Monday, April 8, 2013

purchasing small bulk vending routes to expand my vending biz

Well I just bought another route last week added 11 stops to my route got a pretty good deal for 12 locations and also 5 extra machines parts and a nice electric coin counter. I gave the guy a low ball offer he countered and met in the middle way lower then he wanted for the route. I told him you only have documentation for a pull every 2-4 months and if you put that average out you not making much. Unless you have deposit records This is the amount I will pay see you later. Must of needed cash bad because he called me back and took the deal. Grabbed the cash and made the deal. It pays to keep a cash reserve set aside. Now that I have gotten the route to cash flow I plan to split up the profits from it a little better. Keep .50% in the bank for candy gas and I 25% for locating and 25% for building up a cash reserve of about 3 months income. That will be for more route expansion or equipment purchases. I am in good shape for equipment other then some 2” machines and a few sticker tattoo machines. It is all about a plan for growth and I want to keep growing larger and larger until I hit my goal on stops and then it is start working the dead weight out and move up on quality of stops.

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