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.
It is 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 another.
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 starting:
Employee and Job Consideration During The Start-Up Phase or In The Future:
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:
Monthly Expenses and Operating Costs To Consider:
Tips & Considerations:
Pros and Cons:The Pros:
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
Add 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: