jkhogan21 Posted November 1, 2017 Share Posted November 1, 2017 2 Vendo 721 2 ams35 glass front ams32 glass front Three locations. They are in rehab facilities. Both the staff and patients can use. All have cc readers and the prices are really good for products. They do 1k a month total for all of them. But this guy got into the business for side money and never had time to fill the machines. Went to go see these acounts yesterday and 97 percent of all the machines were empty. Also couple of the workers there said we cant buy anything because there is never anythong on there. I got him down to 15k tell me what you guys think of thos deal. Link to comment Share on other sites More sharing options...
AZVendor Posted November 1, 2017 Share Posted November 1, 2017 I'd try for 10k but no more than 12k tops. But nothing unless you're sure you won't lose the accounts due to their lack of service. Him getting kicked out could be why it's for sale. Link to comment Share on other sites More sharing options...
AngryChris Posted November 1, 2017 Share Posted November 1, 2017 I agree with AZVendor. Due to the circumstances, the accounts are only worth the equipment. Those machines could be anywhere from brand new to 7+ years old. I would say $2,000 per machine is fair, which is $10k. You could buy new machines for $15k. Link to comment Share on other sites More sharing options...
jkhogan21 Posted November 1, 2017 Author Share Posted November 1, 2017 i fogot to say his family owns the places so i will never get kicked out. Also he is going to sign a year contract. machines arent even a year old. Link to comment Share on other sites More sharing options...
AngryChris Posted November 1, 2017 Share Posted November 1, 2017 It's entirely up to you, but i would give the account no value. You should ask for a copy of the reported sales from the card readers. If all cash and credit sales are reported, and total reported sales are less than his claimed sales, then you are purchasing duds. However, if the reported sales do at least what he claims, then there might be room for sales growth. Link to comment Share on other sites More sharing options...
jkhogan21 Posted November 1, 2017 Author Share Posted November 1, 2017 yes i saw the reports. they show cash and cc sales. its rt around 3k Link to comment Share on other sites More sharing options...
AngryChris Posted November 1, 2017 Share Posted November 1, 2017 3k over what period of time? Link to comment Share on other sites More sharing options...
jkhogan21 Posted November 1, 2017 Author Share Posted November 1, 2017 3 months Link to comment Share on other sites More sharing options...
AngryChris Posted November 1, 2017 Share Posted November 1, 2017 Then that's good to know. Just keep in mind that 1k/month between 5 machines isn't great. You still deal with expired products. I know you already got it down to 15k but i think that's high. Do you already have accounts? Link to comment Share on other sites More sharing options...
jkhogan21 Posted November 2, 2017 Author Share Posted November 2, 2017 yes have 52 accounts. im just thinking he is barely servicing these accounts and i know i can do alot better then him so i know my sales will go up. Link to comment Share on other sites More sharing options...
AngryChris Posted November 2, 2017 Share Posted November 2, 2017 If you are already seasoned, and you feel the equipment is worth the price you agree on, then there is potential for a significant sales increase if everything you have said is true. You might need to make sure everyone knows there is a change in management so that things improve faster. Link to comment Share on other sites More sharing options...
lacanteen Posted November 2, 2017 Share Posted November 2, 2017 $12K is 100% of annual sales. Pretty much top dollar for any situation. If you increase sales by 25%, that's $15K, still top dollar if you pay that. Link to comment Share on other sites More sharing options...
jkhogan21 Posted November 2, 2017 Author Share Posted November 2, 2017 the machines have any value? Link to comment Share on other sites More sharing options...
AZVendor Posted November 2, 2017 Share Posted November 2, 2017 Of course they do. They are all great machines to operate. Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.