kdub3821 Posted September 19, 2014 Share Posted September 19, 2014 Looking at a mall location for sale. Price asking is 12k. I don't have all the details yet but will post back when I get them. The seller has three stands by all entrance hallways of the mall. Each one looks to have 12 or above heads. I just wanted to talk to anyone that has a setup like this. Are they worth it? What's a standard commission? Mostly gum and hard candy in the heads. Have you tried to put in toys? Any input would be appreciated. Thanks Link to comment Share on other sites More sharing options...
kdub3821 Posted September 19, 2014 Author Share Posted September 19, 2014 Claiming 1k a month Link to comment Share on other sites More sharing options...
musser Posted September 19, 2014 Share Posted September 19, 2014 How much is the rent? It will be easy to check his sales figures because he has to report monthly to the ,mall leasing office. Ask to see his copy of his sales reports for the past 12 months, agree on price, then ask him to go to the mall lease office with you to look at the mall copy of the report. Link to comment Share on other sites More sharing options...
kdub3821 Posted September 19, 2014 Author Share Posted September 19, 2014 Rent to the mall is 400 a month. With a month to month contract. Link to comment Share on other sites More sharing options...
kdub3821 Posted September 19, 2014 Author Share Posted September 19, 2014 He is asking 12k. If I new how to post pics I would. What do you thing. Link to comment Share on other sites More sharing options...
musser Posted September 19, 2014 Share Posted September 19, 2014 How much does it make a month? Can you get. Year to year contract, because if you can't you may be asked to pull the machines during the Christmas season so the mall can rent a kiosk space for the holidays Link to comment Share on other sites More sharing options...
kdub3821 Posted September 19, 2014 Author Share Posted September 19, 2014 I can ask. I would hate to buy then start asking to change the contract. Makes 1k a month Link to comment Share on other sites More sharing options...
musser Posted September 19, 2014 Share Posted September 19, 2014 oops,l ol, you already did post the income. Better to get a contract before you buy. Maybe the reason its being sold as he cant get a new contract. Link to comment Share on other sites More sharing options...
kdub3821 Posted September 19, 2014 Author Share Posted September 19, 2014 He stated in his ad that you can take the equipment or keep them on location. I'll ask. If the contract is good do you think sale price and profit is worth it? Link to comment Share on other sites More sharing options...
musser Posted September 20, 2014 Share Posted September 20, 2014 No Link to comment Share on other sites More sharing options...
kdub3821 Posted September 20, 2014 Author Share Posted September 20, 2014 Why? Say I can get him to get a year contract and drop the price to 8 to 9k Link to comment Share on other sites More sharing options...
havending Posted September 20, 2014 Share Posted September 20, 2014 People very rarely sell good locations. Malls are more pain than they are worth. Mall contracts only have the mall intrest in mind. They will move you to the worst hall in a NY min. I Would pass and focus on 5 to 7 ways. Link to comment Share on other sites More sharing options...
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