53 King Street, Saint John, New Brunswick E2L 1G5

A great opportunity to acquire a 25+ year old Vending Machine business in southern New Brunswick. This business is ideal for an existing business owner to expand the product offerings and access a larger client base or for a new business owner to take over this successful business. The company operates over 300 vending machine units in over 125 locations. The company has no long-term debt and has grown over 60% since 2014. Vending contracts include hospitals in major cities of New Brunswick (including Moncton, Saint John, Sussex and St. Stephen). Price includes over 300 vending machines (many equipped with bill acceptors and 60 with card swipes), 3 cargo vans, 3 employees (2 have been with the company for over 20 years), coin sorter, coin tuber and a bill counter, several of the 25 cent candy machines, between $40K-50K inventory/stock. The owner is retiring after over 25 years of successful operation. Willing to provide training for up to 2 months. Highly profitable with profit margins ranging over 28%. (id:27476)

A fantastic opportunity presents itself to acquire a well-established Vending Machine business in the southern region of New Brunswick, with over 25 years of operation. This business is perfectly suited for an existing business owner looking to diversify their product offerings and tap into a larger customer base. It also presents an attractive option for a new business owner seeking to take over an already successful venture.

The company currently manages a network of more than 300 vending machine units spread across 125 different locations. Notably, the business is free of any long-term debt and has experienced a remarkable growth of over 60% since 2014. The vending contracts encompass various hospitals in major cities within New Brunswick, including Moncton, Saint John, Sussex, and St. Stephen.

The sale includes a comprehensive package comprising of over 300 vending machines, a significant number of which are equipped with bill acceptors, and 60 machines featuring card swipes. Additionally, the sale encompasses 3 cargo vans, 3 dedicated employees (2 of whom have been with the company for over 20 years), a coin sorter, coin tuber, bill counter, several 25 cent candy machines, and an inventory/stock valued between $40,000 and $50,000. The current owner, who has successfully operated the business for over 25 years, is now looking to retire and is willing to provide up to 2 months of training to the new owner.

The business has proven to be highly profitable, boasting profit margins exceeding 28%. This presents a lucrative opportunity for a prospective buyer to step into a well-established and successful business with significant growth potential.

This property is located at 53 King Street in the city of Saint John, New Brunswick, with the postal code E2L1G5.