Could you make a living off of owning a vending machine?11 months ago - 4 answers
Of course you can
Lets say you sell cans of coke for $1 each, and you are paying 60c - that means you're earning 40c per can sold. You then have to weigh up the overall cost of ownership (restock-costs, insurance, etc) versus your income.
To make a living from vending machines - you would need a fairly large network of machines - and a minimum expectation of sales over a week (you'd be looking at footfall versus sales). Each machine would have unique costs associated with them, but you would know where to place it and where you are making the best income.
If we were to assume you wanted to make $400 per week - that would involve selling 1000 cans of soda per week. A single machine might be able to handle that (that works out at a 6 can per hr, average, BEFORE you add in your overheads - ground-rent, electricity, insurance, cleaning, restock & maintenance...etc)
I don't think that is even close to possible, but you can make a couple bucks :)by mskolks - 11 months ago
No, you would have to own a lot of them. Most vending machines will make less than 3-4 dollars an hour.by Kayt - 11 months ago
For the first couple months you'd be in the negative cuz it costs like 50 dollars to serivce, but depending on location and whats in it you could make a little extra moneyby ? - 11 months ago