Overview
The cost of a typical new vending machine is usually between $3,000 and $7,000. The most expensive vending machines on the market today can cost up to $38,000. The cost of an alkaline water vending machine typically starts at around $500 while larger commercial machines can cost several thousand dollars. There are also cheaper machines available on the market, such as used vending machines which can be bought sometimes for as little as $200, or mini vending machines which cost from $300 upwards. The most recommended machines for people with little capital and beginners are used and refurbished vending machines, which can be purchased for around $1,200 to $3,000.
Profitability of Water Vending Machines
Are water vending machines profitable?
Yes. A water vending machine is a small investment that can generate big profits. You can begin making profits from the first day that you place the machine, giving you immediate sales and cash flow. Placing a machine in a medium traffic area could provide you with a return in as little as 8 months to a year.
The machines are used in several functions such as schools, hospitals, and public places, creating a profitable business for entrepreneurs. The low set-up cost, convenience, affordability, demand, and collaboration with the Kenyan government and NGOs create a conducive environment for entrepreneurs to set up and operate their vending machines across the country.
The water vending machine market is expected to grow, contributing significantly to Kenya’s economy and playing a crucial role in improving the health and quality of life of its citizens.
Factors Affecting Water Vending Machine Price
The capacity of the water vending machine, measured in litres per hour, is another factor that affects its price. Machines with higher capacities tend to cost more due to their ability to dispense larger volumes of water in a given timeframe. The type of payment system integrated into the water vending machine can also impact its price.