subject: Is it Wise to Buy Existing Vending Machine Business Routes? [print this page] Is it Wise to Buy Existing Vending Machine Business Routes?
Before deciding on purchasing an existing vending route for your vending machine business, you need to be very wise. The seller will tell you everything on how great the existing vending route is. The seller will give you the all the paper works that shows that the business is doing really well in the routes they're selling. But never ever let yourself get deceived by these things, most especially if they can't show you their income tax return which is the only proof that what they're saying is true. Remember, an existing vending business route is much more expensive than looking for your own location, so you should be careful and wise. Besides, you also want to get the most out of the money you're paying, right?
The only way to determine the value of the route is to put a price on the vending machines that are being sold. It is true that a location has a value, but you should also take into consideration that you are buying a business without knowing its real value unless you've tried it. You wouldn't know how much the machines are really making in the said location. You will never know anything about the existing business routes that are being sold except how many machines they are selling and this should be verified first. Just to make sure about the vending routes being sold, you can ask to go on with the seller when he service the machines, in this way you can check the status of the current machines being sold and you can observe the volume of traffic in the location as well. Even if you're not putting a price on the location, your observation will be a good help for you to understand how the people patronize the current location.
Another thing that you should consider is what are the quality of the machines are there in the existing route. When starting a vending route, everybody wants to save few hundred dollars by buying previously owned machines which is very practical. That is why you should check the quality of the machines first, you can also ask someone to check if the machines are still in good working condition and if the machines would last a couple more years. You wouldn't want to buy a machine that would easily break down and you already have to buy some of its parts before you're investments are returned, right? One thing to keep in mind when buying multiple machines is the volume of the keys you'll be handling when servicing your machines. You should be really organized if you want to be efficient in serving.
There are lots of great opportunities in vending business routes. There are many sources available in finding both used machines and vending routes, the internet is one of big place to look. However, there are also scammers who are willing to make great deals just so they could rip out something from you, so please be really careful. But if you buy wisely and be really smart in choosing the right machine and the right routes, you can really succeed in this business.
