Vending Machine Installation Process
It takes about 15 business days to have your vending machine installed and filled. Vending Solutions process for vending machine installation is simple. Determine the startup costs of your vending machine business. Research the market.
- Get your shoe box and cut a rectangle on it.
- Get your sheet of cardboard and cut it into two small sheets that will fit in your shoe box.
- Add snacks and candies!
With just $2,000 of investment, you can get the basic one overall vending machine and it works. After confirming your location, the machine supplier will conduct an availability check of their equipment.
If the machine model that you choose is available, they will install it within 1-2 weeks. Take the second cardboard strip and slide it into the first so that the slots match. Put your wrapped chocolates in compartments to separate them. You can buy these chamber liners if you prefer.
Vending Machine Business Considerations
Typically it takes 12 to 14 months to recoup the initial startup investment. It’s important to have a well-thought-out business plan, including how you’ll generate revenue and keep your machines running smoothly.
That said, to answer how much to start a vending machine business, we’ll assume that you’re starting with 4 machines and selling snacks only. A new machine will cost $3,000-$7,000.
Restocking and Earnings
Restocking is required weekly for snack machines, and biweekly for hot drink machines. Frequency depends on traffic volume and products stocked. Average earnings are $715 AUD monthly, gross. Expected weekly gross sales are about $170+.
Machines can be installed in cafeterias, grocery stores, and restaurants to provide employees and customers with convenient purchasing. Vending machine sales are generally taxable, including prepared food, soft drinks, candy, and amusement devices.
Franchises offer startup infrastructure, supplies, and profit sharing for low initial investment. But research thoroughly, as attractive perks sometimes mask risk.
The best locations have minimal complaints and freedom to stock your choice of products. Used machines can be sourced quickly when securing a new location. As people’s lives get busier, vending provides convenient shopping.