Anybody ever own a route?
Chips, juice, bread, snacks?
Hours?
Vloume?
Net?
Never seen this one asked in here, but vending machines get asked about every few months and I would bet the answer is the same: there's no money in it.
Originally Posted By felrom:
Never seen this one asked in here, but vending machines get asked about every few months and I would bet the answer is the same: there's no money in it.
Vending maybe, but from my googling research it sounds like these gigsaren't bad.
You're buying a job basically, but most of the stuff I see for sale is about a 40% return for your money if you work it yourself.
My uncle owns a bread route. I couldn't give you specifics, but he does alright for himself. He works VERY long hours though.
Originally Posted By Corporal_Chaos:
My uncle owns a bread route. I couldn't give you specifics, but he does alright for himself. He works VERY long hours though.
Thanks
I know guys who own FedEx routes, since all their ground routes are franchised out. I would think bread/bakery/dairy products would be about the same.
You can make decent money if you do it yourself, but it's usually long, hard hours.
You can make a little side money if you hire someone to drive it, but then you have to manage an employee for what is essentially part-time money.
You can make great money if you own several routes and hire drivers, but then you're basically just running a small business and gain all the headaches that go with it.
I own a swimming pool service route. Buying it was the best thing I ever did.
I have a few friends that own routes in NY. They are:
Coffee truck
Snap On
Boars Head
The guy that owns the Boars Head paid more than $1mil but nets over $300K. The other two do well too. The coffee truck is all cash, so you get the jist.
I think protected routes are pretty decent investment - especially in the north east where they're established and somewhat enforced. Good luck. It's a pretty good way to earn a living while having some equity in something.
Do you have cash to put down, or are they holding all paper?
Originally Posted By Wolfpack:
I own a swimming pool service route. Buying it was the best thing I ever did.
Hehe.
That explains the pic in the moniker.
Originally Posted By TheGunCollector:
I have a few friends that own routes in NY. They are:
Coffee truck
Snap On
Boars Head
The guy that owns the Boars Head paid more than $1mil but nets over $300K. The other two do well too. The coffee truck is all cash, so you get the jist.
I think protected routes are pretty decent investment - especially in the north east where they're established and somewhat enforced. Good luck. It's a pretty good way to earn a living while having some equity in something.
Do you have cash to put down, or are they holding all paper?
Cash.
Thanks for the input. Dayum! On the Boar's head route.
Cookie route, 4 brands, including the most "famous" cookies.
Protected territory, also meant I had to hit major stores just over an hour away, with nothing in between. Mom and pop's / gas stations are good for watching you inventory go out of date. That just creates lots of pickups/ moving inventory.
Big stores control your schedule, and make friends with the inventory person scanning when you arrive. If they don't like you, you will suffer, and there is nothing you can do about it.
Money on my route was next to nothing after expenses were removed. That being said, there are plenty of opportunities that work out well. Don't buy the first one you see. Weigh what comes with it. Truck, trailer, training, hand written tickets, shelf space (3' shelf space at a major store = they don't like you.) Advertising that benefits you, and what do you have to pay for it. I'd look at Boars head, hagen Daz, Community Coffee, or a major chip or bread route. I would specifically avoid something that requires 50 mom and pops.
Originally Posted By dogsplat:
Originally Posted By TheGunCollector:
I have a few friends that own routes in NY. They are:
Coffee truck
Snap On
Boars Head
The guy that owns the Boars Head paid more than $1mil but nets over $300K. The other two do well too. The coffee truck is all cash, so you get the jist.
I think protected routes are pretty decent investment - especially in the north east where they're established and somewhat enforced. Good luck. It's a pretty good way to earn a living while having some equity in something.
Do you have cash to put down, or are they holding all paper?
Cash.
Thanks for the input. Dayum! On the Boar's head route.
No prob. If you are inclined, you can use
BizBuySell to get an idea as to what kinds of multipliers brokers are using to value businesses and routes more specifically. Great website that lists many businesses for sale - their Gross, Net, Asking Price..etc
Originally Posted By dewme5:
Cookie route, 4 brands, including the most "famous" cookies.
Protected territory, also meant I had to hit major stores just over an hour away, with nothing in between. Mom and pop's / gas stations are good for watching you inventory go out of date. That just creates lots of pickups/ moving inventory.
Big stores control your schedule, and make friends with the inventory person scanning when you arrive. If they don't like you, you will suffer, and there is nothing you can do about it.
Money on my route was next to nothing after expenses were removed. That being said, there are plenty of opportunities that work out well. Don't buy the first one you see. Weigh what comes with it. Truck, trailer, training, hand written tickets, shelf space (3' shelf space at a major store = they don't like you.) Advertising that benefits you, and what do you have to pay for it. I'd look at Boars head, hagen Daz, Community Coffee, or a major chip or bread route. I would specifically avoid something that requires 50 mom and pops.
Thanks
