Snyder's of Hanover

Posted in the Hanover Forum

Comments (Page 168)

Showing posts 3,341 - 3,360 of5,077
|
Go to last page| Jump to page:
Old School Lance Man

Princeton, NC

|
Report Abuse
|
Judge it!
|
#3495
May 10, 2013
 

Judged:

2

Marco wrote:
I'm purchasing a Snyder's route in Staten Island, NY. The sales commission is 18% for health snack sales & 20% for Snyder's products. They are talking about a transition to Lance but nothing has happened yet. New Jersey has already transitioned and their sales commission was reduced to 17%. The seller is asking $225K and Snyder's is will to finance $215 note at 7% over 10 years. The current owner (seller is servicing 3 additional stores that aren't his because the route owner of those stores was kicked out be the store managers for lack of service. Can anyone experienced with Snyder's give me an idea of what may be going on with this whole deal?
Run Forrest Run!!!!!!!!!!
Marco

Staten Island, NY

|
Report Abuse
|
Judge it!
|
#3496
May 10, 2013
 

Judged:

1

just trying to get by wrote:
Stay away.
They quoted me a ratio of 25:1
Marco

Staten Island, NY

|
Report Abuse
|
Judge it!
|
#3497
May 10, 2013
 

Judged:

1

Additional note: I was quoted a ratio of 25:1 based on $8,600/week in sales resulting in a purchase price of $215,000 but the IO wants $225,000 no truck included. What do you guys think?
WNY Distributer

Rochester, NY

|
Report Abuse
|
Judge it!
|
#3498
May 10, 2013
 
Former UTZ IBO wrote:
<quoted text>
__________
What ratio did they quote you? What was the average weekly sales? Was the 3 stores that were being serviced included in the asking price? I will tell you, along with everyone here, if you weren't in this business before S-L then you should stay away. You will be disappointed once you sign on the dotted line.
The commission is correct, for now. Depending on the area you will not be making 20% and 18% going foward, unless it's a rural route.
I can't say it enough you really should stay away. Unless you can obtain a contract and have your lawyer go through it with you, you will be obtaining a lawyer after you sign. By then it's too late.
Anyone and everyone please chime in..........
First...what is the weekly average for the route??
Marco

Staten Island, NY

|
Report Abuse
|
Judge it!
|
#3499
May 10, 2013
 
just trying to get by wrote:
Stay away.
Regarding the 3 additional stores being serviced. They are not included in the asking price of $225,000.
WNY Distributer

Rochester, NY

|
Report Abuse
|
Judge it!
|
#3500
May 10, 2013
 
Marco wrote:
Additional note: I was quoted a ratio of 25:1 based on $8,600/week in sales resulting in a purchase price of $215,000 but the IO wants $225,000 no truck included. What do you guys think?
In my opinion that price us to high...150,000 with truck. At 8600 a week you should make 1500 a week, if you sell down inventory each week
Marco

Staten Island, NY

|
Report Abuse
|
Judge it!
|
#3501
May 10, 2013
 

Judged:

1

WNY Distributer wrote:
<quoted text>
In my opinion that price us to high...150,000 with truck. At 8600 a week you should make 1500 a week, if you sell down inventory each week
The good part about the route however is that it's a tight route no more than 10 miles away from my house and all stores (mostly carge accounts are lined up close to each other. Gas for the week would'nt be more than $60 and servicing can be done in 3 or 4 days working 4-6 hrs per week. doesn't this raise the value of the route? Additionally, what in your opinion is the total breakdown of expenses? do trucks break down alot? I won't be traveling that many miles.
cookieman

Eagle, CO

|
Report Abuse
|
Judge it!
|
#3502
May 11, 2013
 

Judged:

1

1

Marco wrote:
Additional note: I was quoted a ratio of 25:1 based on $8,600/week in sales resulting in a purchase price of $215,000 but the IO wants $225,000 no truck included. What do you guys think?
Offer 10 to 1
cookieman

Eagle, CO

|
Report Abuse
|
Judge it!
|
#3503
May 11, 2013
 
Go to PFRoutes.com . For 220000.00 buy a pepperidge farm route. There is one listed in Staten Island.
Fishin Buddy

Saint Petersburg, FL

|
Report Abuse
|
Judge it!
|
#3504
May 11, 2013
 

Judged:

1

1

Marco, at 25-1 paying 7% interest on $8,600 weekly volume you won't be clearing squat at the end of the week and that's even if you know how to manage your inventory. Get a regular job at $15 an hour with benefits and you'll be better off. If you must do it, by all means negotiate the ratio. If it's company owned pay no more than 12-1. It the IBO is selling it no more than 18-1.
Marco

Staten Island, NY

|
Report Abuse
|
Judge it!
|
#3505
May 11, 2013
 

Judged:

1

Fishin Buddy wrote:
Marco, at 25-1 paying 7% interest on $8,600 weekly volume you won't be clearing squat at the end of the week and that's even if you know how to manage your inventory. Get a regular job at $15 an hour with benefits and you'll be better off. If you must do it, by all means negotiate the ratio. If it's company owned pay no more than 12-1. It the IBO is selling it no more than 18-1.
I appreciate the input. Thanks Fishin Buddy
Marco

Staten Island, NY

|
Report Abuse
|
Judge it!
|
#3506
May 11, 2013
 
cookieman wrote:
Go to PFRoutes.com . For 220000.00 buy a pepperidge farm route. There is one listed in Staten Island.
Thanks for the info cookieman. Can you tell me how I can get more information about this Pepperidge farm route on SI or who I can contact?
Marco

Staten Island, NY

|
Report Abuse
|
Judge it!
|
#3507
May 11, 2013
 
cookieman wrote:
Go to PFRoutes.com . For 220000.00 buy a pepperidge farm route. There is one listed in Staten Island.
Thanks again. I'll look into it.
Lanceisinmypants

Williamston, SC

|
Report Abuse
|
Judge it!
|
#3508
May 11, 2013
 

Judged:

1

1

Marco wrote:
<quoted text>
Thanks again. I'll look into it.
get a letter in the mail saying going to start charging us 5 bucks for a missing invoice ... Whats the 35$ bucks a week for ? How about I start charging these clowns 200 bucks a week for lost revenue cause of no product in the warehouse ..#theseclownsareajoke
Lanceisinmypants

Williamston, SC

|
Report Abuse
|
Judge it!
|
#3509
May 11, 2013
 

Judged:

1

Fishin Buddy wrote:
Marco, at 25-1 paying 7% interest on $8,600 weekly volume you won't be clearing squat at the end of the week and that's even if you know how to manage your inventory. Get a regular job at $15 an hour with benefits and you'll be better off. If you must do it, by all means negotiate the ratio. If it's company owned pay no more than 12-1. It the IBO is selling it no more than 18-1.
with nothing down and 7 percent for 10 years thats 680 a week payment ... No way
WNY Distributer

Rochester, NY

|
Report Abuse
|
Judge it!
|
#3510
May 12, 2013
 
Marco wrote:
<quoted text>
The good part about the route however is that it's a tight route no more than 10 miles away from my house and all stores (mostly carge accounts are lined up close to each other. Gas for the week would'nt be more than $60 and servicing can be done in 3 or 4 days working 4-6 hrs per week. doesn't this raise the value of the route? Additionally, what in your opinion is the total breakdown of expenses? do trucks break down alot? I won't be traveling that many miles.
Being a tight rote does help and yes , truck do breakdown,unless you purchase a new one which then adds more expences! Gas, repairs, insurances including truck, business, health , disability . These all add to the cost of the route
WNY Distributer

Rochester, NY

|
Report Abuse
|
Judge it!
|
#3511
May 12, 2013
 
Lanceisinmypants wrote:
<quoted text> get a letter in the mail saying going to start charging us 5 bucks for a missing invoice ... Whats the 35$ bucks a week for ? How about I start charging these clowns 200 bucks a week for lost revenue cause of no product in the warehouse ..#theseclownsareajoke
Just another way to nickel and dime the IBO''s
Marco

Staten Island, NY

|
Report Abuse
|
Judge it!
|
#3512
May 12, 2013
 
cookieman wrote:
Go to PFRoutes.com . For 220000.00 buy a pepperidge farm route. There is one listed in Staten Island.
The Pepperidge Farm route listed in Staten Island Makes $1000 less in sales per week than the Snyders route and I would be paying almost the same price as the Snyder's route. Where do you see the advantage of that? Is it because Pepperidge Farms is so much of a better company?
Marco

Staten Island, NY

|
Report Abuse
|
Judge it!
|
#3513
May 12, 2013
 

Judged:

1

Do you guys think it's a good idea to speak with other route owners in Staten Island to get a feel of what they think about Snyders and to get info on any changes that might be going on in the future. Does anyone in this forum know for sure if Snyders will be going through a transition in New York?
BLUEGRASS

Taylorsville, KY

|
Report Abuse
|
Judge it!
|
#3514
May 12, 2013
 

Judged:

1

In Louisville pepp farms makes 23% crackers 25% bread. Even at 1ooo less/wk in sales you be makin more at pepp. PF don't pay promo dollars round here either. Please remember S-L is the lowest payin gig to distributors. Once the transition happens S-L will chop your route up , pay you less , and shove a hard pretzel down your throat.

I would advise anyone not to invest with S-L.

SINCERELY,

former Snyders distributor.
Marco wrote:
<quoted text>
The Pepperidge Farm route listed in Staten Island Makes $1000 less in sales per week than the Snyders route and I would be paying almost the same price as the Snyder's route. Where do you see the advantage of that? Is it because Pepperidge Farms is so much of a better company?

Tell me when this thread is updated: (Registration is not required)

Add to my Tracker Send me an email

Showing posts 3,341 - 3,360 of5,077
|
Go to last page| Jump to page:
Type in your comments below
Name
(appears on your post)
Comments
Characters left: 4000

Please note by clicking on "Post Comment" you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

12 Users are viewing the Hanover Forum right now

Search the Hanover Forum:
Topic Updated Last By Comments
PA Who do you support for Governor in Pennsylvania... (Oct '10) 39 min bacon hater 51,209
York County sheriffs nab 19 in recent warrant s... Apr 13 lady 4
Police: Maryland man admits to Gettysburg Book ... Mar 29 Pink eye 22
Review: Dean's Auto Plaza (Sep '13) Mar 24 Stacy Krieger 5
Maryland man charged in Adams County armed robbery Mar 21 Davenport 3
Extreme coupon class (Aug '11) Mar 19 Erica 12
Paradise School 'riot': Police arrest six students (Apr '08) Mar 19 Stephen B 28
•••

Freeze Watch for York County was issued at April 16 at 11:40AM EDT

•••
•••
•••
•••

Hanover Jobs

•••
•••
•••

Hanover People Search

Addresses and phone numbers for FREE

•••

Personal Finance

Mortgages [ See current mortgage rates ]
•••