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CapitalCityVendingLLC

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CapitalCityVendingLLC last won the day on October 20 2016

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  1. Help with an existing route price

    If the equipment is aged then that can and will become a problem as time marches on. Having newer equipment can make a world of difference when it comes to working a route. As angrychris said, if his prices are low that will be an issue. In our area, there is 2 older vending companies similar to the one you are looking at. Both of them have much lower prices than all the other companies around here. If I had to bet, I'd bet that this guy's prices are fairly low since he's been around forever and has older equipment. Also, the 35 accounts/75 machines is a pretty big chunk to start with. How do you know you are going to even like vending? Just speaking from a conservative point of view. I'd hate for you to dive into that big of a pool head first and then realize you hate vending after 3 months. Not saying that would happen to you but it's almost like asking someone to marry you after a couple dates. Could backfire on you. As for working that route, doing around 150k a year in revenue as a side gig, might be pushing it. It's do-able for someone that knows how to run vending company but for a first timer, it could be overwhelming. Most people just see the guy filling up the machine and getting the money out. I know you know there is more to it than that, I just think you may be underestimating the time and juggling that goes on. Especially with older equipment. How sure are you of the validity of the his numbers? Could he somehow get some of those accounts under contract? Is there a smaller chunk that you could potentially buy? Maybe something like 15 accounts/30 machines doing 60-75k a year. That would hopefully bring you 25-30k in profit at the end of the year, given that his prices are respectable and nothing crazy happens. Could work that in 1.5 days a week give or take as you see if you like vending or not. Then go from there. If you could do that, and then potentially buy more of his route later that could be a good option. Is there anyway you could shadow him before you make up your mind? You could gain more information about the whole decision buy watching him do his thing for a couple days. Sorry to ramble, but there are soooooo many factors that come into play when it comes to buying a vending route.
  2. Vending Business with No Credit Card Swipe?

    Yea, We are doing similar things going forward. Our biggest thing as we grow is that we are now in a good position to where we can be picky about the new accounts we go after. It used to be where we would take any new account we could get. Now we only go after/accept new accounts if we know it's going to be a great account. Since we have very little doubt about the new accounts being good/bad, we put out brand new machines, with CC readers on them. Six of our last seven machines we have put out have been new AMS machines with CC readers on them. Fewer, nicer machines/accounts is our long term goal. Slowly weed out the old equipment in the slow accounts. Stream line everything.
  3. Gaagghh - Wifey is threatening an intervention...

    Drop the bottom ones. If there are any that are a pain in the butt, I'd start with them. Everyone has that slow account, where the machine is always acting up. I know we do. If you have to spend 15 minutes here and 30 minutes there wrestling a frozen cooling deck, or fighting with a bad bill acceptor, that is wasted time. If this wrestling time is at a slow account then you are spinning your wheels. Just think, one "Core" account doing 600-800 a month is equal to 6-8 slow accounts as you have described them. Lets say you just had 5 "Core" accounts. They would do the same revenue as 30-40 "slow" accounts. Boom. Think about all the time you schedule your route each time, how many times it takes driving to each individual slow account. You don't think about it but just the time going back and forth from your vehicle to the machine and then back. That time adds up. Less driving time, never having to worry about stale items, having a lot less equipment that can break down. The answer, most of the time, is always have fewer better accounts rather than a lot of slow accounts. Now it isn't bad to have a healthy mix. We have a good bit of "slow" accounts. Being able to space them out helps our scheduling, and it helps us be more diversified as a company so we are not too dependent on one type of an account. But for you, looking to slim down, I would definitely start with your slow, stubborn accounts. I would ignore NYCCandyman. I think he was referring to bulk candy machines.... Also, as Maxqualityvending said, you could almost just go vending full time. We don't know the full details but get it to where you have 15 "Core" accounts and that would put you doing $108,000-$144,000 in Revenue for a year going off the numbers that you gave us. That's pretty solid for a one man operation. Nothing like being your own boss...
  4. Vending Business with No Credit Card Swipe?

    We do. Or we did. We have just short of 100 machines out on location. We've been around this number of machines for 10-ish years. For the first 7.5ish years, we were CCR-free. We set up our first CCR about 2.5 years ago, and now have 9 out there. I agree with southeast treats that CCR can increase sales, and in some accounts, it can help sales big time. If you have foot traffic, or a younger customer base, a CCR will definitely help sales. The newer accounts we have been going after almost always need them. We have used them in our sales pitches, and they help us know exactly when to service the machine. Getting a new/big account without CCR's is harder than it used to be, and will only get harder. We are also in a low cost of living part of the country so the need for a CCR on every machine isn't as dire as some other parts of the country (IMO). But to answer your question, you can definitely run a successful vending company without CCR's. Most of our accounts are good accounts, but aren't big enough for the need for a CCR. Most of our equipment isn't compatible to put a CCR on anyways. Maybe if most our machines were able to put a CCR on, I'd have a different answer. They are a huge help in bigger accounts, and are super convenient, but do you 100% absolutely need them...I don't think so. It will be tough landing a big/new account without them however.
  5. Got asked to leave

    Just lost a carwash yesterday...it happens. It was a decent/good account that we had for years. It had an old snack machine in it that we thought about upgrading for years but knew we would have to hire a company to remove a weird door in/out of their business. Four months ago, they requested a newer machine so we bit the bullet, hired a door company ($200) to remove/replace the door and we brought them a much newer/nicer machine ($1500). They also asked to get up to date on their commission check (we normally pay them every 6 months). Over the coming weeks/months, they started doing construction and renovations at the account. Three months after the machine upgrade the new owner came up to us saying the machine had to go due to there not being enough space. There was plenty of space, and we told her how the machine had been there for 15+ years with no space complaints. They would listen, they didn't want to put the machine some where else in the lobby, and told us to remove the machine. We asked them to pay for the door people to come back or at least split the next bill with us and they refused. We proceeded to drag our feet for about a month, letting the machine sell down. They asked for their last commission check (2 months worth so not much at all) and we laughed at them. We expressed how we had done nothing wrong over the years, brought them a new machine for them, paid for the door people without asking for them to share in the costs, and all in all were out about $2000 because of them. We probably could have been difficult, left the machine in there until they paid for the door people to come take the door off, and made a little bit of money, but it wouldn't have been worth it. Pick up the machine, look for a new good home for it, and move on. We are already working on a new home for our new-ish machine.
  6. Price increase mini rant

    I've been quietly going up on a bunch of my items. No one has said much yet, but in my part of the country, cost of living is low so my costs are pretty reasonable. I'm mainly doing it in accounts that are somewhat slow, ones I'm not worried about potentially losing, and ones that I know no one would go in if they called on someone else.
  7. Chip Card Reader

    Charley coming in Hot...haha Just kidding. I only have a couple of them (9) so far through USA Tech. Mine are all swipe. I don't lose much sleep at night worrying about tomorrow and the potential road bumps that might arise. I guess I'll cross that bridge when it comes. Now if I had 1000 swipe readers then I may be singing a different tune. But for now, I'll just buy the ones they send me.
  8. Apartment complexes

    Yea, they can do alright but they can come with theft issues for sure. We tried one years ago. Put a little 24 column snack machine in the lobby/office next to the gym and pool. We didn't even put a bill acceptor on it. Just coins just to be safe. It was rocking and rolling for a good month or two. Then it got broken into. It was in a really "safe place" inside the office where there was no way we thought it would get broken into. We picked it up the next day. Haven't tried an apartment complex like that since. In my eyes, even the biggest/best ones aren't worth my time with the potential for vandalism factored in. Now we do have 4-5 assisted living/government housing facilities that do really well. Those have 24 hour security, the tenants are on average in the 60's, and the machines are very close to the front desk. In 8ish years, we have only had 1 machine broken into out of 8 machines. It was only about a $50 fix because we have plenty of spare parts. Now those type of accounts can be worth it imo, but I don't think that's what you are asking about. Also, imo, no account in the world is worth dealing with cages. Maybe that's just me and other people might not mind it. There's plenty of accounts out there that don't need cages that I can go find. We also have a "no machines outside" rule.
  9. Minimum to keep machines in place

    I'm in the same boat as AngryChris. I don't have a massive operation, my equipment was mostly cheap and is all paid for. I actually don't mind having a couple slow accounts. We have a handful of teacher's lounges at nearby schools that do roughly 1k a year, some even less. We don't mind it too much. We don't work them in the summer months or around Christmas so it gives us a little break during the holidays. None of them are too far out of the way. We also don't have any expensive machines in these accounts. None of them are on commission. We work them every 4-6 weeks and collect $100-$150. We sometimes kill the bottom 1-2 schools and try and relocate the machines to bigger and better accounts. I think the "minimum" is just up to you and your specific company/situation. Now going after a NEW account, we try and shoot for 5k minimum per year. We have a good base to where any new account, we try and hit home-runs and put out new equipment. As we get new accounts, we slowly try and delete a old/slow account.
  10. USI 3014 PARTS NEEDED

    I have a bunch of those...like hundreds... Any chance you ( or anyone) have pricing labels that go to USI 3013A, 3014A, 3015A? I have about 50 of those machines out, and I have a ton of pricing labels but I really need $1.00 and $1.25. The packets that come with each machine only have a couple of each. I have hundreds of most of the other numbers, but really low on those and I'm in the process of changing a lot of my prices so the demand for those are only going to go up. If you have any of these, we could work out a trade of some sorts. If you don't we can still figure something out, because like I said, I have a ton of those dividers. Let me know
  11. Your best locations

    In the last year, we just picked up a couple huge gym/ymca facilities. We already had a couple of these accounts. Overall, 7 of our top 13 accounts are "gyms" in some form or fashion. I never thought it was that many near the top but it is. We have a couple "retirement homes"/"Assisted living places" that also do well.
  12. Silver coins and vending machines

    I mean if you look for silver coins for the joy of it and not for the financial gain then yea, knock yourself out. Not telling you to "quit your hobby". Everyone has hobbies that tickle their fancy. I'm just saying I'd use that time going after a big new account. You do you though.
  13. Dril gave out before me

    haha I can't remember what exact bit I used but Titanium sounds pretty "big boy". I'm not sure why it's being so stubborn.
  14. To ease your pain, my dad worked for Lance years and years ago. He was one of the top national guys in sales a couple years in a row because the route/area he had was just off the charts good. Anyways, he was at his last account for the day. Walked out to see that his back door had been broken into. Opened up to see that every bag/box of money was gone. Even the change had been taken. (side-note, if I was going to rob someone, time/quickness I think would be my top priority so I would probably just grab the bills and leave the coins) Anyways, it was all gone. He said it was a little over 2K worth. He proceeded to head home as he normally would. We (mom, sister, myself) knew nothing of it for over a week. Mom got all mad saying "why didn't you call the cops or do something about it" He explained, as we have to you, there's not much he could have done, nor the cops. He could have let it ruin his day/week/month but to my knowledge, he acted no different. He had to come up with the 2K out of his pocket. I learned that lesson at an early age. What's done is done. Control what you can control and try and not make the same mistake twice. He did a couple days later buy a secondary lock for inside of the back door. (the outside and only lock was pretty pathetic)
  15. Yea, you are pretty much ham-stringed. Sorry to hear all this. I would give it a couple more weeks to confirm the bad numbers but I think the bad numbers will continue. If you are real pissed and motivated, you could look to see if the retirement home has cameras. If might find him going into the building in that week period. Even if you do, you can't do much with it. Unless you have proof that he put money in, you can't do much with it. But like most of the earlier people said, just take the punch and learn from it. Dad always says, things happen for a reason. You'll look back at this one day and laugh. Maybe not soon, but one day. What contact info do you have of his? We could all start calling him at random times of the night. Send out a couple text bombs. haha
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