Absentee Business – Vending Route in Houston, TX
Asking Price: $85,000 Net Income: $15,000
Great absentee business opportunity for anyone interested in an absentee owner vending route. The business itself has around 90 machines at 60 locations in the Houston area. The owner does not live in the area but has a long standing partnership with a local vending service to run the route. They purchase the product, stock the machines, clean them, perform any maintenance and collect the sales revenue. This arrangement has been setup for several years and there have been no issues with the route whatsoever.
The owner and vending service found that there was a 22% profit margin after all expenses. The two parties split that at 11% each. The full route averages approximately $11,500 per month in sales. As noted, the owner makes 11% commission on all sales. This creates a monthly income of around $1,275 per month or $15,275 per year. The owner does not have to be onsite and simply receives a direct deposit every month. All sales records are on file and shared by the third party vending service. 3+ years worth of sales reports are available
If motivated a new owner could take over the actual route operation. This would more than double the net income instantly. A new owner could also add additional services at some of the locations such as snack or hot drink machines.
This is a very turnkey situation. Anyone interested, and qualified, with have the opportunity to speak with the route owner as well as the vending service that is operating the route. Once the direct deposit information is switched over you would start receiving monthly payments. Absentee owner opportunities are very difficult to find and this is truly absentee. If you have any questions please feel free to contact us. We also have third party funding opportunities if you are interested.