Fast Track Amusements Posted July 22, 2014 Share Posted July 22, 2014 Can anyone give a value on this route? http://stlouis.craigslist.org/bfs/4578216966.html Link to comment Share on other sites More sharing options...
Rick Posted July 22, 2014 Share Posted July 22, 2014 Monthly gross and mileage? Link to comment Share on other sites More sharing options...
Fast Track Amusements Posted July 22, 2014 Author Share Posted July 22, 2014 $1,400 / month 150 mile radius Link to comment Share on other sites More sharing options...
Bravo Duck Posted July 22, 2014 Share Posted July 22, 2014 This guy knows what he's doing, buy it. Link to comment Share on other sites More sharing options...
Rick Posted July 22, 2014 Share Posted July 22, 2014 A smige high but very close to value. I'd estimate $11k-12k is the true value but if he absolutely won't budge I can't say that 14k is out of line, especially with quality equipment. Link to comment Share on other sites More sharing options...
musser Posted July 22, 2014 Share Posted July 22, 2014 150 mile radius means the farthest stops are 300 miles apart. Can he prove his numbers? 36 stops, 15 racks, the numbers are bad. Link to comment Share on other sites More sharing options...
shepherdsflock Posted July 22, 2014 Share Posted July 22, 2014 150 miles is a lot of driving for that money. I would want to see it closer to $2000 per month if I had to do that much driving. Take the value of your time into consideration when determing whether to purchase this route. I'm not saying it's a bad route, but figure out what the time spent driving is worth to you and then determine if you're willing to pay what he's asking. If not, try to negotiate. Link to comment Share on other sites More sharing options...
Rick Posted July 22, 2014 Share Posted July 22, 2014 150 miles is a lot of driving for that money. I would want to see it closer to $2000 per month if I had to do that much driving. Take the value of your time into consideration when determing whether to purchase this route. I'm not saying it's a bad route, but figure out what the time spent driving is worth to you and then determine if you're willing to pay what he's asking. If not, try to negotiate. To be fair, we can assume he's not doing that driving for JUST the stops in this route. Obviously if the plan is to continue growing you'd want to fill in the gaps with more locations. Link to comment Share on other sites More sharing options...
FrCorey Posted July 22, 2014 Share Posted July 22, 2014 and if you truck died or you get robbed there goes the profits. so, do you feel lucky? Link to comment Share on other sites More sharing options...
Rick Posted July 22, 2014 Share Posted July 22, 2014 and if you truck died or you get robbed there goes the profits. so, do you feel lucky? Curious post. Couldn't you be robbed or break down anywhere on a vending route? Link to comment Share on other sites More sharing options...
Bravo Duck Posted July 22, 2014 Share Posted July 22, 2014 All business is risk. Link to comment Share on other sites More sharing options...
FrCorey Posted July 22, 2014 Share Posted July 22, 2014 Curious post. Couldn't you be robbed or break down anywhere on a vending route? I mean on a route that covers like 300 miles. just think of the service calls, can you say you would be right out on a complaint? Link to comment Share on other sites More sharing options...
musser Posted July 22, 2014 Share Posted July 22, 2014 When building a route I think of the business sort of the way a mall does. First you need some anchors, the big hitters that will carry your expenses until you can fill in. Then as you run the route you fill in with what is available. Maybe this route has some anchors maybe not , from the look of the numbers and the miles involved there are either no anchors just mediocre to poor stops or there are a couple of anchors and absolute junk stops. If you had an existing route this could be absorbed into with out additional travel costs it might work. But the key words are 150 mile radius and that is a lot of miles Link to comment Share on other sites More sharing options...
Rick Posted July 22, 2014 Share Posted July 22, 2014 I mean on a route that covers like 300 miles. just think of the service calls, can you say you would be right out on a complaint? Yes. Although I'm not a great person to ask because I commute 150 miles for work every day. I'm no stranger to travel time. Link to comment Share on other sites More sharing options...
Nick505 Posted July 22, 2014 Share Posted July 22, 2014 My two furthest points are 228 miles apart but like others have said it is need to have big anchors in these towns otherwise it would not work. Link to comment Share on other sites More sharing options...
RikaKazak Posted July 22, 2014 Share Posted July 22, 2014 Wow I never realized how far you guys drive. Are you in small un populated areas? (no hate, I'm originally from a town of 80...not 80K, just 80, lol) My farthest points are less then 40 miles apart and there's a 70 mph freeway inbetween (which still goes 70+ mph even during rush hour) so it's not too bad. Also I'm way tinier so that might play into it, just surprised by how spread out everyone is. Link to comment Share on other sites More sharing options...
havending Posted July 23, 2014 Share Posted July 23, 2014 Wonder if it's Antonio or Kelly? Link to comment Share on other sites More sharing options...
shepherdsflock Posted July 23, 2014 Share Posted July 23, 2014 Just to put it into perspective, my route averages right around $1000/month give or take a couple of hundred depending on market and weather conditions and time of year. I have about 40 locations and the furthest is 35 miles away from my front door. Going from place to place I can cover my whole route in about 80 miles of total driving. For 300 or more total miles of driving, I would expect quite a bit more than $1400/month. If we assume that he's asking the usual 12 months' gross for his route, that means that each location is only averaging $32.40 per month. 15 racks by themselves should be making at least $900 per month if we're talking about 4 way racks, a lot more if they are larger. I would expect about another $350/month from the 21 doubles. My spiral gumballs do about $25/month, so let's say there's another $150/month. Not sure what Chicken Machines make, but at their cost, I would want at least $125/month. So I would expect another $250/month. Flat items can be unpredictable, so estimating sales on sticker machines can be tricky, but a 3 column and a 4 column shouldn't have any problem making $25/month each, so another $50/month. So, adding that all up, I would expect a route with this equipment to gross about $1700 per month. If he's basing his price on 1 year's gross, then that means his route is averaging $1167 per month. I don't want to scare you away from it, it could be a diamond in the rough. My route was. I increased my monthly gross by about 40% over the last year by eliminating poor selling products, changing pricing, and introducing new equipment and more premium level products. Maybe you could get this route from $1100/month up to $1700 or more per month, but you had better be sure of it before you hand over your money. Link to comment Share on other sites More sharing options...
Bravo Duck Posted July 23, 2014 Share Posted July 23, 2014 Here is some unplaced equipment the same guy has for sale: http://stlouis.craigslist.org/bfs/4578388563.html Link to comment Share on other sites More sharing options...
Rick Posted July 24, 2014 Share Posted July 24, 2014 shepherdsflock, Fast Track already shared the route is grossing $1,400/month so he's asking 10 months gross. I'd bet he's willing to accept $11,000 (8months gross) and this route is worth that to me. ESPECIALLY if this route encompasses his home turf. What I'm curious about is, more than the 150 mile radius, where is Fast Track's home in relation to the route? If the closest stop is 50 miles from his front door, that's much different than living smack dab in the middle of the route. Link to comment Share on other sites More sharing options...
rodney69 Posted July 24, 2014 Share Posted July 24, 2014 150 mile radius means the farthest stops are 300 miles apart. Can he prove his numbers? 36 stops, 15 racks, the numbers are bad. So under those terms, the racks maybe doing 50-75? What is average for a rack? Link to comment Share on other sites More sharing options...
shepherdsflock Posted July 24, 2014 Share Posted July 24, 2014 So under those terms, the racks maybe doing 50-75? What is average for a rack? Hard to say, since we don't know the rack configurations. If they're 4 way racks, I would be okay with $75/month. If they're 8 way or larger, I would be disappointed with $75/month. Link to comment Share on other sites More sharing options...
Bravo Duck Posted July 24, 2014 Share Posted July 24, 2014 Fast Track, you've heard our opinions now, but yours is the only one that matters, what do you think? Link to comment Share on other sites More sharing options...
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