Michigan Based Wholesale Vending Equipment Distributor
Oakland County, MI
| Asking Price: | $1,750,000 |
| Gross Revenue: | $2,555,000 |
| FF&E: | $195,000 |
| Cash Flow: | $475,000 |
| Inventory: | $240,000 |
| Established Year: | 1991 |
Listing ID: 2208292Listing provided by BizBuySell
BUSINESS DESCRIPTION
Wholesale vending equipment distributor established over 3 decades ago represents 7 major equipment manufacturers selling equipment throughout the United States. The activity consists of selling automated merchandisers to vending operators and end users with an emphasis in the niche market of customed equipment for unique specialty type products.
Future growth will likely be centered in expanding existing operations in all segments of traditional vending with an emphasis on specialty vending and artificial intelligence. The base operations can easily leverage its position into being a local leader in full-service vending. The increasing developments in AI equipment will fuel significant growth in a much-expanded industry for the future.
DETAILED INFORMATION
Location
Oakland County, MI
Inventory
Not Included in asking price
Employees
8
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Currently operates from a leased commercial facility in a small modern industrial park in Southeast Michigan. The unit is 8800 sq ft. with showroom, offices, and warehouse (3200 office/showroom & 5600 warehouse). The lease was renewed in August of 2023 for 3 years and is transferrable to a new buyer who meets landlord requirements.
The business is offered with all the operating assets significant to the continuing operation of the wholesale vending equipment distribution and service enterprise to be transferred free and clear at Closing.
Support & Training
Owner / Seller willing to provide short term transitional support after the sale.
Reason for Selling
The owner wishes to sell the business in preparation for a retirement lifestyle.
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