Mike Ferguson, a 30-year industry veteran is pleased to announce that he has launched an independent business to provide various services to the Convenient Services industry.
Mike Ferguson, vending and OCS acquisitions intermediary business broker, who is a vending veteran with 33 years of industry operations and ownership experience, speaks with Automatic...
Not all vending revenue is valued equally when selling a business. Mike Ferguson shares why operators should evaluate smaller accounts and build more micro market and office coffee...
A backup plan can protect the convenience services business you’ve built. Mike Ferguson explains what operators should put in place now so someone can step in if the unexpected...
Winning a large vending or micro market account may look like growth, but volume alone does not guarantee profit. Operators should calculate commissions, pricing, theft, service...
New operators entering the convenience services industry today generally begin by using some form of technology, especially if they start with smart markets or micro markets. ...
To make your business more profitable and marketable when it comes time to sell, an operator should consider letting an account go if it’s not producing the sales and profits ...
If you are selling your vending or office coffee business, expect a range of mixed emotions. These tips can help you better prepare when it comes time to exit the business.
Selling your business could be the most important financial risk in your life, so you shouldn’t go at it alone. A business broker helps you know what to expect in the process....
It looks like 2021 has proven to be a comeback year for the refreshment services industry. The industry has had many acquisitions in 2021, even more than in 2019 before the pandemic...
by Mike Ferguson–In my last mergers and acquisition report, published in November, there were two major pharmaceutical companies that had announced the development of effective...
Vaccines coming soon – Will people return to the office place?Probably the best news we have heard so far during this pandemic is that two companies have come out with a vaccine...
I have reached out to several operators all over the USA to discuss the impact of the coronavirus on their businesses. I have talked to some who are as much as 90% down and some...
With the coronavirus crisis, I have had several calls from operators asking about selling their business due to the fear and uncertainty that these times have created. For the...
There are several means of technology that operators choose to help manage their business better. These are technology items such as credit card readers, vending management systems...
Technology is an ever-moving target these days in convenience services. One of the technologies I get asked about quite often is my favorite vending management system (VMS...
Technology in the convenience industry seems to be the major topic these days. Although many operators were early adopters, many “old school” companies have held out. While calling...
