are vending machines a good investment reddit

For a standard vending machine how much do you pay and what are the profits for your machines after you restock. Im really curious to hear from the owners of these machines.

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Im thinking of buying a few in the near future and am curious if its a good idea.

. And I guess apply what I said uptop to arcade games. They are soda snack combo machines. On the other hand if you buy one of our used machines you will be getting a fully.

Of course the revenue that each machine generated depends on how many items are sold from the vending machine so carefully selecting locations for your vending machines investment is the most crucial part of your business. 10hr 4 hours is only 40 to stock 6 machines which leaves over 150 profit passive income. Do u feel the need for a vending machines in ur city.

Sounds like each machine generates enough profit to buy another machine in 2 years. On average a single vending machines investment can generate AUD 700 per month making the yearly earnings AUD 8400. Just scale it up and you have a successful business.

Vending machines come in a variety of sizes and prices but if you want to buy a vending machine that has decent quality and security features you should be willing to spend not less than 3000. That said they can be profitable if you are the owner of a high traffic area like a strip mall or coin-op where the clientele already have coins in hand and time to kill if you own or service a laundromat always invest in vending machines. Apart from the equipment itself youll need to account for inventory costs to keep your machines filled.

A few points to be made here. If these numbers are right this is fantastic and even leaves room to hire employees to stock the machines for you. This will allow you or an employee of yours to easily service your route in one day.

Doing the refilling yourself buying in bulk doing all the labor and repairs yourself or buying used will help bring that 20 up. So are vending machines a good investment. With the right support and technology it is a surefire side hustle or business opportunity.

300020015 So youre making pure profit on your investment in only 15 weeks. If you are looking for investment opportunities in vending machines then you can analyze from the current scenario of covid that people now prefer vending machines for buying snacks and other foodstuffs due to less human contact so surely covid has given a boost to this industry and investment done at the right time gives good return. If they ask I offer 05 per vend from 60 - 80 sale.

Are there vending machines in ur city. Many vending machine owners recommend buying used or refurbished machines which cost between 1200 and 3000. It Depends On Where You Buy Your Used Vending Machines.

So 100k in machines after all costs will profit you 20kyear assuming you are paying someone else to do the work. Contact Healthy YOU Vending today to get started. The only way to answer this is to say that it depends on where you buy your used vending machines.

IMO its a good investment. It only makes about 30 a month profit but the plan is to use that profit to buy another one they cost about 650 a piece. A new vending machine might cost anywhere from 3000 to 10000 depending on its size and capabilities.

Choose the vending machine that best fits the products you want to offer and what you can afford at the moment. What do they serve. Stock your vending machine with inventory.

A nice bulk rack vending machine with a side rotation of toys in one location wont. If you need a cooling unit to chill your drinks you will need to spend at least 3600. Generally vending machines make about 20 annual profit as a ratio of your total investment.

Are there overpriced products. Vending machines are time intensive and low margin. High starting cost and takes a awhile to see a return on investment.

I spend 5-6 hours a week for a couple hundred bucks. What makes the vending industry so unique is the variety of opportunities and open market. Ready to start your vending machine business.

A Vending Machine Business can get you a lot of income in a month if your machines are at locations that are not too far from each other. If you buy them from a newspaper or magazine ad you have no way of knowing what you are buying. So to answer the question yes Vending Machine Business can be profitable if well handled.

Its estimated that around 2 million of these machines in operation are bringing in 74 billion in annual revenue. A usual vending machine can have more. At that rate you could literally have a million gumball machines after a mere 20 years.

Its estimated that roughly 33 of the worlds vending machines are located in the United States. Its not passive at all machines frequently need to be fixed and filled. Its composed of thousands of.

I try to keep similar products on my machines to prevent waste. Once youve landed on a. Print up a makeshift flyer of product you can offer and let them choose.

Odd Job This Teen Bought A Bunch Of Vending Machines Now He Makes Six Figures 75 Of His Monthly Income Comes From His Successful Youtube Channel Not His Machines R Savedyouaclick