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Topic: Vending Financing
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Have you seen the ads for vending machines with 100 per cent financing?
No money down!
These offers popup from time to time. If you look carefully at these deals you will see that you actually end up paying a fortune for the equipment. How quickly your new business becomes profitable is directly proportional to the debt you take on buying your first machines. If you lock yourself into a deal where you are overpaying, even with no money down up front, it will take you a long time to become profitable. And if your overhead is high you might not make it through some initial bad locations.
There are smart ways to get established vending routes with nothing down. We bought out some established routes with nothing down.
And there is even a way we discovered to get free machines. But, if you are looking at buying brand new machines in a "vending package", I suggest you do some more research.
Beware: zero down vending financing can be an easy way to pay way TOO much for your first machines.
If you would like to learn more about the vending business before you invest your hard earned money in vending machines I suggest you read a FREE report I have written entitled "Vending's Dirty Little Secret". To find out some information most vending machines salespeople don't want you to know click here to get the FREE report!
If you would like to read more about how Patti and I started off completely the wrong way and still built a profitable vending company 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!
Testimonial
Dear Rob;
We have read your ebook and have taken it to heart and being very careful in our exploration to the vending business. I am going to go take a look at 3 machines I found using one of your methods. I'm going theretomorrow. I appreciate your advise and information and find your book to be an excellent resource.
Thanks for the insider information
Best regards;
Jon ..(email on file)
Do you know the 3 Magic Questions to ask a "vending bizop salesperson" to find out whether they know what they're talking about? Do you know why it is so hard to find REAL information about the vending industry? Would you like to know a simple way to start a vending business with very little or no money (maybe even FREE machines)? To receive your FREE REPORT Vending's Dirty Little Secret click here..
Today's Vending Business Tip
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Make sure that a location is aware you want to be their vending solution. We once walked into a snack/pop location we had serviced for years only to find a full size coffee machine right beside our equipment. When we asked why they didn't ask us to put a full size coffee machine in, they said, "Oh!, we didn't know you do coffee too!". (A costly mistake for us)
Financing news;
Proposed BRAC project hit with financing issues (BizJournals)
A North Carolina developer has yet to line up financing for an ambitious $300 million project tied to military defense contractors, a year after announcing its plans for the 75-acre office and retail park in Havre de Grace, Md.KFH Group signs Islamic financing facilities term sheet for TPL India Singapore (AME Info)
Kuwait Finance House Group (KFH Group) has been mandated to arrange for Islamic financing facilities to TPL India Singapore Pte. Ltd. (TPLIS).GPON firm bags $7M in financing (Electronic Engineering Times Asia)
GPON solutions provider iamba Networks has closed a $7 million round of financing, which will be used to enhance its product portfolio, strengthen sales and customer support teams, and expand its reach to new regions.Startup financing can be hard to get (The Herald-Mail)
Q: My brother and I are planning to start a small business and are looking for startup financing. Is SCORE able to provide assistance with federal or state grants?
Vending Financing