Price: $35,000
Location: Essex County, New Jersey
Industry: Retail
Listing ID: vend102
Profitable vending company consisting of fifteen (15) vending machines and servicing various locations in Northern New Jersey, which includes commercial businesses. All of the machines are full sized machines with electrical components and are in excellent working condition. The business locations consist of numerous post offices and other high traffic commercial locations. The company has a gross income of approximately $18,000 yearly and a consistent net yearly income which can be further developed with additional machines. This vending company does NOT pay any rent fees at any of their locations. This is a dependable safe business opportunity. The present owner is absentee, not involved with the day-to-day operation and has priced the business based on the equipment value.
Listing Details
Revenue: $18,000
Cash Flow: $10,000
FFE: $25,000 (Included in Price)
Inventory: $500 (Included in Price)
Reason For Sale:
The sale is due to the owner’s absenteeism, out of the area and in an alternative industry.
Training & Support:
The owner will remain post-closing and is prepared to supply an appropriate transitional period to the purchaser.
Location
Security on Lease: One month
Lease Option: Yes, Available
Type of Location: Active commercial Mall
Square Footage: 500
Relocatable?: Yes
Facilities Information:
Vending companies routinely represents a home-based business operation with a small work area for equipment storage or maintenance. The machines are located in Northern New Jersey, Bergen, and Essex Counties.
Summary
Owner Qualifications:
For qualifications purposes, this industry does not require government licensing approval to purchase or operate. However, approval by the customer base is required.
Competition:
Due to their good service and relationship with their customers no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.
Potential Growth:
The business can be improved by investing in additional equipment and new locations
Financing/Terms:
By owner to be negotiated