Putting a solid number on how much someone can make on a vending machine is next to impossible as every location is different with both demographic, regional and competitive influences. For instance sales can be negatively impacted if there are many fast food or convenient stores nearby. Also, your blue collar worker is more willing to spend money on vending products that white collar on average (about 2 to 1). The general rule is you can expect $2.00 per week per white collar employee and $4.00 per week per blue collar employee as an average. It is this reason alone not to immediately invest in a lot of machines right off the bat. Take a handful and every week or month depending on the use of the machine, track the numbers to see what the performance is. If you have a low performing unit, simply move to another. There is no sense, especially in the beginning when revenues are low to tie up a large investment for an account that can cover costs. Your time will be better off with fewer, higher income vending machines rather than more, lower performing ones.
The best locations will tend to be businesses that have lots of employees. Typically, blue collar workers eat more than white collar while women eat the least. At most businesses, blue collar workers often don't leave for lunch so their meal comes from the vending machines.
Many vending operators set a threshold of $100 per week per unit for their machine to generate, otherwise the machine gets moved to a new location. Others have a ratio and calculate their minimum required income. For example some will require 10% of their investment to be the monthly sales. So for every $1,000 on equipment they require $100 in monthly sales. This method removes the arbitrary minimum per week (this number really can only come from experience) and factors in the amount of investment in vending equipment so you know whether you are getting a positive return on investment. If you can make the same amount but spend $750 on a refurbished vending machine versus $3,500 on a new one, guess which one will be more profitable?
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Schale
Member Since 08 Oct 2010Offline Last Active Feb 17 2011 09:46 AM


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