CollinSiegel Posted January 16, 2015 Share Posted January 16, 2015 Hi there,I am fairly new to the vending machine business. Recently I purchased some Vendesign bulk vending machines (technically 20, but I'll explain in a moment). I have established 5 locations, all of which are performing regularly and decently. When I purchased these vending machines they were not in "tip top" shape, all though they're perfectly operable, they were sitting in a garage for years. However, there are great machines and they still have many years left in them. The 5 machines that I've placed have all been "refurbished" with a clean coat of primer, paint, and clear coat; all 5 of those machines look and perform like brand new.When I purchased the machines they were all separated in different parts. Meaning I've got the body's of the machines, the hoppers, the coin mechanisms, and the banks, but they're not all pieced together machine by machine.Due to some of the parts being in poor condition, I don't think that if I were to assemble everything that I had it would make 20 WHOLE machines, I'd imagine it'd make somewhere between 15-17.Here's a picture of one of the machines "before and after" it was refurbished:So...Here's a list of assets with this small business:1) 20 Vendesign machines (5 of which already fully refurbished) 2) Candy inside of the 5 machines (about $250 worth) 3) A lifetime Enterprise Edition for Vendsoft (A company that allows you to track and maintain your locations, machines, inventory, etc.) This system is EXTREMELY valuable http://www.vendsoft.com/pricing 4) I have a TON of extra banks that have never been used (I'd say 30+) I've seen these go for $30 a piece on eBay5) I also have a $100 coin counter to count and manage the quarters6) I also have detailed records of every dime I've ever spent, every piece of candy I've ever bought, and every machine I've ever serviced. With the information that I've given you, is it fair to ask $3,000 for my business? I'm curious what you all would sell for.THANK YOU FOR YOUR TIME! Link to comment Share on other sites More sharing options...
dkochan Posted January 17, 2015 Share Posted January 17, 2015 How much do your 5 locations bring in per month? Do you pay commission? If so! What's the percentage? Link to comment Share on other sites More sharing options...
Rick Posted January 17, 2015 Share Posted January 17, 2015 No. I can appreciate that you bought machines in fair condition and polished them to a high shine but vendesigns are not quality equipment. They are worth probably $25-$50 each. Locatons are worth $40 each if they're your standard candy spot of $20 a month. Everything else is fluff. I'd say you'd have the best luck selling everything mentioned individually. The extra banks for instance. You've seen them go for 30 bucks on ebay, but it's a mistake to see a bank that happened to sell for $30 and think "Wow... $30 and I have 30 of them so that's an extra $900 value there". Because 1) Your buyer has no use for them and 2) the ebay seller probably sells them one at a time every 2-5 months to a buyer desperately seeking that specific item. So you can't use that math to place a value on a big lot of them. Link to comment Share on other sites More sharing options...
RikaKazak Posted January 17, 2015 Share Posted January 17, 2015 I personally wouldn't even pay $1,000 for what you have listed. But then again, that's me. Someone else might? Link to comment Share on other sites More sharing options...
BouncyBalls Posted January 17, 2015 Share Posted January 17, 2015 I would have to see locations, those machines have no value to me. Link to comment Share on other sites More sharing options...
Lake Cities Vending Posted January 17, 2015 Share Posted January 17, 2015 I've listed the coin banks on ebay for $5.00 or 2 for $10.00 and didn't sell any. What they are asking and what they are selling for are 2 different things. When I first started vending I bought some Vendesigns about what you are selling. I bought 33 machines with 5 or 6 on locations. He wanted $900 and I got them for $500. Sold most of the machines for $40 to $50 each. I do still have 3 or 4 of the locations and they bring in anything form $40 to as much as $90.00 a month. Link to comment Share on other sites More sharing options...
havending Posted January 17, 2015 Share Posted January 17, 2015 Very creative way to advertise your vending soft wear Link to comment Share on other sites More sharing options...
CollinSiegel Posted January 17, 2015 Author Share Posted January 17, 2015 How much do your 5 locations bring in per month? Do you pay commission? If so! What's the percentage? Hi Dkochan, they average about $25 p/month in revenue. These machines are charitable to the Children's Cancer Society, no commissions paid. Link to comment Share on other sites More sharing options...
musser Posted January 17, 2015 Share Posted January 17, 2015 And absolutely useless for bulk vending. Not to mention putting all your data into a system you don't own or control Link to comment Share on other sites More sharing options...
havending Posted January 17, 2015 Share Posted January 17, 2015 And absolutely useless for bulk vending. Not to mention putting all your data into a system you don't own or control Exactly Link to comment Share on other sites More sharing options...
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