Location Prospecting Tracker
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Find, Score, and Prioritize Profitable Vending Machine Locations
Location Prospecting Tracker is an official companion resource created to support, extend, and enhance the implementation of The Vending Machine Success System. This Excel workbook helps vending machine operators organize potential locations, research decision makers, track outreach, evaluate site visits, score opportunities, document negotiation terms, and monitor prospecting progress from one structured system.
This tracker is designed for aspiring and early-stage vending operators who want to stop guessing which locations are worth pursuing. Instead of keeping notes scattered across messages, notebooks, and spreadsheets, this workbook gives you a clear workflow for identifying, researching, visiting, scoring, negotiating, and prioritizing vending machine placement opportunities.
- Track potential vending locations with fields for location name, address, city, location type, foot traffic level, estimated daily traffic, operating hours, access hours, and placement notes.
- Organize decision-maker and gatekeeper details, including names, titles, phone numbers, email addresses, and contact notes.
- Document competition notes, available power, install logistics, revenue share ranges, flat fee ranges, pipeline stage, priority level, and next actions.
- Use a structured scoring system to evaluate locations based on foot traffic, captive audience, customer fit, competition, visibility, safety, power access, management cooperation, deal attractiveness, upside potential, and route efficiency.
- Apply clear decision thresholds such as Pursue, Maybe, or Pass to prioritize the best vending location opportunities.
- Use the site visit checklist to assess physical space, power access, lighting, security, delivery access, existing competition, placement photos, and customer preferences during in-person visits.
- Track negotiation notes including deal structure, commission percentage, flat fee, contract length, exclusivity, restocking access, proposed terms, counteroffers, outcome, and follow-up action.
- Log outreach attempts across email, phone, and in-person contact so you can follow up consistently and avoid losing promising opportunities.
- Review the dashboard to monitor pipeline status, active opportunities, high-priority locations, win rate, top-scoring locations, and next actions.
Use this tracker to bring more structure, clarity, and consistency to your vending machine location prospecting process.
Start Here
A quick-start guide explaining how to use the tracker, including the full workflow: identify potential locations, research details, visit the site, score the opportunity, negotiate terms, decide whether to pursue, and document the outcome.
Key Definitions
Includes important location prospecting terms such as foot traffic, captive audience, decision maker, gatekeeper, revenue share, commission, flat fee, exclusivity, placement visibility, route efficiency, and install logistics.
Quick Scoring Guide
Explains how to interpret location scores, including Pursue, Maybe, and Pass decision labels based on scoring thresholds.
Location Pipeline
A structured pipeline sheet for tracking location name, address, city, location type, foot traffic level, estimated daily traffic, operating hours, access hours, decision maker details, gatekeeper details, competition notes, placement area notes, power availability, install logistics, revenue share range, flat fee range, notes, next action, pipeline stage, and priority level.
Location Scoring System
An objective evaluation tool for comparing potential vending locations. The scoring categories include foot traffic and captive audience, demographic fit, competition level, placement visibility and accessibility, safety and theft risk, power and access feasibility, management cooperation likelihood, revenue share or fee attractiveness, upside potential, and route efficiency.
Decision Thresholds
Editable scoring thresholds that help determine whether a location should be pursued, considered as a maybe, or passed over.
Site Visit Checklist
A practical checklist for in-person location visits. It includes pre-visit preparation, physical assessment, power access, lighting, security, restocking access, door clearance, competition review, environmental conditions, proposed placement photos, and employee or customer preference notes.
Management Questions
A question list for location visits, including daily traffic, hours of operation, peak traffic times, vending interest, product preferences, dietary considerations, revenue share expectations, access for restocking, maintenance expectations, contract length, and competing vending companies.
Red Flags to Watch For
A checklist of potential problems such as low foot traffic, existing long-term vending contracts, poor security, difficult access, missing power, uninterested decision makers, unrealistic revenue share expectations, and abundant nearby food options.
Negotiation Notes
A negotiation tracking sheet for documenting deal structure, commission percentage, flat fee, contract length, exclusivity, restocking access, removal terms, proposed terms, counteroffer terms, outcome, and next follow-up action.
Outreach Tracker
A contact tracking sheet for logging outreach attempts by method, date, message summary, response received, outcome, and next follow-up step.
Follow-Up Cadence Guide
A simple outreach cadence covering the initial outreach, follow-up after 3–5 days, a second follow-up using a different method, a final attempt with urgency, and when to mark a prospect as lost due to no response.
Dashboard
A dashboard overview for monitoring pipeline status, total locations, win rate, active opportunities, high-priority locations, top-scoring locations, common reasons for losses, and next actions.
Please note that this is a digital product, so no physical product will be shipped to you.
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