Sold
Vending Machine Services SC2024
Business was acquired in 2005 from a retired professor at 17 locations, and the business has grown to over 50 locations currently. Without marketing efforts, the business has been able to add new locations and keep customers with little to no turnover thus far. They have been changing offerings in vending machines to meet customer's changing demands and have been successful at growing per location sales year over year.
Listed By: Brett Sargent
Background information
Reference:
SC2024
Year established:
1995
Reason selling:
Retirement due to physical limitations of ownership.
Operations
Employees:
2
Equipment:
Included in asking price $10,000
Inventory:
Included in asking price
Premises
Location:
Sacramento, CA
Opportunities
Growth:
There is ample growth available through marketing efforts as well as growing revenue per machine by raising prices, which have not been raised in some years. There is also growth with potentially upgrading machines to credit card readers if the machines are located in high foot traffic areas. There is also cost savings on route logistics and vehicles used.
Price and terms
Price:
$65,000