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Route Value?


ABCVending
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So I have more locations than I can efficiently manage at this point - looking to cull a few from the herd.

Have a nice little group of 3 accounts all within a couple of miles of each other, beverage only, equipment all DN bottle drops - 1 2145 and 2 5591's.

Pretty sure the 2145 was a Dixie refurb - has the 5591 board, tall gates etc.

The accounts are meh - average bout $100/mo gross ea - but the equipment is in good shape and the accounts are stable, competitors are not banging on the door trying to steal the business (and they are regularly serviced, no stales, no service interruptions)

I figure the equipment is worth $4500 and the locations $500 for a total of $5000 for everything including inventory in the machines at time of sale.

This sound about right?  (I know some of you guys hate the bottle drops, but they are MDB, Credit Card ready, can vend almost any beverage and have good coin mechs and validators in them) - location ready, obviously as they are sitting in locations earning money.

DN Bottle drops go anywhere from $1200-$3000 on Fleabay, and you have to pay for shipping on the cheap ones.  I hardly ever see them for sale locally, and always around $1500 when they do come up - and that is never on location.

Never can find em when I need em, and will probably regret selling them off, but the shop is full and I hate to yank them off of stable locations despite the low volume sales - seems like someone starting out could get their feet wet with this set up....

Opinions welcome - unless they suck and I disagree with them.

Thanks

 

ABC

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7 minutes ago, ABCVending said:

Opinions welcome - unless they suck and I disagree with them

FYI - kidding, sometimes forget that people can have thin skin when they can't tell you are joking around - like to hear what consensus is on route value, thanks

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Someone starting out would struggle with 3 bottle drops.  That would do them no justice at all.  As for the price, I wouldn't pay anything for bottle drops.  I simply don't want them.  Bottle drops have the same common problems that modern glassfronts have -- they require a lot of rotation at slow accounts.  If the account is good, then obviously a bottle drop is alright, but I would rather put a modern glassfront at a good location (or two stack vendors, ideally).  So I guess the real question is... does anyone think they are worth $5,000?  Why not move those bottle drops to your better locations and put some stack vendors in these locations?  Then, you can sell the locations much cheaper and have bottle drops with more variety at your better locations.

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I agree that a new vendor would have a lot of issues with bottle drops. The only reason I buy 5591s anymore is if I need to convert the top two shelves to entray. Otherwise I get DN5800/3800 from Coke, Pepsi or Columbia free.

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3 hours ago, lacanteen said:

You're selling a $3600 cash stream. Priced at over 100% of annual revenue is high.  Why can't you handle these 3 accounts? They only need worked once a month. 

Was looking at it more like an equipment sale - bottle drops are hard to come by out here (whether you hate them or not) - if they were old Vendo stackers, price would be less than $3k for everything.

Yep, probably should just hang on to em - stable, weekend access - what's not to love.

1 hour ago, vendcobros said:

agree that a new vendor would have a lot of issues with bottle drops. The only reason I buy 5591s anymore is if I need to convert the top two shelves to entray. Otherwise I get DN5800/3800 from Coke, Pepsi or Columbia free.

Don't have an account with bottlers am sure free machines are the way to go - too bad you can't get free product from them as well.

I don't get the issue with the bottle drops - they vend everything and are simple to work on - as AZ Vendor has pointed out multiple times, with correctly aligned drop sensors, mis-vend issues are minor - keep em clean and rotate stock.

3 hours ago, AngryChris said:

 So I guess the real question is... does anyone think they are worth $5,000?

Your killing me Smalls....

The question should probably be not what YOU guys would pay (most of you apparently get free machines and scrap bottle drops like used condoms) - but if you were selling a nice bottle drop at a stable location - $1200/gross yr - you think $1500 is in the ball park.  Again, like them or not, pretty hard to lay hands on a location ready 5591 for under $1k and that is usually a pig in a poke with high shipping charges.

 

ABC  

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$1500 each for DN5591 on site is a good price. But I think the general consensus is it's not worth having at a $1200 / year stop. I'm sure you could list them for up to $2000 on Craigslist if they're fully functional.

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You misunderstood me. My point was that they are only worth what someone is willing to pay. Is $5,000 fair? Perhaps, but being hard to find is meaningless.   Polyvends, Cavaliers, and Lekrovends are hard to find too, but that doesn't add any value to them.  The bottle drops are too new to be a collector's item and too old to put at a high end location. 

And no, I don't get free machines, not good ones anyway.

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1 hour ago, AngryChris said:

Polyvends, Cavaliers, and Lekrovends are hard to find too

Damn, I am on a ROLL! - think I have one of each of those.....maybe if I bundle them as "rare" vending machines I can get a few hits.....

Lol - I don't think bottle drops are hard to find because nobody wants them, pretty sure if I offered up a half dozen location ready 5591's for $1000 ea they'd sell in a day.

Was just trying to get a feel for what you guys would sell for - again, I know some of you hate 'em and won't buy them but pretty sure even the most anti-bottle drop guy on here isn't going to give them away (if you are, PM me and I'll arrange for trucking to come pick them up)

 

 

 

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I just don't understand why you're willing to buy them if you want to sell the ones you have. You said they are hard to find when you need them. That's literally what you said. Then, you said you might regret selling them off. Then... you say they aren't hard to find. It sounds very contradictory.  If you want to get rid of them, sell them for 1k each on location. If not, then pick them up and switch them with locations that could use them. I'm not anti-bottle drop per se... rather, I'm pro stack vendor.

I'm not trying to be an golpher, but it seems like you're attached to the machines and/or the accounts and you hold a higher value because of it. If someone would buy my slow accounts, I'd sell them cheap. Save on moving expenses, get rid of machines I don't need and accounts I don't want. It's a win/win. Unless, of course, the equipment is worth putting on better locations. Then I'm just picking the equipment up.

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1 hour ago, AngryChris said:

I just don't understand why you're willing to buy them if you want to sell the ones you have. You said they are hard to find when you need them. That's literally what you said. Then, you said you might regret selling them off. Then... you say they aren't hard to find. It sounds very contradictory.

All good brother - not looking to buy any more bottle drops right now, I was joking that I'd take them for free if people hate them so much they are giving them away...

Probably not being clear:  Look at it from this angle:   I have a 5591 location ready sitting in my shop, and I have a 5591 sitting in a location earning money - I figure they are both worth $1500 as they sit but seems like someone would rather buy the one on location than the one in my shop - maybe that is wrong.  

Was just trying to get a feel for what you guys would sell them for.

I was just looking at this as an equipment sale and the fact that they are earning money now is just gravy - the locations may be slow, but they are earning and I don't see how that devalues the equipment - maybe it does and I just am too dense to see it.

Anyway, have had the ad up on Craigslist for 4 days and have had 11 inquiries - 4 lowball offers of around $3000-$3500 based on gross (proves your point I guess)

2 guys that want to start the negotiation at $4000

1 guy that really, really wants to get into vending and is cool with $5,000 but needs me to carry half the money for 90 days.

and another 4 that just want to ask questions (so far)

I don't want to stick it to some newbie if the asking price is unreasonable so figured I'd check on here - I know I paid a hell of lot more for lesser equipment when I was starting out.

 

ABC

 

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Oh - bad wording - In Seattle bottle drops are hard to find.

I don't think they are hard to find because people hate them, I think they are hard to find because there is a strong market for them up here and anything location ready for $1500 gets snapped up in quickly. 

Seattle recently passed a 1.75 cent per ounce tax on soft drinks - $.21 increase PER 12 oz can - ouch.  Has really increased interest in glass fronts up here due to the variety of product that can be vended.

 

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22 hours ago, vendcobros said:

I agree that a new vendor would have a lot of issues with bottle drops. The only reason I buy 5591s anymore is if I need to convert the top two shelves to entray. Otherwise I get DN5800/3800 from Coke, Pepsi or Columbia free.

I just bought my first one for $700. Can you tell me what you mean by converting the top two shelve to entray?

Thanks

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Changing the top tray to snack shelves is about $400-600 per shelf plus an updated logic board and Entray harness and you need a new delivery bin to fit the entray vend sensor and segmented delivery door.  Very expensive to do and it requires modification of the shelving system to install the two new shelves.  

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