Key Points From the Interview
he vending machine business.
You see lots of little vending routes for sale on BizBuySell, and many of these are just one- or two-person operations, tiny businesses really.
Then there is the one that today's guest Ujwal Velagapudi acquired:
✅ Thousands of machines.
✅ Millions in annual revenue.
✅ Over a million dollars in cash flow.
Ujwal's business is at a whole other level, so if you've ever been curious about this weird and wonderful little industry, you're going to love this episode.
At over 100 minutes, it's a long one.
I wanted to get Ujwal's entire journey, not just the recent acquisition of the vending business.
Because it's an inspiring one.
Ujwal starts by buying a little commercial building he found on Craigslist.
Fire damage on one side, in a rough section of Detroit, selling for 20 grand.
And did I mention? Listed for sale...on Craigslist.
But he buys it.
And he parlays that first little acquisition into a portfolio of real estate.
Then a bar.
Then a gym.
Then a consulting business, an ecommerce business, an online business, and FINALLY the vending empire.
Ujwal is an acquisition entrepreneur's acquisition entrepreneur — a serial buyer.
What an interesting path.
And at 30 years old, he's really only getting started.
I hope you enjoy my conversation with Ujwal Velagapudi as much as I did. 👇👇👇