Vending Company for Sale

Vending Company for Sale

With the economy the way it is these days, more and more people are looking for ways to provide security for themselves and their families by getting away from the insecurity of a job and into the freedom of self-employment.  If that is you, then my business might just be the opportunity for you.

As opposed to the “vending seminar” or “vending opportunity” you have probably seen advertised in newspapers (under the “Business Opportunity” section, no less), which is nothing more than a clever way to get uninformed people to buy overpriced equipment, my vending business is a bona fide, currently operating business.  It is already making money, and will continue to make money for the new owners from day one. It is well-priced, and the client base is established.

I would prefer to sell my company as a whole.  However, I am open to the possibility of selling it in parts in order to give people the same opportunity that came available to me years ago when I purchased a small route.  It is a great way to get your foot in the door and learn about the business from someone who has spent time growing a successful operation, or an excellent opportunity to grow your existing route.  It is an opportunity for you to be in business for yourself. You can make a low-risk, small cash investment in a business that will make money from the day you take over.  You will be making money in your sleep, and you can decide to work it full time or part time as a secondary income.

How many times have you thought about starting your own business and being your own boss, but you found it either too risky, or just did not have enough money to make your dreams come true?  Well, stop dreaming and read what I have written about my business, and how you can make it yours.

Potential Candidates
This offer is being made available to individuals who have 1) the capital to invest in this venture, 2) business savvy, and 3) the desire to own and operate their own business.  You will be provided with excellent training, historical data, financial information, and all the contacts, materials, and tools necessary to continue being a success in this business.  The knowledge I have gained over the years in this business is valuable and proprietary. Therefore, specific information about my business is not available to those who cannot afford it. It is only available to those who have been carefully screened as financially capable of investing in my vending business.

Business History
I started my vending company (we’ll call it Coin-op here) in 2000 by purchasing a small route consisting of three customers, and had a vision to develop it into a business that could support my family. This business has done so well for us that we were able to save enough money to invest in commercial real estate, start a retail business, build a house, and still pay all the bills without needing a regular job.

Location
Coin-op is located in one of the largest metropolitan cities in the nation: San Antonio, Texas. The city is growing, has a strong economy, and has not been affected by the downturn in the economy like the rest of the nation.  Home values have experienced little fluctuation, and San Antonio has been fairly insulated from the market’s ups and downs.

Reason for Sale
I’ve been doing this for over nine years and am ready to change direction. I own another business in a different industry altogether and am looking to invest in that and grow it into a long-term investment.

Revenue
In 2007, Coin-op grossed $254,547. In 2008, the business grossed $329,500.  Early in 2008 I spent some time acquiring new clients and growing the business.  My efforts yielded over 30 new locations placing 40 machines.  For the most part, the machines were placed in late April through the end of May. Almost all of the machines had their first full month’s worth of business in June, with a few exceptions.  Revenue for January through April of this year is $111,100.  Our revenue typically increases about 30% during the summer (late May through end of September) so the business is on track to exceed 2008 sales.  If you are interested in purchasing a portion of the route, I can customize a route based on your investment capability and/or cash flow requirements.  Coin-op maintains a very high profit margin when compared to the industry.

Client Type
As mentioned above, our client base has recently grown considerably due to my renewed focus to grow the business. Currently, the company services 119 clients with about 174 machines on location. Coin-op has a very high retention rate and many of its clients have been in the portfolio for over 5 years. In addition, many of the accounts are secured with a 2-year, self-renewing, transferable contract.

Support
This business can easily be run by an owner/operator and is being marketed that way. I currently perform all duties in the business (receiving orders and inventory, stocking machines, repairs, responding to clients, acquisitions, administrative work, etc.). I currently spend less than 22 hours per week working on this business, to include stocking machines, receiving product, and repairs.

I will spend as much time as the new owner(s) need(s) to get up to speed with things, the exact amount of time can be negotiated. However, I will take a vested interest in customer relations to ensure the new owner’s success in client retention. Complete training in all aspects of the vending business will be part of the sale, if necessary.

Risk
As with any business venture, there is risk. A wise business venture is one in which risk is minimized to the extent of being negligible. This is probably the least riskiest business venture you could invest in.  Here are a few reasons why:

• As I mentioned above, the route you purchase has historical sales data (some as far back as 9 years).  Therefore, you know what you are getting and what you can expect.
• Many of the clients are secured with transferable agreements.
• My training will be thorough.
• My ongoing consultation and public relations services (which are negotiable) are available to ensure that you and your new business are in it for the long term.
• There are other benefits that I consider to be proprietary information that can be discussed with potential buyers.

Benefits of buying my business
The benefits of buying my business, in whole or in part, are:

• Minor cash investment;
• Immediate cash flow;
• Very low risk;
• Can be operated as a secondary source of income (part time);
• Excellent training;
• Large number of medium-sized clients, thus no impact with minor attrition;
• Secured clientele through contractual agreements;
• Easily run by owner/operator;
• Numerous opportunities for growth that will be discussed with the new owner.

Sale Price

The sale price I am asking for is arrived at by using the ratios listed by the reference books used by business brokers. Two methods normally used are: 1) a percentage of Gross Sales; 2) a factor of Net Income. I am using the 2008 and 2009 sales data, YTD.  I’ve arrived at virtually the same asking price by using either method.

Sale price: $215,000

Terms are negotiable. Owner financing will be considered.  Trade for income producing real estate will be considered.

What you need to do next

Contact me expressing your interest in buying my business (I prefer e-mail at the address noted below). Be sure to include your full name, and a phone number I can reach you at. Be prepared to talk about all the information I need to ensure you are a qualified buyer, including proof of capital.

vendingforsale@gmail.com

Thanks for your interest.