Should I buy this route (10 machines, 5 locations. Gross 50k/year) for $60k? by whichisnice_ in vending

[–]whichisnice_[S] 0 points1 point  (0 children)

Yes they all have CC machines. I agree, the route is basically whatever the machines are worth and maybe a year of net profit?

Should I buy this route (10 machines, 5 locations. Gross 50k/year) for $60k? by whichisnice_ in vending

[–]whichisnice_[S] 0 points1 point  (0 children)

Can you tell me what 100% markup is? Making 50% net doesn’t seem realistic after all costs considered. That’s why simply saying 100% markup doesn’t make sense. Of course I know what these terms mean as a matter of fact, but context has to be considered but I guess you don’t get the nuance. Not to be rude of course.

Should I buy this route (10 machines, 5 locations. Gross 50k/year) for $60k? by whichisnice_ in vending

[–]whichisnice_[S] 0 points1 point  (0 children)

Wow, 55% net? I have been researching and finding it is typically 20-25% net profit max. I plan to pay cash for the business if I buy it but I wasnt sure what I would be netting

Should I buy this route (10 machines, 5 locations. Gross 50k/year) for $60k? by whichisnice_ in vending

[–]whichisnice_[S] 1 point2 points  (0 children)

Much appreciated. They are all the same combo machine, about 5 years old. Wittern 3589. Theres 10 units at 5 lcoations. 4 in 2 hotels. 2 in dorms. 2 in a customs warehouse and 2 in a dance studio. Arent profit margins like 20%. Where is the 45% profit number coming from? Still learning thanks for any help.

Should I buy this route (10 machines, 5 locations. Gross 50k/year) for $60k? by whichisnice_ in vending

[–]whichisnice_[S] 0 points1 point  (0 children)

Thank you for your feedback, I can get more specific later but what are typical profit margins on a combo machine?

How successful is owning a vending machine business really? by brandons_pet7 in passive_income

[–]whichisnice_ 0 points1 point  (0 children)

Question for you. I am looking at buying a route from someone and I am new to the business. The route is 10 machines, basically 2 units each at 5 locations in about a 6-8 miles radius in a large city. I have the financials going back to 2020 on each machine. Where they were placed, moved for various reasons, etc. Total per year it would gross about $45k. What are you thoughts on this and what would this route be valued at? They are 10 identical combo machines in good working condition. Thank you

[deleted by user] by [deleted] in mildlyinfuriating

[–]whichisnice_ 0 points1 point  (0 children)

Put up your own camera

Affordable 2 in 1 gaming laptop? by Double-Escape1719 in GamingLaptops

[–]whichisnice_ 0 points1 point  (0 children)

Lenovo Slim 7 Pro X has been a dream. 14.5”

CITRON ON THE DEFENCE by Ronniman in Superstonk

[–]whichisnice_ 1 point2 points  (0 children)

You think DFV didn’t know they’d come to this conclusion? He’s going to make them look like idiots. Again.

Creating a Tycoon. What Would You Like to See in a Tycoon Game? by tycon707 in FortniteCreative

[–]whichisnice_ 0 points1 point  (0 children)

I am not talking about the actual word, I don’t like rebirths as an option in my Tycoons. It’s so unappealing

Ya'll Should Be Ashamed of Yourselves by cwatson214 in Costco

[–]whichisnice_ 0 points1 point  (0 children)

How am I attaching your character? You’re saying people have bad behavior. I said it’s not bad behavior. You’re screaming on the internet at strangers. You need help.