Penn State Freshman finds Sweet Spot on Craigslist
Matthew Modricker came to the Penn State SBDC as a freshman, in the fall of 2015. He was exploring business ideas and wanted to sound them out with an SBDC consultant. His goal was to make his classroom work relevant to real life in order to make himself more appealing to recruiters in a few years. Over the course of the next few months, Matthew continued to make occasional appointments with an SBDC consultant, discussing the pros and cons of one idea or another.
In April 2016 he once again contacted the Penn State SBDC with an exciting new idea. He had been watching Craigslist for business opportunities, and he discovered one that appealed to him and fit his budget.
A small candy vending business was for sale in a nearby town. The owners, who were in their 60s, had decided to give up their route and to sell the machines. They had managed their business for seven years as a way to give back—contributing some of the profits to a foundation that supports children who have cancer. Each machine had a sticker that announced a percentage of sales would be donated to this foundation.
Matt is continuing the legacy of giving back by partnering with United Way, which has provided him with stickers for his machines. He is busily looking for more businesses where he can place his machines and has already added several in Altoona, State College, and Bellefonte. With 40 machines in his possession, he is working out a plan to make sure that once all are placed, he can easily service each machine at least once a month.
As a Penn State Smeal College of Business student with Supply Chain Management as his intended major, Matt helps ensure that the machines are well placed, well stocked, and well maintained—a job that seems like a perfect fit for his major. The Penn State SBDC and the Penn State Law Clinic enjoyed working with this motivated, entrepreneurial-minded student, who is already pondering the purchase of more machines. We look forward to working with him as he moves through his next three years at Penn State.