Starting a Vending Machine Business
The vending machine business can be a great opportunity for the right person or company. It can be scaled from a one location mom-n-pop operation all the way up to being a large corporate business. Getting started is relatively simple and typically the initial investment can be only a few thousand dollars. When starting, many people think that the only option is to purchase new vending machines which although is very nice that can require a larger investment than is really necessary and therefore carries with it a larger risk should the effort prove to be unsuccessful. Possibly a better way would be to invest in a used vending machine to start. Used vending machines are the least expensive option, however, on the flip side of that they also tend to have high maintenance costs and greater down time due to mechanical problems.
Perhaps the sweet spot between these two extremes is to locate a reputable supplier of refurbished machines such as Global Vending Group. A refurbished vending machine starts out as a used machine but is then completely restored to a like new state. They are more expensive up front than a used machine but cost considerably less than a new one yet offer the same reliability and professional look, plus they often come with guarantees.
Once you’ve purchased your vending machines you then need to find an appropriate location. You will want to find a business or location where there is a lot of foot traffic especially if you can find one that does not have a lot of fast food restaurant choices nearby. Of course when choosing product inventory you will also want to make selections that are appropriate for the location. Water or energy drinks might be a good choice near a sporting area such as a gym or athletic track whereas something like candy bars and snacks could do really well near entertainment centers.
When committing to a location you will often need to negotiate a percentage of the sales from your machine to pay to the location owner. You will want to be professional when approaching a business owner when trying to get that location for your equipment. Once installed, again be professional and keep your vending machines stocked and serviced on a regular schedule. It is probably also wise to establish a relationship with a good supplier of vending machine parts in the event one of your machines have need of repair.
Once the location has proven itself to be profitable with one or two machines its just a matter of repeating the above steps to grow your route. Some people will build routes and then resell them at a profit. This can be of an advantage to those who have little interest in running a business long term but enjoy the start up process. It is also a great way for those who have little experience in getting locations to buy into a business that has already been established. Like any business there are benefits as well as risks. Be sure to evaluate both sides of the equation when considering vending as a business. Seeking qualified advice can be a smart way to begin as well. If you would like more information about vending please contact Global Vending Group at 1(800)592-4220.



