Starting A Vending Business

So, after carefull due diligence and thought you have decided that you want to go into the vending machine business.

You have studied the monetary advantages versus the initial financial out lay and the level of commitment in labor you are going to have to put in and decided that this is a business you could make some serious profits with.

Once you think you are ready to take on a vending machine business there are many things still left to decide. One of the first decisions to be made is if you want to own the machines yourself or rent them. Keep in mind that not all machines can be leased.

There are advantages to both. If something happens to one of your machines, vandalism for example, then the company that owns the machines will do the repairs for you free of charge. They will replace it if the damage is extensive enough. But they also have the choice to pull the machine out of the location if they feel it is a dangerous place even if you are finding that the profits from that location are very high. If the machine is yours only you can make those decisions, but you are also responsible for the costs should the machine be smashed or broken. If you are thinking about buying insurance for your machines forget it, it’s too expensive.

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Vending Machine Business For Sale

Are you looking to buy a vending machine business? Are you checking you local newspapers want ads section? Have you seen the ad that says, “Vending Machine Business For Sale”? Have you called any of the phone numbers? Years ago I responded to one of those ads and I paid $13,000 more for my machines than I should have. Now you are probably thinking how can anybody be that stupid? It’s easy when you are up against some fantastic advertising and master sales people. I was sucked in by a sales plan that even you would fall for and happily write a check for the privilege.

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How Vending Machines Work

Have you ever wondered how a vending machine worked? Why do you put your money into them? How many times have you put your coin in and waited for a packaged snack, cup of coffee or a package of cigarettes watching as the machine eats your money and then gives you your purchase. There is so much more to it than that. Before thinking about the mechanics of the machine think about its drawing power. What made you put the coin in? Did you really need that snack?

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