He makes $10K a month operating vending machines??
How @quinnjmiller plays the Charlie Chocolate of robotic machines game.
A π§΅
Give me the numbers baby....
Monthly run rate: $15k
Margins: 65%
Net profit: $9,750
Number of machines: 27
Total investment into biz: $50k
Time involvement weekly: 20hrs
What he could sell his biz for... $371kish maybe $400k
80/20 Rule Matters: What he sells most of?
12oz coke
I buy this item for $.33 (each) & sell for $1, this is a 67% margin
- a suburban man, who gets up at the same hour every weekday morning,
- takes the same train to work in the city,
- performs the same task in the office,
- lunches at the same place,
- leaves the same tip for the waitress each day
Comes home on the same train each night
- Has 2.3 children
- Cultivates a little garden
- Spends a 2-week vacation every summer which he does not enjoy
- Goes to church every Christmas and Easter
And narrows down which to buy often in 30 seconds...
A 𧡠featuring my new homie @SievaKozinsky DD process:
How to go from 3,000 -> 1,000 deals
Narrowed down by looking quickly at these 4 things..
Know your parameters = save your time.
- Type of business
- Cashflow amount
- location
- profit
Only 1-3 hits those amounts rest.. (30sec review)
1,000 --> 500
- Financials (learn how to spot a healthy biz is largely in the #'s)
Oh, they're a mess & you're actually not profitable.