Owning Your Own Vending Machine

With as little as a 2 000 investment you can generally get a basic vending machine business up and running.

Owning your own vending machine.

Starting a vending machine business takes time and dedication but when done right can allow you to be your own boss and reap the benefits from your hard work. To start a profitable vending machine business you should consider your target market choose the location find the right machine and stock it with inventory that meets your market s demands. Buying a new vending machine usually costs between 3 000 and 5 000 new and 1 000 to 3 000 used. The main factors include the type of machine snacks frozen coffee etc.

The vending business is attractive for its relatively low startup costs but in the beginning you will have to commit some time to stocking and maintaining inventory and periodically collecting money from each machine you own. And the features that come with the machine. Choose the products to put in your vending machines. Typically however in addition to the startup franchise fee the franchisor takes a percentage of the profits or a monthly fee.

A franchise gives you an established business model based on vending a particular product or products. Costs can vary widely when starting a vending machine business. They work best in. Assuming we re talking about a healthy snack machine typical main features that you ll need to decide on are.

Start your own vending machine business regardless of which method you choose you will want to discuss legal matters with an attorney and financial and tax matters with an accountant or tax advisor. You get your machine put it in a location with a lot of traffic source your preferred inventory that you think will generate the most profit from a wholesaler to reduce cost stock your machine and you are good to go. Depending on where you place your vending machines determines how much is sold from each machine. Find and secure the vending machine locations.

Owning and managing a vending machine business is a fairly easy process. These are machines that sell both snacks and drinks all in one and take up much less space and energy. Deciding if the vending business is for you comes down to seeing if it aligns with your 3 why factors. They work well in office settings or smaller businesses what don t warrant having two full size snack and soda machines.

Many vending machine operators recommend buying used or refurbished machines which you can find between 1 200 and 3 000. This is is the easiest way to get into the vending machine business. Decide if vending is right for you. These are your traditional gumball or m m machines.

Owning and operating a vending machine business has its strengths and weaknesses. A new vending machine will cost anywhere from 3 000 to 10 000 depending on its size and features. These factors being purpose time and money.