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

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Comments & Replies: 2     Views: 2654     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
Chris Seaman, Business Broker - San Diego County Area

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Timothy Cunha, JD - Business Broker, SF Bay Area

I am an experienced entrepreneur, attorney, & business professor. I & my EvergreenGold team offer business owners sound advice & expertise to build business value & achieve profitable sales. Call me today for a FREE business evaluation & SWOT analysis for your business anywhere in the USA.

Brad Steinberg, Broker - Laundromat Specialists

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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.

Christina Lazuric, CBI, Business Broker - Orange County

California's Premier Brokerage for Selling Orange County Service Based Businesses since 2005! C.B.B. provides a step by step approach to Business Brokerage, Mergers & Acquisitions, Business Consulting and Valuations. We work on creating the best possible presentation for your business!

Michael Floorman, Business Broker, BTI, San Francisco Bay Area

Business Team, San Jose (Campbell) located in the Pruneyard Towers at Bascom and Hamilton. Established in 1981 Business Team with over 6600 sales to date has 1000 business listings to choose from, paid Google advertising. We offer highly trained and experienced professionals.

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.

Janet Carrera - Escrow & Bulk Sale Services - SF Bay Area

Redwood Escrow Services, Inc. is a full service, licensed independent escrow company. We are EAFC Fidelity bonded, fully insured & licensed with the Department of Corporations. Committed to offering our clients the most comprehensive variety of escrow services available. Phone Janet at 510-247-0741.


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