VBB Advisors

VBB Advisors, also known as Vending Biz Broker LLC, is a mergers and acquisition (M&A) specialist in the vending, office coffee, and bottled water industries, providing business appraisals, consulting, brokerage and strategic planning.
704-942-4621

More Info on VBB Advisors

Mike Kelner, the leading senior business intermediary in the refreshment services industry, has more than 30 years of industry experience as an owner, operator, investor and intermediary.

Videos

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Bob Tullio speaks with Mike Kelner about his sell-side methodology at NAMA 2022.
June 21, 2022

Blogs

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With interest rates forecast to remain low throughout 2014 both the economy and the vending industry should benefit. There are however several factors within vending that will...
March 6, 2014

Articles

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In Part 3 of his M&A Best Practices series, veteran sell-side broker Mike Kelner explores why operators need professional advice and examines marketing a business — a crucial ...
June 26, 2025
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While he is aware that there are newcomers in the convenience services industry focusing on M&A, business broker Mike Kelner is confident that his proven approach — backed by ...
May 22, 2025
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What will a buyer pay for your convenience services business? Here is the answer for operators
In Part 2 of his M&A Best Practices series, veteran sell-side broker Mike Kelner explains why an accurate, data-driven valuation is the cornerstone of a successful convenience...
April 24, 2025
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Selling a convenience services business: valuation is key
Thinking about selling your convenience services business? Follow these M&A best practices from the industry’s leading sell-side broker and learn how to successfully sell your...
Feb. 26, 2025
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Adopting the right tools and practices can significantly enhance an operation's market value for those operators considering selling their businesses.
Dec. 13, 2024
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Business broker Mike Kelner has an inside view of the market and is confident that 2025 will offer a favorable climate for operators who are looking for an exit.
Nov. 7, 2024
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For operators, certain defining characteristics make a convenience services company a premium acquisition — one that will generate extreme interest from buyers and, ultimately...
Aug. 22, 2024
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While pantry service, OCS and micro market sales can be glitzy, business buyers love recurring revenue
There is a difference between recurring revenue and repeat business. Because operators are running set routes, they enjoy plenty of repeat business, although it is not totally...
May 1, 2024
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For operators, the right technology is a critical component when selling a business
Making a move to enhance technology, from vending management systems to cashless payment platforms, is costly and time-consuming, but such a move will pay for itself when an operator...
March 1, 2024
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The VBB Exit Advantage program is designed to maximize selling prices for operators.
Feb. 6, 2023

News

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VBB Advisors has partnered with Shelia Darby, MBA, CVA, MAFF, to provide operators in the vending, OCS, pantry service and micro market industry third-party financial analytics...
Aug. 1, 2022
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Mike Kelner of VBB Advisors, a leading sell-side business broker and intermediary, has been awarded the designation of Certified Merger and Acquisition Professional (CMAP).“Acquisitions...
May 26, 2021
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Charlotte, NC – The International Business Brokers Association (IBBA) is pleased to announce that Michael Kelner of VBB Advisors, LLC has earned the prestigious Certified Business...
May 21, 2018
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With interest rates forecast to remain low throughout 2014 both the economy and the vending industry should benefit. There are however several factors within vending that will...
March 6, 2014

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Additional content from VBB Advisors

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With a backdrop of cautious optimism among operators who attended CTW in Las Vegas, Mike Kelner with VBB Advisors expects increasing product sales for operators to translate into...
Nov. 18, 2022
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Mergers and acquisitions in the convenience services space have become more complex, so buyers and sellers must pay closer attention to their positions. In 2020, amid the coronavirus...
Dec. 1, 2021
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Were you one of the many operators thinking about selling your company in 2020? I don’t care if a business broker offers you a commission-free transaction, 2020 is no longer the...
May 5, 2020
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Mike Kelner is the founder of VBB Advisors, a full service merger and acquisition firm serving the vending, office coffee and bottled water industries. Mike is a Certified Business...
April 2, 2020
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Micro market design is more important than ever, especially if an operator has any interest in selling their micro market business in the future. Sell side business broker Mike...
Oct. 10, 2019
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Leading operators agree that a well-designed market will generate more revenue, will make clients and their employees happy and will often result in referral business. There is...
Aug. 9, 2019
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A little preparedness goes a long way when it comes to selling your business. Check out these 1o tips to prepare your convenience services business for sale.
May 23, 2019
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If you are an operator considering the sale of your family vending business, your first step may be to talk with your shareholders.
May 7, 2018
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Theoretically, value is driven from 2 key components… Cash Flow and Risk.Cash flow is the amount of money a business will generate after all expenses including reinvestment into...
Dec. 11, 2017
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With the advent of sophisticated vend management technologies such as remote monitoring, dynamic scheduling and pre-kitting, the vending business has entered a new era. The days...
Aug. 7, 2017
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So why are vending businesses generally worth less than comparably sized office coffee businesses? In the acquisition market today, a well-run vending business will typically ...
July 1, 2017
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Showing smooth operations and professional records will bring more buyers and earn the best price.
April 17, 2017