Snyders Pretzels - Lance Cracker Distributorship - Route For Sale Union County, Charlotte, North Carolina
Snyder's Pretzels - Lance Cracker route for sale $156,000! Only requires an estimated $76k down! Currently generating $451,568 in yearly sales and nets $62,630. Distributorship and territory is purchased through Snyder's - Lance. Snyder's - Lance currently distributes it's well known brand of Snyder's Pretzels, Lance Crackers, Stella Dora, Kruncher's, Beef Jerky, Archway Cookies, Capecod Chips, Grande, Eat Smart, and more. Invest now while these are still cheap! Territory for this route includes the Union County, Charlotte, North Carolina area. Additionally distributors just had a company wide meeting an were awarded an increase in commission, bonus incentives, and new product lines that will immediately increase the income of their routes. The additional revenue has not been factored into the current cash flow advertised.
Frequently Asked Questions:   Price: $156,000   Cash Flow: $62,630   Financing: Yes   Listing: Sold
What are the day to day operations of this route? To summarize, you will deliver product to existing accounts that include grocery stores and cash accounts usually starting in the morning hours. Your responsibilities will include the following: Evaluate and creating an order of product needed for the shelf, pull the order from your inventory, receive the order through the back door, and then fill the order to the shelf. After servicing your accounts for the day you will proceed to the warehouse to pick up additional product for deliveries the following day.
What are the current average sales for this route? Currently this route averages $8,684 per week or $451,568 per year. Documentation will be provided to all serious buyers. Please note Snyder's-Lance just merged and has restructured the route territories. While this is a new route. The accounts have been established for many years and sales trends are tracked by the company.
How do I get paid? As an independent distributor you are paid by commission. Commission varies depending on the items sold. This route currently receives an average of 16% of its gross weekly sales of $8,684 ($1389 per week).
How much can I make? $1389 per week is the routes weekly average, or a gross of $72,250 per year! This number can be increased, by supporting the company's promotions and up selling within your designated territory. Route values can also be increased by new stores opening, new product lines being added, and simple inflation. Distributor acknowledges plenty of growth opportunity for new accounts in this territory.
Can I finance the route? Yes, Snyder's Of Hanover will finance an estimated $80,000 (possibly more) for 10 years at an estimated interest rate of 8.5%. Additional requirements include a minimum 600 credit score (if financing). The remaining balance of $76,000 you will have to put down in the form of a certified cashier's check. If more financing is needed you can review additional Financing Options Here.
What are my expenses and overhead? Expenses include, but are not limited to: route payment (if you finance), fuel, stale or damaged product, computer, insurance for your vehicle, and liability insurance for your business (Note: route payments vary for each distributor, depending on how much money you put down verses how much you finance). The current owner estimates $185 per week or $9,620 per year in expenses/overhead (does not include the route payment if you finance).
What type of vehicle do I need? A vehicle does not convey with the purchase of this route. Common delivery vehicles used for this type of business are box trucks or trailers.
What is the Gross vs the Net income? The gross income for the route is $1389 per week, minus your $185 estimated weekly expenses as mentioned above gives you the net of $1204 or $62,630 per year net!
How does the selling price of the route get determined? All route sales are determined by a ratio based on a weekly sales average. The selling price of this route is $156,000 based on a weekly sales average of $8684; you come up with a selling ratio of less than 18:1
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 Snyder's-Lance. In turn the company agrees to promote and assist you in growing your business. The contract is to protect both the company and its distributors.
Why is the distributor selling? Owner is relocating.
Where is the warehouse located? Product is picked up in Charlotte, North Carolina.
How many accounts does the route have? The route consists of 5 grocery stores: 3 Harris Teeters, 1 Food Lion, and 1 Super Bi-Lo.
How long has the seller owned the route? Current owner has owned a route through Snyder's of Hanover for 3.5 years. Recently the company just merged with Lance and restructured the route territories due to the overwhelming amount of product lines. All accounts have been established for many years prior.
Do I get paid full commission when something goes on sale? During promotions the distributor contributes 17% of the promotion allowance and the company assumes the remaining 83%.
How many days a week, and what hours do distributors work? The current distributor works 5 days a week, taking Wednesday and Sunday's off. Service hours for most accounts range from 5am-2pm. These hours can be adjusted to start earlier if desired.
What about vacation time or personal days? As an independent distributor/business owner you are responsible for servicing the route. In most cases there is a qualified "go to" person who is familiar with the company's routes through networking with other distributors. Another option is to hire or train someone for additional time needed off.
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 in most cases require the buyer to form some type of 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? Snyder's - Lance has just merged making them the second largest salty snack producer in the country! The company continues to be aggressive promoting growth and adding new product lines... Additionally they distribute for multiple companies. Owner loads only 2-3 times per week! Plenty of growth opportunity! Chip routes are in demand and this one won't last long at $156,000! 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 Snyders-Lance Routes Here!
Disclaimer: Routes For Sale is a Broker that brings buyers and sellers together. Routes For Sale does not represent, or is not affiliated with the company the distributorship is being offered. All agreements are made between the buyer and seller and not Routes For Sale. It is the prospective Buyer's duty and obligation to verify the accuracy of the Sellerís representations and if necessary retain attorneys, accountants, business appraisers, or other professionals. The representation of income is based on a current 52 week sales average generated by the efforts of the current owner. As with any business you can make more or less.