Hate to say this, but if they wanted to do business with you they would call you. It's easier to tell someone maybe than no (for some folks) or they are using you to get a better deal from some one else. Either way you have nothing to lose by bugging them. Get in their face and get an answer!

Regards,

Philo

I just brought my first machine (3 triple head) from XYZ vending. I just wanted to know how many pounds does it take to full one head, and what is a standard basic formula track profit from each head.

I usually fill each section with 2 bags or about 6 lbs. I use a cost of goods sold of 30% or 7.5 cents per vend when calculation profits.

Regards,

Philo

Your math is already wrong. Let’s make it easier to understand and get rid of figures like pie.

Let’s say we are talking a square gumball. You have one that is 1 this would calculate to be 1 cubic inch

Now lets get a 2" square gumball and you would have 8 cubic inches. See how this changes stuff.

So there for the 2" area is 8 times larger then the 1" area. Point is your not even giving them half the gumball with the 1/2 inch when you compare it to the 1".

We could bring pie into the calculations but I figured squares would be easier to understand.

I would also like to mention though that the human mind doesn't always think this way. If someone walks up to a vending machine that gives two 1/2" and then the machine next to it gives 1 1" they will probably think the 2 is the better deal. So don't let my math get you down and think you are not giving your customers what they paid for. I just wonted point out what I saw was a mistake. I make them also my math is much better then my spelling.

OF COURSE I AM PERFECT ON EVERYTHING ELSE HE HE HE HE HE

What you are not taking into account is that you will probably sell $5-$10 worth of gumballs per machine per month. Which means that 1) you will be 106 years old by the time you run out of gumballs or 2) you will end up losing a lot of gumballs as they tend to go stale after a couple of years.

Best of luck,

Philo

PS- most of us are able to buy 850 count, 20 lb. boxes from Sam's for about $16, no shipping. Helps on the margins a bit.

Something dosen't sound right. If the drink machines are really doing $4400 a month he should be able to get his $15000 cash from an existing vending company. That is a decent return. I would think differently if it was a private vendor (not a bizop).

What kind of machines? How old are they?

JD

There is a company online called Discount Vending Supply, but they are not the same company, so be carefull there. The rub might definietly be if they are looking to unload old machines that might need serious work or are losing the locations. Good luck.

Philo

Yes you still have to file an income tax return and report your earnings. You do not however have to collect and pay sales tax on the product you sell.

Steve

In Michigan you have to file a sales tax form no matter. So On the form you would have to list your total candy sales and then list them on the next line as exempt, for a total sales tax owed as zero. You do however, have to pay sales tax on the equipment (vending machines) that you purchased!

Regards,

Philo