To make a vending machine, decide what products to vend. Then, build a box to hold the products and components. Install lights, product trays, and hooks inside the box. Alternatively, add a computer board, coin and bill acceptor, and cash box to handle payments. Attach servo motors to dispense the products when purchased. Finally, test the device, troubleshoot issues, and decorate the outside. Vending machines require both woodworking and electronics skills. With patience and persistence, DIYers can create custom vending machines.
Cost Estimates for Vending Machine Business
The startup costs for a vending machine business can range from $1,400 to $4,000. The biggest expense is the vending machine itself. A new machine costs between $3,000 and $10,000. You also need inventory to stock the machines.
Profitable locations typically include apartment complexes, hotels, manufacturing facilities, offices, retail stores, and auto shops.
There are four types of vending machines:
- Snack and beverage
- Specialized food
- Hot beverages
- Amusement
Consider your target market when choosing a machine.
Location is key to success, as machines need to be placed where there is high foot traffic. Slow locations will not yield profits.
Other expenses include:
- Product purchases
- Maintenance
- Electricity
- Wireless connectivity
- Licenses
- Taxes
- Insurance
- Office supplies
Startup costs in total can range from $10,000 to $30,000 or more.
Materials Needed for DIY Vending Machine
Vending machines are constructed from various materials such as:
- Galvanized steel
- Lexan or plastic
- Acrylic powder coatings
- Insulation
The outer casing is often made from thicker gauges of galvanized steel.
To begin, decide how many machines you want to start with and identify service locations. Contact suppliers for initial purchases.
Inside a vending machine, different parts are composed of:
- Galvanized steel
- Lexan or plastic
- Acrylic powder coatings
- Insulation
For a simple, homemade version, gather cardboard boxes and PVC pipes. Cut an opening in the cardboard box for customers and add a dispenser made from cardboard rolls and PVC pipes. Place treats inside and let the box slide down the dispenser when money is inserted.
Brief History of Vending Machines
The first vending machine dates from about 215 BC, invented by Hero of Alexandria to dispense holy water. In 1076, the Chinese invented a coin-operated pencil vendor. During the 1700s, coin-operated tobacco boxes appeared in English taverns.