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Jimmy Ingram is one of those rare individuals who is able to not only learn from life experiences but can also translate the lessons from his past into bite-size actionable and profitable plans for himself and for others. Jimmy began his entrepreneurial career with his business partner Richard Goudie in the bookstore business. In 5 years they created 25 bookstores and sold them to fulfill a shared dream of building their own supper club. Over the next several years they opened restaurants in Washington, DC, Atlanta, and Ft. Lauderdale. Less than a decade later, at the age of 31, they found themselves completely broke and living in a one-room motel in Vienna, Virginia. Their only remaining asset was a small game-machine vending route. With the help of a mentor they turned that small route into a multimillion dollar vending empire. Jimmy and Rick shared a passion, the food and beverage business, so they used their new found profits to build a huge vending business, and develop and operate restaurants in DC., Virginia, Maryland, Atlanta, Miami, and South Beach.
One of Jimmy’s and his business partner Rick’s unique contributions to vending was to create a Vending Lease Management business model which allows anyone to start with little investment and grow at his or her own pace. This approach has allowed his company to overturn over 1,000 high-volume vending locations and sell them to 3rd party vendors, while continuing to receive a percentage of sales, all without owning or servicing a single vending machine.
In the process of concentrating on the vending machine business, Jimmy gained an amazing array of insights he has shared with others who have created their own multi million-dollar businesses.
Jimmy’s and Rick’s approaches to building high-volume vending routes, arcades, and a highly successful Vending Lease Management business have been detailed in 14 books. They cover the range from business opportunities to coffee and water service, creating successful arcades and a number of how-to guides. These include how to choose the right vending machines, purchase the right route truck, create high-volume vending routes, overturn and sign high-volume vending locations, sell high-volume locations for thousands or even tens of thousands of dollars while achieving 80%-90% profits and 3% of each location's gross sales for the life of the contract.