How does a vending company as a business-for-sale secure the validation of its business.
Eample: Jordan had moved to the community after college and a brief stint working abroad. He recognized the economy was not going to help him find a job. He also knew that having sufficient money to pursue various dreams would not grow on trees. So, he elected to build a business for sale, anticipating a profit in the sale.
He did many things right. He picked a business that he knew he could operate and one that had, if done correctly, an immediate return–vending. In two short months he bought the equipment, multiple units of a simple machine type and deployed 2/3 into a small geographic location. He learned quickly what types of locations to avoid and moved some equipment, needing to replace several units. He learned how to adjust the equipment to ensure proper volume in the vending process to give sufficient income to him and volume to the customer. He also learned purchasers preferences and adapted the inventory accordingly.
At this point he is only 2 ½ months into his venture. He has monitored the receipts for cost of goods and the income. Now he wants to sell.
A vending company is no different than any other business for sale. It is better if
1) There is tax verification of the claimed sales volume and expenses = net income
2) Longevity of operation
3) Agreements for deployment of the equipment that can pass to an new owner
At this point, 2 ½ months into the business, Jordan really needs to continue the deployment of the remaining units and make certain that he keeps records, files taxes, and has as much time as possible operating the business before sale.
A seller has a better chance of maximizing profit on the sale of a business, the longer the business is operated successfully.
This business-for-sale tip applies to all businesses, not just vending businesses.
