Vending and Manufacturing Company- COVID-19 Resistant
This company has all of the characteristics of a great company. Well established track record? This company was founded 35 years ago. Residual income? This company has thousands of machines placed which are cash cows. Ability to grow? In the last decade they have more than doubled the business and there are tremendous internal growth opportunities within the Company. In addition, there are many opportunities for strategic acquisitions. Covid-19 RESILANT? Sales in 2020 are in line with 2019 and in the 3rd quarter of 2020 has INCREASED! They are Covid-19 RESISTANT. Recession resistant? The company is in a “need” industry with technological changes INCREASING the machines relevance. Barriers to entry? HUGE! History of growth? Sales have been consistently increasing for over a decade WITHOUT a dedicated sales force. Management transition plan? The founder of this company is in his early 60’s, has a lot of gas in the tank and would be willing to stay involved with the company, including an equity position. We are expecting to have Indications of Interest (IOIs) from qualified candidates by January 15th, 2021. Candidates only with the ability, expertise, and financial capabilities to purchase, operate and grow a Company like this will be considered. If you are qualified and interested in learning more, please refer to listing number 14574 when inquiring about this listing.