Snyder's of Hanover
northeast snackman

Plainville, MA

#1459 Sep 23, 2011
Mass IO is correct, a little harsh, but correct. You as an IO should think like business owners, not company people. In the northeast the last 2-3 Io's sold their routes for the 20:1 ratio. There is another IO in the process of getting 20:1. After the transition here, with all the new products coming on top of our current product list the routes will be worth more. Not because Snyders says so, because it's what the market dictates. Going foward I wouldn't be surprised if these routes get 25:1-30:1. Non believer? Well, ask the IO's here in this area when they paid 6:1 years ago and the same routes are selling for 20:1. There are pros and cons to this merger. You, as a Io must determine if the risk is worth the reward.
Good luck to everyone with your decision. Ease up Mass IO lol......
Little Debbie Man

Decatur, GA

#1460 Sep 23, 2011
Holy Bat Farts Batman wrote:
<quoted text>
Today Walmart gave a salesman in my area 5 4ft shop arounds down the speedway. Yup they are kicking us out any day now.
If you hear of any openings especially in East Cobb, PLEASE give me a shout. I've got a Little Debbie distribuotship in Decatur and would like to add a Snyder's route to the portfolio. You can contact me via email at [email protected] thanks in advance, Donald King. Believe me I know about dealing with Walmart, dumbest employees on the planet. I've got 4 Krogers and a Publix as well.

Since: Aug 11

Logan, WV

#1461 Sep 23, 2011
Kim wrote:
<quoted text>If you use to work for lance you should have recieved a letter that states that you will have to work for 120 days in order to get your transition pay.
It's actually 120 days or 2 weeks after sale of route. So if you are going to buy then you will get money in 2 weeks but if you are not then you will have to work 120 days unless they find a buyer in the mean time.
Want answeres

Plant City, FL

#1462 Sep 24, 2011
northeast snackman wrote:
Mass IO is correct, a little harsh, but correct. You as an IO should think like business owners, not company people. In the northeast the last 2-3 Io's sold their routes for the 20:1 ratio. There is another IO in the process of getting 20:1. After the transition here, with all the new products coming on top of our current product list the routes will be worth more. Not because Snyders says so, because it's what the market dictates. Going foward I wouldn't be surprised if these routes get 25:1-30:1. Non believer? Well, ask the IO's here in this area when they paid 6:1 years ago and the same routes are selling for 20:1. There are pros and cons to this merger. You, as a Io must determine if the risk is worth the reward.
Good luck to everyone with your decision. Ease up Mass IO lol......
I agree that these routes are worth more. Snyder's corporate counsel Mike Anderson does not believe that. I had to hired an attorney and now fighting them for what is owed to me. Snyder's would not allow me to sell my route at fair market value. Than they took it from me, and did not offer me a new Snyder's/Lance territory. Now they only want to pay me the multiple I paid for it. Good luck when you try to sell.
PS; This is the 3rd route business I have owned. I am a business man. Snyders does not want smart people that know about the route business to work for them.
northeast snackman

Plainville, MA

#1463 Sep 24, 2011
Want answeres wrote:
<quoted text>
I agree that these routes are worth more. Snyder's corporate counsel Mike Anderson does not believe that. I had to hired an attorney and now fighting them for what is owed to me. Snyder's would not allow me to sell my route at fair market value. Than they took it from me, and did not offer me a new Snyder's/Lance territory. Now they only want to pay me the multiple I paid for it. Good luck when you try to sell.
PS; This is the 3rd route business I have owned. I am a business man. Snyders does not want smart people that know about the route business to work for them.
----------
If Snyders didn't announce or have anything in writing about a selling freeze then you should come out alright. I'm not a lawyer, but Snyders-Lance has been nothing but shady in this whole ordeal since the merger. The people that are trying to sell now were told at our meeting this past Wednesday there was no selling freeze. This was coming from the senior vice president!!! So, if what happened to you happens here I will guess there will be two more lawsuits going foward.
I agree with the "smart people that know about the route business" comment. One coworker brought up the rebuying from Snyders at the same rate we bought. Well, some SMART IO had lawyers look at our pre snyders-lance merger contract and said the ratio average of all the IO"s whose sld over the last two years. Mgmt was shocked and tried to dispute it, but after all said and done mgmt said they will re-read the contract and if what we said was true mgmt will honor the ratio, which is around the 18-19:1 ratio.
Take the businss aspect out of this and I ask everyone as a human being: if you had great news would you not want to tell everyone? And the flip side, if you had bad news or did something wrong you would with hold it from people correct? So, Snyders-Lance has told no one anything.....hmmmmmm I thing we got our answers.
Droopy

Parkersburg, WV

#1464 Sep 24, 2011
Im a sales rep for lance in WV, I have had both snyders and Lance on my truck since jan. due to a another chip company losing their contract to distribute the product. long story short, adding the SOH onto my route has elevated my route sales by 2500 to 3000 easy. we are in the process to be converted to IO and i feel that im in a good position because using 2010 sales numbers to value the route will make my purchase price far lower than its true value. my only concern is that i will remain a bin route the nearest DC is approx 90 minutes away. having said that, i think the hardest part will be maintaining my inventory so that im not stuck with alot of product by the end of the week. I know my area well and im pretty sure it can be successful. I also have a couple guys that have been mentoring me in the aspects of being an IO.
I just stumbled onto this forum a couple days ago and have been overwhelmed by the negativity i have read. wow. Ive seen alot of comments about feeling sorry for lance guys, i appreciate that, but i gotta have sympathy for the SOH IO's alot of people are going to see changes for their business, company wide there will be another 1200 route reps from lance looking to get a territory that will most likely disturb the business of SOH IO's that have been comfortable in there area for many years. it sucks. In the end, whether you are a lance employee or a SOH IO, we are all going to or have experienced alot of change in the last year, its how we deal with the changes that makes the difference. I have a sign in my truck that i read everyday when i get started in the early AM "What lies before us and what lies behind us, are small matters compared to what lies within us." - ralph waldo emerson
Yaz in Florida

Hialeah, FL

#1465 Sep 24, 2011
Droopy,
if you are that far from a DC you will most definately be on a bin. IMO, this is great although it has some drawbacks, but the most important thing about a bin right now is that it allows you to be on 7 day terms which is the BEST option out of the ones out there, 0, 4 and 7 at least down here in S Florida.
The main drawback of a bin is that if a specific item is not available at the DC the day that your order is prepared, you will most likely not have the opportunity to get it until your next delivery date a week later unless some other measures are taken. If it is an important item in promotion you will be less than happy.
Droopy

Parkersburg, WV

#1466 Sep 24, 2011
yeah yaz, i agree, it has its draw backs. being a lance route guy for 5 years, ive been instilled with the ideal of keeping a 10 day inventory so transitioning to only having exactly what you need has proved to be interesting.(Ive started early in trying to get used to that) secondly, i order on monday and my loads dont arrive to my bin until tues. so i am essentially ordering blind every week. this is proving to be tricky. reason being is if you end up being heavy or light, it takes 2 weeks to adjust out. contrary to the negativity on the board here, we in WV are presented with some excellent opportunities. so with that being said, im excited to get started with this transition. i assume your an IO in FL, whats your experiences been like?
zach

Hanover, PA

#1467 Sep 25, 2011
pat wrote:
I heard that snyder's was buying utz, anyone know anything about that?
no utz might be buying snyders but they call that off.
seapandabear

Hanover, PA

#1468 Sep 25, 2011
I love Hanover I grew up here and it's the best just putting that out there...("out there" a.k.a. my a**hole)
Yaz in Florida

Hialeah, FL

#1469 Sep 25, 2011
Droopy,

You might want to read some of the earlier pages of this forum. I expressed my experiences and feelings a lot in the early stages of this forum.
Route Veteran

Wappingers Falls, NY

#1470 Sep 25, 2011
I want to ask the soon-to-be IO's one question. Do you honestly think the company is looking out for you when they hook you up with these companies when you sign up to be an IO with them??
Snacks

Marion, OH

#1471 Sep 25, 2011
Just got my termination letter, as a master I was making 30% they will sell my area off paying 18. I have no contract but have built the area from almost nothing to about 10000. week. Have any other master got letters?
Droopy

Parkersburg, WV

#1472 Sep 26, 2011
sorry yaz, i was being a bit lazy, there are 70 pages in this forum. i was hoping to get the abridged version. LOL sorry i couldnt resist.
Droopy

Parkersburg, WV

#1473 Sep 26, 2011
Route Veteran,
I think the key thing to remember is this. Becoming an IO makes you your own business. Essentially, the only tie you have with the company is that you are purchasing your product from them. Other than that, your pretty much on your own. In that reguard, You make it what you want it to be.
soon to be synders lance

Avon Lake, OH

#1474 Sep 26, 2011
i have a meeeitng tomorrow about the merger in the pitt area. does anyone know if we will find out were our new routes will be
Droopy

Parkersburg, WV

#1475 Sep 26, 2011
no you wont.i had this meeting a few week ago. you will learn about the process to purchase route, also hear from bush leasing about trucks, insurance possibilities, etc. this is the meeting that if you have a question, ask it. then they will also give you the timeline for the rest of the transition
soon to be synders lance

Avon Lake, OH

#1476 Sep 26, 2011
how long after your meeting , did you find out about were your new route was going to be. and did they give you a choice of a few routes.
Droopy

Parkersburg, WV

#1477 Sep 26, 2011
i have not had the route presentation yet. as far as route choices, my district is pretty wide spread, so my route is the route that i will buy. im fairly suprised that i havent had the presentation yet, they said 3 weeks at our last meeting, that would have been this week. but there has been no word of said presentation. the meeting your gonna go to is pretty informative, pay attention, take notes, and ask ask ask. the people doin the meeting can answer just about every question youll have.
Sooooo Long

United States

#1478 Sep 27, 2011
Droopy wrote:
i have not had the route presentation yet. as far as route choices, my district is pretty wide spread, so my route is the route that i will buy. im fairly suprised that i havent had the presentation yet, they said 3 weeks at our last meeting, that would have been this week. but there has been no word of said presentation. the meeting your gonna go to is pretty informative, pay attention, take notes, and ask ask ask. the people doin the meeting can answer just about every question youll have.
Also a Lance Rep in southern WV here....our presentation is today so its moving north...not expecting a big surprise because so far everything I've learned on my own has been true...just do see this as a viable income...especially when we just lost 7 facings of product in the latest Wal-Mart Reset...that's roughly a loss of 600 per store per week

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