I suspect that the contract you guys have is older than the one most of us have, specially down south. The multiplier they will be paying us on is the exact multiple we bought at but definately not market value which is disappointing.
I also expect to get a check when this is all said and done, based on the growth of the revenue within my territory and obviously the fact that we have paid down on the original note.
I believe that your contract will put you guys in a better situation than most other regions. Good for you and any sales of routes within the last 2 years should net you guys good $ when the buyout finally takes place in your area.
BTW, one last thing, we have been informed here in S Florida that we WILL roll out and go Live July 25 as expected, the only change is that we will be on Service contracts because paperwork for routes, trucks etc. is really behind, DM here says up to 8 weeks possibly. I suspect this will have a domino effect and be the same in other areas.
Anybody from Texas or KC that can confirm if they are behind on their timeline there too?
Thanks for all the inforamation. This will ease alot of IO's in this area. Like I stated before I just hope Snyders honors our contract and be willing to work with IO's everywhere in the US. I would hope Snyders-Lance going foward realizes we all have the same goal, making MONEY, lot's of MONEY.