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October 6, 2020 05:01 pm GMT

What it is like to run a vending machine business

The Hustle interviewed over 20 vending machine operators to learn about the ins and outs of the business. On average, one vending machine brings in $309. but don't forget the operating costs:

  • General liability insurance (~$500/yrfor <$100k in annual sales)
  • Commissions paid to locations (5-25%of revenue)
  • Transaction fees for card purchases (~5-6%)
  • Card reader analytics fees ($10/mo)
  • Storage space for unused machines (~$100/mo)
  • Gas and transportation ($50-$100/mo)
  • Taxes (10-37%of adjusted gross income)
  • Routine maintenance and vandalism repairs ($50-$250/yr)

Even something like logistics can be a burden: Vending machines are extraordinarily heavy 600-800 lbs.

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Original Link: https://boingboing.net/2020/10/06/what-it-is-like-to-run-a-vending-machine-business.html

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