jkhogan21 Posted October 29, 2019 Share Posted October 29, 2019 seller wants 129k. grosses 4600 a week. takes home 1575. Gross profit of 56% which i think is high. 50 locations with 125 machines half are coke owned. I don’t think it’s a good deal, what you guys think. Some of the locations have to be duds. Let me no what you guys think. Link to comment Share on other sites More sharing options...
AZVendor Posted October 30, 2019 Share Posted October 30, 2019 The numbers aren't horrible on the surface. If his numbers are true it grosses 239K/yr which means the price is 54% of gross - not bad. Pricing by equipment cost comes to 2000 per machine - can't count leased machines. Sales avg is 36 per week per machine, 91 per week per location. You need to know the vend prices, commissions, does it include a truck, dollies, counting equipment, etc. You need the ages of the owned machines and what model numbers, all validated, any card readers? If you see the machines are they clean, lit up and have proper flavor and price labels. Any location contracts? Can you assume the Coke leases? - call Coke and ask yourself. You will need to see the business tax returns for the last 2-3 years. Link to comment Share on other sites More sharing options...
AngryChris Posted October 30, 2019 Share Posted October 30, 2019 As long as the prices add up right then this could be totally legitimate and in the range of being fair priced. I'm not saying it's all 100% true, I am just saying the numbers don't look fishy but it all depends on the pricing. If you see pastries for $1.00, LSS for 75 cents, and things of that nature... that would be a red flag for me because I don't see how you could net that much money after COGS. Pastries should be $1.10-$1.25, candy $1.10-$1.25, LSS 90 cents to $1.00. Small chips 60 - 70 cents. Cans 75 cents to $1.00 (depending on your region) and bottles at least $1.60 for 20 oz and $1.10+ for 16.9 oz (I don't sell 16.9 oz). This does not account for commissions or unusually high sales taxes. Here, sales tax is about 7.5% for sugary beverages. Link to comment Share on other sites More sharing options...
jkhogan21 Posted October 30, 2019 Author Share Posted October 30, 2019 commission is 560 a week.Comes with a 2006 extended van. It comes with everything needed to run a vending route. I’m going to find out thr pricing today and find out the machines. Thanks guys Link to comment Share on other sites More sharing options...
jkhogan21 Posted October 30, 2019 Author Share Posted October 30, 2019 also no contracts Link to comment Share on other sites More sharing options...
Southeast Treats Posted October 30, 2019 Share Posted October 30, 2019 3 hours ago, jkhogan21 said: commission is 560 a week A Week? That's a huge chunk. Link to comment Share on other sites More sharing options...
jkhogan21 Posted October 30, 2019 Author Share Posted October 30, 2019 yes a week Link to comment Share on other sites More sharing options...
AngryChris Posted October 30, 2019 Share Posted October 30, 2019 That's a red flag to me, but not necessarily a deal breaker... yet... Link to comment Share on other sites More sharing options...
TKK Posted November 5, 2019 Share Posted November 5, 2019 U need more info like equip models etc Link to comment Share on other sites More sharing options...
Southeast Treats Posted November 6, 2019 Share Posted November 6, 2019 doing some guessing on numbers here is what I get: weekly collect 4,600 cost of goods (60%) 2,760 (remember he is paying bottler prices for drinks) sales tax (est 6%) 276 WEEKLY commissions 560 (his number) leaving $ 1,004 a week to cover overhead and realize a profit for your time and investment. Even before you take out fuel, insurance, repairs, etc, you have nowhere near what he claims to take home. Granted my numbers are guesses. I like his gross but he has too many machines to juggle to get to that number and a lot of missing info here to make an informed decision.... Link to comment Share on other sites More sharing options...
jkhogan21 Posted November 6, 2019 Author Share Posted November 6, 2019 getting models numbers this week on machines. She sell pastries for 1.25. Lss for 1.00 small chips .75. candy 1.25. cans 1.00 bottles 1.75. going to go ride with them next week to see the machines and how route looks Link to comment Share on other sites More sharing options...
TKK Posted November 6, 2019 Share Posted November 6, 2019 Thats good pricing anything under that is ridiculous. Link to comment Share on other sites More sharing options...
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