Getting Into A Vending Machine Business
Are you thinking of entering into the vending machine business either as a service operator or as someone who will do the buying and selling of vending machines? Whichever path you choose, it is likely that you are getting yourself involved into vending machine distributorship.
Being a vending machine distributor, you directly buy the machines from the manufacturers in wholesale price and resell them to the end users at retail price. The machine vending distributors or suppliers are also responsible for providing the buyer, some important information about the features and benefits of each machine.
The companies that sell these machines usually sell them to vending service companies as well as other businesses and organizations wanting to operate the machine themselves. These companies will also have the sole authority to offer parts for the vending equipment as well as some form of warranties.
As a distributor, you will rely solely on the sales of these vending machines so it would also be a very wise strategy to add repair service and sales of various parts as part of services offered. Although vending machine distributorship is a rewarding business, there are also slow times throughout the year so adding service calls and sales of parts can make up a good portion of the revenue.
The company selling the machine should also be able to give you some information about the business itself. They also should be able to give you advice on the appropriate vending machine for your location.
Being the buyer, it is your responsibility to do some research before diving into the business. Buying the right machine for your location is very important since vending machines are not cheap at all. One unit of vending
machine will cause you thousands of dollars and it will take you several years to pay for it. It is actually estimated that it will take 12 to 18 months before you could earn back your investment.
Some believe that it would be better to buy a used machine especially if you are just new to the business. This will give you a feel of the location and evaluate the business condition. It will also give you less pressure in paying off the equipment at a higher price.
There are lots of vending machine manufacturers as well as different makes and models of vending machine equipments. The most important step during the process is to find a vending machine distributor that offers vending machines at fair prices. It is also recommended that you find a distributor that can provide you service and parts later during a machine break down. Make sure that you ask about the warranty and its duration.
It is always crucial if your business stop running because of a machine break-down. Parts should be made available anytime. It would be wise to have some spare parts handy like an extra coin changer.
It is always better to find a company close to the area where you live so that delivery may be provided. There are lots of vending machine distributor online, just be aware about the shipping terms and cost. Do your own research before buying. It is very important that you find out everything you can about what you are thinking of buying. That is the only way you can avoid problems in the future.