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Large Commercial Vending Company for Sale for sale in New York Metro Area, New York
Large Commercial Vending Company for Sale
New York Metro Area |
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This is a fantastic business that keeps on growing. 2004 sales were around $3,500,000 with 2005 projected sales to exceed $4,000,000. The vending company provides vending machine services and office refreshments. The company currently services corporations, hospitals, and government facilities. Its distribution center covers the New York metro area including Northeastern New Jersey. The vending machines are filled by full time employees, route supervisors manage the routes and train the new employees, and service technicians repair any machine malfunctions. Office hours are 8:15am to 4:00pm Monday ? Friday. Executive/Owner hours can be adjusted to meet the needs of the executive/owner. Company has a great infrastructure. It can be run absentee. |
Listing Number: 181
Morris Cohen - Listing Broker
122 Ogden Avenue, Dobbs Ferry, NY 10522
Telephone - (914) 674-9580
E-mail -
mcohen@capitalbbw.com
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| Category |
RETAILING BUSINESSES |
| Sub-Category |
Vending Machines |
| Asking Price |
$2,500,000 |
| Gross Sales |
$3,500,000 |
| Cash Flow |
$550,000 |
| FFE |
$1,300,000 |
| Inventory |
$200,000 (Inventory NOT Included) |
| Real Estate |
$0 (Real Estate NOT Included) |
| Employees |
24 - Full-Time
0 - Part-Time |
| Facilities |
There is a 12,000 square foot building, 8,000 of which is warehouse space. They own over 700 commercial vending machines, 10 trucks, 1 van and 4 service cars. In addition, they have an exclusive vending software that tracks the entire business operation, currency/coin counting software, 2 large safes, walk-in refrigerator/freezer, computer networks, telephone system, vending machine spare parts, and everything else necessary to run a business of this size. Owner will provide a fair and long lease. |
| Relocatable? |
(Is Not Relocatable) |
| Home Based? |
(Is Not Home Based) |
| Market Notes |
There is competition like in any business, but this company has an outstanding reputation in name and service. The company is growing nicely and should continue to do so. |
| Growth Notes |
Tremendous growth is still possible. A commercial vending customer is any facility where the population exceeds 100 people or an office where 20 or more employees work. Many of the areas he services are seeing tremendous growth. Companies are moving north and much commercial building is taking place. In addition, additional advertising with a website or implementation of sales personnel can dramatically increase sales. The owner is willing to show you how. |
| Support Training |
Owner will supply ample training. The owner would also be willing to stay on with a 1 year employment contract. |
| Year Established |
1975 |
| Financing Terms |
Owner might hold some paper. Broker will obtain some SBA financing. |
| Reason for Selling |
Retiring. Seller has been running business for 28 years. |
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