Hello,
We have not seen there tax returns. They own 4 routes. We have 18 months data on the sales for this route.
My wife and myself will be the owner. Below is a brief overview. We are working on a business plan.
OVERVIEW
Requesting a loan of $60,000.00 to purchase an existing & profitable business.
It is Bon Appetite Pastries Inc. vending route. The route owners are Renee and Martin Duncan (Duncan Pastries, Inc.). They own four routes. They are selling this route for several reasons. The major reason is, they have moved to Madison, GA and are expanding routes to the east of Atlanta and need cash.
The route is located in DeKalb & Gwinnett counties. It has 72 locations. Of the 72 stores, only 7 are corporate (billed monthly) and 65 are cash on delivery (COD). Most are convenience stores.
Roger Kruger (age 39), my son, has been successfully working this route since Jan. 07. We have 4 prospects in Gwinnett and plan to market in North Gwinnett, Hall & Barrow.
Bon Appetit® is a 20 year old, privately owned baking company, specializing in gourmet baking and distribution of top quality Danish, cakes, muffins and a vast assortment of other fine gourmet products to the retail and convenience store industry. The corporate office is located in Vernon, CA. The product is stocked at a warehouse located on Boulevard Street in Atlanta.
http://www.bonappetitbakery.com/home/home
.html
Route Financial History:
Annual Gross: $5000.00 x 52 = $260,000.00 - past 18^th^ months
Annual product cost: $194,480.00
Annual gross profit: $65,520.00
Expenses: Current Salary paid Roger- $31,200.00 (Independent Contractor)
Other - none, except for administering the business
Profit: $34,320
The individual cost per piece is currently $0.68. Ave. Weekly Cost: $3,740.00
The individual sale price per piece to the store is currently $0.86 - $1.05
The average weekly total of individual pieces sold is 5500
Robert J. Kruger - July 25, 2008
