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Business for Sale Summary

Vending Machine Business for Sale in New Jersey - 36099

Business Type: misc. service/non-classifiable,other personal services,routes,seller financing available,vending machines
Vending Machine Business for Sale in New Jersey
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Financial Information (non-confidential)

General Information
Asking Price $1,500,000 Down Payment $750,000
Gross Revenues $2,000,000 Lease Remaining Register Free to View
Owner’s Cash Flow $350,000 Number of FT Employees Register Free to View

Financing

$750,000 Down and balance of $750k for 60 months @ 11%

Business Description

An Entrepreneur’s Dream Business, Comes with Substantial Seller financing and a Turn-Key Operation. A regional vending machine business serving parts of New York and New Jersey and headquartered in Middlesex County, New Jersey is available. With nearly 400 active accounts and 650 soda, candy and snack machines in service, this very profitable, seasoned business is here now and is about to explode. Significant growth is in the offing from the existing accounts by adding credit card readers (lacking in many of the vending machines) which has been shown to increase usage by nearly 1/3, and through price increases of about 25% that are now underway. Reduced usage from the price increases is not expected. These changes will take about six months to implement and will add more than $600,000 to gross revenues and about $150,000 to net profit. And, of course, growth will come from adding accounts. Because of the reputation of the ownership and company, this business has grown by absorbing smaller vendors and more of that is out there. There are small vendors serving hotels, churches, auto dealerships, libraries, nursing homes, motels and the like and others serving retail accounts such as liquor stores, convenience stores and gas stations. Currently, the company specializes in large accounts such as hospitals, schools, office buildings and warehouses but routes can be made more efficient by strategically adding accounts to fill in existing routes. The business itself is 10 years old but ownership has been working in the field for 20-years and is looking to take it easier. He will stay on through extended training and indefinitely thereafter if desired to increase sales. For more information, contact Gerald Nimberg, Senior Business Brokers, Vested Business Brokers at 646-269-4616.

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Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.

Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.