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Showing content with the highest reputation since 04/28/2018 in all areas

  1. 4 points
    As others have stated, quality equipment, sales records, contracts, etc all add value to your business. The routes we bought had alot of good locations but poor equipment. We offered low because we knew there would be equipment upgrades needed. One company approached us about buying him out almost 2 years before we bought him. He was asking way too much for what he had (90k yearly gross asking price was 100k with average to poor equipment). He bugged us for almost 2 years and finally told him 30k take it or leave it. With some upgrades ( machines and cashless ) and good service those same stops are right around 180k. My point is that if you want to sell one day, you need to keep up with the times. Upgrade equipment and keep current with technology and pricing
  2. 3 points
    That's why you should never buy the left ones.
  3. 2 points
    I have seen this set up and it's very old. If you're not concerned with technology, such as DEXing or credit cards go ahead and fix it.
  4. 2 points
    Americas best Locator is Rodney Angerbauer. He's on this site under the section of locators. Only locator Ive ever met where you pay him NOTHING up front and pay only after you have placed the machine.
  5. 2 points
    Or the upside down ones.
  6. 2 points
    If that location is the moneymaker of the route, then leaving the contract in someone else's control would be a deal breaker for me. The contract should have a transfer clause in it that allows it to move with the ownership of the company, or have been done in a corporate name that you would acquire in the transaction. On a deal of this size, I would probably seek out a good business attorney to do all the paperwork and a closing on the deal, and would seek good legal advise about the issue with this location.
  7. 2 points
    It took us a while, a few years but with the help of Premier/Downey Vendors (a Canteen Franchise Company) we did it. David Baker VP of Sales you are amazing. Now if we could just move those Texas Rangers along! Come on Randy we can do it. Plus we got a Thank You card from TNT Vending as she retired and sold most of her company. She sent a $2000 check as a thank you for all of the work she felt we did, actually it was Tammy that did the work. Thank you Tammy, the best of luck in your future and always. Then we closed our first video gaming company with Dependable Vending. This place has approx 800 to 1000 video players a night. Yep, really. They took a movie production studio and made it into this amazing gaming room in LA. Lots of tables with what looks like special made chairs with lots of controls. They have a screen the size of a movie theater and everyone is playing the same game at the same time. Now we have added lots of vending machines. Isn't this business fun and exciting and frustrating. Here is the frustration...A large transportation center gave all of us the go ahead, the vending company, us, and of course the current vending company showed up with a contract signed by an employee that left 5 years ago. It had a automatic renewal clause stating they (the transporation center) had to notify them (THE VENDING COMPANY) by certified mail 90 days before expiration or it would be renewed for 3 additional years. But come July this stuff will finally change: California Updates Its Auto-Renewal Law 10.19.2017 | UPDATES From fashion clothing in the mail to gym memberships to monthly mobile app subscriptions, the subscription-based business model is everywhere and here to stay. As more companies adopt this model, states around the country have enacted laws requiring detailed disclosures that businesses must follow. The California Automatic Renewal Law (ARL)[1] is one example—and it just got a makeover. Recently, California enacted Senate Bill No. 313,[2] effective July 1, 2018, which further clarifies the disclosure requirements for free gift or trial offers and promotional price subscriptions, and also requires online cancellation mechanisms for online subscription services. Lawsuit Themes In recent years, several lawsuits have been filed in California under the ARL. A frequent allegation in these complaints is that a business failed to provide automatic renewal or continuous service terms in a clear and conspicuous manner. Other allegations include the failure to provide the terms in visual proximity to the request for consent, failure to provide acknowledgement of the terms and failure to provide an easy mechanism for the consumer to cancel the subscription. While there are often significant defenses to such claims, exposure can also be significant--settlements can be in the tens of millions of dollars.[3] To minimize risk of claims, companies with subscription-based business models should carefully reassess their subscription disclosures and procedures. Requirements To avoid potential claims under the ARL, companies should consider the following: Ensure the initial offer terms are clear and conspicuous. Companies should disclose the material terms of the automatic renewal or continuous service in a “clear and conspicuous”[4] manner. If there is a material change to the terms, this change should also be made clear to consumers prior to implementation. Acquire the consumer’s consent before charging the consumer. Make the terms comprehensive. Companies should inform consumers of everything they need to know: what they are being charged for, how much they will be charged, how often they will be charged, how long the automatic renewal term will last (or that the term will continue until the consumer cancels), the minimum purchase obligation (if any), and how and when they can cancel. Place the terms close by. Automatic renewal terms should also be displayed to consumers before a subscription or purchase agreement is fulfilled, and the language must be near the request for consent to the offer. Provide a mechanism that allows a consumer to cancel online if your company makes the offer online. Confirm the terms with the consumer by providing an acknowledgment; for example, an email receipt with all the relevant terms[5]. Companies should give the consumer a copy of the automatic renewal terms, a copy of the cancellation policy and instructions for how to cancel, all in a manner that consumers can retain for their records. All the above should also be followed for offers of a free trial or gift, or a promotional or discounted price offer. For example, the initial offer should clearly and conspicuously state when and how consumers can cancel prior to getting charged and how much they will be charged after the promotional rate is over. Potential Defenses When litigation is filed, there are a number of defenses companies may rely on under the ARL. Further, while a number of cases have been filed under the ARL, only a few have discussed the substance of the statute, and these recent decisions[6] have limited plaintiffs’ request for relief on the grounds that the ARL does not provide a private cause of action.[7] Should a company be targeted in an ARL case, there are several defenses[8] that may be asserted, including but not limited to: Good Faith: The statute provides that a business that complies with the statutory provisions in good faith will “not be subject to civil remedies.” Extraterritoriality: The statute is limited to California consumers only. Statutory Standing: If a plaintiff is suing under the Unfair Competition Law, he or she must show an actual loss of money or property. Misinterpretation of the “Gift” Aspect of the Statute: The “gift” provision does not allow restitution of all money paid as part of an automatic renewal claim. Additionally, in Johnson v. Pluralsight, a district court in California declared that the gift provision did not apply to intangible services, such as website subscriptions.[9] Contractual Provisions: Arbitration clauses, limitations of liability, choice of law and other contractual provisions can limit a company’s exposure to liability. Conclusion As the number of cases under the ARL (and similar statutes in other states) rises, companies with a subscription-based business model should be vigilant in ensuring that the disclosure of their automatic renewal terms complies with the law to reduce their vulnerability to a claim. Recent cases indicate that the most common allegation is failure to clearly and conspicuously disclose the automatic renewal offer terms. Should a company be targeted under the ARL, a number of potentially broad defenses exist. If you have questions about this statute and its implications for your clients, please contact experienced counsel.
  8. 2 points
    Tray latches don't matter to a 167 as the shelf is hard wired. This issue is usually the tray harness PN 1679011
  9. 2 points
    I would focus on smaller locations. You won't get lost if any of those. Bowling alleys take a lot of equipment. The restyou mentioned are under contract with NEN or someone. Look for small mom and pop places
  10. 1 point
    My coke rep is useless. I desperately need 3 minute maid Apple juice can and 3 orange juice can labels for a coke royal 660 machine. I am in Canada and willing to pay express shipping plus money for the labels plus some on top for anyone willing to send me them.
  11. 1 point
  12. 1 point
  13. 1 point
    The flat one is power to the Maka and the 6 pin is the credit line from the Maka. Bob will be used by the conversion harness.
  14. 1 point
    Probably anything that's still in production, like a vendo v21, usi cb 300/500, royal merlin 4, etc..
  15. 1 point
    40 machines doing $75K is a non-starter. 40 machines should do at least $200K
  16. 1 point
    If you don't have anyone working for you and you don't want anyone working for you then skip the college.
  17. 1 point
    The Royal 660 if you need the capacity, if not, the 501E
  18. 1 point
    This would be Royal's narrow machine. Kinda like Dixie's 276 but better.
  19. 1 point
  20. 1 point
    smoking deal there man
  21. 1 point
    That's a smokin deal. I'd seriously consider upgrading those snacks.
  22. 1 point
    Faster, because I won't be worrying about skinning my knees.
  23. 1 point
    I've never had many problems with AMS drop sensors. If you have an actual ams sensit 3 I believe it has the option to set the motors to home or drop sensor settings. If it is a sensit 2 or 1 that has been upgraded to a sensit 3 you do not have the option of setting it to a home setting on the motors . In either case, if your drops are set to a drop setting, as I believe they are from the factory, it will frequently drop two items instead of one as the drop sensor is not triggered until a product passes the sensor. If what you're describing is indeed a malfunction of the vending machine and because your problem is intermittent I would look for lose connections or broken wires between the drop sensor or the board. If that doesn't pan out you could consider either a board replacement or replacement of the drop sensors. I hope this helps.
  24. 1 point
    You are playing with fire if you don't have liability insurance..... I wouldn't be able to sleep at night.
  25. 1 point
    Negative Ghost Rider. Push down on the motor brake to release the motor pressure on the can.