resurgent Posted April 20, 2010 Share Posted April 20, 2010 Hey guys this is my first post here. I am buying a soda machine already placed. The seller says it makes $50 or so a week on average and $150 a month. How can I verify this? What am I looking for in receipts etc that proves this? Also it's a Dixie Narco. What do I need to check to make sure it is in good working order? This will be my first machine. Thanks! Link to comment Share on other sites More sharing options...
s.weir Posted April 21, 2010 Share Posted April 21, 2010 How much are you paying for the machine and location? That seems like a fairly small profit to me so that is why I ask. I would definitely find and read a manual for the appropriate Dixie Narco, as far as knowing if the machine is in working order make sure it cools and that all of the rows function. Good Luck! Link to comment Share on other sites More sharing options...
gundog Posted April 21, 2010 Share Posted April 21, 2010 I have not come up with a absolute solid way to prove sales. Every way I can think of can be molested in some fashion. A $50 a week location is a "good location" in my book. Why is he wanting to sell and how much is he asking? Many guys will inflate the sales #(lie to you)so you have to be careful of that. If it is doing $50 per week -then figure out how many cans it would take to come up with that figure and see if the amount of people working there support what he is saying. Example- If he is saying $50 per week at $.60 per can you would need to be selling 80 cans per week to come up with that #. Take into account normal business hours- I would say there needs to be a dozen or so people working there and some traffic to come up with $50/week. Link to comment Share on other sites More sharing options...
resurgent Posted April 21, 2010 Author Share Posted April 21, 2010 Thank you everyone for responding. I find out which specific machine this weekend. They are sellng because it's off the beaten path compared to their normal route. We haven't negotiated a price but $1000 or higher has been thrown around. They did say it is fairly new maybe 1-2 years? Bought for $650. Link to comment Share on other sites More sharing options...
lurtsman Posted April 21, 2010 Share Posted April 21, 2010 It would concern me that 50$/week and 150$/month come up in the same conversation. Most of my months have at least 28 days. 50$/week in my months is equal to just over 200$/month. Link to comment Share on other sites More sharing options...
resurgent Posted April 21, 2010 Author Share Posted April 21, 2010 Oops a typo. I meant to say $150 on a bad month. Average of $50 a month. Link to comment Share on other sites More sharing options...
s.weir Posted April 21, 2010 Share Posted April 21, 2010 Ah see this makes sense. IF (and thats a big if) it is making $150 in a bad month and an average of $200 per month I would have GLADLY purchased it for $1000. This is just my opinion though. Link to comment Share on other sites More sharing options...
resurgent Posted April 21, 2010 Author Share Posted April 21, 2010 Thank you for the input. This thread is full of typos lol * average $50 a week $200 a month but on a bad month $150 total. How do I verify this on a Dixie narco machine? Link to comment Share on other sites More sharing options...
Poplady1 Posted April 21, 2010 Share Posted April 21, 2010 If this machine is fairly new within 1 to 2 years then you will be buying the account for the value of the machine plus product and money inside on the date of sale. That fact that it is placed and making money is a plus. If it is actually making $50 a week most vendors consider this income on a drink a keeper. It sounds like you are a new vendor. Will the seller be available if you have service questions? If so all in all it sounds like a fair deal if the machine is actually that new. Check the model and serial number. You can determine the machines actual age with the serial number. The vending business is not cheap. The equipment is expensive and finding good accounts is difficult. Plus add in the hard work of purchasing product, filling the machine and keeping it sparkling clean (most important part of the job)...you end up earning those quarters with some sweat. Blue Moose Link to comment Share on other sites More sharing options...
resurgent Posted April 21, 2010 Author Share Posted April 21, 2010 Thank you Poplady! I am determined so succeed and ready for all the hard work! Link to comment Share on other sites More sharing options...
sbishop Posted April 21, 2010 Share Posted April 21, 2010 most soda machines can track sales. That would not stop the guy from running extra sales through the machine. If you had bought the machine for $650 and had it delevered and set up it would cost a min $75 - $150 depending on the distance of the delivery and who you found to do it. I would talk to the owner and employees of the location. Ask them if the machine is working, and if they are having any issues. If they respond with I do not know...I do not use it. That would be a red flag. If you are looking to get into full line vending, buying a machine on location is a good way to start(if you do not over pay). You do not have to move it, and if it does not do well, you can leave it there until you find a better location. I would offer around $800 Link to comment Share on other sites More sharing options...
resurgent Posted April 23, 2010 Author Share Posted April 23, 2010 Hey guys specifically how do I check a dixie narco machine vend count? I want to somehow validate sales or atleast try to Link to comment Share on other sites More sharing options...
mission vending Posted April 23, 2010 Share Posted April 23, 2010 First we would need a model to be able able to help you with that part. Second, even if you get the vend count and/or cash count you would need to have the count number on the machine when it was installed to verify sales figures. So this may or may not be helpful See if you can get some info about the number of people there, if they are there all day and if there is any outside traffic coming through. With that info we can tell based on averages and experience if the numbers are at least reasonably realistic. Link to comment Share on other sites More sharing options...
resurgent Posted April 28, 2010 Author Share Posted April 28, 2010 Ok guys and gals let me ask you this.. If I am buying a location, other then speaking with the owner of the location what else can I do to protect my purchase? Should I have the location owner sign an agreement? What should I have the seller of the location sign? Link to comment Share on other sites More sharing options...
mission vending Posted April 28, 2010 Share Posted April 28, 2010 I wouldn`t bother with the location agreement. Get a bill of sale from the sellers and make sure the serial # is on it. Change the lock, make sure business owner is aware you are new owner. If you want ..... add a letter from seller stating he won`t solicit location for vending services for X amount of time. IMO this would be overkill for a single machine and location but that`s up to you. Link to comment Share on other sites More sharing options...
spdydre Posted April 30, 2010 Share Posted April 30, 2010 I am looking at a single price DN on location owner says its been there a little over two months and last month made $120 gross. He is asking $850 is this a fair price? Link to comment Share on other sites More sharing options...
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