53 King Street Saint John, New Brunswick E2L 1G5

$699,000

A great opportunity to acquire a 25+ year old Vending Machine business in southern New Brunswick. This business is ideal for an existing business owner to expand the product offerings and access a larger client base or for a new business owner to take over this successful business. The company operates over 300 vending machine units in over 125 locations. The company has no long-term debt and has grown over 60% since 2014. Vending contracts include hospitals in major cities of New Brunswick (including Moncton, Saint John, Sussex and St. Stephen). Price includes over 300 vending machines (many equipped with bill acceptors and 60 with card swipes), 3 cargo vans, 3 employees (2 have been with the company for over 20 years), coin sorter, coin tuber and a bill counter, several of the 25 cent candy machines, between $40K-50K inventory/stock. The owner is retiring after over 25 years of successful operation. Willing to provide training for up to 2 months. Highly profitable with profit margins ranging over 28%. (id:53560)

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https://www.realtor.ca/real-estate/27544992/53-king-street-saint-john