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Snyder's-Lance Route Southern CO/ Northern NM

Trinidad, CO (Las Animas County)

Snyder's-Lance Route Southern CO/ Northern NM
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Asking Price: $40,000

Cash Flow: $37,934

Gross Revenue: $183,100

EBITDA: N/A

FF&E: $7,000

Inventory: N/A

Established: 1997

Snyder's-Lance Route Southern CO/ Northern NM

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Business Description

Price Reduced! Owner Financing WAC!

Snyder’s-Lance snack route for sale- price reduced to $40k. Territory includes the towns of Trinidad, Walsenburg, Raton, Springer and others. Extremely well established route- seller has owned/operated for 20 years! In addition to the freedom that comes from being your own boss, this route offers proven stability, customer loyalty, a short work week with mostly flexible days/hours, and a reliable income- as well as possibilities for increased growth and sales.

Based in scenic Trinidad, Colorado, a vibrant, growing community with a low cost of living, this route services a diverse mix of accounts including grocery stores, convenience stores, truck stops, etc. As an added bonus, sale of route will also include opportunity for buyer to assume a separate service agreement with Snyder’s-Lance for delivery to additional accounts at no additional purchase cost to buyer!

Route produces annual sales of $118K and service agreement provides additional annual sales of over $65K, for a combined yearly gross of over $183K and net profit of $38K. Sale of this route also includes a Chevy P30 step van in good working condition and numerous racks, shelving and displays.

Owner is motivated to sell this route so he can retire, and has reduced its price to sell! Route will be purchased through seller, and contracted through Snyder's-Lance. Owner is ideally looking for a cash buyer, but is open to providing some owner financing to buyers with a down payment and approved credit.

Attached Documents


Detailed Information

Location:
Trinidad, CO
Employees:
1
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This route doesn’t require a building/ specific facilities and can be run out of distributor’s garage, storage shed, etc. Product is delivered weekly at no cost to distributor so there is very little overhead expense for the distributor! Assets include a 1994 Chevy P30 Step Van with custom built-in shelving. Older but well-maintained and runs great. Also numerous racks, shelving, and other displays for product.
Competition:
Snyder's-Lance, which became a subsidiary of the Campbell's Soup Co. in 2018, is a publicly backed company on the NYSE and the 2nd largest salty snack producer in the U.S., offering an extensive line of popular brands and products. This route was first established as a Tom's chip route in the 1950's, bought by current owner in 1997, and became a S-L route when the two companies, Snyder's of Hanover and Lance, Inc., merged in 2010. Quality products and many years of service in this area have secured a strong customer base and brand loyalty.
Growth & Expansion:
Excellent opportunities for growth! Trinidad’s designation as an official state creative district, its location as the Southern gateway to Colorado along I-25, and recreational marijuana sales have brought an influx of growth/tourism to the area in recent years- and an ideal opportunity for growing sales. Many opportunities for expansion include c-stores, truck stops, small grocers, etc in territory that could become new accounts, new stores possibly opening due to growth in area, and adding more displays/product lines to current accounts.
Support & Training:
Seller is invested in the continuing success of this route and will provide training and consulting to buyer for up to 30 days as needed. Additionally, Snyder's-Lance District Sales Managers are available to answer questions and provide additional continuing support to distributors on a regular basis.
Reason for Selling:
Owner is retirement age-has addl businesses. Downsizing to enjoy more free time.
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Business Listed By:
James Donnelly

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