
The primary goal for vending machine operators is to make a profit, otherwise, why make the investment. In any business, making smart decisions assures a stronger bottomline. Understanding costs is key to making wise vending machine investments.
Breaking down investment costs allows operators to make decisions that best suit goals, budget and long term investment. The initial setup includes the price of the machine and the goods, location fees, and maintenance.
— For a new vendor: Purchase price of $3,000 – $10,000 and placement cost of $150 -$200
— For older vendor and upgrade: Purchase price of $1,500 – $2,500 and placement cost of $150 – $200
— For upgrade only: Includes cost of upgrading payment devices if needed $400 – $2,000
Stocking inventory averages between $500 – $1000 and maintenance typically runs 5-10% of gross sales across all of the above options.
Investing in an older machine requiring modern upgrades can be your best choice. Upgrades kits are affordable, available and easy to install. By upgrading an older machine, you not only improve the overall experience for your customers but also boost your revenue potential.
