looking to start a vending machine biz

[LBSer]

hi lizzy! thanks for the info. i actually plan on buying an established route already. u know, owners that are going out of biz or retiring. i actually found a few on craigslist. maybe i will settle for this guy who sells his one soda machine located at a factory/warehouse for $500 he said the machine needs minor repairs but is still functional without fixing it. i ask him why he was selling it he said it became slow coz of the lay offs. and that the gross monthly is $150.

[Relaxed]

I was just laid off from my FT job. I only have $3K to invest into a small business but I'm looking for something that I can make a profit from. I have no idea what kind of business that I want to start but I need to generate income real soon. I've seen several business for sale but I'm new to being a new owner so I dont want to make a bad business decision. Due to this economy I cant afford to lose my $3k. Does anyone have any ideas of what type of business that I can start with very little funds? By the way I live in Northwest Georgia

[stepside454]

I repair vending machines for a living. I am self employed. the vending business isnt what it was 15-20 years ago. lots of greedy whores have really ruined the business. good equipment is expensive, new machines arent nearly as good as ones from 10-15 years ago. If I can help with any questions let me know

[usmcmotort]

When you buy vending machines, how do you inplant them at a particular location. Must you get authorization from lets say the Mall, or a particular street?

Also, Do you some kind of license to do this?

[stepside454]

you have to talk to the person at the location , find out if they already use a vending service or not. You cant just haul your equipment into a location & start servicing it. As far as license goes, the only required in this area is vending permits or license for each machine for each municipality, depending on the local laws.

[vending queen]

hello everyone I'm a new kid and would like to know if anyone knows of a used vending machine company that will pick up and drop off equipment

[vending queen]

hello every one I'm new and would like to start a vending buz as well any advise. Also does anyone know who will pick and deliver vending machines. I have one location where I have non function machine and I would like to donate and be done with it. PLEASE HELP quick

[vending queen]

Hi relaxed I like vending because I can set my hours and keep my 7-3 so you can put 1or 2 machines generate some income while you like for a new job or make it your own biz.

[vending queen]

Originally Posted by Relaxed

I was just laid off from my FT job. I only have $3K to invest into a small business but I'm looking for something that I can make a profit from. I have no idea what kind of business that I want to start but I need to generate income real soon. I've seen several business for sale but I'm new to being a new owner so I dont want to make a bad business decision. Due to this economy I cant afford to lose my $3k. Does anyone have any ideas of what type of business that I can start with very little funds? By the way I live in Northwest Georgia

Ok, once again I vending because I can sey my own hours as well as keep my 7-3 . You put in a couple of machines and let them work while you look for a new J O B or just make it your own biz.

[UpperPeninsulaRon]

Originally Posted by LBSer

i have looked at craigslists and found 2 choices:


two: sells for $20000 31 machines and they are already "well established" on their location accdg to seller gross income is $42000 for year 2008.

Let's take a look at the first year income statement for option two. I assume what you call gross income is revenue.

ABC Vending Corporation

Revenues 40,000
Cost of Goods Sold 28,000 (assume 70%)
Gross Profit 12,000

less operating expenses
Loan payment on equipment 6,000
Vehicle expenses incl depn (.55/mile) 11,000
Owners salary ZERO
Business insurance 1,000
Telephone 900
Computer expense 900
Many other expenses ?

Net Income/(Loss) Before Taxes $(7,800)


Think about this very long and hard.