quality vending machines that have been equipped with service-driven proprietary technology that is easily operated from your computer. This technology allows you to track sales and profits of individual machines as well as each product in those machines. It automates the management of your machine 'fills', eliminating unnecessary machine visits by ensuring you have the right products and quantities for restocking. The owner's assets are only two years old; the vehicle has very mileage and an extended warranty. All equipment needed to operate the route is included in the sale except a computer. Inventory of $10,000 is included in the sales price. The franchisor has a sales team that will add accounts to your route and there are incentives for the route owner to find new accounts as well. The owner used the franchisor's storage area option for $450/month. This could be reduced or saved if a new owner had optional storage for inventory or wanted to rent storage elsewhere. Convenience retailing via vending is one of the world's fastest growing retail businesses. Vending is typically very capital intensive but this business offers the opportunity to be part of this dynamic industry at a fraction of the cost. The current owner has an SBA loan so financing should be available for a qualified buyer. Some seller financing will be considered for the right buyer.
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