Owning A Vending Machine Business Reddit

Imo the margins aren t worth the hassle for vending machines and most locations are already taken by the big guys.

Owning a vending machine business reddit. Many vending machine operators recommend buying used or refurbished machines which you can find between 1 200 and 3 000. Start with a specific target market and one or two vending machines to learn your niche inside and out. This comes out to around 2500 a month. Businesses that were once vending only have moved to more profitable businesses like office coffee and micro markets.

Then continue building from there. 4 i have. Here are some of the lessons learned from his experience. With as little as a 2 000 investment you can generally get a basic vending machine business up and running.

I bought the rout all together not individualy 3 its hard to say per machine but i make about 120 bucks a day in one location 2 drinks one snack 50 in another and my last location i make around 90 bucks a day. That said they can be profitable if you are the owner of a high traffic area like a strip mall or coin op where the clientele already have coins in hand and time to kill if you own or service a laundromat always invest in vending machines. A vending machine business has few barriers to entry. 6 machines 3 locations 2 weeks 212 59 profit lessons learned watch this kids video for proof as to why you shouldn t do this because it s way below a living wage and the only way to make real money in the snack vending machines business is to have prime locations all taken.

Doing the refilling yourself buying in bulk doing all the labor and repairs yourself or buying used will help bring that 20 up. Owning and managing a vending machine business is a fairly easy process. He has about 15 drink machines two snack machines and a coffee machine. So 100k in machines after all costs will profit you 20k year assuming you are paying someone else to do the work.

What you need most is what every startup business requires hard work and a desire to succeed. Over the past few years the vending business has changed dramatically. Most of his drink machines are in car repair places or office buildings. Starting a vending machine business is like any other.

With the right market research informed decision making and entrepreneurial energy you can easily grow your business operations. 4 snack 5 drink powerade and coke and one coffee machine 2 depending on the quality anywhere from 500 to 1500. 1 i have 10 machines. The vending machine business drives billions of dollars globally each year.

But being your own. Keep in mind that like most small businesses you are not likely to get rich from running a vending machine business. Vending machines are time intensive and low margin. Generally vending machines make about 20 annual profit as a ratio of your total investment.

My dad started a vending machine business several years back.