Purchasing an existing vending business, GOOD or BAD idea?
#1
Posted 19 September 2007 - 12:02 AM
I have been thinking about getting into the vending business for some time now and have run across a business that is for sale with 55 machines, 38 bulk candy, 14 pop, 5 snack and a 1993 Astro Mini van, what would one pay for something like this to expect to make a go of it and is it really a good idea to purchase a bunch of older machines? The way I look at it is, it is all set up and I can build on what exists, but on the other hand am I going to be spending too much time fixing? I spoke to the fellow that curently owns the business and he tells me that the business consists of a bunch of machines that he has purchased over the years from other businesses that have sold, they are older but have been virtually trouble free, he says, also he tells me that he spends about 35 hours a month on the route and pulls about $30,000/year part time of course is this acurate do you think, how imposible would it be to build on this figure I would eventually like to "FIRE MY BOSS" and make a living with this of course I am going to keep my current job and do this part time to begin with until I really get my feet wet, any expert advise would be greatly appreciated, I don't want to get stuck with another one of those hair brain sceams of mine....
#2
Posted 15 October 2007 - 09:39 AM
Good Day Folks,
I have been thinking about getting into the vending business for some time now and have run across a business that is for sale with 55 machines, 38 bulk candy, 14 pop, 5 snack and a 1993 Astro Mini van, what would one pay for something like this to expect to make a go of it and is it really a good idea to purchase a bunch of older machines? The way I look at it is, it is all set up and I can build on what exists, but on the other hand am I going to be spending too much time fixing? I spoke to the fellow that curently owns the business and he tells me that the business consists of a bunch of machines that he has purchased over the years from other businesses that have sold, they are older but have been virtually trouble free, he says, also he tells me that he spends about 35 hours a month on the route and pulls about $30,000/year part time of course is this acurate do you think, how imposible would it be to build on this figure I would eventually like to "FIRE MY BOSS" and make a living with this of course I am going to keep my current job and do this part time to begin with until I really get my feet wet, any expert advise would be greatly appreciated, I don't want to get stuck with another one of those hair brain sceams of mine....
Hi jkosmoney,
I am not sure if this will help but have you looked into vending but healthy type of vending? I am trying to pass the words around about this business just for the kids sake. I spoke to a gentelman in Los Angeles about the business and he was really informative about the business. He own Vend Natural, Inc. I understand that he has secured vending location and its at school sites. I think you should talk to him about this. I am not sure in what states. You might want to inquiring about business as well. Have a look at what they offer-vendnatural
gary00
#3
Posted 01 December 2007 - 10:01 PM
Good Day Folks,
I have been thinking about getting into the vending business for some time now and have run across a business that is for sale with 55 machines, 38 bulk candy, 14 pop, 5 snack and a 1993 Astro Mini van, what would one pay for something like this to expect to make a go of it and is it really a good idea to purchase a bunch of older machines? The way I look at it is, it is all set up and I can build on what exists, but on the other hand am I going to be spending too much time fixing? I spoke to the fellow that curently owns the business and he tells me that the business consists of a bunch of machines that he has purchased over the years from other businesses that have sold, they are older but have been virtually trouble free, he says, also he tells me that he spends about 35 hours a month on the route and pulls about $30,000/year part time of course is this acurate do you think, how imposible would it be to build on this figure I would eventually like to "FIRE MY BOSS" and make a living with this of course I am going to keep my current job and do this part time to begin with until I really get my feet wet, any expert advise would be greatly appreciated, I don't want to get stuck with another one of those hair brain sceams of mine....
Hmm, kinda odd that a car comes with the deal, it makes sence but still pretty odd. Reffer to this website on starting up our business from scratch. It's very useful:
http://howtobesucces...s.blogspot.com/
#4
Posted 04 January 2008 - 03:03 PM
Hi jkosmoney,
I am not sure if this will help but have you looked into vending but healthy type of vending? I am trying to pass the words around about this business just for the kids sake. I spoke to a gentelman in Los Angeles about the business and he was really informative about the business. He own Vend Natural, Inc. I understand that he has secured vending location and its at school sites. I think you should talk to him about this. I am not sure in what states. You might want to inquiring about business as well. Have a look at what they offer-vendnatural
gary00
Do you really think those health foods would sell? I checked out the site too, and I have to say the reason so many people buy a bag of chips instead of an apple is not because of what we vend, but what people want. I operate most of my machines in lunchrooms of businesses, and they sell snacks like crazy! I checked out their fridges from time to time to get an idea of what people bring for themselves, but i never see healthy food. I doubt kids are going to be any better. Why would you want to eat fruit or a sandwich when billions of dollars of advertising are going to tell you to buy a coke or a Crispy Crunch bar instead? I can't prove it, but I believe that now that schools are removing the snack machines, more kids are going to go across the street during lunch or recess to a convenient store to get their snacks... We will have to wait to see if I'm right or not.










