WATCH This Video BEFORE Buying A VENDING Machine Business...

Vending machines are a fantastic way to earn passive income! They are low maintenance and earn capital simply from their location. To make a profitable vending business, there is a standard operating procedure you should follow when getting started. From Vetted Biz, we will review the costs and how to start a vending machine business.

This video was based on an exclusive Vetted Biz analysis, click here for the full report:
https://www.vettedbiz.com/vending-mac...

Want to have a franchise specialist support you day-to-day in your franchise search/ analysis? Click here for more information:
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00:00 Introduction
00:23 About Vending Machines
00:54 Vending Machine Estimated Cost
01:05 Vending Machines Operators
02:04 Location is KEY
02:25 Start-up Costs
02:45 Vending Machine Business Opportunities
04:41 Vending Machine Revenues
05:16 A Competitive Industry
05:48 Conclusion

#VendingMachineBusiness #VettedBiz

You can expect a vending machine to cost anywhere from a few hundred to over ten thousand dollars. It all depends on its size, functionality, and services. It is important to understand all the operating costs associated with a vending business.

You need to structure a budget to ensure that the revenue outweighs your costs. This way you can be profitable! Furthermore, whenever installing a vending machine you are going to need to test different price points. Never change more than one price at a time so you can experiment with what prices work best collectively. Smart vending machines today can do a lot of this work for you.

It is also important to scout various locations before installing a vending machine. You need to analyze both the costs of each location against expected revenue. This way you can evaluate the best location for your machine. Some vending companies that sell or franchise machines will even do this for you! Below find an infographic of the most common types of locations for vending machines.

Finally, you will need to register as an LLC as well as collect a vending license.

Healthy You Vending provides healthy alternatives to traditional vending.

All operators can choose from over 2,500 different products at wholesale prices. When opening your first vending location all potential owners are required to attend a two-day education seminar to learn how to operate their machines. The brand also offers life coaching support to assist all operators.

There is only a one-time initial cost without any ongoing fees. That means there are no royalty or marketing fees associated with opening a Healthy You vending machine! Furthermore, owners are able to operate the locations firsthand or have a hands-off approach. Healthy You Vending has been incredibly successful and in 2018 there were almost 760,000 machines across the U.S.

Naturals2GO is similar to Healthy You as it also provides Healthy Vending alternatives. Health2GO does not require that you purchase items from them directly, but has conducted extensive research to offer what they view are the 10,000 best items to choose from.

Healthy 2GO helps all new operators find the best locations in their local area and provides extensive training and coaching to operate these machines. Naturals2Go offers help securing financing to be able to overcome any barrier when first getting started. Healthy2Go also includes software to help optimize your vending machines to be able to maximize profits.

They recognize that just because you are able to purchase a machine does not necessarily mean you will be successful on your own. They aim to help all entrepreneurs and have even built a community for all owners to help each other. Naturals2Go also does not charge a royalty or any ongoing fee but offers all the benefits of a franchise business.

Clothes Bin is a textile recycling company that allows entrepreneurs to collect throw-away materials and be able to earn a profit from this free resource. Bins are strategically placed in high-traffic areas such as schools, shopping centers, gas stations, and even business parking lots.

All the materials you are able to collect are sold in bulk. These customers vary between regional, national, and international wholesalers or even small local businesses. When initially starting up you are required to open a minimum of 20 locations in a territory that is able to handle up to 60 bins.

To become a franchisee you can expect to pay between $129,270 to $186,295. All candidates must have a minimum net worth of at least $300,000. Clothes Bin also includes smart technology known as Blip which alerts you anytime a bin is close to being full.

This video was based on an exclusive Vetted Biz analysis, click here for the full report:
https://www.vettedbiz.com/vending-mac...

Want to have a franchise specialist support you day-to-day in your franchise search/ analysis? Click here for more information:
https://www.vettedbiz.com/franchise-s...