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musser

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About musser

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  1. Way to many variables to set a "standard" figure. Most bulk operators simply do not have very good records. Poor records leads to having to do serious due diligence. Always ask for tax filings ( state, local and fed), Ask to see records of commission payments, cancelled checks or signed copies of commission reports given to locations. If the seller cannot verify his stated income with his IRS filings he is lying about the rest. The "route" has a value, inventory on hand has a value, misc equipment like coin counters, vehicles, tools, parts, extra machines all have a value. Basically: Can the route pay for itself and pay you a wage out of its provable income? If you are borrowing you will have to pay the note. If you are using your own money will it give you a decent return. AND pay you a wage. That is where you begin your valuation at. The "value" to you may be only 50% of gross, it may be an exceptional route and be "worth" 120% of gross. And then you have the other stuff like saleable goods, equipment. Another thing, if you are a cash buyer you are in a very good negotiating position.
  2. Craigslist, local paper, etc. the biggest problem you will have is weeding out the "beggers", the wanna be's with no money.
  3. I understand your route a little better now. It is long ago paid for so why not just split the profit with someone? There is very little incentive to do a good job paying a flat rate. You can create a greater incentive by paying a fee "bonus" for new business. I have employed people for many years and whether family, friend, stranger, doing a good job depends upon the job being worthwhile.
  4. National Entertainment Network,
  5. I believe that to be correct. NEN
  6. Family can be the worst people to hire because they will be the first to screw you over. Sell the route. If you sell to family cash up front only.
  7. I wouldn't touch it. The $150 and $250 is the base rent per month? That's how it usually works. Then the 40% of sales after the base is met. Offer him 30%. I have been able to do this in malls that have gone bankrupt, are barely holding on and desperate for anything they can get.
  8. They are long gone. Some common parts can be found on line. They do hold up well but their technology was 20 years out of date when they were new.. Today they are just really heavy unrepairable junk. I think I still have a couple on location. They are to be replaced with Toy Soldiers. I have sold some to folks for home game rooms and have sent two roll offs full to the dump.
  9. You would be surprised at the number of locations where the thief is someone working there.
  10. I believe the push behind the EBV and a couple of similar units was from national sized operators trying to respond to client requests (Walmart) for better accountability. At the end of it all I think all involved realized it was not going to be economically feasible
  11. If this is true parts will become easier to get. Be interesting to see (if this is true) if NEN moves the factory
  12. never had this happen, but I think maybe at 4-6 pcs the setting may be too tight, the oak wheels are shallower than the NW so the Wedge opening is bigger for the same size vend. NW makes a shallower wheel (chicklet wheel) but I don't think it would help. MMP are becoming an item that cant be sold at a quarter due to cost.
  13. But after all this discussion: if you have a couple hundred machines a sole propriaship is fine. A lot depends on the state you are in also. And again, this forum is a poor place to get the right answer to tax questions. Such questions are specific to you.
  14. Yep, and that's why, when you get to a certain size its best to use a tax professional, and I don't mean a pop up H&R block, I mean a CPA
  15. If it looks as good close up as it does in the picture, and everything works I would get it. But make sure you play it using coins and bills. When you put the money in watch the counter to make sure it works. 25 cents is one credit so for each quarter the meter should advance one, a dollar it will advance 4. Also make sure the prize sensor works and counts the "wins"