What is the current yearly gross for this route?
Currently this route grosses $176,628 per year. Income documentation will be provided to all serious buyers.
How do I get paid?
As an independent distributor you are paid a commission of your gross sales. Commissions vary depending on the products sold. This route currently receives an average of 20% of its gross weekly sales of $3,397 ($679 per week).
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. You can review additional Financing Options Here.
What are my expenses and overhead?
Expenses include, but are not limited to: fuel, repairs, storage facility, and insurance. The current owner estimates $8,920 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 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.
What is the Gross vs the Net income?
The gross income for the route is $35,326 per year, minus $8,920 estimated yearly expenses as mentioned above gives you the net of $26,406 per year as an owner/operator of the business.
How does the selling price of the route get determined?
All Heartland routes determine the selling price of their route by using a 2-3 multiple of their yearly cash flow/net income, plus assets.
What are the company requirements?
Heartland requires a background check, you must have no felonies and have a decent driving record.
Do I have to sign a contract?
Yes, as an independent distributor you sign a service agreement to represent Heartland. The contract is to protect both the company and its independent operators.
Why is the distributor selling?
Seller is downsizing.
Where is the pickup location?
You will be required to rent/own a viable storage facility that can be located in an area of your choice. Current owner rents a location within the territory.
How long has the business been established?
The current seller has owned the business for 9 years.
How many days a week, and what hours do distributors work?
You create your own working schedule. Current owner works 2-3 days per week.
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 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?
This Heartland Waffle Route has a large territory and opportunity for growth! Established & Turnkey… Start making income the day you take it over. Territory for this route includes the Connecticut region. Priced at $39,000! Contact Us About This Route Here!