need help/ buying and owning own bread route (finance, companies, tax)

[City Guy997S]

Originally Posted by DarthVadar

Where I reside someone is selling an Arnold/Thomas route for 225k. She says it nets 1700 a week. Truck included.

Is it worth 225k?

225k is high unless it is a 75k truck!

$1700 a week net isn't that great if you have to account for a 200k loan payment!

[MrRational]

Is this discussion still going on? At best... you're buying yourself a job.

[qlty]

Store managers and grocery personnel in chains can be a problem as well as the back room personnel that check you in as a vendor in.They are always looking for free merchandise and an Xmas gift if you don't suck up to them you don't get extra display space when you have items on special,I had a snack route and had to buy my own racks,and floor stands they get dirty and have to be replaced at your expense, on week ends I did my own maintenance on my truck and rent one when it broke down,I had to buy my own sales pads,insurance is good to have if some one trips over your boxes in the stores.The store help would break open my product to snack on and I would have to replace this damage at my own expense and it goes on and on.Its not the easiest way to make a living especially with today's fuel cost.Stay away from any union you might have to join.

[Steve Bagu]

In my real early days was a receiving clerk in a lge Grocery Chain.....and yes when your working in the back room a person does get hungry now and then and Oooooops dropped my pencil by accident and tore the pkg open....might as well eat the contents....shame to waste it.

[DarthVadar]

Asking Price: $225,000
Gross Income: $589,836
Cash Flow: $89,124
FF&E: N/A
Inventory: N/A
Real Estate: N/A
Year Established: N/A
Employees: N/A
Business Type: Nondurable Goods


Business Description

R U LOOKING FOR A SULLIVAN COUNTY MONEY MACHINE (no we are not talking about the Monticello casinos!!)
Check out this name brand bread route operating in growing Sullivan County, NY. Current owner has more than tripled this route's volume over the past 10 years as his product line, shelf space & customer base all increased!!
If you have recently lost your job, fear loosing it soon or live in the general area &/ or are tired of the long commute to work...consider owning this gem of a route! Early start makes for an early finish. Nets almost $1,800 weekly. $85 down includes Seller warranted 2007 truck (no CDL license required).

Detailed Information

Facilities: 2007 Isuzu 16' Box Truck-Diesel
Financing: 135,000 for 10 years @ 7% monthly note $1,567.46
Support/Training: Yes
Reason Selling: going back to retail food sales

[DarthVadar]

Now is the above worth it to buy or not?

I think he made a mistake saying 85 down, it should say 90k down.

My feeling is why does someone sell a profitable route. Returning to food sales your not going make much more if your even lucky to make more. Yes you would have benefits now but working in corporate america you deal with allot of bs...your not the boss any longer.

My big fear is that these distributors/manufacturers can hurt the independent contractor bread guy that they use by doing such things as bringing in a new bread product and having new routes to distribute the new bread product and as a result more competition to deal with and less customers buy your bread brand. These distributors/manufacturers are looking out for themselves and the bottom line.

[DarthVadar]

By the way that business I'm asking if it's worth it or not is Arnold/Thomas English Muffins.

[Steve Bagu]

Muffins are okay as I at times will buy a NAME brand at the .99 cent store. Code date is current and eatable.

Could be surplus stock or just trying for NEW customers....Sara Lee was one of them...good product.

There is the spoilege or outdated possibility being a perishable product.

Having a truck and maybe a unavailable product down the line a person would be SOL.....like TWINKEES.

[qlty]

I will tell you one thing its very scary driving that truck up there in the winter (lots of Ice on roads) I know this first hand.

[breadslinger]

I my self own a bread and cake route.....though there are some draw backs if you cant get up early i mean 2 am to start every day except wed and sun you can sleep in till 5 am must be willing to kiss some butt for sure ....its a 7 day a week bussiness if you own it...if you work for the company then youll get 2 days off and not deal with all the other things that an i/o does