Buying an established vending machine route can be a fabulous way to get profitable quickly in vending. But there can be some major pitfalls if you aren't careful.
If you find established money making route being sold by an honest vendor who is looking to cash out, and you can buy it at less than one year’s net income, and the seller will hold some financing, Bingo! However, if you are buying an established route from someone with bad locations (or about to lose some) who paid too much for his machines and is barely breaking even, you are just buying their problem.
It is important to understand all the aspects of the vending business before you make an offer. Commission, maintenance, repairs, taxes, transportation, moving machines, upgrading machines and loss of locations from business closures, competition and moving must all be taken into account.
Buying a vending machine route at a great price is a terrific way to get right into the heart of the vending industry. You need to find out the real reason the vendor is selling.
I have written a FREE report entitled "Vending's Dirty Little Secret". To get your copy of this insider information that the majority of vending machines salespeople don't want you to know click here to get the FREE report!
If you would like to read more about how Patti and I started off completely the wrong way and still built a profitable vending company click here
- Rob Farnham (author of "Small Change, Vending Insider Secrets Revealed")
An actual owner/operator of a full line, full time vending business for many years!
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Readers Comments
Thanks, Rob.
Although I can't claim to not ever
have been conned I usually have a pretty good, though not perfect, "con
filter." Your promotional material and website seemed sincere and
believable.
I very much enjoyed the read...it was quite practical and told me a lot of things I
haven't thought of and confirmed you few that I have.
Best Regards,
Al S
..(email on file)
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Read More Readers Comments
Why do most people actually lose money in the vending business?
Why is it so hard to find legitimate information
about the vending industry?
Do you know what 3 Questions to ask a opportunity salesperson to find out whether they are trying to scam you?
Would you like to know how to start a vending business with very little or no money?
To receive your FREE REPORT Vending's Dirty Little Secret click here..
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Today's Vending Business Tip
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Two Birds With One Stone!
Try to find people who can approve multiple locations when trying to place machines. Property management companies might respresent many apartment complexes. Some business owners have multiple locations. With one "yes" you can secure multiple profit centers.
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