AZVendor Posted February 7, 2015 Share Posted February 7, 2015 Welcome to the forum, Terry. You have no idea how fortunate you are to have found this forum. It is the most active vending forum in the world and in my 30 years of vending I didn't stumble onto it until 2013. Welcome aboard. Link to comment Share on other sites More sharing options...
rodney69 Posted February 7, 2015 Share Posted February 7, 2015 Hello, I am looking to get into vending, and while researching I found this forum. I look forward to the information that is available, and connecting with the people here. I am considering bulk vending to start. I am in middle Tennessee, east of Nashville. Thanks, Terry Welcome to the forum Terry! Link to comment Share on other sites More sharing options...
RageKage Posted February 11, 2015 Share Posted February 11, 2015 Hey, Just wanted to say hi to everyone, new to the site. RageKage the name, vending the game..have just a few accounts, but looking to expand this year. Great to see all this valuable info on this site. Glad I found it. Peace! Link to comment Share on other sites More sharing options...
SD Vending Posted February 26, 2015 Share Posted February 26, 2015 Hi All New to Vending from San Diego SD Vending Aaron Link to comment Share on other sites More sharing options...
vfendman1968 Posted February 28, 2015 Share Posted February 28, 2015 Hello. I am new to this forum. Been in the vending business since 1991. Luv to help others with their vending machine problems, Thanks from the midwest. Link to comment Share on other sites More sharing options...
AZVendor Posted February 28, 2015 Share Posted February 28, 2015 Welcome to the forums! Good to have another veteran around. Link to comment Share on other sites More sharing options...
thomasj0426 Posted March 2, 2015 Share Posted March 2, 2015 Hey, Thanks for the post on this subject matter. I have been looking at doing vending for a little bit now and have done the ride alongs with two of the full line guys already one has 9 locations with 16 machines on site and the other had 14 locations with 26 machines on site. One is for he says best offer for 20k and the other is for about 40k. My issue so far is the cheaper one is a older man in his 70's who wants to retire and just play golf more often the issue is the books and even trying to see how long for an ROI on his. The other is for 40k and had 80k in sales all machines are placed at businesses with at least 100 employees. His best location has over 300 employees and that location did 18k in sales last year. Still the issue I am trying to figure out is the average cost to fill the routes and the profit per week. I am meeting with the guy with the 40k route to look at his financial books since he's the only one who kept good books. He claims he just doesn't want to show them to anyone and wants to keep the tire kickers away. The one for 20k he just claims you will make your money back but to me thats not good enough. Any thoughts? Thanks' John Link to comment Share on other sites More sharing options...
thomasj0426 Posted March 2, 2015 Share Posted March 2, 2015 Great post thanks for really explaining it well for newbies. Link to comment Share on other sites More sharing options...
AZVendor Posted March 3, 2015 Share Posted March 3, 2015 Hey, Thanks for the post on this subject matter. I have been looking at doing vending for a little bit now and have done the ride alongs with two of the full line guys already one has 9 locations with 16 machines on site and the other had 14 locations with 26 machines on site. One is for he says best offer for 20k and the other is for about 40k. My issue so far is the cheaper one is a older man in his 70's who wants to retire and just play golf more often the issue is the books and even trying to see how long for an ROI on his. The other is for 40k and had 80k in sales all machines are placed at businesses with at least 100 employees. His best location has over 300 employees and that location did 18k in sales last year. Still the issue I am trying to figure out is the average cost to fill the routes and the profit per week. I am meeting with the guy with the 40k route to look at his financial books since he's the only one who kept good books. He claims he just doesn't want to show them to anyone and wants to keep the tire kickers away. The one for 20k he just claims you will make your money back but to me thats not good enough. Any thoughts? Thanks' John You should let someone else take the risk with the accounts being sold by the 70 year old as he doesn't realize that providing useful and accurate information to a buyer can be helpful in selling his business. I realize that he's 70 but that doesn't mean you should throw caution to the wind and take him at his word. Many old time vendors still have prices from the old days and don't care to rile their customers by raising prices to realistic levels. They often have old machines that need a lot of maintenance. At least the other seller sounds willing to let you see his books. What you should do is take notes of total numbers in sales by month and year, preferably by location - without names and addresses, of course. You need to know what the selling prices by product category are, what commission amounts he pays and what his product costs are. With that information and the models of machines he's selling you can make a more informed decision. Post the results of your visit with him in the Food and Beverage forum and the members there can help you dissect that info. Link to comment Share on other sites More sharing options...
grand Posted March 4, 2015 Share Posted March 4, 2015 Hey, Thanks for the post on this subject matter. I have been looking at doing vending for a little bit now and have done the ride alongs with two of the full line guys already one has 9 locations with 16 machines on site and the other had 14 locations with 26 machines on site. One is for he says best offer for 20k and the other is for about 40k. My issue so far is the cheaper one is a older man in his 70's who wants to retire and just play golf more often the issue is the books and even trying to see how long for an ROI on his. The other is for 40k and had 80k in sales all machines are placed at businesses with at least 100 employees. His best location has over 300 employees and that location did 18k in sales last year. Still the issue I am trying to figure out is the average cost to fill the routes and the profit per week. I am meeting with the guy with the 40k route to look at his financial books since he's the only one who kept good books. He claims he just doesn't want to show them to anyone and wants to keep the tire kickers away. The one for 20k he just claims you will make your money back but to me thats not good enough. Any thoughts? Thanks' John I'm surprised you would still be considering any investment, let alone one at $20k, from a seller that won't let you see the books. I would ask for a redacted version of the books, and depending on what he still wants to hide, make a decision to move on or not. You can also verify claimed income by reviewing his tax returns, which should spell out how much money was earned every year and from what sources the income came from. The IRS Principal Business Activity Code you're looking for is "454210 - Vending Machine Operators." I would think he just doesn't want you to see the addresses of his current locations, fearing you might poach them, but you've already done a ride along--so you should already have an idea of where his locations are. This sounds kind of fishy. You can also offer to sign a non-disclosure agreement (DO NOT sign a non-compete agreement) if that makes him more comfortable. But overall, you can only believe or trust the income that the seller is able to prove and verify to you. Otherwise, it probably doesn't really exist. Link to comment Share on other sites More sharing options...
vballest Posted March 10, 2015 Share Posted March 10, 2015 Hi everyone, my name is Vanessa and I'm new to the vending business. I'm so glad to have found this forum because I've found so much useful information already. Thank you to everyone for your great insight and advice! Link to comment Share on other sites More sharing options...
koversho Posted March 22, 2015 Share Posted March 22, 2015 I'm new to this business and I need a form to help with my calculations, cost, etc, but I received a error that says I can not download any forms. Any help is greatly appreciated. Link to comment Share on other sites More sharing options...
rodney69 Posted March 22, 2015 Share Posted March 22, 2015 I'm new to this business and I need a form to help with my calculations, cost, etc, but I received a error that says I can not download any forms. Any help is greatly appreciated. Way kind of form are you looking for? Cost of goods or a tracking form? If you need a candy cost of goods, send me a pm with your email and I'll send you one I'm working on. Link to comment Share on other sites More sharing options...
caserri Posted March 22, 2015 Share Posted March 22, 2015 I'm new to this business and I need a form to help with my calculations, cost, etc, but I received a error that says I can not download any forms. Any help is greatly appreciated.You should be able to download what you need now. Link to comment Share on other sites More sharing options...
koversho Posted March 23, 2015 Share Posted March 23, 2015 Hello everyone, From the moment I found the site it has been a wealth of knowledge. I thank you for this. My name is Keith & i'm from Tx. I havent purchase my machiine yet, i'm still lookinf to that. I know that I want something called a combo machiine. The location I have brings in 150+ kids a day. I know it a money maker. I dont know wher to start. Link to comment Share on other sites More sharing options...
AZVendor Posted March 24, 2015 Share Posted March 24, 2015 Welcome to the forum, Keith. Combo machines aren't recommended as they don't produce enough income before you have to fill them again. If the location is a worthwhile one then you want to use dedicated snack and soda machines. There is a dearth of crappy imported combo machines and you want to avoid them if that's the direction you go. The ones to use will be from National/Crane, Automatic Products/AP, AMS or USI. Try to stick with cans only until you decide you like the vending as they are easiest to buy and have the longest shelf life. You will have trouble avoiding stale products with only one snack machine due to the quantities of snacks you'll have to buy for just the one machine. We always recommend that new vendors do soda only for a while then venture into snacks. Check out the Beverage and Food sub-forum and read, read, read. Link to comment Share on other sites More sharing options...
moondog Posted March 25, 2015 Share Posted March 25, 2015 Hello everyone, From the moment I found the site it has been a wealth of knowledge. I thank you for this. My name is Keith & i'm from Tx. I havent purchase my machiine yet, i'm still lookinf to that. I know that I want something called a combo machiine. The location I have brings in 150+ kids a day. I know it a money maker. I dont know wher to start. Start with canned soda and a good snack machine - as AZ stated combo machines are not where you want to be with any potentially good account, I will only use them as satellite machines in lower volume management offices where I have other machines onsite. For the price of a decent combo machine (or even a crappy one) you should be able to purchase a good soda machine and separate snack machine. 150 kids with pocket change could clean out almost any combo machine in a matter of hours. Link to comment Share on other sites More sharing options...
Lawman079 Posted March 27, 2015 Share Posted March 27, 2015 Hey, new member here. Newbie, just purchased my first machine. I bought a Vendo v475. The machine is older, but still in great working order. I am located in the greater Sacramento region. Link to comment Share on other sites More sharing options...
JROXUL Posted March 30, 2015 Share Posted March 30, 2015 New to the forum, but a long time veteran of the industry. Forty two years old and have over thirty years in. I run a small family owned full-line co. Looking forward to seeing some of the downloads. Link to comment Share on other sites More sharing options...
rackman Posted March 30, 2015 Share Posted March 30, 2015 I am new to this forum and am especially interested in comments pertaining to the Saeco SG200 barista machines. I purchased 4 of these machines in May of 2012 from Canmax. All 4 machines have been placed for most of the past 2 years and are doing well. I pulled one machine which had about 22,000 vends on it to do some major repairs. That machine is now ready to be placed again. I am considering buying another machine. New from Saega, they are about $3,350 including shipping but no payment system (coin or dollar bill acceptor). I am now shopping around to see if I can get a cheaper deal on a new (or slightly used) machine. I'd like to have 1 machine on hand for parts since getting parts quickly is a chore. I live in Minnesota. Link to comment Share on other sites More sharing options...
tdillard Posted April 1, 2015 Share Posted April 1, 2015 Thank you for the opportunity to learn more about the vending world. I am new to this. Link to comment Share on other sites More sharing options...
vvtwins Posted April 13, 2015 Share Posted April 13, 2015 This was a very helpful post thanks for the info Link to comment Share on other sites More sharing options...
SherlockHolmes Posted April 16, 2015 Share Posted April 16, 2015 I have been doing honor boxes for a few months. I also have 10 triple head bulk machines that I have had for over a year. I recently purchased more triple head bulk machines to increase my route. I am located in the midwest. Link to comment Share on other sites More sharing options...
vender4321 Posted April 26, 2015 Share Posted April 26, 2015 Currently opening a new healthy vending company. Hope to use this site often. Thank you for the opportunity to learn more about the vending world. Link to comment Share on other sites More sharing options...
Arcade Posted May 15, 2015 Share Posted May 15, 2015 Great advice. I work mainly arcade and I'm slowly getting into vending. Enjoying it so far! Link to comment Share on other sites More sharing options...
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