53 King Street Saint John, New Brunswick E2L 1G5

$899,000

A great opportunity to acquire 25+ year old Vending Machine and ATM 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 and over 30 ATM machines 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), over 30 ATM machines, 8 other machines that are cash filled, 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 $50K-60K inventory/stock. Owner is retiring after over 25 years of successful operation. Working capital includes, but is not limited to, receivables, payables, cash float, cash in ATMs and vending machines, inventory. Owner also open to sale of only vending machines and related operational assets (price to be determined). Willing to provide training for upto 2 months. EBIDTA: Approx. $200k per year. Grossing over $75k per month and projected to grow to $80K in 2024 with secured expansion contracts. Highly profitable with profit margins ranging over 28%. (id:57497)

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https://www.realtor.ca/real-estate/25888406/53-king-street-saint-john