VENDING MORRIS COUNTY. VEND101

Price: $59,900

Location: Morris County, New Jersey

Industry: Retail

Listing ID: vend101

Vending company servicing eight separate commercial locations in Morris County, northern New Jersey, at various buildings and businesses. The company has nine (9) modern well maintained newer vending machines. The company has a dependable gross income and a consistent net income to the owner which can be further developed with a basic marketing system. The operation presently represents a two-day work week which will result in a consistent net income. This vending company pays minimal rent fees to their locations. They maintain and service with customized options, and keep the machines fully stocked at each location based on a specific schedule. The company’s focus is on service, and they are committed to providing all customers with top-quality, timely service. The business operates year-round throughout Northern New Jersey,

Listing Details

Revenue: $42,000

Cash Flow: $22,000

FFE: $27,000 (Included in Price)

Inventory: $500 (Included in Price)

Reason For Sale:

The owner has alternative responsibilities and is preparing to retire from the industry.

Training & Support:

The owner will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator.

Operation

Year Established: 2020

Days & Hours of Operation: Two day operation

Summary

Owner Qualifications:

For qualifications purposes, this industry does not require government licensing approval to purchase or operate.

Competition:

Vending companies routinely represents home base business operations with a small work area for equipment storage maintenance. The company is in Northern New Jersey, Morris County, however, can be relocated anywhere for convenience.

Potential Growth:

The business presently has no marketing plan, web site, or social media, and if improved can further develop the business yearly gross sales.

Ron Cervelli

contactus@regalconsultants.com

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