Start A Vending Machine 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 output and level of commitment in labor and decided that this is a business you could make some serious profits with. Once ready to take on the 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.

When you rent your machines you are obligated to give the leasing company notice of changes long in advance. This includes everything from moving the machine’s location to what prices you must set on your machines. They are virtually in control of many of the decisions that you want to make. Your only real control is where to put your vending machines.

These vending machine rental/leasing services will also do all the refilling for you. They are aware of usage trends and will strive to keep your machines properly filled. For example summer is the most popular time for soda vending machines to be used and if they are not filled properly then you lose money. If the summer goes by without proper attention to the refilling of your machine, the bulk of a year’s profits may be lost.

The only concern here is that these services have many clients to cater to and you want to be sure that your vending machines get filled when they should. If you fill your own machines you can set up your own routel schedule based on the usage trends that you observe. You know that this way it will be done and done right because you are doing it for yourself. Working for yourself ensures quality control because no one is as interested in your succeeding as you are.

If you decide that you want to use your own machines then your next decision is if you want to buy new or used. Some vending machines are made to last for years. As long as the machines you purchase have all the modern necessities, like coin and bill changers, then a refurbished machine should do you just fine when you are first starting out and it should save you a lot on your initial investment. After that it is a case of finding good locations where there is a minimum of competition for the vending machine dollar.