IM CURRENTLY SEARCHING FOR LOCATIONS. BUT ONCE I FIND ONE, DO I HAVE TO HAVE THEM SIGN A CONTRACT? I DONT REALLY FEEL COMFORTABLE RELYING ON SOMEONES WORD...THATS HOW PEOPLE END UP IN SMALL CLAIMS COURT.
ANY ADVICE IS APPRECIATED. THANKS!
IS A LOCATION CONTRACT NECESSARY?
Started by MsDani, Sep 18 2009 01:12 PM
6 replies to this topic
#2
joshfizzle
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Posted 21 September 2009 - 03:06 AM
"...ending up in small claims court"? Vending is an all cash business. The owner of the location would have an extremely difficult time proving what you did or didn't owe him/her. If you properly explain to the owner/decision maker that you'll be averaging revenue anywhere between $5-150 a month (more like $5-15), then I would assume they wouldn't put up too much of a fuss about getting, for example, 15% of $15. This is why many locations will agree to have you donate their part to a charity. To specifically answer your question, I wouldn't mess with contracts if it is possible. There a way too many other locations you could put your machine that wouldn't require one. Also, what can be said about a person who is worried about a couple dollars a month? If you decide to do a contract, I'd base it on a percentage of what you profit, not a flat-rate. Otherwise you could be creating an "alligator" that eats into your earning potential. Always be reserved or modest in your predictions of income. I hope this helps.
#3
chrisdunn77
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Posted 21 September 2009 - 12:57 PM
A contract is a good idea, even if it is basic. it does not have to be binding it can just be a list of services you will provide, and general info. that way the business owner can see things in "black and white". your less likly to run into problems. here is an example.
****************************************************************************************
Company: ______________________________________________________________
Address: _______________________________________________________________
Phone: ________________________________ Email: __________________________
Contact / Manager / Owner: _______________________________________________
Gross Profit Commission % or Charity: _______________________________________
If GP Commission, is it paid out in 3, 6 or 12 month increments: ___________________
If GP Commission make checks payable to and send to: _________________________
_______________________________________________________________________
Type of Vending Equipment to be placed: _____________________________________
Machine Number(s): ______________________________________________________
Location will never be charged anything for services through ZYX Vending Services.
ZYX Vending Services will supply and install vending equipment at the above location. Vending operator will stock and clean the equipment a minimum of once every 30 days. Above location may request more frequent stock and cleaning visits if required.
The vending equipment shall remain the property of ZYX Vending Services.
ZYX Vending Services assumes all responsibility for theft, vandalism, and equipment maintenance.
Contact, Manager, or Owner of the above location agree to immediately notify ZYX Vending Services in the event of the location going out of business or, a transfer of ownership.
This agreement is not binding on either party. The vending equipment may be removed by either party, for any reason, with a minimum notice of three business days.
Upon termination of the agreement, by either party, the location is to receive the appropriate amount of the agreed upon compensation (If not a charity location). If this location is commissionable, a final commission check will be mailed to the location within 30 days.
Other Info: _________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
ZYX Vending Services: ________________________ Title: __________________Date: ___________
Location Authorization:
Print Name: ____________________________________Signature: ______________________________
Title: _________________________________________ Date: _________________________________
****************************************************************************************
Company: ______________________________________________________________
Address: _______________________________________________________________
Phone: ________________________________ Email: __________________________
Contact / Manager / Owner: _______________________________________________
Gross Profit Commission % or Charity: _______________________________________
If GP Commission, is it paid out in 3, 6 or 12 month increments: ___________________
If GP Commission make checks payable to and send to: _________________________
_______________________________________________________________________
Type of Vending Equipment to be placed: _____________________________________
Machine Number(s): ______________________________________________________
Location will never be charged anything for services through ZYX Vending Services.
ZYX Vending Services will supply and install vending equipment at the above location. Vending operator will stock and clean the equipment a minimum of once every 30 days. Above location may request more frequent stock and cleaning visits if required.
The vending equipment shall remain the property of ZYX Vending Services.
ZYX Vending Services assumes all responsibility for theft, vandalism, and equipment maintenance.
Contact, Manager, or Owner of the above location agree to immediately notify ZYX Vending Services in the event of the location going out of business or, a transfer of ownership.
This agreement is not binding on either party. The vending equipment may be removed by either party, for any reason, with a minimum notice of three business days.
Upon termination of the agreement, by either party, the location is to receive the appropriate amount of the agreed upon compensation (If not a charity location). If this location is commissionable, a final commission check will be mailed to the location within 30 days.
Other Info: _________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
ZYX Vending Services: ________________________ Title: __________________Date: ___________
Location Authorization:
Print Name: ____________________________________Signature: ______________________________
Title: _________________________________________ Date: _________________________________
#4
MsDani
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Posted 22 September 2009 - 09:15 PM
I totally agree. Thanks.
A contract is a good idea, even if it is basic. it does not have to be binding it can just be a list of services you will provide, and general info. that way the business owner can see things in "black and white". your less likly to run into problems. here is an example.
****************************************************************************************
Company: ______________________________________________________________
Address: _______________________________________________________________
Phone: ________________________________ Email: __________________________
Contact / Manager / Owner: _______________________________________________
Gross Profit Commission % or Charity: _______________________________________
If GP Commission, is it paid out in 3, 6 or 12 month increments: ___________________
If GP Commission make checks payable to and send to: _________________________
_______________________________________________________________________
Type of Vending Equipment to be placed: _____________________________________
Machine Number(s): ______________________________________________________
Location will never be charged anything for services through ZYX Vending Services.
ZYX Vending Services will supply and install vending equipment at the above location. Vending operator will stock and clean the equipment a minimum of once every 30 days. Above location may request more frequent stock and cleaning visits if required.
The vending equipment shall remain the property of ZYX Vending Services.
ZYX Vending Services assumes all responsibility for theft, vandalism, and equipment maintenance.
Contact, Manager, or Owner of the above location agree to immediately notify ZYX Vending Services in the event of the location going out of business or, a transfer of ownership.
This agreement is not binding on either party. The vending equipment may be removed by either party, for any reason, with a minimum notice of three business days.
Upon termination of the agreement, by either party, the location is to receive the appropriate amount of the agreed upon compensation (If not a charity location). If this location is commissionable, a final commission check will be mailed to the location within 30 days.
Other Info: _________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
ZYX Vending Services: ________________________ Title: __________________Date: ___________
Location Authorization:
Print Name: ____________________________________Signature: ______________________________
Title: _________________________________________ Date: _________________________________
#5
MsDani
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Posted 22 September 2009 - 09:16 PM
Interesting...how does it work w/a charity?
"...ending up in small claims court"? Vending is an all cash business. The owner of the location would have an extremely difficult time proving what you did or didn't owe him/her. If you properly explain to the owner/decision maker that you'll be averaging revenue anywhere between $5-150 a month (more like $5-15), then I would assume they wouldn't put up too much of a fuss about getting, for example, 15% of $15. This is why many locations will agree to have you donate their part to a charity. To specifically answer your question, I wouldn't mess with contracts if it is possible. There a way too many other locations you could put your machine that wouldn't require one. Also, what can be said about a person who is worried about a couple dollars a month? If you decide to do a contract, I'd base it on a percentage of what you profit, not a flat-rate. Otherwise you could be creating an "alligator" that eats into your earning potential. Always be reserved or modest in your predictions of income. I hope this helps.
#6
Sensible Snacks
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Posted 28 December 2009 - 12:03 PM
You can end up in small claims court tring to get your machine back and proving ownership!
#7
markvend
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Posted 31 January 2010 - 05:07 PM
For charities, I have a verification letter from the charity stating that my company pays the charity a portion of the sales from the machine. I do not do both commission to business owners and donations to the charity. I also don't try to act like I am from the charity. I simply state my company operates the machines for the charity and present the letter to them to have for their files. This works well for me.
Mark
Mark
