Burbank Area Vending Route - Semi Absentee
www.GlobalBX.com
Listing ID:
700328960
Listing Title:
Burbank Area Vending Route - Semi Absentee
Quick Link:
http://www.globalbx.com/listing.asp?bId=328960
Industry:
Food and Beverage
Industry Segment:
Vending Machines
Country:
United States
State / Province:
California
Area
Southern California - Los Angeles Area
City:
Burbank
Asking Price Range:
< $250K
Gross Revenues:
$72,000
Cash Flow:
$30,000
Cash Flow Type:
Sellers Discretionary Cash
Year Established:
2015
Number of Employees:
1 - 3
Business Description:
This Burbank area vending route is comprised of 10 fully automated vending machines that accept currency, credit cards as well as Apple and Google Pay. Each combination food and beverage unite is connected to the internet and may be monitored remotely, while customer service, refunds and even trouble shooting can also be administered from offsite. The indoor machines are located in break rooms, so they enjoy a captive audience. The unit inventories are replenished weekly. The average product mark-up is 100% though some have a 400% markup. With a 50% overall cost of goods, the unit's products represent the company's largest cost while 6% merchant fees represent the second largest expense. At least $0.50 profit is made on each item purchased.
Asking price: $99,000
Each of the vending units was purchased new in 2015 for $7,500. Two have an attachment that allows them to sell lunchables. The 14 inch attachments cost $1,250 each, for a total new equipment value of $77,500. They are estimated to be worth $30,000 in their current condition. Except in two instances, each location has only 1 vending machine. The machines come with a lifetime warranty that covers 50% of parts. They are reported to be easy to repair as the primary components include the motherboard and refrigeration unit. The touchscreen screens assist in with troubleshooting, but also facilitate customer service through emails, refunds and credits issuance or email correspondence. No locations have contracts.
Due to the nature of the locations, limited direct competition exits. In only 1 instance does a competing vending firm have machines in the same room.
New operators can add the 14 inch attachments which allow them to sell noodles, soups and other lunchables to the 8 units without them. The attachments do well in the machines that have them; particularly in the colder months as noodle are purchased for $0.25 and sell for $1.00.
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