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Burbank Area Vending Route - Semi Absentee
Location: United States -> California -> Southern California - Los Angeles Area -> Burbank
Industry: Food and Beverage > Vending Machines




Business Summary

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.


Financials

Asking Price Range:  < $250K
Gross Revenues:   $72,000
Cash Flow:   $30,000
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $30,000
Seller Financing:  Not Disclosed

About The Business

Year Established:  2015
Number of Employees:  1 - 3
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Owned

About The Sale

Management Training and Support:  2 Weeks at 15 hrs/wk
Reason For Selling:  Personal

Photos

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Burbank Area Vending Route - Semi Absentee Photo 1




Print Listing Id: 700328960
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Related Searches: Catering Services  >  Food Production and Packaging  >  Grocery and Supermarkets  >  Liquor Stores  >  Restaurants and Fast Food (Non-Franchise)  >  Vending Machines  >  Other Food and Beverage  > 

Also See: Franchise Opportunities > Franchise Resales > California Businesses For Sale > California Franchises For Sale > California Business Brokers



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