shepherdsflock Posted January 7, 2015 Share Posted January 7, 2015 I have an opportunity to expand my route greatly by acquiring a route from a guy who wants to scale back. The price is good, he's got financial records to verify income, etc. It has 148 locations with some of them having cranes. I won't give the price, but from the number of locations you can probably get an idea that this would not be a small purchase. For anyone who has financed a purchase like this, have you had any luck with SBA backed bank loans? The seller does not want to finance. He's trying to scale back and eventually retire and isn't interested in having me make payments to him. He just wants to sell and be done. Link to comment Share on other sites More sharing options...
Rick Posted January 7, 2015 Share Posted January 7, 2015 Off topic and I have no experience with SBA loans but if it doesn't work out for you it sounds like the size of route I'm interested in. If you decided you can't make it work feel free to PM me. Link to comment Share on other sites More sharing options...
BlindVending Posted January 8, 2015 Share Posted January 8, 2015 Must be the selling time of year. I to am in the closing stages of negotiations involving a 59 location route where it is 100% financed for 18 months. Got a great deal of 6 months revenue with prior ales figures backed up Link to comment Share on other sites More sharing options...
rodney69 Posted January 8, 2015 Share Posted January 8, 2015 That's an incredible deal! Link to comment Share on other sites More sharing options...
mainor5251 Posted January 8, 2015 Share Posted January 8, 2015 I haven't been able to find anything for used machines lately. Link to comment Share on other sites More sharing options...
rodney69 Posted January 8, 2015 Share Posted January 8, 2015 Usedvending.com has all kinds. You have to pick and choose on cost though. Have you just googled used and the machine you want? I think all of us tend to stick to common avenues and not just search. That's what I did for a long time. I'm going to pick up 6 oak 450's and 2 300's on 5 stands for 250. They weren't even advertised, they just said doubles,and most of what they had was vline. Link to comment Share on other sites More sharing options...
BluePlate Posted January 8, 2015 Share Posted January 8, 2015 If you're looking for financing, may want to check Firestone Financial. Not sure if they do bulk, but they have been great to work with. Not the greatest interest rates, but they can get you money quickly. After working with them for 3-4 years, they really have been a go to company when an opportunity has come up. Link to comment Share on other sites More sharing options...
Rick Posted February 5, 2015 Share Posted February 5, 2015 Did this ever pan out for you shepherds? Link to comment Share on other sites More sharing options...
shepherdsflock Posted February 5, 2015 Author Share Posted February 5, 2015 Did this ever pan out for you shepherds? Not yet. I'm still trying to decide if I want to pull the trigger on it. It would be a huge step up in time demand and I have to balance that against a full time job and family. Link to comment Share on other sites More sharing options...
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