What are the requirements to purchase this route?
This is a company owned route, distributorship and territory are purchased through Snyder’s-Lance. (1) Buyer must qualify for an interview with the zone manager for purchase. (2) Buyer must have previous route sales experience or recent retail experience in a grocery store. (3) Buyer must have a minimum credit score of 525 if financing. (4) Buyer must be an owner/operator of the route. Note: No investors please… The company will NOT permit an investor to purchase multiple routes and hire employees to operate them. (5) Buyer will be required to place $5000 into an escrow account as a good faith deposit before interviewing with the company for purchase. Your deposit is 100% refundable should you decide not to purchase, or not get approved for the purchase of route the by the zone manager.
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 routes average weekly sales are $8,179 or $425,308 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 18% of its gross weekly sales of $8,179 ($1472 per week).
How much can I make?
$1472 per week is the routes weekly average, or a gross of $76,555 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. Company acknowledges plenty of growth opportunity for new accounts in this territory.
Can I finance the route?
Third-party related financing may be available assuming buyer meets the lending criteria. As of December 2021, term lengths for 3 / 5 / 7/ 10 years are available. Interest rates are set by the lender and conducive with the market. All routes require a down payment at minimum of 10-15%. This required amount would need to be paid prior to closing. This information, and the terms of the route loan program, is subject to change.
What are my expenses and overhead?
Expenses are To Be Determined. Each individual’s expenses will vary and will include, but are not limited to: route payment (if you finance), fuel, stale or damaged product, computer and insurance for your vehicle, and liability insurance for your business. Note: Similar routes in the industry/area on average range from $200 per week or $10,400 per year in expenses/overhead.
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 is the Gross vs the Net income?
The estimated break down based on similar routes are as follows: gross income for the route is $76,555 per year, minus your $10,400 estimated yearly operating expenses as mentioned above gives you the estimated net of $66,155 per year!
What type of vehicle do I need?
There is no vehicle included in the purchase. Common delivery vehicles used for this type of business are step vans, box trucks and cargo trailers. If you are considering purchasing, leasing or financing a vehicle you can review additional information here.
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 $96,716 based on a weekly sales average of $8,179; you come up with a selling ratio of less than 12:1
Do I have to pay for inventory or purchase product up front?
No, you do not have any upfront or out of pocket expenses when purchasing your inventory (inventory is carried from week to week). However, you are responsible for any inventory that is not sold on a weekly basis. Any inventory carried over to the following week will be credited to the following weeks sales/commission.
Do I have to sign a contract?
Yes, as an independent distributor you sign a service agreement to represent Snyder’s-Lance. The contract is to protect both the company and its distributors.
Why is the company selling?
Snyder’s-Lance has merged and the company has created a new routes based on growth of other routes in the area.
How many accounts does the route have?
The amount of stops will be discussed and disclosed in the formal interview with the zone manager for purchase approval.
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?
Most distributor works 5 days a week, usually taking Wednesday’s and Sunday’s off. Service hours for most accounts range from 5am-1pm. 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. 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?
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… New route that has been created from surrounding route territories in the area. Plenty of growth and expansion opportunity! Chip routes are in demand and this one won’t last long at $96,716. Third-party related financing may be available with $5k down! 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! For additional Consulting Services with one of our route specialists Request A Consultation Here.
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