NinnJinn Posted August 29, 2010 Share Posted August 29, 2010 My guess is that he is blowing smoke. or he is about to lose a lot of accounts! Anyways, it just doesn't add up. Craigs List: This is a well established vending business consisting of about 50 accounts and 90 machines total. It's gross sales bring in about 140,000 to 150,000 dollars annually. Included with the business is a 1995 Chevy box truck, a 1987 Chevy pickup with a lift gate for hauling machines, all inventory presently owned, as well as numerous repair and replacement parts for the machines. You spend about 20 to 25 hours a week running the route and clear about 600 to 800 dollars a week. The reason I have decided to sell this business is to go back to school to pursue a degree in business. This would be a great business for a family that would like to get their kids involved in helping out for some extra money. ( He also listed a phone number but I left it out.) Link to comment Share on other sites More sharing options...
amc-vending Posted August 29, 2010 Share Posted August 29, 2010 If I am grossing that much a year - I wouldnt worry about going back to school to get a job that pays less then that. Link to comment Share on other sites More sharing options...
NinnJinn Posted August 29, 2010 Author Share Posted August 29, 2010 My thoughts exactly! Accountants put in a lot of hours to earn an $800 paycheck. Especially around tax time! Link to comment Share on other sites More sharing options...
mission vending Posted August 29, 2010 Share Posted August 29, 2010 Actually the numbers are plausible. A good route should be able to run 250K a year fulltime. So 140-150 on 25 is realistic. However he fails to mention that as owner operator there is also time for paperwork, loading and cleaning truck and other things a one man shoe has to do. 600-800 week also works if prices and COGS is in proper ratio. My guess closer to the 600 number. Thats less than 50K a year, before personal income taxes. Also fails to mention that unless this is a cash purchase the debt payment will eat into the weekly pay significantly. So depending on price and terms a buyer could wind up working for free until the debt is retired. Link to comment Share on other sites More sharing options...
Profits Posted August 29, 2010 Share Posted August 29, 2010 He says what it grosses yearly, and what you'd take home weekly, but he neglects to mention the sale price... or terms of the sale. Seems like a pretty critical piece of information to conveniently leave out. Link to comment Share on other sites More sharing options...
NinnJinn Posted August 29, 2010 Author Share Posted August 29, 2010 If anyone wants the location or phone number, Let me know. I didn't know if I could post the number here on the open forum or not. Link to comment Share on other sites More sharing options...
alboy88 Posted August 29, 2010 Share Posted August 29, 2010 this is funny this guy is in my area he bought his route from a guy that retired as a matter afact i got one of his locations because he couldnt keep it serviced as far as sales i dont know but i do know the guy that sold it to him wanted $185,,000.00 for it it had 190 machines out so there is some truth but im not sure how much Link to comment Share on other sites More sharing options...
dogcow Posted August 29, 2010 Share Posted August 29, 2010 My guess is that he is blowing smoke. or he is about to lose a lot of accounts! Anyways, it just doesn't add up. Craigs List: This is a well established vending business consisting of about 50 accounts and 90 machines total. It's gross sales bring in about 140,000 to 150,000 dollars annually. Included with the business is a 1995 Chevy box truck, a 1987 Chevy pickup with a lift gate for hauling machines, all inventory presently owned, as well as numerous repair and replacement parts for the machines. You spend about 20 to 25 hours a week running the route and clear about 600 to 800 dollars a week. The reason I have decided to sell this business is to go back to school to pursue a degree in business. This would be a great business for a family that would like to get their kids involved in helping out for some extra money. ( He also listed a phone number but I left it out.) splitting the difference 145,000 / 90 machines / 52 = 30 per week per machine Link to comment Share on other sites More sharing options...
NinnJinn Posted August 29, 2010 Author Share Posted August 29, 2010 AHHHH, I have my answer now! Thanks for doing the math dogcow! I figured something was up, but however, I never thought to do the math! Link to comment Share on other sites More sharing options...
RJT Posted August 29, 2010 Share Posted August 29, 2010 splitting the difference 145,000 / 90 machines / 52 = 30 per week per machine Link to comment Share on other sites More sharing options...
NinnJinn Posted August 29, 2010 Author Share Posted August 29, 2010 splitting the difference 145,000 / 90 machines / 52 = 30 per week per machine That would be pathetic if they were bottle machines! Link to comment Share on other sites More sharing options...
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