How to Start a Vending Machine Business: Important Details Before You Start
Vending Machine Business Overview:
Starting a vending
machine business means being creative. It is basically a business that places and stocks vending machines in a variety of (ideally)high traffic areas where people have the conveniences of make a purchase. This can be
anything from a simple gumball machine to a complex machines
that dispenses specialty coffees.
wise to start off with a certain type of vending machine when you start
before branching out into different types
of machines. Once you learn one business you can quickly move to
This is an easy business to break into and if you have a
little persistence and a personable nature you will do well.
It's fast growing and offers a great chance to
make a nice little income. Here are some things you will want to have before
- If you have connections with local stores and establishments you
will be able to start quicker and get more money faster.
working knowledge of of the machines. Vending machines have a habit of
breaking or stalling so you will need to know how to fix them or have
someone fix them for you quickly.
- Keeping each machine stocked and in a timely manner
- Delivering and setting up vending machines
- Repair vending machines is A Plus
- List of Common Business Skills
Employee and Job Consideration During The Start-Up Phase or In The Future:
Common staff positions needed to run some businesses
Approximate Daily Hours Needed:
Set your own hours, and schedule your day as you like. As long as you can supply the areas your machines are located in.
Equipment, Supplies, & Services During Start-up OR In The Future:
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Monthly Expenses and Operating Costs To Consider:
See our list of common business expenses
See Our Page on Licenses and Permits
Tips & Considerations:
is wise to start out small, perhaps with a few machines, and
then start buying more as revenue comes in. You will also have to
invest in products to fill the machines.
- Be careful there are scams out there that promise the world to you, and all they want is to sell the machines, because their business model does not work and / or their supplies don't sell. Make sure to perform due diligence
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Pros and Cons:
- It's automated
- It's low maintenance
- Products sell themselves once you set up the machines
- You can set your own schedule
- Lots of competition
- Machines break and if you don't get the fixed in a timely manner that's revenue gone
- People sometime abuse and break the machines
- You need to develop your business slowly over several years or invest a large amount of money up front to get started
- Finding good locations may be difficult
- Cost of each machine can be ain the $3000 range
- The return on investment ROI may take awhile
See Valuation Resources for current vending machine statistics.
Vending is a numbers game, especially in bulk vending. You will need a lot of quality vending machines placed in high traffic areas in order to build a good revenue stream
in anywhere from 20% to 35% cost of goods and you have a ballpark
estimate of revenue. This is an industry standard for bulk vending, so
it is not guaranteed.
Equipment and Supplies:
h.u.m.a.n. Healthy Vending
Concession Stand Business
Hot Dog Cart Business