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Topic: How Much Does A Vending Machine Gross In Profits
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How much does a vending machine gross in profits?
Seems like a simple question.
Unfortunately the answer isn't that simple.
To calculate profits you need to consider the following variables. What did the equipment cost? (that has to be paid for out of the income). What is the cost of the product? (It depends on where it is purchased from). What is the vend price? (This is usually negotiated between the location and vendor when the machine is put in). Are there and commissions payable on this machine? (Some locations will get up to 40% of the retail price in commissions). What is the taxes payable in the area? (Yep, you have to pay taxes on the income).
As for a range of income; We had cold drink machines that did $2 a day and some that did $250. We had snack machines that did $14 per week and one that did $500 a day. It all depends on the location. And you never know what a location will do until you actually install a machine. How much does a vending machine gross in profits? The answer is; depends on the location!
To learn more about the REAL vending business before you invest, I have written a FREE report entitled "Vending's Dirty Little Secret". To get your free report and discover the information most vending machines salespeople don't want you to know; click here to get the FREE report!
To read more about how we started our vending business TOTALLY WRONG and then recovered and built a VERY profitable vending operation click here- Rob Farnham (author of "Small Change, Vending Insider Secrets Revealed")
An actual owner/operator of a full line, full time vending business for many years!
Readers Comments
Dear Mr. Farnham,
Thanks for stretching my $20 a long way. I feel better about what to look for and expect from owning a vending business. I am moving forward towards starting a business, but feeling much more prepared than I was before.
Thank you,
Sean ..(email on file)
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Today's Vending Business Tip
Two Birds With One Stone!
Try to find people who can approve multiple locations when trying to place machines. Property management companies might respresent many apartment complexes. Some business owners have multiple locations. With one "yes" you can secure multiple profit centers.
How Much Does A Vending Machine Gross In Profits