can you really make money with a vending machine business?

Answer 1

No, it's a scam

Answer 2

Yes. You can if the location of your machines is good and your prices are reasonable.

Let's say the cost of a Snickers bar in a vending machine is around 60¢. If you buy from a distributor, you will buy a case of snickers for around 10¢-20¢ per candy bar. The second that candy bar sells, you've made 40¢-50¢. You aren't going to make a fortune with one machine but if you have multiple machines in good areas, you can make good money.

Most people aren't aware of the huge markup for vending machine products. I used to work in a vending product distribution warehouse. We sold stuff to the people who ran vending companies. If you do enough volume to buy direct from the manufacturer, you can make an even bigger profit. Though, some manufacturers will not deal with anything except vending distributors or will only deal with vending sales companies if they buy tons of stuff.

You can spend $1000 on vending products and turn around and sell it for $6000. Granted there is overhead and sometimes loss for damaged or OOD product. But it can be very profitable with the right business model and locations.

Answer 3

I had a neighbor growing up who did the vending machine business. It seem to work out fine for them, but I know he went around the towns and asked the businesses himself if he could place the veding machines and also he owned those machines too. If you are going through a company to help you with this I would suggest not doing it. I hear those business are a rip off.

Answer 4

If you couldn't, you wouldn't see any vending machines.

Thing is, you need a high-traffic underserved area, and there aren't many left anymore. Most of those vending-machine-business ads you see on TV are just companies trying to recoup the costs that they've incurred by buying too much equipment - they're passing the costs on to you, the newbie.

Answer 5

If nobody was making money with vending machines, they would soon disappear, and that doesn't seem to be happening. I imagine it's like most any business; you get out of it what you put in. If you educate yourself about your market and work hard, you should make a decent living.

Answer 6

Be super, super careful. It sounds like a scam. You might have to buy a route of vending machines along the Alaskan Highway which sell ice-cubes.

Answer 7

Yes, but it's work and customer service, like any other business. You have to keep the machines stocked, clean and in working order. You have to make regular routes to check the machines, count the money, get the hosts of the machines their money in a timely manner and repair any broken machines promptly.

Answer 8

it can be hard work., but you can make good money. although it is not an over night wind fall. it is worth the extra cost to hire a surveyor. they go out and not only find where you'd have the best traffic flow but they also negotiate with the property owner for the right to put your machine there.

Start Small!

Answer 9

yes there is good money in vending if their in the right locations for example hospitals, schools,waiting rooms.

Answer 10

Yes, but buy the machines cheap! It's all about location location location.

Answer 11

Its seems pretty unlikely, when you consider the item costs, the maintenance costs, the insurance costs, the space costs, and the tiny little profit you make on the service.