Trombone Mike, Starting a Vending Machine Business

[Trombone Mike]

Hello! I am new to this forum. I sought out a forum our because I want to start a vending machine business as a way to generate some passive (maybe not so much!) income for my family. I also want to build a business for my son to pass down some generational wealth and to also provide some additional multiple streams of income for my family.

I would like to hear from any members of this forum who could offer me some advice or tips on the vending machine business. I have created an LLC and I have an EIN because I want to really run this as a business and not a hobby! Looking forward to hearing from anyone to offer advise.

 

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[MJ DeMarco]

Welcome to the forum.

Why do you want to start a vending machine business? Is there a need for it? Or are you just targeting a selfish desire of yours, wanting passive income? As you describe, the premise is faulty for a successful business.