What are the day to day operations of this route?
To summarize your bread order is delivered from the Bakery in Haverhill to the warehouse in Avon, MA at midnight. Your responsibilities will include the following: Pickup product from the warehouse and deliver product to the accounts. Owner currently has 2 employees who make the majority of the deliveries. Owners roll in the business includes meeting employees at the warehouse to help load their vehicles. Owner also makes bulk deliveries to schools on Monday’s.
What are the current average sales and gross income for this route?
Currently this route averages $1,486,160 per year in sales. Income documentation will be provided to all serious buyers.
How do I get paid?
This route currently receives an average of 18.5% of its gross sales of 1,486,160 or $275,000 per year in commission.
How much can I make?
$275,000 per year or $5288 per week is the routes weekly commission collected, this number can be increased by new accounts opening, new product lines being added, and simple inflation.
Can I finance the route?
There is no seller financing for this route, and unfortunately banks will NOT write business loans against route based businesses for several reasons. However if you need money, you can review additional Financing Options Here.
What are my expenses and overhead?
Expenses include, but are not limited to: fuel, repair, payroll, workers compensation, and insurance. The current owner estimates $140,010 per year in operating expenses.
What type of insurance do I need?
Typically a single owner operator of a route distributorship will need commercial insurance for their delivery vehicle and business liability insurance. Owners with multiple employees will need a multiple vehicle policy and workers’ compensation. Routes For Sale now offers discounts on insurance! Through our size and volume, we have partnered with some of the largest insurance brokers in the nation to offer the best rates. Request Your Free Insurance Quote Here.
What type of vehicle do I need?
The current owner operates this route with 2 vehicles that include: 2004 Isuzu 16′ box truck (210k miles) and a 2005 Isuzu 16′ box truck (200k miles). Vehicle are included with the purchase of this route. Estimated value is $16,000! Common delivery vehicles used for this type of business are box trucks or trailers. If you are considering purchasing, leasing or financing a vehicle you can review additional information here.
What is the Gross vs the Net income?
The gross income for the route is $275,000 per year, minus your above mentioned expenses of $140,010 gives you $134,990 in net income or cash flow.
Who is responsible for damaged or out of date product?
Fantini Bakery gives full credit (stale allowance) of 10% of supermarket sales per week. Currently the route averages 4-8% depending on the week.
Do I have to pay for inventory or purchase product up front?
No, you do not have any out of pocket expenses when purchasing your inventory. You are however responsible for any inventory that cannot be accounted for through your sales. As long as you run the business as it is designed to operate, you will not have any out of pocket expenses or losses.
Do I have to sign a contract?
Yes, as an independent distributor you sign a service agreement to represent the company. In turn the company agrees to promote and assist you in growing your business. The contract is to protect both the company and its wholesaler’s.
Why is the distributor selling?
Owner has other business interest.
Where is the warehouse located?
Currently located in Avon, Massachusetts.
How many accounts does the route have?
Currently there are 56 stops and on average 35 are serviced every day. Accounts include: 23 supermarkets, 21 nursing homes, hospitals, 107 schools, restaurants, cafeterias, caterers, and more.
How long has the seller owned the business?
The current seller has owned this route and territory for 3 years.
How many days a week, and what hours do distributors work?
Employees work 5 days a week 12:30am – 9:30am with Wednesday’s and Sunday’s off. Owner meets employees at warehouse to help load and does bulk deliveries to schools on Mondays. Owner also services supermarkets on Wednesday and Sunday’s.
What about vacation time or personal days?
As an independent distributor/business owner you are responsible for servicing the route. It is our recommendation that you hire or train someone for additional time needed off. Additionally, you can network and hire distributors with previous route experience at RouteReliefDrivers.com. Route Relief Drivers is a nationwide network that allows independent route distributors and vacation relief drivers to connect with each other. Each party negotiates its own terms and compensation.
What is required in order to qualify for purchase?
Typically, most company routes or distributorships will require you to attend an interview for approval from the company, background check, and form an entity such as an LLC or Corporation. This not only protects the company, but also ensures protection of your business. If you need help forming this, we recommend that you Form A Corporation Here.
What else should I know?
Fantini Bakery is a premier custom bakery located in the North East part of the United States that delivers fresh bread, bread sticks, and bagels, to its customers. Very large operation with plenty of growth opportunity! You are not confined to the growth restrictions of similar bread routes in the industry! More major supermarkets coming to the area in less than a year! Owner admits that territory could support a third route/driver for more growth opportunity. Own this giant, turnkey business for $543,000! href=”http://www.routesforsale.net/contactus.html”>Contact Us About This Route Here!
How can I learn more about these type of routes?
In order to provide New Buyers with as much information as possible we have put together a quick overview of the industry. Learn More About Independent Bread Routes Here!
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