Jasmine
VIP Contributor
Vending machine business has a success rate of 90 percent. Interestingly, vending machine business does not need any marketing and you don’t need any staff to maintain it, all you need to do is keep the machine in a busy marketplace. The machine will operate 24 X 7.
The business runs in cash, therefore, cash flow is immediate, you do not have to sell for credit. Even if you financed your business through a bank loan, you can collect money from your vending machine everyday and pay your loan.
How much money do you need?
If you buy refurbished machines, you can get one vending machine for $1,200- $3,000.A new machine can cost anywhere between $3000 and $10,000.
You also need to pay location rents, which depends on the location where you are installing the machines. If the location is a private property, you can make a deal with the owner, and if the place where you want to put the machine is public property, you will have to get permit from local authorities.
The business runs in cash, therefore, cash flow is immediate, you do not have to sell for credit. Even if you financed your business through a bank loan, you can collect money from your vending machine everyday and pay your loan.
How much money do you need?
If you buy refurbished machines, you can get one vending machine for $1,200- $3,000.A new machine can cost anywhere between $3000 and $10,000.
You also need to pay location rents, which depends on the location where you are installing the machines. If the location is a private property, you can make a deal with the owner, and if the place where you want to put the machine is public property, you will have to get permit from local authorities.
