LISTING ID # 36099
An Entrepreneur’s Dream Business, Substantial Seller Financing, Turn-Key Operation, $1.5 million in Machines and Equipment, Service to 400 Accounts, Increasing Profits, Seller Willing to Stay, etc. Headquartered in Middlesex County, New Jersey and serving parts of New York and New Jersey, this vending machine company is adding cashless payment capability and raising prices to the market at each of its stops.
Expect a 25% increase in Sales and Profits by the end of Summer.
Growth has historically come from the absorption of smaller vendors and more of that is out there.
There are small vendors serving hotels, churches, auto dealerships, libraries, nursing homes, motels and the like and others serving retail accounts such as liquor stores, convenience stores and gas stations.
Currently, the company specializes in large accounts such as hospitals, schools, office buildings and warehouses but routes can be made more efficient by strategically adding accounts to fill in existing routes.
The business itself is 10 years old but the owner has been working in the field for 20 years and is looking to take it easier.
He will stay on through extended training and indefinitely thereafter to increase sales as desired.
