rico1030 Posted July 19, 2012 Share Posted July 19, 2012 Seller offering an incredibly good deal on a bulk candy route of 150 (2-3 y.o.) locations, almost $100 per location/vendstar machine; how do you go about the sale? Do you do a bill of sale, sign a contract, hire a lawyer? how do you guarantee the machines won't disappear in a week, get taken out of location, won't be opened, etc? Seller doesn's have the time, not desperate to sell, no financing. Any feedback is welcome and appreciated. Link to comment Share on other sites More sharing options...
PerformaVending Posted July 19, 2012 Share Posted July 19, 2012 Vendstars are poor quality machines. If you intend to buy, you will be buying the locations first and foremost, and I would be absolutely certain that the locations warrant that high of a price-tag. Getting saddled with a route full of $2.00 a month salons and furniture stores is no way to run a business. Before I would consider purchasing something like this, I would want some REALLY GOOD records at the very least. Good luck in whatever you choose to do! Link to comment Share on other sites More sharing options...
BigRedvender Posted July 19, 2012 Share Posted July 19, 2012 I would strongly doubt he has 150 100 Locations. what kind of figures is he talking about. If you do the ruff math 150x100 is 15,000 a month 180,000 a year. He is just to busy to do anymore. Sounds questionable in my book. If you ask for any Tax records to back up his claim I bet you a nice prime rib dinner he dose not have them. Oh it just cash I run under the table would probably be his response. Smells like cow pie to me just on that note. Vendstars sell for between 25-75 each figure 25-50 a location to locate them. If ask for a list of locations and then do a little added looking to see if you find any more of his machines and see how they look like there doing. Are they Clean or dirty. Empty or half full of product. Even going on a pull can't be totally believed because he might extend his service time just to make sales look good for you. Just keep your head on and see what happens. Low end i would say 4000 on up depending on truthful he is Link to comment Share on other sites More sharing options...
The Mage Posted July 20, 2012 Share Posted July 20, 2012 I think he is saying they are being sold for $100 per location, not that they make $100 per location. Link to comment Share on other sites More sharing options...
rico1030 Posted July 20, 2012 Author Share Posted July 20, 2012 thanks for the replies, and my apologies, what i meant to say was, he's asking $15,000 for a route of 148 vendstar machines; it comes out to about $100/location, machine included. How would you buy an existing route? what legal contracts would you sign, how do you protect your $15,000 investment? Link to comment Share on other sites More sharing options...
dogcow Posted July 20, 2012 Share Posted July 20, 2012 thanks for the replies, and my apologies, what i meant to say was, he's asking $15,000 for a route of 148 vendstar machines; it comes out to about $100/location, machine included. How would you buy an existing route? what legal contracts would you sign, how do you protect your $15,000 investment? when i bought my full line route, i had a bill of sale listing the addresses of each location, the assets there and the ser# of those assets. the total and the sellers info and all that should be on there and get it notarized. that is pretty much all you need google "bill of sale" for a template. Also make sure to specifcy that you get the $ and product currently in the machine if that is part of the deal you are smart to recognize the machines could easily vanish the next day. there is nothing you can do about that. vending is volitile, so generally you want to avoid paying more than the equipment itself is worth unless there are contracts in place. i am not involved with bulk vending so i cant comment on whether that is a good deal or not. in full line vending the rule of thumb to value a route is 60% of 1yr annual gross revenue or total asset value whichever is higher. not sure if that applies to bulk vending but imo it is a good place to start negotiating especially if the equipment isnt worth near what hes asking Link to comment Share on other sites More sharing options...
musser Posted July 20, 2012 Share Posted July 20, 2012 Good post Dc. My motto: I buy income; not machines, locations or blue sky. The income is what will pay the bills. Link to comment Share on other sites More sharing options...
rico1030 Posted July 20, 2012 Author Share Posted July 20, 2012 thanks dogcow and the others for your advice and input, its greatly appreciated; i haven't yet contacted this seller, but i'll check further into what he's got to offer; at least i now have an idea on how to proceed with the bill of sale regardless of the type of machine; i thought it was an incredible deal, but i realize i can get better machines and take my time locating them myself; Link to comment Share on other sites More sharing options...
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