Profile: Vending Business Established In 1986- Large School Accounts.
|
Ad/Listing Information
|
Contact Information |
 |
|
|
| Seller Or Contact: |
Gregg Tobin, Agent
|
|
| Primary Phone: |
949-546-0903 |
|
| Alternate Phone: |
None Given |
|
| DRE Number: |
None Given |
|
| Email Address: |
Email This Advertiser |
|
| Date Started: |
10/18/09 |
|
| Date Last Revised: |
10/18/09 |
|
| BizBen Ad #: |
131525 |
|
| Financial Information |
Detailed Information |
|
| Asking Price: |
$550,000 |
| Down Payment: |
Call/Email |
| Annual Revenue: |
$871,000 |
| Annual Adjusted Net: |
$197,966 |
| Price Range: |
$500,001 to $1 Million |
|
| Franchise: |
No |
| Relocatable: |
Yes |
| Home Based: |
No |
| Real Estate Included: |
No |
| Bkr To Bkr Coop: |
No |
|
|
|
Description:
|
Vending Is One Of The Few Recession Proof Businesses On The Market Today So If You Are Seeking A Turn-Key Business With A Successful 22 Year History Then Look No Further. This Vending Machine Company Has Maintained A High Level Of Quality Service Since 1986.There Are Currently 19 Accounts In Very Large Public And Intermediate Schools Featuring Snacks, Juices, Sport Drinks, Water, Hot Beverages, Ice Cream, & Milk.
There Are Approximately 120 Machines, 3 Trucks, Warehouse Equipment And Spare Parts Included. There Are 2 Full-Time Drivers And Another Full Time Employee That Also Services The Route And Handles Repairs. The Business Is Operated Part-Absentee And The Seller Only Works About 10 Hours Per Week So An Owner Operator Could Add To The Cash Flow By Working The Business Full-Time While Reducing Expenses. There Remains A Tremendous Opportunity For Vending In Schools Due To Rapid Growth Of Students.
A Qualified Buyer May Be Able To Secure An SBA Loan On The Business. The Buyer Must Have At Least 30% Down As Well As Collateral. There Is Approximately 213,000 Of Equipment (Recently Appraised) Included. Do Not Miss Out On This Opportunity!
There Is 20,000 Inventory Not Included In The Price.
Facilities: The Business Is Located Centrally In LA County With Close Access To The 5, 605, 105, & 91 Freeways. The Office/Warehouse Is Very Efficient And The Seller Reduced The Space And Will Save 11,000 Per Year On Rent In 2009
Competition: The Stability Of The Company Is The Excellent Service Provided To The Customers. Several Of The Accounts Have Been With The Company For 15-20 Years
Growth And Expansion: A New Owner Will Benefit From The Name And Excellent Reputation That The Company Has Created. There Is Also The Opportunity To Diversify And Solicit Other Types Of Accounts
Support/Training: The Seller Will Train For 20 Business Days, 8 Hours Per Day
Reason Selling: Re-Locating
Year Established: 1986
Employees: 3.
|
For More Info Call: (Please Mention You Saw This Ad On BizBen):
Gregg Tobin, Agent at 949-546-0903 Non Disclosure Agreement |
See All Our Other Businesses For Sale We Have Available
|
|
