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October 6, 2020 05:01 pm GMT
Original Link: https://boingboing.net/2020/10/06/what-it-is-like-to-run-a-vending-machine-business.html
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)
— Read the restEven something like logistics can be a burden: Vending machines are extraordinarily heavy 600-800 lbs.
Original Link: https://boingboing.net/2020/10/06/what-it-is-like-to-run-a-vending-machine-business.html
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