PRICE: $75,000 – WEEKLY SALES: $2,100 (2019), $1,250 (2020 COVID)
This listing is for a vending machine route with accounts in Newark, Elkton, Middletown, North East and Wilmington. The asking for this route is $74,000. The owner services 24 vending machines at 23 accounts in the area. Accounts consist of schools, apartment complexes, gyms and other types of businesses. All of the vending machines and any other miscellaneous equipment used to run the route will also be included. The route averaged approximately $2,100 per week in gross sales volume in 2019.
WHAT ARE THE DAILY RESPONSIBILITIES OF THE ROUTE OWNER?
The route owner is responsible for servicing their customer base and ensuring that the vending machines are well stocked and maintained for the consumer. Route owners will order, deliver and stock product accordingly. The current owner estimates an average of approximately 30 hours of service time per week. The current owner typically works Monday-Friday between 8am and 5pm.
GROSS EARNINGS/COMMISSIONS
This route did $2,100 per week in gross sales during 2019. Sales volume in 2020 was around $1,250 per week largely due to COVID shutdowns and restrictions. Sales volume is expected to increase to $2,000+ in 2021
OPERATING COSTS
Typical expenses include cost of goods sold (inventory), fuel/gas, storage and vending equipment maintenance. The current owner estimates $900 per week in route operating expenses. Operating costs will vary from owner to owner depending on a variety of factors. This leaves a net cash flow of approximately $1,200 per week for the route owner (pre-COVID)
GROWTH POTENTIAL
The owner can add new accounts as they see fit. There really is no growth limits for a vending route. If you are motivated and want to find/secure new accounts then you are certainly free to do so. Several accounts would be terrific candidates for an open market which would also drive revenue/ profit higher
FINANCING
No owner or company financing is available. Third party funding may be available for qualified buyers (680+ credit score, clean credit history, etc)
VEHICLE AND OTHER EQUIPMENT
All vending machines and any other misc equipment such as crates, dollies, repair parts, etc.
TRAINING
The current owner has agreed to provide training to the buyer.
SCHEDULE
The route owner simply needs to make sure that their customers are taken care of, inventory is being managed properly, and sales are being maximized. Sales volume varies from week to week and month to month. Most weeks require approximately 30 hours of week with flexibility on days/hours.
REQUEST MORE INFORMATION
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