Vending Machine Business Pros & Cons

Vending Machine Business Pros & Cons

I sincerely wish that this website will be a rich resource for anyone on understanding the journey of running a vending business.

It is A Simple Business After All

It is a very simple and it just take one to fill up the vending machines in 6 to 8 hours per day.

You have to prepare a good vending machine business plan.

And the good part is that you have cash everyday. There are no accounts receivable or waiting for paycheck, this a cash based business.

This can be done by a single person who can run this business in its entirety.

It is a matter of grouping all locations in an area. For Example i arrange my schedule as follows :

  • Monday = Downtown Vancouver
  • Tuesday = East Side Vancouver
  • Wednesday = Burnaby
  • Thursday = Surrey
  • Friday = Richmond
  • Saturday = East Side and West Side Vancouver

i personally operate around 100-120 machines, and you might wonder how i can do it by myself?

i started with a few locations back in 2012 and its just a matter of organizing your vending machine route driving schedule some locations need to be filled 1 month, most twice a month, some once a week and some extremely good locations needed to be serviced twice a week!

No Age Restrictions and No Skills Involved

There is no age discrimination on this kind of simple business,

you do not need to have any skills in customer service, but of course you have to always be in a good mood because in most cases, there are people or passerby asking for freebies. I would recommend to give some since you’ll have happy customers for long term.

This Starting your own vending business can be done with :

  • Semi Retired
  • Retired
  • High School Graduates
  • University Students
  • Professional

How Do I Manage My Time?

I manage my own time and make your own schedule as long as the machines are well stocked with snacks. According to my experience the best times to go are as follows below :

  • Early to avoid rush hour
  • After 10am when everyone is already i their cubicles
  • Lunch time when everyone is eating
  • Between 1 to 2 pm before everyone is itching to get home

Vending Machine Passive Income ?

Instead of running a mom and pop grocery store in which i stayed from 9am to 9pm and earning just a minimum salary since most of the income gets paid to the landlord, my machines do the work for me while im doing other things or other work.

I have locations in hotels and establishments that have night shifts e.g. production facilities, grain terminals, night school, it continually earns even when im sleeping.

Some of my machine is installed with devices, and always alerts and reminds me when the machine is 50% empty via email.

Easy to Maintain

Machines are very easy to maintain even thou they are more than 10 years old, i have a lot of machines that are 15 years old and they don’t cause any problems.  Most of the problems that i encounter is very simple to repair and caused by my negligence while servicing the machine.

Most of the problems are :

  • Loose screws when pushing and pulling the trays
  • Coin mechanism inside machine
  • Loose Wiring accidentally get disconnected while servicing the machine

Here is a very helpful link on How To Basic Repairs which anyone can do it.

How to fix a leaking soda pop vending machine

How to Repair Vending Machine

Worst case scenario is some of my pop machine or combo machine is over 15 years old, sometimes there is a build up of ICY Material and starts leaking and some cases need to have the compressor changed, it is around $500 to $600 to have it replaced by a vending machine technician.  The compressor itself costs around $350 to $450.

Are My Accounts Happy ?

Here in Vancouver, BC, 70% of the accounts doesnt have any written contracts since if you don’t provide a good service of restocking, procurement supplies manager would opt for another vendor.

Most of the customers are happy as long as you service them regularly and most of all if you can provide a certain % commission, 5% commission from profit is very common here in vancouver, bc.

I myself as mentioned before handles around 100+ machines in the lower mainland here in vancouver, bc.  i had some very rare occasions which is still very vivid in my memory where the establishment had only about 1 to 2 weeks to move my machines out of their premises.  the reasons for this is unknown since i always perform my duties as a vendor, i personally believe that you must always have a rapport with everyone who uses your machine.  You absolutely and should never have any ill or cranky emotions whenever you are servicing your locations.

When i was starting out in vending i used a family sedan and gravitated into a professional commercial van which i’m very happy with its performance.

I had a tip before on how to keep the account very happy, is to sometimes clean the premises or throw away some cardboards for recycle and most instances is to give out freebies and always have a great smile even thou you have a bad day from family or finances or personal problems.

I have to always have to set aside all problems and have a happy disposition to my customers.

I’m always under the mercy of the location manager or people who simply doesn’t like the way you look or the way how you approach the business and whoever you are dealing with.  It would be such a heartache if you are removed without any valid reason if you are just starting out because you will be loosing the following :

  • Moving expense = normally you have to pay around $100 to $150 moving per machine
  • Leasing expense = monthly payments on machine
  • Time in emptying products = loss of time in which you can service other machines
  • Investment loss in the location = if you paid $5,000 or even $10,000 for the account.location and you are removed without any reason this will be a disastrous loss if you loaned the money or lifetime savings gone to the drain, but this is a very rare case scenario. Just make sure that the manager or contact person have rapport with you before you jump into new accounts, or else you get burned

I heard that when you are in sales you have to have that personality that attracts people and customers and be very pleasing and at the same time a tad bit persuasive.

Conclusion

Owning my vending business is a very viable income for me in supporting my small family here in Vancouver especially when everything is sky high and have some form of freedom since i manage my own time.

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How to Fix AP SnackShop Single Row Stopped Working

How to Fix AP SnackShop Single Row Stopped Working

I was hurrying up on my locations especially towards the weekend.  I mostly work mid week till weekend now especially now when most of my high performing locations are closed!

Here in Vancouver, BC most of the locations are still closed.

I got lucky i have a handful that are open and allows me to service, so i work 3 times a week for now.

Here in Vancouver, the policy makers and authority is going to reopen on the 1st Week of July Tentatively in case there are not much Corona Virus cases anymore.

In Vancouver, the cases seems to be under control due to the people who closely follow the government advisory hence this thing should stop and things go back to normal.

If by July things do not go back to normal then a lot of businesses might go under and some peole might loose their homes since its the businesses that fuel the bills for all expenses.

So for small business owners like me, I am in a very fragile situation.

By not opening community centers, hotels, schools and not allowing these establishments to open, there might be another depression coming on the way.  

And im 100% that if these centers are not allowed to re open then investments and a lot of the small business investors will liquidate their assests here in Vancover and go to places that allows community activities since retail services industries relies on lots of foot traffic to generate income.  Probably investors might go back to their mother country?

They just have to find ways on how to be safe.

I have observed that a lot of Asian Groceries are filled with a lot of people and allows walk ins : No Mask No Entry Policy and the businesses on these areas are coming out from the grave again and filled with customers here in Richmond.

Taiwan is a prime example where everything is still normal and their local economy is virtually nor affected because of the NO MASK NO Entry Policy.

If community centers, major events centers and  large public gatherings will remain close then a lot of small contractors will be running out of funds shortly.  

This just how policies need to be made in a way that everyone is safe.

I have noticed that one of my locations AP SnackSHop Second Row is not working and below are the pictures and steps on how to fix this.

Please do not panic if you see on of your machine’s second or thris row is not working, it simply involves a minor repair on the secondary board or some wire that was disconnected.

Here are steps:

Unplug vending machine power

vending machine power down switch

Visually check the row that is not dispensing or not functioning

See the white plastic on the second row of the vending machine?

white plastic connector

Take out the tray by unplugging the connector as shown on the picture above

broken connector

Visually check the connector

broken connector

upon inspection of the connector, it is borken!

simply reconnect the wire and push down the plastic crimp making sure that the wire is re connected

Test the diagnostics and make sure that everything is working again on the ROW that is in question.

Did you see the large sticker glued on the top right corner?

You simply have to carefully follow the instructions on how to test the selections!

You see a simple 5 minutes repair can save again $125 service trip by a technician.  Some techinicians will charge you the initial trip of $125 plus $? ( telling you that a part costs $80 ) but in reality there is no spare part to show you.  Some technicians just makes up a story that there is a defective part that is broken but it is not true.

My advise to you is to do all simple electronics repair by yourself to save money.

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How to fix vending machine keypad panel selection for $35 | Crane GPL 474

How to Check Your Crane GPL 474 to Ensure That It is In Working Order

Well, I have just discovered that my Crane GPL 474 Selection Panel is not working properly.

I cannot get it to work at all and it keeps showing error messages.

So in this article, I am going to show you how to check your selection panel to see if it is in fact broken or not.

Here is a simple step by step with pictures on how to diagnose the problem.

I went to my location and found out that when you are pressing the keypad on the machine it does not respond and it does not work.

There was price display light on the vending machine, when you insert coins and when you press the coin return it gives you the change.

The problem was there was no response on the keypad no matter what you press.

How do I know the problem is the keypad?

  • Check to see if there is display light on the vending machine
  • Check to see if you insert coins the display shows the amount
  • Press coin return if it gives the change correctly
  • Open the door of the vending machine
  • Check the coin mechanism if there are lights and working
  • Power down
  • Disconnect the cable from the keypad to the small board
  • Power On
  • Press the diagnostic keypad inside the vending machine, if this works then you will be very happy because the mainboard and the secondary diagnostics keypad is still working, SO
  • the problem must remain to ( 2 ) things: either the keypad outside the machine or the small board connecting to the keypad
  • Remove the whole keypad and bring it to your local vendor parts
  • Swap out the keypad membrane and visit your location again
  • Spend around 5 minutes to install back to the vending machine and it should work!
  • I only spent $35 for everything!

Note: If there are electrical problems it would be best to solve it on your own and do not call your local vending machine technician.

Calling your vending machine technician will rip you off so much money and it will take a few weeks a couple of months just to cover the expenses.

Here in Vancouver, BC the costs will be :

Technician Visit $125

Technician Parts ( Surely he will overcharge you in the tune of hundreds, I fugure $85 will be the normal charge for parts without you knowing the true cost of a keypad membrane )

Technician Return to Location $125

Your time to change the locks on vending machine so technician has the key to open the vending machine $? ( gasoline to go there, interruption on your routine )

I saved around $125 + $125 + $85 less $35!!!

crane gpl 474 out of service

The keypad is taken out of the vending machine

it took me 5 minutes to remove keypad on my first visit on my location with ZERO Sales!

that is the location of the keypad connecting to the board

that is the cable connecting the board and the keypad

you have to remove the screws and all that to successfully remove the keypad

easy remove screws to access the keypad under 5 minutes

keypad took off from the board

keypad taken off from the board

top view of the keypad

keypad

the backside of the keypad

use adjustable wrench in replacing the keypad membrane

Replacement keypad membrane

keypad membrance

For all electrical repairs, it is best to do everything by yourself to save money.

Especially in this COVID19 crisis, where the money is hard to come by, by all means, do not call your vending machine technician.  They will overcharge you and tell you other parts that need to be replaced and you will end up a big hole on your wallet!

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The Impact of the Coronavirus on Vending Machine Business

The Impact of the Coronavirus on Vending Machine Business

coronavirus impact on vending machine business

Beginning of March 2020 a lot of cases are going up each day here in Canada.  People are advised to stay home until the infection is over.

The Canadian government had a quick measure in financial emergency response on people who got laid off which is around 80% here in Vancouver, BC.

Health ministry was contemplating that the curve will be on a downward trajectory by summer.

I guess that with be in June or July.

But I’m very sure that most people will get rehired and get back to work again probably in the last quarter for the year.

It will be around fall that people will go back to normal.

With this kind of scenario, I think the vending machine business will back on track in September.

It is with the premise that people get hired during summertime and it will take another couple of months for everyone to go back to its normal spending habits.

As a vending machine operator, I will have no income significantly to pay most of my bills especially Mortgage, Rent, Work Van and Leasing on some vending machine equipment since the top performers are located in: Schools, community centers and Public Hotels.

I do not think there will be an influx of happy tourists spending money this year.

The locals will also be cash strapped since they will be rehired and we will know that employers will not hire the original workforce since there is no business activity.

The business activity will be done on a gradual rehiring process and it will be a slow process since the businesses will be observing if there will some isolated cases of re-infection and the most important is if there the actual buyers will be back?

Does this remain a big? mark.

For vending machine operators, I think realistically speaking from my experience, it will be the 2nd half of next year when everything will be again in full swing with the influx of tourists and reopening of borders.

Do you think there will be some riots?

This is some of the small business establishments that wanted to make sure no one smashes the windows and ransack the place and get some freebies

shops covered with wood to avoid vandalism

shops covered with wood to avoid vandalism

  • No one in their right mind to be buying a property with the uncertainty of business now.
  • No one will be watching movies when 80% of the workforce is laid off.
  • Construction might be severely impacted when there are no foreign with deep pockets to buy overinflated real estate properties here in Vancouver.
  • Restaurants that are open for taking out now are sitting on a landmine and might just be breaking even to pay for the expensive rent in Robson, Davie, Granville St.
  • No one in the right mind wanted to pay off debts, credit cards, CRA, IRS taxes, rents, and mortgages.

When things get back to normal which might be late next year, the government will be finding ways things to snatch back from the huge losses that were given to Canadians.  

They will find ways to up the ante on collecting taxes and imposed heavy fines on COVID19 fake related claims.

I wish for once that the government will be compassionate and understanding of this situation.

For now, Cash is King.

Vending machine business cannot work from home so the business is absolutely heavily impacted!

Remembering the 1997 Asian Financial Crises

During that Era, I was a very promising computer parts company and hired around 10 employees during that time when I was still at a very young age.

I just got out of University during the 1990’s eager to try out my hand in the business world.

During that time the whole world was looking at the Emerging Asian Tigers and one of them was the Philippines.

The Asian financial crises were triggered in July 1997.  During that time Asia was an economic miracle and any kind of business is flourishing.  Everyone during that time has a lot of capital reserves.

Everything was going up:

  • Real Estate,
  • Construction Boom,
  • Restaurants,
  • Mega Shopping Mall,
  • Arcade,
  • Recreation Centers,
  • Resorts,
  • Local Travel etc.

Anything that you have in mind you name it even the smallest business is booming.

It was that time when Thailand had localized currency speculation.

It soon spread to Malaysia, Indonesia, and the Philippines.  The exchange rate during that time as I remembered vividly was $1 US Dollar to Php 25 Pesos and suddenly the interest rates shot up from 12% to 35% and Philippines Currency devalued to $1 US Dollar to Php 35 Pesos.

As a small business operator, all my products are coming from:

  • Singapore,
  • Taiwan and
  • Hong Kong

have become more expensive because of the exchange rate.

Do you know what happened as a small business operator?

Sales were severely hit and all orders were halved.

So what happened?

This is maybe an analogy to what is happening here in Vancouver, BC Canada as a small business owner.

Back then, I have to layoff 80% of the workforce back then in the Philippines and had to contend with just 3 people running the company.

As a small business owner, I have to multi-task: Sales Call, Deliver.

Even downsizing is not enough.

During that time most of the businesses in the Philippines went under and declared bankruptcy.

There was :

  • No Philippine emergency benefit
  • No Deferred payments on the loan from banks
  • No Deferred payments on mortgages
  • No Deferred payments on Leased Equipment
  • No Deferred payments on Bill of Lading ( Importation )

By the fall of 1997, the contagion reached South Korea, Hong Kong, and China.  A Pandemic Financial meltdown had been ignited!

In 1998, Brazil and Russia is experiencing free fall on their economy.  From the mighty Wall Street to Tokyo Stock Exchange, hit record lows.

It was very uncertain during that time!

It was only on May 12, 1999, that the Wall Street stock market prices was stable.

Here is the TIMELINE.

With this analogy in mind, the impact of the Coronavirus may take up to 2 years before businesses get back on their feet! ( This is just a guess, this is by no means conclusive )

What was left with the small business basically in Asia which was left out surviving?

  • It took me about ## years to pay off everything to the banks and loans.
  • Bad credit, taxes unpaid, lawsuits, legal fees, bank collection statements, credit card collection statements.
  • I was able to recover and had very good years during the 2000s until COVID19.

I’m afraid the vending machine operators will be taking a lot of heat from collection agencies, government taxes, loans and perhaps?

Since this is 2020, let us see what the Canadian government can do to help its citizens and small business owners.

Economic Impact of the Coronavirus

The spread of the coronavirus in poultry and humans has come as a shock to many scientists.

While they were focused on investigating how the virus could be transmitted from animal to human, they could not have foreseen that it would be so easily transmittable from one human to another. If you read the news, you might think the virus is responsible for cases of chickenpox or the common cold; however, it is not.

coronavirus impact on economy

If you are not familiar with the virus, it is spreading at a very fast rate and creating an economic impact on the economy, which has never been seen before.

It seems that since the virus has been discovered and sent to laboratories for testing, the numbers of cases of the virus have been increasing more rapidly than anticipated.

There are now in excess of sixty countries where this virus is found and spreading rapidly.

These outbreaks can literally affect your own economy; this is the reality as far as this virus goes.

However, with a few precautions, your own economy will be protected. While this virus is known to infect people, not all cases will be life-threatening.

In a lot of cases, a person who contracts the virus will not experience any sort of financial or non-financial economic effect.

In fact, there are often no symptoms at all. However, if your family member, spouse, or coworker has this disease, you need to take action now.

There are already problems with food security, debt, and financial strain, all due to this virus.

When you learn about how the virus has impacted on the economy, you will be able to see the big picture; remember, your health is not always considered when your loved ones are trying to live a “normal” life.

There is no question that if the virus spreads even further, this could be a catastrophe.

  • After all, what if the virus can break out in a place that a lot of people frequent, like a restaurant?
  • Some food items that are easily grown, like peanuts, contain the virus.
  • If the virus can break out, how will the lives of all the food servers and other staff members be affected?
  • Will they lose their jobs?
  • What about the insurance company, when will they be liable for the money owed?

The world has no idea how this virus is spreading and where it will come from.

It is almost as if we are playing Russian roulette with our own health.

If the virus is really the cause of this current outbreak, then the world is going to be at serious risk, both physically and financially.

The virus is affecting many countries, including the United States, and so, the health care systems in those countries are having a hard time keeping up with the demand.

This affects people who travel and those who work with animals. In fact, you might say that the risk of a human case is the biggest concern.

To keep yourself and your family protected, do not let this virus is the cause of your economic burden.

Although the spread of the virus is causing concern, it is better to be safe than sorry.

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How to Secure Vending Machine Glass From Vandalism

How to Secure Vending Machine Glass From Vandalism

The vending machine business here in Vancouver has been very stable especially if the locations has been with your for a long time already.

I normally take a vacation during Christmas holidays here in Vancouver and fly back somewhere where the weather is warm, nice and away from the unending bills, rat race and extreme manual work from vending machine business.

This is not the case this time as I have for many years and did not take a break this Christmas season. There were several factors for me to stay put here.

hard to get vending machine location ( analogy )

Recently I was able to enter a fortress location which is almost impossible to get my vending machines’. I remember that I wrote letters and even had an appointment but to no avail during the early years when I was stepping my best foot forward on this large organization.

This year was very fortunate for me since the new location I was able to obtain had a great management and they were all working closely and was recommended to another 3 locations.

Vancouver Business Not Doing Good

Service industries always survive since your must go to the shop to acquire the service, while it’s a haircut or restaurant meal. Here in Vancouver the small business is not doing great as compared to its counterparts in Asia.

vancouver business not doing good

Everything in this city is overpriced. I mentioned this many times on my previous blog and I myself just do not get it on how a small family can survive it this city.

Let’s say for example, I always observed that small families here landed here in Vancouver and initially is very excited since there is virtually no traffic no problems with the efficient system as compared to other corrupt countries laden with crimes especially in other countries.

It is absolutely safe to walk and enjoy the freedom to whatever fancies you as long as you stay within the confines of the rules and regulations of the city.

But living here is very difficult with ICBC insurance going up each year, gasoline prices, apartments, condos, townhouses nearly doubled in a 5-year period here in Vancouver and the lower mainland.

Even if the house supply now is more than demand it is still not in everyone’s reach.

Families that came here would be forever stuck and work till death do us part scenarios and freedom will only be burst of weekends for the rest of the population here in Vancouver.

Small business self-employed especially the retail sector is very fragile and is hanging on the threads and anytime when rent increase or new tax valuations then the business will surely close down.

The vending machine business is actually a very fortunate small business since I am not tied to rent increases and tax valuations but the main setback is that your have to work 5 to 6 days a week and sometimes your get kicked out of a location since some unscrupulous vending locators steal back your location which was sold to your a couple of years ago.

In the vending machine business here in Vancouver, you have to constantly be alert on several factors:

  • Making sure your locations are happy
  • Keeping customers complains at bay
  • Securing your work van from vandalism
  • Securing you’re vending machine from vandalism
  • Lightning fast to find replacement locations in case your get kicked out
  • Be Prepared to spend $800 in case one of your soda pop machines’ compressor fails

How to Secure Vending Machine Glass From Vandalism Trick

I had a call from 2 locations this year and actually I was very happy with the statistics on the vending machine business. Normally stories from other highly experienced vending machine operators, loosing 1 or 2 locations is a normal occurrence in this business.

I hear even shocking stories from other vendors loosing 3 to 5 locations every year and had to replace it. I guess loosing that much is not worth doing the vending machine business. Better go find a regular job that is more stable!

Always keep your machines’ stocked so your won’t lose sales. The machine practically does most of the job for your! Also, talk to the folks at the establishment where the machines’ can be found or will be located to ascertain how a lot of people will use the machine and what they might love to see in the machines’ together with any complaints or concerns they may have regarding the machines’ already there or machines’ which will be placed there.

You may even offer to allow them to watch your empty the machine and count the money so they can be sure they are receiving their share. When your begin a vending machine business your will see that there’s a comparatively large amount of paperwork involved.

You should understand that if your have involved with the vending machine company, your need to do the maintenance yourself. The vending machine company is about profits as it’s thought to be cost proof.

I lost a location that I held for many many years and they told me as usual to move the machine because they are going to have a renovation on the retail space area. This is the common statement ploy by some locations that do not have much rapport with your as a vendor and a very good excuse to make way for another vendor who stole your location.

I do not have many regrets on this location since I just visit this place every 3 weeks which is actually almost nothing in terms of sales. I moved this combo machine to a location which I visit every week instead.

Loosing and gaining locations for me in my experience makes my business bigger leaner and stronger. But moving and machines’ are always a constant drain on cash and surely a negative lost.

Moving is around $120 for 1 machine here in Vancouver, BC.  How long do you think you will recover the $120? By selling 240 pieces of chips!

This new location is known for people who vandalize anything, but sales is extremely good.

I asked for a quotation on the installation of security steel mesh at the back of the vending machine glass and the technician quoted me $400!!!

This is the story on how I just spend $20 Canadian Dollars on installing a steel wore mesh to protect the vending machine glass in case it gets vandalize.

I bought the wire mesh from The Home Depot for $20 Dollars!

wire mesh for prevention of glass vandalism in vending machine

Above is the wire mesh bought at The Home Depot for under $20 Canadian dollars

A 24″ x 5 ‘ ( feet ) is normally good enough for 1 vending machine application.

STEP 1

The wire mesh is installed from the back glass

wire mesh installed from the back

STEP 2

Use Washers to screw the existing screws on top of the Wire Mesh

washers used to screw it together with the existing screw for the wire mesh

STEP 3 : Carefully follow the original pattern of the Glass and hold everything together with the existing screws

wire mesh on vending machine glass

looks great now

All for this for only $20 plus 1 hour of my time and I was still able to do about 15 locations on that day!

Vending Machines have a tendency to spawn most in towns and populated locations, and not in the center of the wilderness, but there are a few exceptions. They can provide ease and convenience, especially when your are in a rush. Vending machines’ in school premises are rather helpful for students since they provide a wide selection of snacks and healthier drinks.

When your begin a vending machine business, it does not demand a great deal of effort and your may make money easily. When the machine detects that the cash your have deposited is sufficient to buy the desired beverage, it is going to dispense the beverage of your selection. A soda vending machine is just one of the simplest ways of making money from a vending machine enterprise.

The maintenance if your’d like to begin a vending machine company is set at a minimal cost so anyone can easily start this up. If your get the machines’, then your may choose any supplier your wish for the products, but should your lease the machines’, your might be stuck with the company until the conclusion of the lease. Find someone that your may count on to get machines’ and possibly even parts for them should your need them.

Christmas Vacation from Vending Machine Business

christmas vacation from vending machine

Vending machines’ are a really good method to produce an extremely nice second income.

Owning a vending machine isn’t strictly confined to people who have a little company, but if your don’t, then your’re going to have to locate a location to place it. Whether your’re attempting to begin your own vending machine company, or your’re simply attempting to get rid of the demand for two distinct machines’ at work.

There’s no authentic hard work that’s required when the machine is in place, and everything your truly have to do is make certain that it stays stocked and collect the money.

To me vending machine still is the easiest way in a small business operations. Right now I need to take a few days off from vending machine business!

Merry Christmas!

Vending Machine Business Plan Secrets

Vending Machine Business Plan Secrets

vending machine business plan

Details of Vending Machine Business Plan

A number of the leading suppliers in the business include Candy Machines and Smart Vending. In the very first instance specify the simple consideration why you would like to find a vending machine. If your vending machine is put in break space, know the variety of workers that will have access to the machine.

The Little-Known Secrets to Vending Machine Business Plan

It is possible to apply a loss-leader strategy on specific products when you’re comfortable with your clients’ purchasing patterns. Obviously, a substantial number of bulk machines would be necessary to generate a fair quantity of revenue. Vending supply providers, like a cash and carry, sell goods in cases, so if you just have one snack machine and you get an event of chips, unless that business only buys one particular sort of chips then I guarantee your chips will expire before you sell all of them.

Without a suitable business program, you can put yourself up for failure from the beginning. The first few steps have to be completed in order. Therefore, you might want to likewise look at employing an existent business plan template.

Want to Know More About Vending Machine Profit Statistics?

Since a drink vending machine is refrigerated, it has a tendency to be slightly more costly than your ordinary snack machine. Vending machines can be a terrific method to create that sort of profit with minimal work. In Italy, a vending machine is in a position to earn a full pizza in only 3 minutes.

The complete profit that’s created by the snack and vending machine business, typically, every year is over $64 million. A great deal of the food in such machines will be prepared to eat or require reheating, and there’ll frequently be frozen food available too.

When you own a business with machines in many distinct locations, it can be hard to continue to keep tabs on each and every machine’s exact inventory status. If you’re franchising particular products they might not sell even in a high traffic location in the event the target market isn’t suitable. In that instance, you ought to know that it is dependent on what portion of the machine you’re referring to.

The Benefits of Vending Machine Profit Statistics

Generally, your profit isn’t immediately obvious. Your ROI is easily available for future projections of business increase, investment wants, or for tax purposes. Creating a spreadsheet to figure this number is the quickest way so it is possible to try distinctive sales estimates.

Although healthy items have a tendency to be more expensive, this means you experience a chance to make more on the markup. Suggestions were used to determine preferred wholesome choice products, but did not influence the proportion of healthy to less healthy items out there in the machine. Competition is an immense portion of what makes America and Canada the country that it’s today.

Vending Machine Profit Statistics for Dummies

When it is not making you a profit, it still might be an excellent concept, provided that you plan for it. Otherwise, you will need to secure a massive loan to purchase much more equipment if you would like your business to scale up quickly. Naturally, start-up costs are always something to get in mind.

The Most Popular How Much Money Can You Make from a Vending Machine ?

How much money can you make from a vending machine

A Secret Weapon for How Much Money Can You Make from a Vending Machine ?

You’re able to purchase candy or sodas or whatever you want to sell in huge quantities. There are a number of reasons why vending machines are able to help you make a profit in a stable, predictable way.

The Hidden Facts About How Much Money Can You Make from a Vending Machine ?

If you select a bad location for our machine, you will probably wind up losing money. You may also place a web-based online ad. If you set a machine somewhere with a lot of foot traffic but doesn’t have people stay for at least one hour, you won’t be very profitable.

Key Pieces of How Much Money Can You Make from a Vending Machine ?

If you wish to run a vending machine business you will have to negotiate with each enterprise. You may also earn a bundle if you own a lot of Vending Machines. A Vending Machine is quite a very good instance of a passive revenue generator, because the person who owns the Vending Machine doesn’t really have to be present on the Vending Machine to make his money.

Hence, your want to restock every machine at minimum once a month. Machines are usually restocked 1 to 2 times weekly, dependent on demand. Even should you own just ten vending machines, if you set them in quality spots, you can create a profit of $100 per day!

If you have the machine, you’re accountable for repairs, and whether the machines become dated you might drop business to more modern machines. You’re vending machine may require awhile to develop into profitable. Put simply, a HealthyYOU Vending machine delivers every one of the situations you want in a healthy vending machine, and not one of the situations you don’t want.

What Does How Much Money Can You Make from a Vending Machine ? Mean?

When a vending machine operator owns many distinctive machines in several locations, however, the company may generate an important income. For example once it comes to driving from machine to machine, you’ll want to map your route. It is preferable to place your vending machines inside of buildings if you are able to secure the contracts.

The Idiot’s Guide to Is Owning a Vending Machine Profitable? Revealed

The Most Popular Is Owning a Vending Machine Profitable ?

Vending machine profit is normally low. Starting a vending machine company can be among the most exciting opportunities that numerous folks could undertake. Vending machines can be a terrific approach to create that sort of profit with minimal work.

If you wish to begin your own company without much of an effort, you could be interested to understand what are the most profitable vending machines. There are a lot of reasons why vending machines are able to help you make a profit in a stable, predictable way. When determining what things to put in your vending machine, take a look at your prospective consumer.

Choosing Good Is Owning a Vending Machine Profitable ?

A lease also enables you to continue to keep your vending equipment current and requires less money upfront to start selling products. Whether you opt to purchase new or used, select the machines which most meet your requirements and your startup budget. You’re strongly advised to learn about the machines yourself so that it is possible to intervene in emergencies rather than waiting for the contractor to get there.

The Importance of Is Owning a Vending Machine Profitable ?

Vending machine is turning into a hot topic since it is simple to operate, less time-consuming and doesn’t require any labor, only maintenance required after some moment. If your vending machine is put in break space, know the range of workers that will have access to the machine.

When you have found success with a couple of locations, roll over a number of the profits into buying different machines. Purchasing a successful vending machine route will be pricey, likely costing several situations the route’s yearly income. The machines start making you money from the very first sale as soon as they are set on location.

Top Where Can I Put My Vending Machine ? Tips!

Where can I put my vending machine

Apparently, a substantial number of bulk machines would be required to generate a fair quantity of revenue. You only restock and empty the amount from the coin box on a normal basis that’s it! If you’re thinking about purchasing a used machine, see how much the newer version of the identical machine expenses.

Make sure there’s an electric outlet in which you need to set your machine. Nonetheless, if you must move a vending machine without professional support, then it’s still possible to tackle that seemingly mammoth task so long as The vending machine moving process isn’t overly complicated but you have to adhere to some simple safety rules to keep things running smoothly from beginning to end.

The very first step to getting vending services is to determine what you desire. If your vending machine is in a business break space, survey a sector of the staff to discover what they like. In case the vending machines aren’t on the appropriate refill schedule for the summer, a lot of the calendar year’s revenue is going to be lost.

Up in Arms About Where Can I Put My Vending Machine ??

The item info in the site was to the point and it made it quite easy to make our choice. One of the greatest methods to locate a quality vending machine locator service is to ask different members of the industry which ones they’ve used successfully before. So in the event the machine isn’t performing well in the first few months, your likelihood of succeeding with that location aren’t excellent.

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12 reasons why vending machines should have alarms

12 reasons why vending machines should have alarms

spy camera

If you are placing vending machines, you are doing a great investment to secure a better financial future. In the meantime, you need to take a look at few other important aspects as well.

Vending machine alarms hold a prominent place out of them.

Here is a list of 12 reasons why you need to think about getting alarms for the vending machines that you install.

1. You can protect the vending machine from intruders

thieves

The most obvious benefit that you can get from vending machine alarms is that you can deliver enhanced protection to it from intruders.

You will be able to get a notification when somebody is trying to access your vending machine. This can help you to take appropriate actions in a timely manner. On the other hand, person who is trying to access the vending machine will also get a warning. Hence, you can keep the vending machine safe and sound in place.

2. You can protect the vending machine from fires

The vending machine alarms will also provide enhanced protection to the machine against fires. A fire in the environment can create a massive impact on your vending machine.

However, alarms can get triggered in case of a fire and it can allow you to take immediate action to ensure protection. You will be able to proceed with it accordingly.

3. You will be provided with peace of mind

You don’t need to worry about anything after you get the vending machine alarms fixed. That’s because you will know that your vending machines are installed in place and they remain safe without any obstructions. You don’t need to keep on worrying about their condition, or even pay visits to check how they are doing. This can make the life much easy for you.

4. You can protect the valuables

You have lots of valuables stored inside the vending machine. Hence, you will come across the need to provide enhanced protection to what you have inside. This is where vending machine alarms would come into your play. After getting the vending machine alarm system fixed, you don’t need to worry about any issues and you will be able to provide utmost protection to them at all times.

5. You can have someone to protect your vending machine

It is like there is a security 24/7 on your vending machine.

With all the busy schedule you have, you cannot go through the hassle of protecting your vending machine as well. That’s where a vending machine alarm system will be able to help you with. You will never have to experience any nerve wrecking situations because you know that there is someone to protect your vending machine at all times.

6. You can save on insurance

I myself have a monthly insurance fee on one of the prime high security place which is the requirement of the location. Otherwise, it is best to avoid expensive insurance fee by installing an alarm instead which is a one time expense.

Vending machine insurance can be quite expensive. It may even consume a considerable percentage of the profits that you make out of vending machine. Hence, you will come across the need to reduce the money that you are spending on vending machine insurance as well. A vending machine alarm system can deliver much-needed assistance to you with saving money.

7. You can keep an eye on the vending machine remotely

Technology is now developed in order to help you monitor the vending machine remotely. All you have to do is to get your hands on a comprehensive vending machine alarm system. Then you will be able to receive assistance with monitoring the vending machine remotely. This can help you to save some expensive trips to see the condition of vending machine on a regular basis.

8. You don’t have to spend a fortune for it

Getting a vending machine alarm system installed is not an expensive thing to do. You will be able to save lots of money on the vending machine alarm system. It can also deliver a range of impressive benefits to you. You will be able to keep on saving lots of money with the help of it in the future. Therefore, you can consider the amount you spend as an excellent investment.

9. You can provide 24/7 protection to the vending machine

The vending machine alarm system you install would function throughout 24 hours of the day. Therefore, you will be able to provide 24 hour protection to your vending machine with the help of it. It is the most practical and convenient method available for you to provide 24/7 protection to the vending machine as well.

10. They will not break

The vending machine alarm systems are designed to deliver a robust operation to you at all times. Therefore, you will be able to rely on data captured by the vending machine alarm system at all times. They will never provide you with faulty alarms as well. The level of reliability that you can get from them is extremely high.

11. You can ensure the functionality of the vending machine

If the vending machine is not functioning properly, you will not be able to make any profits out of it. The vending machine alarm system will be able to provide you with a basic understanding about the functionality as well. Therefore, you can use it as an indication to ensure proper functionality of the vending machine and ensure that it is generating profits.

12. It is a must

spy camera

Last but not least, you need to consider that it is a must to go ahead and get a vending machine alarm system installed. You should opt for it and you will be impressed with the long term returns that are provided to you.

Now you are aware of all the great reasons available for you to invest your money on a vending machine alarm system. Simply go ahead and go for this investment and it can deliver outstanding results to you in the long run.

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6 Ways on Solving Problem When Vending Machine Eats Money

6 Ways on Solving Problem When Vending Machine Eats Money

healthy max machine with coin that got jammed inside the coin mech

You are in a rush to work or almost missing a class and you are thirsty or hungry.

Then a vending machine appears in front of you and you feel the luckiest man.

But something might happen right away.

From time to time, the vending machine steals your money, without giving you back the things you wanted.

You fill yourself with anger and think about to shake the vending machine and to a point even smashing it out of spontaneous rage!

Recently after a long time without any problems with my vending machines, I was on a vacation and was surprised when this vending machine was smashed in a reputable warehouse facility.

Most of the time, people consider this an option. We all want our money back because nobody’s paying for nothing. But what if it’s not working?

Those are some of the common questions in this case.

#1 – Why vending machines are not giving you the change and what to do?

Sometimes when you buy something from a vending machine, it can happen to not get your change back. Even if you already received the things you wanted from it.

Most of the coins or bills are filthy.

It was a teenagers’ trend to put chewing gum or duct tape on the money and try to take it back.

It was about getting something without paying for it.

But this trick is not working, only in movies.

When the vending machine is not giving you any change, even if you pushed that button over and over again, you have to call a repairman.

Usually, the number of the repairman is written just below the hole where to insert the money.

my phone number in case there is a problem on the vending machine

#2 – I paid with my credit card and the vending machine charged me twice. What to do?

If you look at your card statement after you paid with it at some vending machine, you will see that it charged you twice. It happens because the vending machine company didn’t accept the payment yet.

It takes a while for them to accept it, and it could happen even after 1-2 days.

The other amount is a temporary hold. It is like a guarantee for them that if you spend all the money from your card, they will still get the balance.

Don’t worry, after the payment is made, you will get your hold immediately.

#3 – How to get a snack unstuck from a vending machine?

The shaking is not an option. And there are more easy ways to do it than moving, punching or kicking.

The hole from where a snack would fall has a flap that prevents the snack or a soda to break on the floor. Simply, you just have to push it and let the flap snap back down.

Because of the physics theories, in this way, the flap moves the air from the vending machine and makes your snack fall on its own.

If this way is not working too, the only option is to call the company. But this process can take very long, and your snack will remain stuck.

#4 – The vending machine is broken and took my money. What to do?

The most important thing to remember is, as I said, to not move the vending machine. Because of its size and weight, it can cause you damage if it falls on to you.

The first thing to do is to call the number that is written on the machine.

The assistance for the particular company will ask you for some details and probably it will help you repair it. If the problem is much bigger, they will call somebody for maintenance.

But, again, this can take a while and maybe you are in a rush to work. In this case, most of the vending machine companies are giving a refund on your card statement. If you are lucky enough, you can get an extra dollar and some apologies for the trouble.

#5 – What if there’s no phone number written on the vending machine?

In this case, you have to look up for the manager of the property. Usually, vending machines are placed on big and crowded properties, such as malls, supermarkets, Universities, etc.

The property manager will solve the problem and maybe give you a refund. But it takes a while to find the offices of the property.

Most commonly, those vending machines are from Pepsi or Cola and surely you will find contact details on them. If the vending machine is placed at the subway or on a bus station and doesn’t have any number or email on them, then it’s the property of the City Hall.

In this case, you have to enter the City Hall’s website and search for their e-mail. It’s best not to call because, most of the time, the secretary is busy. And the e-mail shouldn’t be filled with so much anger.

Be careful. Some of the vending machines are broken of its own free will. So the property can illegally steal your money. If you think something’s up, it’s time to involve the police too.

#6 – Why should I call for maintenance?

Even if it’s a dollar or two, you surely want your money back. And if somebody is coming to fix the vending machine, it will help to prevent the same thing happening to somebody else. Sometimes, the malfunction of a vending machine is because of people who don’t know how to use it. There are people not knowing how to introduce the coins properly, and so it breaks. Most of the problems require experienced men to fix it.

As people, if something like this happens, we surely act with anger. We don’t have time to wait for things to be fixed, and we want our money back right away.

In some cases, it’s not our fault for the problems a vending machine has. A vending machine needs to be cleaned properly for the money to not stuck in between.

And in this case, is the property to be blamed. The hint I’m giving you is to take your money back in every way. It is a way to warn the property that something is wrong. And either they fix it or change it with a new one, it prevents happening over and over again.

Vending In Summer Season

downtown

When It comes to vending business during summer you have to make sure that everything is on top of things.

I was recently busy with some relatives coming over and have to entertain here in Vancouver, BC

There is always danger lurking when in locations even when there are high traffic office people walking around.

While I was unloading some pop at the back of the Van, I left the mid door open because I have to consolidate everything into the bin for delivery.

Suddenly there was a man standing and staring at the middle part of my van. I just offered him a snack and a pop. He said that he will not rob me of my stuff without me telling accusing him of anything. He was muttering to himself “I think I should have stayed home”. After I few seconds I saw him standing in another truck staring at the people talking and was looking that they are unloading.

thief wannabe

close up of observer

It would be nice that you always to be gloves when doing the vending business.

Mine was running out and I opened another box of gloves which was white and one person commented Michael Jackson.

michael jackson gloves

You know that when in summer there are some local residents and some tourists are trying the luck of their local currency will work on the vending machines.

If there is a coin jam, chances are that there will surely be a coin that has a wider diameter or a thicker composition would surely jam the coin mechanism.

Frequent inspection and visits to your busy locations and some unnecessary calls will disrupt your regular vending machine schedule.

There are some culprits that cause my time and loss of sales when the vending machine is jammed and not working.

coins that jammed my vending machine

coins that jammed my vending machine

Truly Vancouver, BC is diverse with the coins that I was able to collect above.

I went to a location in the east side part of town where the previous snack vending machine was vandalized and I swapped it to a POP Machine and I was not surprised when the pop machine is out of order again. Someone was trying to put some slugs into the machine and trying to see if it will work out?

out of order again pop machine

pop machine out of order

It was nice sometimes if vendors could just get away for another micro-vacation.

This time was I was in the extreme southern part of the united states in Arizona. The weather there was similar to the Philippines but it was very dry and hot. Actually, the best part is that there was no traffic and very clean. No one seems to be on the streets in the part of the neighborhood and their air con has to be very efficient with all establishments and houses centralized air con.

We are considered lucky here in Vancouver, BC to have natural air conditioner even if it is summertime.

I guess there are more heroes in action in the US since there are allotted parking for the wounded beside the disabled car parking in some business establishment in Arizona.

parking for wounded soldiers in arizona

parking for wounded soldiers in arizona

This is not related to vending but I just wanted to say that I’m still working when I was down in the south since I was trying to some help with acquaintances in some related issues concerning the proper placement of things in a way to produce the best energy and healing – feng shui.

Feng Shui can cure health-related illness and can create harmony and bring desired health, wealth and happiness.

feng shui master

It is a hobby of mine that I took some courses related to Chinese metaphysics in Singapore and Malaysia when I was still in the Philippines and I have actually helped hundreds of people in consultations.

feng shui certificate

My business in the Philippines was related to computers, office supplies, ink and toner refilling services, and Feng Shui was my hobby which I was very attracted and had some passion until the present.

Right here in Vancouver, BC I’m just concentrated in doing the Vending Machine Business.

As a tourist in Arizona, I always visit the central museums which always amused me. I guess that goes for everyone when visiting unfamiliar grounds.

arizona museum

arizona museum entrance

When I was back in Vancouver, BC there was a location in a community center and one of the machines are out of order. I noticed that was 2002 Half Dollar Jammed inside the coin mechanism.

Is this a sign that I needed to consider down south in the United States? 🙂 🙂

Pop machines are always empty down there.

It is actually a very good idea when doing business in the south since everything is cheaper compared to Vancouver, BC. Insurance, townhouse, gasoline I guess everyone knows that.

half dollar coin

half dollar coin

If you come to think about it, the vending machine business is actually a very portable and mobile business. You can sell it to anyone without much support and training. This is one of the businesses that you can actually hand it over and the next person can run the business generating revenues.

This small business is relatively easy to operate and sell. The biggest hurdle is that you naturally have to be in Red Bull Mode or Monster Mode when doing the vending machine business.

I could never imagine handling so many machines mostly without hiring extra help. I heard many horror stories relating to stealing and problems when someone else is running your business since it is an almost cash business ( some credits card transactions ).

My point is that during summer when your sales are up there are more problems but most of them are minor.

According to my many summer seasons running the vending business here in Vancouver are the following:

  • Empty Pop Machines
  • Coin Mechanism Jams

It would be a good time to clean pop machine compressors and always check the coin mech whenever you are doing your rounds during summer.