Candy to cash.

He makes $10K a month operating vending machines??

How @quinnjmiller plays the Charlie Chocolate of robotic machines game.

A 🧵
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
Where do you put the damn thing?
Low-income apartments
Hotels/ Motels
Assisted living
Highest margin item?
Duchess donut (wtf is that?)
Buy for $.42 (each), sell for $1.50 ---> 72% margin
Worst margin item?
20oz soda

Buy for $1.19 (each), sell for $2 ---> 40.5% margin
Why keep the low margin soda?

I want to increase my customers' AOV (avg. order value).

If I can take it from $1 to $2,
I get them in the habit of willing to spend more with me
Next time, maybe they'll buy 2 12 oz sodas instead of 1
Avg cost of machines all in:
Machine: 1500
Cc reader: 250 (if you buy 5 or more)
Move: 100
Inventory: 250
Total: $2100

So u get 50% margin biz off a $2k investment
My favorite machine and the one any new vendor should start with.

Easy to manage & not a lot of SKUs.

A royal stack drink machine.

Some machines are $3k and some as low as $500
Machines that do most sales
Apartment building X - first month it did $3,300 in sales between 2 machines
Best investment to date:

A motel
Machine breakdown
Machine pp (300) + cc reader (250) + move (100) + parts / upgrades (230) = 880
In the summer this machine does:
1000+ a month
Total COC = under 2 months!
Total investment into those machines?
Drink machine (1,700) + cc reader ($250) + move ($150) = 2100
Snack machine (1500) + cc reader ($250) + move ($150) = 1900
Total = 4k

COC = little over 2 months
For you nerds who want the data:
Placement -

- location needs to have a centralized access point (apartment building with one entrance & elevators, ideally).

More homies more sales.

You place your machine right next to the elevators.

For context, because I have credit card readers on my machines, i am able to see every sale on a real-time basis on my comp

This allows me to be proactive (if no sales, machine is down), & make sure there is always product in the machines
Weekly time commitment
7 hours pre-packing
10 hrs filling
3 hrs computer work
Monday, Tuesday, Friday I am making cold calls & taking meetings
Also, any adjustments/repairs (not much repair)
Lemme slide my machine in the process (wink)
Pick niche
Vet location
Talk to low man on the totem pole & extract info
Pitch decision maker
Schedule in-person with the decision-maker
Send follow-up, very visual presentation
Close deal
If they f*ck you off to the laundry room, you only get sales from people once a week…. (no bueno)

- location, location, location
- $2-4k to start
- COC return in 2-4 months
- 40-65% margins

Boring wins again.
You like this sweet lil thing...

You’ll love Contrarian Thinking join us...

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More from @Codie_Sanchez

24 May
Boring businesses + online marketing = rocketfuel

10 Ways to Make 6-7 Figures off Your Twitter/Social..

The threads I wished I read when I first started:
@dvassallo hitting $250k in sales for 15 months of part-time online work:

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21 May
The story that changed my life...

That kept me up at night.

That was worse than any nightmare.
- 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
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- Goes to church every Christmas and Easter
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20 May
Attention Arbitrage

Or as I like to call it:

"How Kardashians became Billionaires w/ Glorified White Label Makeup"

And how influencers monetize, a 🧵 Image
@KylieJenner became the youngest billionaire.

Sold her biz for $600M, Worth $1.2B.

With her Instagram posts.

She maximized your attention… into her bank account. Image
Then @KimKardashian copied her.

Then the rest of them whose names I can't remember joined in.
Read 7 tweets
16 May
Oh hey there... so you wanna buy a laundromat?

I heard ya. SO - some of the tools we use to buy 'em.

Also remember - he who keeps it stupid simple wins. A thread on deal docs:
How do I know this isn't a lemon?
Oh that's a good q. You need a deal calculator.

Here's how we measure it. Super simplified but it lets you not waste time on sh*t.
It's not an IOU, it's an LOI (letter of intent):
Fancy way of saying, Hey Homie, I'd kinda like to buy your business.

BUT I'm not proposing, we're not exclusive, we're just dating. Cool?
Read 10 tweets
15 May
WHY to RAISE A FUND or How to Get people to Give you $$$?

I've raised for big players (Goldman, SSgA, First Trust, EEC) to the tune of literally tens of billions...

(Hand slaps face for not getting more equity)...

A thread:
At @GoldmanSachs (should I name drop again 🙄) we were shown a study on generational wealth...

Almost 100% of the wealth was made 1 of 5 ways:

Lucky Sperm Club (ok it said Inheritance)

Owner of a Business

Marry Rich

Public Co C Suite Exec

Asset Management
The last one is intriguing...

Building a fund and then a fund family (a group of funds)
Read 13 tweets
14 May
This dude looks at 3000+ businesses a year.

And narrows down which to buy often in 30 seconds...

A 🧵 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.

Bye (less than 30min to review)
Read 9 tweets

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