Cash business, low overhead, no accounts receivable, great cash flow.

Asking Price$310,000

Cash Flow
$132,967
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$305,157

Inventory$6,000
Included in asking price
FF&E$225,000
Included in asking price
Real EstateNot Disclosed

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Cash business, low overhead, no accounts receivable, great cash flow.


Asking Price$310,000

Cash Flow
$132,967
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$305,157

Inventory$6,000
Included in asking price
FF&E$225,000
Included in asking price
Real EstateNot Disclosed

Business Description
Star Vending places and services vending machines in New Jersey. Our offerings include snack, beverage, frozen food, and coffee machines. We are a full service vending company. We have a diverse client base of 27 which includes schools, manufacturing facilities, apartment complexes, offices, warehouses, medical facilities, etc. With 39 locations, Star Vending has a great reputation in the vending community. We are known for our attention to freshness of our products and the maintenance of our equipment. The product is fresh and the machines work. Star Vending partners with technicians and equipment retailers for component and maintenance needs.
Star Vending deploys the latest technology in the business. Our equipment accepts credit cards, mobile pay, and multiple denomination currency. We can access telemetry in real time to deploy resources as needed in the field. We can arrange our route schedule for the most efficient delivery day. The average production per location, per visit is $343.65 with only an average of 17.5 stops per week. Our machines have the newest technology with guaranteed delivery systems. We only deploy the highest quality brands of vending machines: Automatic Products, Dixie Narco, Bev-Max, Royal, Vendo, Crane National, USI, Food Court Express, etc.
Our beverage and snack machines are not branded, therefore, you can sell any brand you desire (i.e. Coke, Pepsi), and they can accommodate multiple size packages and prices.
All of the additional equipment for counting money (coin counter, bill counter) are included. Freezers, pallet jack, product bins, etc. are also included. All of our equipment has been well maintained. The Ford Transit 250 truck that is included has been very well maintained with service records included, mostly from the dealership it was purchased from.
The prices we charge for the merchandise that is in the machines are contemporary (we have kept up with inflation) but not over-priced. There is room for increase if that is how you wish to employ that pricing strategy going forward. You make the decision. No one but you controls the products you sell or the prices you charge. Star Vending purchases product from multiple sources to get the best wholesale prices. We have agreements with Vistar, Sultana, and others to purchase product at low cost.
It has been a joy to found and build Star Vending over the years. The suppliers, vendors and customers have been wonderful to do business with. It is time for me to move on but I will miss it all.
About the Business
Years in Operation
40
Employees
2 (2 Part-time)
Currently Home Based
Yes
Facilities & Assets
105 vending machines
2015 Ford Transit
All related equipment
Website
https://starvendingnj.com/
Market Outlook / Competition
Unlimited growth potential in the most densely populated part of New Jersey.
Opportunities for Growth
The right person can take this business to the next level. It is set up to do just that.
About the Sale
Seller Motivation
I have spent the last 40 years of my life founding and growing this business.I a
Transition Support
One month in the field. One year consulting, business Hours.
Financing Options
No Financing
Listing Info
ID
2439530
Listing Views
13

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Business Listed by: Tim Vorwick

Listing ID: 2439530 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.


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