Profitable High Tech Vending Company For Sale

Franchise terms

License term is 10 years with an available 10 year renewal. Royalty fee 10% of monthly gross revenues. Management/monitoring fee is $3.75 per machine/week. Client site commissions remitted directly to client by franchisor and invoiced to franchisee monthly.

Business description

This business is a franchise with a unique business model based on quality vending machines that have been equipped with service-driven proprietary technology that is easily operated from your computer. This technology allows you to track sales and profits of individual machines as well as each product in those machines. It automates the management of your machine 'fills', eliminating unnecessary machine visits by ensuring you have the right products and quantities for restocking. This route has a proven track record with a stable customer base. The growth opportunity is substantial since the owner has been working another job and has not prospected in his route territory. The owner's assets are only two years old; the vehicle only has 11,000 miles and has an extended warranty. All equipment needed to operate the route is included in the sale except a computer. The franchisor has a sales team that will add accounts to your route and there are incentives for the route owner to find new accounts as well. The owner used the franchisor's storage area option for $450/month. This could be reduced or saved if a new owner had optional storage for inventory or wanted to rent storage elsewhere. Convenience retailing via vending is one of the world's fastest growing retail businesses. Vending is typically very capital intensive but this business offers the opportunity to be part of this dynamic industry at a fraction of the cost. The current owner has an SBA loan so financing should be available for a qualified buyer.

Property information

Lease terms:

Storage area optional at $450/month.

Other information

Expansion potential:

The owner has not prospected in his route territory due to time constraints with his second job. The franchisor has a sales force aggressively seeking additional accounts and there are incentives for the owner to grow his business.

Competition / Market:

The software is proprietary and patented. No other vending company has this and it is a huge competitive advantage that creates excellent customer service and hence customer retention.

Support & training:

Owner will train for 30 days and franchisor offers additional training at a nominal fee.

Reasons for selling:

Owner has a second job and he can no longer do both.

Trading hours:

Owner's option

Financing available:

The owner has an SBA loan so financing should be available to a qualified buyer.

Furniture / Fixtures value:

$27,660

Inventory / Stock value:

$10,000

Contact the seller