Food route delivery business for sale - $300,000

Food and beverage delivery route for sale.
These are rough numbers.
Gross sales $450,000 to $500,000 per year.
Cost of goods sold about 300K per year.
Most equipment upgraded over the last 2 years.
Not brand new equipment but definitely upgraded.
Business comes with vehicles, equipment and setup cost of equipment that is worth about the price of the business.
That's used price of equipment and new would be significantly higher.
Rent and utilities around $25,000 per year.
You can significantly cut this number down.
If you have an existing building or even a barn you could probably get out of the majority of the warehouse rent.
Part of the rent includes a very small living space ($750 a month) but you likely will not even need it.
Labor is almost nothing because owner works the business.
Total labor is around $7,500 a year.
The majority of that cost is due to the fact the owner is not present and has to hire things done in his absence.
If you work the route you could likely reduce or eliminate these cost.
Route is from Lincoln City to Astoria.
All equipment, including Vehicles are free of encumbrances.
Business has zero debt.
Owner takes around $20k per year.
Fuel is a large expense because these are being serviced out of the area but if you can service from Tillamook or nearby it will be significantly less.
This business has completely paid for itself over the last few years.
Funds generated covered business loan payments of around 3k a month, allowed funds for equipment upgrades and left some money to owner.
Owner works the business so payroll is under $10,000 per year.
Owner is not local so much of those fees are during time he's away.
If you are local you may be able to get out of the majority of labor costs.
Just depends on he much you are willing to work.
Owner is willing to consider financing with a minimum of 50K down plus cost of inventory.
Inventory averages between 30k and 50K.
At time of closing the deal we can keep it on the low end for sure but you have to have some inventory from day one.
You'll need about 100K investment to realistically make this work.
I would estimate that would break down to 75k down but including inventory and about 25k just because you want to have some cash on hand.
Only reason this is offered for sale is once this business paid for itself.
owner purchased a very similar business in a signigicantly larger market that is rapidly expanding.
Plus being the first of the year having additional cash is not going to hurt me on taxes cuz I've got a whole year to figure that out.
We're just coming out of the slowest season for this route and it's only going to get better until this time next year so the time is ideal for a buyer too step in.
We're still in the slow season and that will give you time to learn the business but slowest time has already passed.
Closer it gets to Summer the less motivated owner is to sell the business but it's a perfect time to purchase it.