Consistent cash flow
I look for routes with a proven track record. Two to three years of historical data verifiable through sales records, bank statements, or machine telemetry is the baseline. I work with sellers who can show the story behind the numbers.
High-traffic, stable locations
A vending route’s value is tied to its placements. I look for locations with high foot traffic and low risk of churn, such as offices, warehouses, schools, or fitness centers.
Maintained equipment
While I do not require brand-new machines, I do look for equipment that has been well-serviced. Maintenance history and machine age matter. I account for future replacement costs upfront in my valuation rather than using them as a renegotiation tool during due diligence.
Efficient logistics
The best routes are those that are optimized for service frequency and travel time. If your route is organized efficiently and has room for scale, that is a major plus.
Contract status
If you have formal service agreements with your locations, that adds a layer of stability and value to the acquisition.
If your route doesn’t check every box, reach out anyway. Context matters, and many situations are more workable than they appear on paper.