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CH053-£350,000-Drinks and Snack Vending Machine Service
Asking Price:
GBP 350000
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Business Location:
United Kingdom » Others » North East
Category:
Food
»
Food & Drink Distributors
Description:
Drinks and Snack Vending Machine Service Company
Confidentially offered for sale
Ref No: CH053
Location: North East
Asking price: £350,000
This is an excellent opportunity to aquire a company where the income starts as soon as a purchase is completed. The business wholly owns over 100 vending machines, which dispense, coffee, tea, soft drinks and snacks. A high percentage of the machines are on long term contracts, placed in working enviroments, where the only source of beverage and snacks available is from the dispensing machine. These machines are highly profitable with a huge stock turn of product.
This market continues to grow at an annual rate of 10% per year, and the forecast is for this to continue in the future. The vending market is recession proof, with continual daily use of the machines.
The majority of the machines take cash for the purchases, although one of the major blue chip contracts pays monthly for the provisions that the machine has dispensed. This is an easy and profitable agreement to administer, and serves as an excellent cash flow for the company.
Financial Information:
Annual gross sales: (GBP)
N/A
Yearly Revenue: (GBP)
Total yearly sales revenue
N/A
Net Profit: (GBP)
Total profit before taxes
N/A
General Information:
Business Area:
Year Established:
2000
Is Relocatable?:
Yes
Business closed or an asset sale
:
No
Is Home based business?:
No
Real estate status
:
Yes
Reasons for selling:
The current owners would like to pursue a new opportunity and feel the time is right for them to sell the business.
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