Larman Posted September 11, 2008 Share Posted September 11, 2008 Hello All, I purchased 10 Vendstar triple bulk machines with locations for $1250. The owner claims that these stops were doing between $20-30 per month. I am hoping that this will be the start of something big. I know this will be work but I am willing to do what is necessary to be successful. Link to comment Share on other sites More sharing options...
Big Mike Posted September 11, 2008 Share Posted September 11, 2008 There are worse ways to start. Dont sit on bad locations. Move them right away if you dont hit your numbers the first service cycle. Mike Link to comment Share on other sites More sharing options...
Larman Posted September 11, 2008 Author Share Posted September 11, 2008 Hi Mike, Thanks for the reply. I have a friend who works for a supermarket management company who has access to over 120 supermarkets. My hope is to break into some of them. I will keep you updated! Larry Link to comment Share on other sites More sharing options...
Beer980 Posted September 11, 2008 Share Posted September 11, 2008 Do you have plans to move into racks? That would be what you need for those supermarkets unless you plan on getting the breakrooms with triples. It is a start for you, I would have liked to see some proof of the $20-$30 a month though. Put away as much as you can towards more machines to help you grow. You should be able to get one new machine a month if those numbers hold true. Link to comment Share on other sites More sharing options...
Larman Posted September 11, 2008 Author Share Posted September 11, 2008 What are you averaging in your bulk machines? Larry Link to comment Share on other sites More sharing options...
alyssamma Posted September 11, 2008 Share Posted September 11, 2008 Larry, $20 to $30 per month for a triple is pretty good. It isn't *amazing*, but it is probably pretty close to average. Also, if those numbers hold up, you are looking at about $3K/year from them. This makes your purchase price of $1250 an amazing deal. About 70% of gross is good, which would be $2100 for your route. So you got it for a fraction of what it is worth. Hopefully your numbers will hold up. Good luck and welcome aboard! Kevin Link to comment Share on other sites More sharing options...
G-man422 Posted September 11, 2008 Share Posted September 11, 2008 Larry, welcome and congrats on your purchase! The normal triple in an average location should do about $21 a month. If you can tap into the supermarket arena with racks you'll be on fire. Good luck and Happy Vending. Link to comment Share on other sites More sharing options...
West Coast Vend LLC Posted September 14, 2008 Share Posted September 14, 2008 Welcome Larry. We are glad you joined Vendiscuss.com and we are looking forward to hearing all about your business. Again, welcome. Gary Link to comment Share on other sites More sharing options...
T BIRD Posted September 14, 2008 Share Posted September 14, 2008 Way to go Larry. Link to comment Share on other sites More sharing options...
markvend Posted September 14, 2008 Share Posted September 14, 2008 Larry - good luck with these. Let us know how you do with them after you service. I have bought 2 different small companies with Vendstars. Most of my machines are Beavers. I went through the routes and pulled some of the Vendstars from low-performing locations and moved them to other routes where I thought more candy choices would benefit me. It has worked out well and brought my averages up per machine. Might keep that in mind if you do more expanding in the future. They have worked best for me in companies with 5 or more employees who used them as the primary snack machine. It seemed to pull in several who did not care for gum. I would often leave a single Beaver gumball and add the vendstar or just offer Chickles gum and 2 candy choices. Hope this helps. Mark Link to comment Share on other sites More sharing options...
markvend Posted September 14, 2008 Share Posted September 14, 2008 Love your "Lipstick on an M&M" comment in light of the current politically charged environment!!! That's a real hoot! Mark Link to comment Share on other sites More sharing options...
Faith Vending Posted September 14, 2008 Share Posted September 14, 2008 Congrats Larry and welcome!! Keep your machines clean and product fresh and show your face regularly and you will be ahead of 70% of your competition. Best of luck and keep us posted. Jim Link to comment Share on other sites More sharing options...
Larman Posted September 15, 2008 Author Share Posted September 15, 2008 Thanks for the kind words and encouragement. I hope to be in this for the long haul. Link to comment Share on other sites More sharing options...
nepavend Posted September 17, 2008 Share Posted September 17, 2008 Good luck to you on your business venture. Definitely try to work the angles with the supermarkets as much as you can. Get racks in front and candy/gum in the break rooms, pound it out and make the $. Good Luck! Joe Link to comment Share on other sites More sharing options...
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