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What Should I Be Looking For When Buying A Vending Route?

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Comments & Replies: 2     Views: 2622     Posted By: Peter Siegel MBA  Peter Siegel MBA: BizBen Founder, ProBuy/ProSell Program Director



Topics: Business Brokerage, Business Opportunities     Tags: buying a business



When buying a vending route, there are several things you need to look for.

Location

The location of the business’s vending machines is the first thing you should review when you are doing your due diligence on prospective routes for sale. He best routes have machines placed in places that get regular foot traffic. Businesses and office complexes make perfect locations.

Equipment

The next thing you will want to look at is the quality and age of the equipment. A new vending machine can cost thousands so be sure that the route’s machine’s are in good shape and are in working condition.

Products

Lastly, you will want consider the type of products they are carrying. Vending machines that carry perishables like sandwiches will have to be maintained on a daily basis. Machines that carry snacks and soft drinks require less maintenance. Knowing how much time you want to put into the business will help you make this decision.

A vending route can be a great opportunity if you know what you are looking for and many can be acquired for a relatively small investment.


We are in due diligence right now for the sale of a vending business in the Bay Area. These businesses can generate comfortable, steady, sustainable profits.

A few additional considerations:

1. Be sure to determine which machines are owned, which are leased, and which are on loan from the particular vendor (often the case for soft drink vending machines).
2. Determine how secure the locations are and how long they have been in place. Contracts for locations are no longer the trend--locations can be canceled with little or no notice.
3. Obtain maintenance and service records for the machines.
4. Determine how much of the business is traditional vending (cash sales by the consumer) and how much is "free vend" or "pantry" service (where the owner of the location pays for the food and drinks).
5. Examine the logistics of the route. Is it designed for the maximum efficiency with locations clustered together rather than being strung out over distances. The more compact the route, the more efficient and economical the business is.
6. Check on having redundant and alternative suppliers so that you aren't at the mercy of any one vendor.


  Helpful Resources To Assist In Selling And Buying California Businesses
Brad Steinberg, Broker - Laundromat Specialists

PWS is the leading laundromat broker in California. Since 1968 PWS has brokered over 2,500 laundromat sales. With over 90 employees dedicated to the coin laundry industry, PWS has 18 licensed agents, a 3 person in-house finance department, 10 service technicians and a 20 person parts department.

Mark Chatow, Esq.: Legal Services For Buying, Selling Businesses

Mark has a broad range of small business purchase & sale experience from analyzing potential acquisition targets to successfully guiding buyers and sellers through the purchase & sale of small businesses. Mark can assist with contracts, negotiations, legal matters, etc. Reach Mark at 949-478-8393.

Helen Yoo: Escrow & Bulk Sale Services - Southern California

New Century Escrow, Inc. is a fully licensed & bonded independent escrow company. Over 20 years combined experience in handling bulk escrow transactions. Multi-lingual staff that speaks your language, including Korean, Chinese, Vietnamese. Call Helen Yoo direct at 626-890-1151.

Peter Siegel, MBA - SBA Loans, Non SBA Financing Assistance

For over 25 years I have provided niche business purchase financial advisory and loan placement services with SBA and Non-SBA Loans, Retirement Plan Conversions, Private Investors, etc. Financing amounts available: $20K to $7MM. Call today to get pre-qualified or receive financing: 866-270-6278.

Rob Hartman: Business Broker, SF Bay Area

Business brokerage services in the SF Bay Area. I bring skill, integrity and energy to all of my clients and our projects. I'm accustomed to working with a wide variety of clients and their businesses; large or small, simple or highly complex. Get a free consultation by phoning 650-279-3097.

AJ Rana - Business Broker, San Francisco Bay Area

Professionals who understand the importance of world class business brokerage service and the value it can create. Specializing in assisting sellers and buyers with retail stores, restaurants, hospitality & lodging, manufacturing operations, distribution companies, e-commerce and service businesses.

William Park, Business Broker - Southern California

Highest Volume Broker in California, Simply Check our HUNDREDS of Listings! Over 25 Associates, Speaking Dozen Languages, Helping Buyers and Sellers of Small Business since 1982, Centrally Located between Los Angeles and Orange Counties, while Riverside & San Bernardino Counties are Very Accessible.

Elizabeth McGovern: Escrow Services - SF Bay Area

McGovern Escrow Services, Inc., is a leading independent escrow company. We are a trusted partner with our clients, assisting them through the tangled bulk sale & liquor license transfer process. We provide attentive, quality & innovative customer service. Phone Elizabeth McGovern at 415-735-3645.


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