Vending Business

[Dreamer99]

Just wanted to know is anybody on here in, or have an experience vending. I wanted to start off with some cheap vending machines to test the waters. I would start with probably a vend master 3000 with 3 candy slots, do you think this business can be scalable, or even bring in a good monthly cash flow after a while?

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[G-man422]

It's a nice little passive income business. Do yourself a favor and stay away from the Vendstar 3000's. They're all plastic and way overpriced for the low quality they are. See if you can get some triple heads off of Craigslist (get metal machines like 1-800 vending, Routepro, Vendmaster, etc). You will be looking at about $50-$100 per triple head. The average gross income per head is $7 per month. Yes, only $7 gross is the average, so a triple in an average location will bring in $21 gross per month. I've had locations do less and locations do much more. If you get a quality machine and get good locations, it can make some decent cash on the side. Feel free to PM me about this subject as I have been working in the business for several years. Best of luck.

 

[Dreamer99]

Thanks for the fast and helpful response, so now alittle about myself I am 18 years old now going into college. I have little capital to start with and this is why I wanted to start with vending for a little money on the side. The other question I had was would I be able to increase the number of vending machines I own over time and scale up? For example is 1k-2k per month possible, or realistic in the vending machine business, and mind keep in mind I will be a full time student and probably working a job on the side.

Thanks again -Dreamer99

 

[ProfessorSpeed]

Thanks for the fast and helpful response, so now alittle about myself I am 18 years old now going into college. I have little capital to start with and this is why I wanted to start with vending for a little money on the side. The other question I had was would I be able to increase the number of vending machines I own over time and scale up? For example is 1k-2k per month possible, or realistic in the vending machine business, and mind keep in mind I will be a full time student and probably working a job on the side.

Thanks again -Dreamer99

I have machines at 68 locations. I have some very good locations too. It is possible to make money, but it is still S-Quadrant "you own a job". Doing this will not be fastlane. There is not enough margin in it to leverage employee(s). If you want to get into it, use the proceeds as seed money for your fastlane business.

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[Mike39]

It's a nice little passive income business. Do yourself a favor and stay away from the Vendstar 3000's. They're all plastic and way overpriced for the low quality they are. See if you can get some triple heads off of Craigslist (get metal machines like 1-800 vending, Routepro, Vendmaster, etc). You will be looking at about $50-$100 per triple head. The average gross income per head is $7 per month. Yes, only $7 gross is the average, so a triple in an average location will bring in $21 gross per month. I've had locations do less and locations do much more. If you get a quality machine and get good locations, it can make some decent cash on the side. Feel free to PM me about this subject as I have been working in the business for several years. Best of luck.

Just out of pure curiosity (not getting into the vending business), how much does a decent craigslist machine cost and how is the maintenance on the things? Only because I see the vending machine guys at my school working on the machines all the time and it would seem like a small pain to keep running out and fixing them

 

[Dreamer99]

--

I have machines at 68 locations. I have some very good locations too. It is possible to make money, but it is still S-Quadrant "you own a job". Doing this will not be fastlane. There is not enough margin in it to leverage employee(s). If you want to get into it, use the proceeds as seed money for your fastlane business.

How much work is it? Full time job or weekend job? Like I said I will be attending college full time.

 

[lookingahead]

From what I've seen with the vending machines at work. They come out about 2-3 times a week to fill them. I'm not in the vending business but I've also been interested just to generate some passive income while I'm in college.

Mike39: Depends on the machines you get and the condition. I hardly ever see machines needing to be fixed, the machines at your school might get abuse some so that may be why you see them being fixed all the time. Price wise..I've seen from $200-$1,000. Usually around $300-$500.

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[DeletedUser394]

https://www.thefastlaneforum.com/general-business-discussion/13151-vending-machine.html (read post 3)

https://www.thefastlaneforum.com/bu...nal-b-m/3585-vending-business-any-advice.html

https://www.thefastlaneforum.com/general-business-discussion/22262-vending-machines.html

There's more but I don't have them bookmarked and you can search for them yourself

 

[DanCuster]

I have always wanted to get into Vending machines but I heard it is a very shady business. Is this true?

 

[DeletedUser2]

its not a shady biz.

there are shady people in every biz.

I had vending machines at my apartment complexes, they rocked.

I did read and review this book for the author, a bunch of years ago, (my vending uncle)

the best piece out of all of it.

the machines don't matter. its the locations.

he would test a location using a cardboard box spray painted black with some glitter on it, and a tub with a hole cut into it on the top, as a "honor box"

said it cost less than a buck to make. he would put them at "sample" locations, and if came back, there was sales, and no theft. he would arrange to spend money on a machine for the site.

if theft. he took it out, and said no thanks.

Great way to test markets.

and bottom line, its a SERVICE business. remember that.
good luck

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[Dreamer99]

Thank you all for your responses, they've all helped me tremendously. Ive decided im going to try out the vending industry first starting with apartment buildings; more specifically the apartment I will be staying at while I go to college in the city. If I do succeed in my apartment building I can probably branch out to surrounding apartment buildings, that way I will be close by to check on all of them/ restock them if needed.

 

[lookingahead]

Keep us updated on how your doing.

 

[MJ DeMarco]

I found this great article on vending machines, worth a read:

Really? You "found" the article or are you simply promoting the website? Because right now, you're fooling absolutely no one.

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[bflbob]

Really? You "found" the article or are you simply promoting the website? Because right now, you're fooling absolutely no one.

Three posts, all the same. Good bye!

 

[Jeremy]

Really? You "found" the article or are you simply promoting the website? Because right now, you're fooling absolutely no one.

Give a brother a break! It's a mere COINCIDENCE that his first three posts are all links with keyword focused anchor text to the same website.....LOL!

 

[CommonCents]

I'd think developing a vending machine business oppty for others to buy into would be a good idea and fast lane. Saw a commercial on exactly that with DVD vending jumping on the success of Red Box. There's a huge fast lane for all the unemployed to buy themselves a turnkey job like that. Like in the gold rush, sell them the shovels and let them prospect.

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[vinylawesome]

Vending candy machines are a great way to make some money. Like any business, they require investment and extra work before you can get more out of it. However, vending machines are known to be really great businesses. Abatix.com has a vending machine supply inventory program that will greatly help vending businesses. The program covers system selection and configuration, program details, delivery and installation, supplies to inventory management. Here's a link to the program information: [http://www.abatix.com/Default.aspx?...stomer/abatix/customerpages/asap_vending.htm]

Spam?

 

[458]

 

[DeletedUser394]

That was really sad and hilarious all at the same time. I feel bad for the guy

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.