Listing ID: 67488
RVA Business is proud to present this reputable Vending Machine Operation offering a delightful mix of healthy and traditional options like chips and soda.
Vending Machine Operators are an $8.6 billion industry. Growing segments include non-candy Food and Snacks and Healthy Options. Before you is an incredible opportunity to step into an established vending business with 19 machines serving Metro-Richmond, Va.
The Business outperforms its competitors with their high touch customer service, product variety, and quality, colorful machines. The Seller maintains the machines to ensure employees and guests feel welcomed into their break rooms.
The Seller acquired the business in 2020 prior to the pandemic shutdowns. The Seller used the COVID-19 down time to establish new relationships with medical testing facility, law enforcement training center, and a large community center.
This is an opportunity for growth. The Seller must change careers because of family obligations and has not been able to devote the time they wanted to grow the business.
Key Investment Considerations:
Possible Owner Financing
98% Cash Flow
Known as Mr. Snack
Appealing colorful machines
Exceptional, high-quality products
High-touch, exceptional customer service
Outstanding reputation with clients
2-Week service cycle – Many are restocked several times a week
Superb locations in large facilities and businesses
Active on Facebook
$48,800 in Assets – 19 machines
$2,500 in Inventory
$1700 new website
Location services partnership
- Asking Price: $90,000
- Cash Flow: $18,000
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: $50,000
- Inventory: $2,500
- Inventory Included: Yes
- Established: 2018
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:1
- Furniture, Fixtures and Equipment:N/A
500 Square Feet for Inventory Holding
Owner will train as needed
Great Area to Grow Business
The venture was founded in 2018, making the business 4 years old.
The transaction will include inventory valued at $2,500, which is included in the requested price.
Why is the Current Owner Selling The Business?
There are all kinds of reasons people choose to sell operating businesses. However, the real factor vs the one they say to you might be 2 absolutely different things. For instance, they might state "I have a lot of various responsibilities" or "I am retiring". For many sellers, these reasons are valid. However, for some, these may simply be justifications to attempt to hide the reality of altering demographics, increased competitors, recent decrease in earnings, or a variety of various other reasons. This is why it is very essential that you not rely totally on a vendor's word, yet instead, use the seller's solution combined with your general due diligence. This will paint an extra practical image of the business's present scenario.
Existing Debts and Future Obligations
If the existing entity is in debt, which lots of businesses are, then you will need to consider this when valuating/preparing your offer. Many businesses finance loans with the purpose of covering things like supplies, payroll, accounts payable, etc. Bear in mind that occasionally this can mean that profit margins are too small. Lots of companies fall into a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may likewise be future commitments to think about. There might be an outstanding lease on equipment or the structure where the business resides. The business may have existing agreements with vendors that need to be fulfilled or may lead to charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the area draw in brand-new customers? Most times, operating businesses have repeat customers, which create the core of their everyday profits. Particular factors such as brand-new competition sprouting up around the location, roadway building and construction, and employee turn over can influence repeat consumers and adversely affect future incomes. One essential point to think about is the area of the business. Is it in a very trafficked shopping center, or is it hidden from the highway? Undoubtedly, the more individuals that see the business regularly, the better the opportunity to develop a returning client base. A last thought is the basic location demographics. Is the business located in a densely populated city, or is it located on the outside border of town? Just how might the local mean home earnings impact future earnings potential?