Jump to content

Close

VetTechJess

Member Since 27 Aug 2007
Offline Last Active Nov 01 2011 10:31 AM
-----

Topics I've Started

restaurant bulk vending machine policy?

12 March 2008 - 08:26 AM

Where can I find a particular restaurant's policy for allowing bulk vending machines in their place of business? I am looking to find texas road house and others like it so I may have the chance to place my machines there...

A Quick Question Please......

25 February 2008 - 01:36 PM

Can someone please answer me this Question:

How many .62 inch gumballs should be vended per 25 cent vend? One, Two,...?

Please give an exact number...

Thanks...

Am I doing my cost calculations wrong?!?!

23 February 2008 - 06:56 PM

I am going into the bulk vending business using just ½ inch gumballs (8,500 ct is what I keep finding). The reason I am going with ½ inch is because the machines I have don't accept 1 inch gumballs.

I figured I would have my machines set to give two ½ inch gumballs per 25 cent vend, which is in essence, like giving one 1 inch gumball per 25 cent vend.

Now for the math:

For the regular 1 inch gumballs (850 ct) you buy it for say, $41 (including shipping, quoted at gumballs.com) and sell each gumball for 25 cents, your profit margins are high and the formula is as follows:

850 gumballs X .25 cents per gumball = $212.50 - $41 product cost = 171.50 per case initial (before taxes) profit.

With that in mind, I attempt to figure out the total profit per case with my 8500 ct ½ inch gumballs:

keep in mind the cost per case is $51 as quoted by gumballs.com... Each case of 8500 ct gumballs is 23 lbs.

seeing how I am going to vend [2] half inch gumballs per vend, I divide the initial 8500 by 2 and then multiply by .25:

8500 ct gumballs / 2 = 4250 gumballs

4250 gumballs X .25 cents per vend = $1,062.5 - $51 product cost per case = $1,011.5 profit per case before taxes

If I have 60 machines and each machine holds approx 12 lbs of product then do I really get my money's worth on this or will the cost per case be too much to bear??

12 lbs of product per machine X 60 machines = 720 lbs total...

720 lbs / 23 lbs per case = 31.30 cases (round up to 32 cases)

32 cases X $51 per case (with quantity discount) = $1,632 cost for product for all my machines


Here's the part that I am questioning, so please correct me if I am wrong:

If I get $1,011.5 profit before taxes per case, then how can I get this number?:

$1,011.5 X 60 = $60,690 from all my gumball sales?!?!

Surely I must be miscalculating somewhere! Because the most each of my machines can hold money wise is $60 each, which if I multiplied by 60 machines would only give me $3,600.

SOMETHING IS NOT ADDING UP!!!

PLEASE HELP!!

BEST BULK CANDY PRICES?!?!

18 February 2008 - 01:52 PM

I am new to vending. I plan to buy about two machines at a time and slowly build. I plan to use the top shot vending tabletop machine for my business.

I recently looked at prices for candy and they are astronomical! Maybe I am wrong but is it too expensive to want $100 for around 23lbs of candy when each machine can hold about 12 lbs of candy each?!?!?!

Can someone give me some advice on where to go for the best candy prices?!?! I think ahead here!

Thanks,

Captive Audiences....

23 November 2007 - 04:24 PM

I had an epiphany the other day about where I would locate my machines when I get them....and I was thinking in places where captive audiences are....specifically high salary/hourly paying captive audiences are...anyone with experiences in that area in which you did that? what were your profits per month per machine??

Just to clarify....what I think of as highly paid captive audiences would be places such as:

Hospitals. NOT JUST ANYWHERE!! gotta target another audience---THE HOSPITAL STAFF!!!

GOLDMINE locations may include:

Nurses Stations (theres usually one or more per hallway in some hospitals...and with hospitals atleast having 3 floors, you do the math...theyre operated 24 hours a day by nurses amd doctors whose salary ranges make them well off.....) for those of you who think it may be against the rules to put them in these locations: you don't know whether or not it is allowed as a location unless you simply ASK... (I know you have at one point in time seen a nurse eating or drinking at her station...regardless of whether or not it was allowed....)

doctors and nurses are there 24/7/365 and they hafta get the munchies occasionally--if not all the time!

doctors suites...

If you have ever been to a hospital--youll notice some hospitals have areas where doctors offices rent space for their specialty. I know this because my neurologist is in a hospital--in her own suite--where she rents and controls everything that goes on in the place she rents--INCLUDING THE DECOR!

I was thinking of placing my 1800 vending triple vend machines (one per office, and nurses station, etc..) in places such as those. You know those staff members of the doctors offices are usually stuck there all but maybe an hour a day--(maybe not even an hour!)

the best part about it is given the locations of the nurses stations and the doctors suites(in the middle of nowhere, usually extremely far from the nearest breakroom or cafeteria, depending on location...), it makes it somewhat difficult for the staff members there to break away for lunch, snack, etc...being busy all the time.....makes the bulk vending machine more appealing if you get my drift....

here is how I got to my epiphany....

Theres another vending machine company out there called gold star vending... their website is http://www.topshot.biz/ ...they have a vending machine that sits on the table of the customers being in constant view of the customers the entire mealtime...saying that what would be better--to have a vending machine seen for only a few seconds as a customer walks by, or have it in front of them the entire time theyre eating....well the average eating time is about 30 minutes (im guessing here, so please cut me some slack :blink:...)

with that in mind and the fact the average hospital doctors suite is open 8+ hours, with the nurses stations being open 24/7/365....I ask another question.....

***what is better: having your machine seen for only 30 minutes(as in gold star vending), having your machine seen for only a few seconds as the customer walks by (as in the typical vending machine scenario in a restaurant lobby or what have you) or having your machine be seen by hungry stuck at their places hospital staff members for a minimum of 8 hours a day, with 24 hours per day if its a nurses station.....?"***

no wonder most profits for bulk vending suck with a measly $30 per month per machine....with the machine only seen for a few seconds as the customer walks by, I am surprised its that much...(now it may be more or less depending on location...but this guess of $30 per machine is just for the sake of argument.. :wub: .....)

it just makes me wonder: what would your profit margins be per month if you had your machine in these locations??

ANYONE HAVE ANY ADVICE ON THIS OR PERSONAL EXPERIENCE WITH THESE LOCATIONS?!?!