Route pruchase and future growth.
Well I just bought another route last week added 11 stops to my route got a pretty good deal for 12 locations and also 5 extra machines parts and a nice electric coin counter. I gave the guy a lowball offer he countered and met in the middle way lower then he wanted for the route. I told him you only have documentation for a pull every 2-4 months and if you put that average out you not making much. Unless you have deposit records This is the amont I will pay see you later. Must of needed cash bad because he called me back and took the deal. Grabbed the cash and made the deal. It pays to keep a cash reserve set aside.
Now that I have gotten the route to cash flow I plan to split up the profits from it a little better. Keep .50% in the bank for candy gas and I 25% for locating and 25% for building up a cash reserve of about 3 months income. That will be for more route expansion or equipment purchases. I am in good shape for equipment other then some 2” machines and a few sticker tattoo machines.
It is all about a plan for growth and I want to keep growing larger and larger until I hit my goal on stops and then it is start working the dead weight out and move up on quality of stops.
Now that I have gotten the route to cash flow I plan to split up the profits from it a little better. Keep .50% in the bank for candy gas and I 25% for locating and 25% for building up a cash reserve of about 3 months income. That will be for more route expansion or equipment purchases. I am in good shape for equipment other then some 2” machines and a few sticker tattoo machines.
It is all about a plan for growth and I want to keep growing larger and larger until I hit my goal on stops and then it is start working the dead weight out and move up on quality of stops.
2 Comments
Recommended Comments
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now