Excellent opportunity to own this highly successful Vending company with dozens of locations in the Northern New Jersey. The company supplies corporate refreshment services in New Jersey with dozens of vending displays in various commercial and corporate locations. These are prime high volume locations with long standing relationships. From school systems to office building, this thirty-five-year-old company has a consistent and dependable net income to the owner operator. The vending company services a twenty-mile area in Northern New Jersey. The sale includes approximately fifty-five vending machines with an approximate value of $150,000. The company offers a full menu of vending equipment including coffee systems and water delivery products. This company is professional, knowledgeable, with a dependable and professional delivery service. The company provides their clients with the most accurate and efficient means of managing their refreshment operations. They provide their clients with the expertise necessary to manage these services with high quality name-brand items, freshly prepared foods, excellent equipment, and efficient 24 hours, 7 days a week service. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expect to supply a highly dependable investment return to the owner operator prior to debt service. This industry does not require government agency approval to purchase. This retail facility presently consists of a 1,500 square feet storage location. The purchaser / operator must relocate the business to any warehouse space in Northern New Jersey. The business is presently located in Essex County, New Jersey which is conveniently located to their commercial customers and represents tens of thousands of additional potential customers. This particular industry routinely does not have employee and as an owner operator the owner would have a basic five-day work week. The business must be relocated to a basic warehouse space and this type of rental should be approximately $1,200 monthly. The business is located in a basic warehouse facility which consists of 1,500 square feet. The sale includes approximately 55 vending machines, one Cargo van, racks, office equipment, including all the necessary equipment to maintain the day to day business operation and a list of assets will be supplied to purchaser upon request. The business is active five days per week, with hours from 8:00 am to 4:00 pm. The sale does not require any permits or licenses in order to conduct its daily business. The owner will remain post-closing for 30 days and supply a transitional period. The owner is retiring after thirty-five years in this particular food service industry. The business presently has a limited marketing plan, poor web site and if improved can further developed the business bottom line corporate income. Due to the type and style of industry new competitors are not an issue and the owner has agreed to supply a long term non-compete agreement to the purchaser. The 2015 yearly income is $250,000 and yearly net income of $95,000 prior to debt service. The price terms has been valued at $250,000 this sale is based on a multiple of the net yearly income along with the specific value of the assets and seller financing is available to a qualified buyer.
Asking Price $250,000
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