Established SFV Vending Route w/38 Active Locations – 120 Total Units!

Los Angeles, CA (Los Angeles County)

Seller Financing Available
Established SFV Vending Route w/38 Active Locations – 120 Total Units!
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Asking Price: $180,000

Cash Flow: $69,000

Gross Revenue: $138,000

EBITDA: $69,000

FF&E: $120,000

Inventory: $6,000*

Established: 1996

*not included in asking price.

Established SFV Vending Route w/38 Active Locations – 120 Total Units!

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Business Description

Attractive Asset Value ...

This well-established vending route has at least 2 machines in 38 active locations (8 more are placed in inactive locations due to COVID). The company has a total of 120 machines, 40 of which are in storage (30 are functional). The routes are largely based in the San Fernando Valley, with these supplemented with a Downtown Los Angeles and Orange County route. As a result, the owner-operator restocks and maintains the unites 3 days per week, 10 hours per day. They do not have or require contracts.

Detailed Information

Location:
Los Angeles, CA
Inventory:
Not included in asking price
Employees:
0
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The 120 (90 working) vending machines will be included in the sale. The are comprised of a variety of brands that include Royal, Vendo, AMF, Rowe, and several more. The most common unit is the Royal 660 Coke machine, followed by the Vendo Pepsi units. 6 of the total units accept credit cards, do electronic inventory and provide activity reports. 50 accept dollar bills, while other have elevators and all have meters. The overall mix includes soda and snacks, with one coffee unit. Some of the units would cost $7k if purchased new, while others may be $2.5k - $3k new. Fortunately for a buyer, the owner is not pricing the business based on equipment value, despite that value amounting to a substantial portion of the purchase price.
Competition:
Due to the nature of the locations limited direct competition exists. There are the only vendors that operate in the locations.
Growth & Expansion:
New operators can find locations for the 30 – 40 dormant units themselves, or engage a locator for placement – as they no longer have a vending unit locator they work with. As management sources product from discount vendors, new management evaluate using specialty wholesalers such as Jetro/Restaurant Depot or a number of wholesale vending product suppliers. Bulk purchases can also further improve margins. They may also consider adding units or optimizing product selections in existing locations. The company does not place units in schools due to past vandalism issues, despite these being lucrative locations. They service school staff in one non-LAUSD district.
Financing:
Not offered but a small secured carry may be considered.
Support & Training:
Seller will train for 2 weeks at 30 hour per week or as negotiated.
Reason for Selling:
Personal
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Michael Wildeveld, CBB, CBI, CM&AP, M&AMI, CEPA

Business Listed By:
Ryan Clark

The Veld Group

Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Indicates membership in the M&A Source. The M&A Source is comprised of highly trained Intermediaries who advise on the preparation, sale and/or purchase of middle market (~$2M+ in revenue) business opportunities. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers. Merger and Acquisition Master Intermediary (M&AMI) is a professional certification awarded to Intermediaries who've achieve very stringent educational and professional requirements. M&AMI's agree to abide by an ethical code of conduct when working with business owners and buyers. Indicates membership in The California Association of Business Brokers (CABB). The CABB Certified Business Broker (CBB) certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the CABB.

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