Vending machines are ubiquitous; they can be found in cafeterias, break rooms, schools, commercial buildings, and in many more places. Those vending machines are there for many reasons besides offering customers and employees food and drink. Smart business owners know that where there are vending machines, there is vending machine profit.
The vending machine industry can pull in billions of dollars in revenue all across the United States, with over five million operational units spread across the country. When you look at snack vending machines alone, annual profits can exceed $60 million. Different vending machines will have different success, depending on vending machine location and other factors. For instance, a single vending machine in a hotel with no restaurant is likely to see hundreds of dollars a day.
But as the adage goes, spend money to make money. Starting a vending machine business can be a pretty daunting task, with many things that you need to consider before getting started. Along with finding the best locations for your machines, you need to figure out what food and drink options you will offer, and how you will stock those machines.
Many vending machines exist, so if a hot cup of coffee is one thing you want to offer, then you will need to invest in a specific machine that will carry out that function. On the financial side, you need to measure how much money you spend to operate and stock the machine, the pricing on your options, and how much business that machine gets.
For instance, if you sold 50 items for $4 each, and all you spend is 50 cents on each item, you will see a profit of $175. When you can spread that out across different machines across many popular areas, you will see your hard work pay off in the profits those machines will bring in.
Starting a vending program is made easier when you have the right support to keep it successful. Our machines are always stocked with the freshest inventory that your employees want, and J. Bos Vending Service also provides 24-hour service when you need it, whether it’s twice a day or twice a week. Our visits will always be scheduled at optimum times, so as not to disrupt your coffee breaks or lunch hours.
Quality service can make a big difference with customer satisfaction, as well as the success of our vending machines. For more information on installing reliable vending services, call J. Bos Vending Service at (616) 791-2025.
Our mission is to provide an unsurpassed selection of quality vending service offerings at fair prices for the benefit of your organization’s employees, clients, and guests.