I mentioned to you that I’m going to have another wild week. Which I did. This location was along the way on my other downtown route. I happened to pass by and good tidings was established on first impressions.
- 1 When you have a new location there are a lot of involvement in time.
- 2 The enemy is the time factor involved.
- 3 This is how it works here in Vancouver, BC.
- 4 If I lose a location then I lose a big bunch of money which is:
- 5 But it seems that lady luck is on my side for the moment.
- 6 Indeed last week was busy for me and I decided to stop expanding and stop looking for new locations for the time being.
- 7 Some vendors go as far as to apply for a second mortgage on property to secure a loan in order to obtain good locations. We vendors pray that nothing harmful befall us on new locations.
- 8 Related posts:
When you have a new location there are a lot of involvement in time.
The enemy is the time factor involved.
- Putting products into the new machine, changing the prices on programming and asking products that you need to put inside the machine.
- Having to coordinate when the mover will drop the machine and you have to go to new place to fill up the machine which disrupts your programmed schedule.
When I acquire on my own location there is always no problem and until now all locations are very stable.
I noticed that when I actually buy locations from a vendor or a seller, sometimes it may become a ticking time bomb. Managers on the location that I got from a previous vendor sometimes do not understand that I have spent a fortune in obtaining a location.
This is how it works here in Vancouver, BC.
I will give you a clear example. Let’s say Mr Vendor A wanted to sell his location and make an ad at Craigslist. Every day there are lots of gullible small self-employed vending machine operators who wanted to expand and saved up for a location searching at Craigslist.
Most of the time Mr Vendor A will inflate the sales for example, sales is doing $600 per month and actually in reality it is only $400. So the prospective buyer will end up paying more for the location. Because the selling price of a location is sales per month X monthly sales PLUS additional cost of the machine is new or fairly updated.
I actually learned to do vending machine business the hard way.
I got ripped off on numerous occasions. I run it for a couple of years and disgruntled managers who is used to the other previous vendor doesn’t like the way the new vendor runs the business and kicks you out.
This were the early years or sometimes when things get sour with the relationship withe the manager or if for some strange reason the people just does not like you anymore. This was the case on location that was sold to me by the previous vendors.
Maybe I do not have the same resonant wavelength frequency with the location that im serving after the took over?
This is a shallow hallow type of reasoning I would say.
I came from a 3rd Third World country and my savings which I painstakingly secured thru my hard work as an entrepreneur and just ripped out here in my new-found home in Canada.
If I lose a location then I lose a big bunch of money which is:
- Initial over inflated investment from the previous vendor
- Locator’s fee
- Moving Fee
- Storage Fee
Sometimes It is a vicious cycle. Good earnings for 7 months and then suddenly loosing 2 or 3 locations and the savings will be used for obtaining new locations and money gone! This is the reality in doing business here in Vancouver, BC.
You always have to keep up and always have a healthy relationship with the top honchos.
But it seems that lady luck is on my side for the moment.
Indeed last week was busy for me and I decided to stop expanding and stop looking for new locations for the time being.
It was a huge drain on my capital resources with (3) new locations. Two locations were obtained by me and the other One was from the best locator in town.
Mind you when you are buying locations from a locator it is not cheap. It ranges from $400 to $1200 from a locator here in Vancouver, BC.
Many managers on various locations do not know that there is monetary involved when the vendor is changing hands to another vendor. I hope the location will have smooth sailing for the new owner.
Some vendors go as far as to apply for a second mortgage on property to secure a loan in order to obtain good locations. We vendors pray that nothing harmful befall us on new locations.
Actually it is time for me to join the 0.0 ZERO.ZERO Club for the time being, I have to step down from the Jones es for the time being.
Keep myself low level and when spring and summer kicks in then I will have enough ammunition to store and save.
When I was in Richmond, I just don’t get it why peoples are always falling in line for the longest time in Japanese Themed restaurants whether it is owned by real McCoy Japanese or Fake Japanese people running the show.
I really wanted to try my hands someday when there is no line up.
When I’m in Philippines there are no people lining up in restaurants since there are so many!
When I was still in Vancouver Downtown my trusty dolly’s metal suddenly peeled and all the pop dropped to the street.
Did I mentioned numerous times that when a small uneventful situation happens to me I marvelously get a help real quick and things go again on its course.
The good thing that along the way to Burnaby there was a welding shop that I paid for $40 to have a spot weld and dolly works like new again. This is the guy to go to for emergency weld while you wait.
Another unforeseen event that happened along the way towards Richmond.
My van’s engine light came on while I was driving and I passed by Mr Action Jackson and he diagnosed it for under 5 minutes and engine light reset even thou he is extremely busy and did not charge me a single cent.
Normally I still have no time even on a Saturday. This particular day was special that came along for a long time. I spent time securing all the spare keys I have and organize my duplicate vending keys in case some strange uneventful situation happens, you never know.