Jun 1, 2020 — Business started through the acquisition of 17 locations in 2005, and today have 53 machines throughout the Sacramento region at 31 locations. They have meticulously cultivated their growth through select locations, consisting of 26 snack machines, 17 single soda machines and 10 multi-soda machines. Two of the machines have card readers in them. With the sale of the business is included $4,500 in inventory (including coin in machine). Also available is $10,000 in Furniture/Fixtures and Equipment (which includes approximately 11 machines that are not installed, and a numerous array of spare parts and devices to support ongoing maintenance of installed fleet of machines), but these are not included in the price and can be negotiated with Seller. The asking price of the business is $65,000.00, as a cash free (except for coin in machines) and debt free sale.
There is competition in the marketplace, but most competitors don't take other's routes on a daily basis. Route growth is by new locations or when a competitor goes out of business or provides poor customer service, or when a route is being sold as in this case. The barrier to vendor swap is fairly high unless there is poor customer service. The business is run very clean with very little personal expense run through the books of the business. They win and keep customers through excellent customer service, keeping up with trendy and new products, listening to customers and incorporating their suggestions and fast response to issues/problems encountered in the field. There is a total of 31 locations, with only 10 of them being a single machine and the other 21 being multiple machines to account for increased drink sales in the summer, increased food sales in the winter. There are a variety of locations which include 8 in offices, 4 in retail break rooms, 4 in whole stores, 5 in schools, 3 in city or county worker buildings, 3 in main offices, 2 in family housing recreation rooms and 1 in an adult day care.
Growth / Expansion overview
Opportunities for improvement include: Price increases on various products. Pricing on certain locations may be undervalued by as much as 10% - Improved route changes to save on time and fuel costs - If coupled with other routes, increased purchasing power to lower costs as well as increased efficiency by bundling locations to specific routes - Additional marketing to expand routes and installations
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