If they tax the money you make, and money you spend to make it can be deducted - If your up in the air between pepsi and coke, use pepsi, - they take back expired product and credit you

Can you deduct expired product as a cost of goods for tax preparation?

I have a Dixie Narco machine with a USA 3 bill acceptor. The acceptor accepts the money but does not show up on the displayas having any money put into it. I checked all the connections and tried to clean them off as well as i could, but other than that i have no idea where to look or how to fix it. Also the machine has a steady heartbeat on the led which means its ready and ok. Any awnsers would be great thank you.

The acceptor is no good

you cant believe the meters, he can show up in the middle of the week and buy 84 sods just to make the meter look good. There really is no proof, unless you can sit and watch people use it all day.[



quote name='Johnny Ringo' date='Apr 24 2009, 04:41 PM' post='5528']
I've been calling some ads and inquiring about purchasing some existing vending routes (snack/soda). Does anyone have some advice for me? I would eventually like to vend full-time. It is my ultimate goal to have my own profitable business for my family. BTW, I am brand new to this. I just started looking at vending a week ago.

Here are the questions I have been asking the sellers:
Why are you selling?
Where are your locations?
What are the gross and net profits?
What brand and models are the machines?
How long have you had the business?
Are the commissions or charity fees?
How is your relationship with the site owners?
How often do you have to service/stock the machines?
Are there any liens against your machines or business?
Could I examine your route?
Do you have financials to back up the income claims?
What types of payments do you take for the route purchase (all cash, finance)?
What types of money do the machines accept? Coins and bills? New $5 bills?
How many employees are at the locations?
Did you create this route or purchase it from someone?
How many of your locations are good and bad?
Will you introduce me to the location owners and train me?
Did you make a profit since you owned the route?

What else should I be finding out or doing?
Also, I've found that when I ask for financials to back up income claims that they all seem to tell me, "It's a cash business..."
Is that pretty normal? One guy did tell me that I could check the computers in the machine one day and come back a week later to see the sales. Aside from that, is it normal for the sellers to have no records to prove the sales?

Thank for all the help!

Johnny Ringo
[/quote]

60 % profit is not right, your down to 60 just after food cost. Then there is gas, waste, time, tax, and when the machines break and arent under warrenty any more? Still not bad though, I usually offer 30% of what a stop can gross in a year when purchasing. If the machines were placed new, than the meters started at zero. Ask to see them-they dont lie.

The inner door should have instructions of how to change price. I will get exact instructions tomorrow, email me so I can relpy with them. I can get flavor strips, .50 ea (plus 1.00 shipping) email ras41183@yahoo.com.