Starting A Vending Machine Business: Buying Vs Renting
Your initial start-up cost will be the vending machines that you choose to use
. The machines and product you decide on should be geared towards the location where the machines will be placed. Certain products may appeal more to traffic in an office building while others appeal to traffic in a park. You have many options when choosing a vending machine. You can choose from vending machines that offer cold beverages, ice cream, food, and candy. Many of the machines can cost between one and five thousand dollars depending if they are new or refurbished.Buying a new vending machine will most likely cost you around five thousand dollars. A used machine will probably cost around two thousand. Purchasing machines as you start a business can be somewhat costly. Just five machines can cost you between ten and twenty thousand. That can take some time reaching your breakeven point. Once you do reach your breakeven point, owning the machines will allow for greater profits. You will want to also keep in mind the maintenance involved and upkeep of the machines. New machines will hopefully require less maintenance but used machines may be a little less reliable.
Another option when starting your business is renting the vending machines. This will substantially lower your start-up cost. Renting a vending machine can typically cost between fifty and a couple hundred dollars depending on the quality and size. Renting can be a great option if you do not have ten thousand dollars to start with. Most vending machine rental companies will also offer maintenance and training for the machines. This can help you understand the machines before making a big investment. Renting also takes a lot of the risk out of starting your own business. If the business were to fail you would only need to deal with the renter contract and not the equipment that was purchased.
Choosing to rent or buy your equipment can both be great options. You will just need to do your research and decide which works best for your situation.
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