Owning A Vending Machine Reddit

So 100k in machines after all costs will profit you 20k year assuming you are paying someone else to do the work.

Owning a vending machine reddit. This comes out to around 2500 a month. Generally vending machines make about 20 annual profit as a ratio of your total investment. 1 i have 10 machines. 4 snack 5 drink powerade and coke and one coffee machine 2 depending on the quality anywhere from 500 to 1500.

The more knowledge the better. What you need most is what every startup business requires hard work and a desire to succeed. Imo the margins aren t worth the hassle for vending machines and most locations are already taken by the big guys. First post in here first vending machine i ve owned.

Keep in mind that like most small businesses you are not likely to get rich from running a vending machine business. I m starting from the ground up here. 5 steps to starting a profitable vending machine business. Over the past few years the vending business has changed dramatically.

Vending machines are time intensive and low margin. So i have a usi snackmart iii 5000 model 3015 a it has a coinco bill receiver model ba30b it also has a coinco coin receiver model 9302 l. Don t pick any location that you can setup a machine. Try to be strategic.

A vending machine business has few barriers to entry. But being your own boss and calling the shots are rewarding in themselves. If you put a machine in and it only breaks even its going to cost you 75 or so to have it moved to a new location. For example you may want to reach out to the owners of an existing vending machine company to learn more about the vending business.

When you start the business and look at your profit loss keep into consideration that drink machines cold drinks and coffee are seasonal. 10 pros cons of owning a vending machine business. 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. One of the good things about a vending machine business is that it is cheap to start.

Doing the refilling yourself buying in bulk doing all the labor and repairs yourself or buying used will help bring that 20 up. 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. To get started you may need as little as 2 000 to get a single machine and to also add the inventory you need to it.