There are certain pros and cons of buying a vending machine business, no matter what machines you buy. For example, electronic machines are profitable but they break down frequently.

Identification

The success of your vending machine business is highly contingent upon your locations. There will be lots of competition for the best locations, which is one disadvantage of buying a vending machine business. However, there are plenty of businesses within a 15- or- 20-mile radius to locate your machines. Also, businesses and office complexes open every day. Thus, you can still locate your machines in car dealerships, auto parts outlets and tattoo parlors. The major of advantage of a vending machine business is that you can make money without being present at the locations.

Types of Products

Another advantage of buying a vending business is that you can ask owners and customers what snacks and drinks they like. For example, auto repair people may like to buy chips for their lunch each day. Contrarily, people and customers at a car dealership may prefer candy. A disadvantage of satisfying everyone's request is that you will need to keep track of people's preferences. It can be hard to coordinate a daily route with a variety of requests. Consequently, you will need to carry a larger variety of product with you.

Function

Vending machines business are a simple business to operate. Anyone with self-motivation and drive can operate a vending machine business. The owner just needs to remove money from the coin slot and keep the products stocked regularly. However, vending machine owners spend lots of time walking around and carrying products. Soda cases can get heavy during the course of a day, despite using a two-wheeler. Therefore, one disadvantage of owning a vending route is that you will need to be in good physical shape or the job may be too much. The physical demands of the job can also be an advantage for those who like exercise. You can burn calories as you work.

Effects

Another advantage of owning vending machines is that you can meet people as you work, according to the website A Touch Of Business. You can also fit your route into your schedule. For example, you can work late morning and early afternoon if you want to avoid rush hour. A disadvantage to buying a vending machine business is that some machines are highly prone to theft. For example, unscrupulous people can use coat hangers to reach inside mechanical snack machines. Thieves can also create slugs or fake coins when using mechanical machines. Owners and managers cannot watch the machines all the time to monitor potential theft.

Considerations

An advantage of buying a vending machine business is that you can start making money right away. Most businesses take several years to turn a profit. The downside to the vending business is that it may take you years to earn a full-time income. Machines can be expensive. Some of the larger electronic units cost $3,000 to $5,000. Therefore, you will need a lot of money to expand your vending route. Bulk machines usually cost $150 to $200, but you will likely need hundreds of them to earn $2,000 or $3,000 per month.

By http://smallbusiness.chron.com/