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About Rustinm

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  1. Ok, thanks guys, I was hoping someone had a slightly cheaper alternative but I guess if I want them I'm going to have to pay for them.
  2. Hey Guys, Just wondering if anyone cant point me in the right direction. I am looking to purchase locks and keys for my super 60's. I would like to get matching locks and keys since this is obviously the easiest way to handle the machines. I have looked on ebay but there is no decent size lots for sale. I will need around 50-60 locks. What is the best and cheapest place to get these things at? Thank you
  3. Hey AZ, thanks for the response. This is really unfortunate. I feel bad for these people. Its going to be a big blow to them when they find out the route isn't worth anything. It seems like even upgrading all the equipment may not get things to where they need to be as far as sales. At 3k per month gross they must be mostly slow locations. It seems to me that if they were higher volume locations they would have had to replace or upgrade the machines long ago in order to not be kicked out and replaced. So in an effort to leave an open opportunity to maybe buy this later for almost nothing how do I let them down easy without insulting them? I know they are going to take this hard. Im pretty sure I was and am their best hope from retiring from this business. And what should I tell them that it is realistically worth? I need to be able to make her understand where I am coming from when I throw a low number out there at them. This sucks...
  4. I don't have actual model numbers here guys but this should give you an idea. This is what the list I have says. 2 lectra vend glass front 9 snackshop glass front 10 national pull knob 1 Rowe glass front 5 national glass front 1 candyshop glass front 5 snack shop, not specified 1 candyshop, not specified I know this vague but this is what they gave me. i don't really think they know what they have or what they are worth. I don't have actual model numbers here guys but this should give you an idea. This is what the list I have says. 2 lectra vend glass front 9 snackshop glass front 10 national pull knob 1 Rowe glass front 5 national glass front 1 candyshop glass front 5 snack shop, not specified 1 candyshop, not specified I know this vague but this is what they gave me. i don't really think they know what they have or what they are worth.
  5. Moondog, your saying that the gross revenue for the year should be 100 percent of the purchase price? So if the biz is making 32k per year I should pay around 32k for the biz? What about after expense profit margin, the actual bottom line income?
  6. Hey guys, I haven't got a chance to look up model numbers yet but just a quick question. What is the average profit margin for a snack business? Should i assume they are making a 30 percent margin?
  7. I will figure out the models of the machines tomorrow and post them, I'm pretty sure they are all nationals. Just different ages and sizes.
  8. Thanks for the fast replies as always guys. I've been thinking walking away is my best option but I wanted to get a second opinion. It does suck that I've been working on this for so long but it has been difficult to get information from the owner due to their lack of record keeping. So, one last question. At what price does purchasing this route make sense? There is always that chance that at least some of the locations are winners with better equipment. So keeping in mind that there is now flexible owner financing possible is there a deal to be made here or is it a total waste of time?
  9. Hello vending gurus. I know it's been a while but I have some updates on this and some questions. I have a ton of new information on this business and the deal has changed significantly. I am going to attempt to not make this too wordy. I negotiated out of the cigarette vending machines which I was told "don't make much money". I was able to get the price knocked down to 37k with that. The owner still has very crappy records of what the business does. Recently I found out that without the cigs machines the business only grosses around 32k per year instead of the 67k it makes with the 8 cig locations. This is a big problem for me for obvious reasons. I feel like the biz isn't worth 37k with the poor performing snack machines. She is willing to do owner financing and may be open to more negotiation but I think I might be wasting my time. What are your thoughts? I may have left some info out here so ask away.
  10. Agreed, sorry for the vague original response
  11. I agree, we live in different worlds, I don't want to argue.
  12. I never said it was proper use, i don't ever want to have to use a firearm like that and I hope I never need to. I would take it as backup, if they are willing to steal then who knows what they will do when you show up to take your stuff back, I would go over there with some friends and tell them I'm taking my stuff back, end of of story, they aren't going to call the police when they stole the stuff In The first place and that's probably not the first or last time they will do it. Things could get ugly but people need to start standing up for themselves, we don't have much choice, seems we are on our own these days.
  13. Sorry guys I live betwee flint and Saginaw and I'm less than an hour to Detroit, cops are about useless here, and unless you can 100 percent prove that they are your machines the cops won't help you get them back and even if you have proof you might have to go through the courts for who knows how long to get them back by which time they would be long gone. People steal because there is nothing to stop them, it's getting rediculous.
  14. Yeah I'm in Michigan, most people own guns and I know a lot that carry
  15. Maybe I'm just a jerk and tired of people taking crap that's not theirs but this is what guns are for.
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