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 create 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.
What are the current average sales for this route?
Currently this route averages $6,893 per week or $358,436 per year. Documentation will be provided to all serious buyers. Please note Snyder’s-Lance just merged and has restructured the route territories.
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 17% of its gross weekly sales of $6893 ($1172 per week).
How much can I make?
$1172 per week is the routes weekly average, or a gross of $60,934 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?
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 include, but are not limited to: route payment (if you finance), fuel, stale or damaged product, computer and insurance (Note: route payments vary for each distributor, depending on how much money you put down verses how much you finance). The current owner estimates $200 per week or $10,400 per year in expenses/overhead (does not include the route payment if you finance).
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 owner operates this business with a 1999 International Box Truck (169k miles) estimated value is $7,000 that is available for purchase if needed. 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 $1172 per week, minus your $200 estimated weekly expenses as mentioned above gives you the net of $972 or $50,534 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 $104,000 based on a weekly sales average of $6893; you come up with a selling ratio of less than 15:1
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. 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 has other business interest.
Where is the warehouse located?
Product is picked up in Ocala, Florida.
How many accounts does the route have?
The route consists of 2 Publix’s, 1 Walmart, 1 Target, 4 Pantry’s, Kangaroos, Martin Oil, Texaco, Racetrac, and cash stops for a total of 15 accounts. Additionally the seller has communicated that Snyder’s is currently trying to establish an account with Monroe Regional Hospital, and a new Publix will be opening within a year adding instant equity to the route!
How long has the seller owned the route?
Current owner has owned a route through Snyder’s of Hanover for 1 year. Recently the company just merged with Lance and restructured the route territories. 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-12pm. 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… Additionally they distribute for multiple companies. Owner loads only 2-3 times per week! Warehouse is in close proximity to the warehouse which keeps operating expenses to a minimum. Plenty of growth opportunity! Chip routes are in demand and this one won’t last long at $104,000! 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!
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