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Topic: Vending Machine Profit
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What is the average vending machine profit?
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 taxes are 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.
What is the average vending machine profit?
The answer is; depends on the location!
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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!
Testimonial
Rob and Patti
After reading Small Change I decided that vending is probably not for me, but still an awesome story.
Getting a feel for the scale you need to make x dollars in a business is usually NEVER spelled out/revealed.
Thanks!!!!
You should write some more stuff. I would probably buy.
James ..(email on file)
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Today's Vending Business Tip
Don't limit your snack machines products to just snacks!
We did well with putting "other" products in based on taking a broader look at the location. For example, toothbrushes (hotel), laundry soap (trucking company), baseball cards (apartment complex), and other personal toiletries. Be creative!
Vending machine news;
Michael vs. the vending machine (Dothan Eagle)
Tell the author about your vending machine experiences.Sunnybrook tests vending machine for blood services (East York Mirror)
Sunnybrook Health Sciences Centre has become the first hospital in North America to use a high-tech vending machine to retrieve blood, eliminating the need to wait for blood services to fill the orde...Bees swarm New York street corner (UPI)
NEW YORK, May 8 (UPI) -- New York police said a beekeeper was called in after a swarm of bees began forming a hive on top of a newspaper vending machine on the Upper East Side.Namibia: Nored Changes Vending Machines (AllAfrica.com)
THE Northern Electricity Distribution Company (Nored) will install 90 state-of-the-art online vending machines next month to provide a better service to its clients.
Vending Machine Profit