If you want to start your own business without much of an effort, you might be interested to know what are the most profitable vending machines.
Have many times you have been waiting at the lobbies of hospitals, schools, companies or any other location, while at the same time being hungry or thirsty? For those type of situations, vending machines are saviors! You can basically find them anywhere and nowadays its products’ offer is getting more diverse as well. So, if you plan to get into vending machines business, some of the questions that certainly will pop up are: how much money does a vending machine make and are they a good investment?
Even though vending machines are an example of passive income, there are however several factors that you must consider when buying one. First is a type of products, and second is machine type and lastly where it will be placed. Of course, start-up costs are always something to have in mind. According to Biz Fluent, drink machines in high-traffic areas can bring in about $250 in a single day, while snack machines can gross figure about $500 also for one day. Sounds pretty profitable!
Vending machines can cost from $120 up to $3000 or more, depending on the quality, type and brand. Among the best ones are Grabbit, USI or Crane according to some sources. And of course, don’t forget the location, as it’s one of the most important aspects. For that, you can hire one of the vending machines locator services, to help you choose the best spot. Speaking of location, offices and businesses looking for vending machines are probably the best options. In any case, you can also rent one. How much does it cost to rent it, you may wonder? On average, you can expect to pay from $10 to $20 per week, but as above mentioned, it depends again on many factors. According to the vending machine profit statistics, revenue generated by the snack and vending machine industry in 2016 in the US was $73,320,000, which in translation means that the average annual amount spent per capita at vending machines is $27. So this answers our second question — are they a good investment. So, the next question is: how to get into the vending machine business?
The answer is easy; you just need to know which one to buy! When it comes to the type of the product, drinks and food are always the most secure choice. Once you have a look at the 10 Most Popular Vending Machines Drinks, you will see why. But there are many others as well. Maybe you will choose based on how much money does a vending machine hold. In that case, you should know that it depends on what part of the machine you are referring to. The coin mechanism which accepts coins typically has the capacity to hold $2-$3 or $40-$60. On the other hand, there are some coin mechs that have extended capacity and can hold over $5 or 100+ nickels.
Even though we are aware that we are no a vending machine profit calculator, we will try our best. We made a list in order to help you decide which one to take, so no worries. We checked out which products are mostly sold from the vending machines, on the various sources such as the Vend Soft, Vending-Business Information, Hub Pages, Tubz Vending Franchise, Gumball, Forbes, among many others. According to the most repeated suggestions we made a list of machines, taking into account its prices, estimated earnings, innovation, and their possible locations. So, voila! You have in front of you the most profitable vending machines! If any other profitable business interest you, we suggest you have a look at 15 Most Profitable Organic Crops in America.
11. Cosmetics Vending Machine
This one was especially interesting as it is very creative and innovative idea. We put it on our list, as in the lack of these types of machine, they can be very profitable. Moreover, there are not many women who don’t like makeup!