How Much Do Vending Machines Make in a Day?
Vending machines have been around for years, and they are becoming even more popular than ever. If you are thinking of starting your own vending business, you would definitely be curious about the potential profit. Well, that’s exactly what this article is going to talk about today.
Average Daily Profits of Different Types of Vending Machines
As you can imagine, the type of products that you sell is a huge deciding factor in how much your vending machines can make in a day. With that being said, let’s take a look at some of the most popular vending items.
Snack vending machines, on average, make a profit of about €10 a day. It doesn’t sound like much, right? But when you think about it, the prices of these products are on the low end. So, that means you can’t really expect to make hundreds of euros a day from pop tarts and granola bars. Compared to the purchase cost of the products, though, this amount is not bad at all.
Cold beverage vending machines make slightly more, bringing in an average daily profit of €13 to €15 a day. In fact, carbonated drinks are the top selling vending product in many areas. However, there has been a notable rise in sales of hot drinks recently. Gourmet coffee, in particular, can boost your profits significantly as these are pricier and you can have a bigger markup.
Bulk vending machines are another common type of vending machine that is surprisingly profitable. These are the basic machines that dispense gumballs and candies in malls or playgrounds. The average profit per gumball is about €0.20. If you sell even 10 gumballs a day, it would already give you €2.00. Considering the very low price of a gumball machine, you would have your ROI in just a few days.
How Long Does It Take to See an ROI in a Vending Machine Business?
So this brings us to the question that many business minded people ask. How long does it take to see a return on your vending machine investment? This depends on a number of factors. First of all, if you choose to buy your own vending machines, this would set you back a couple thousand euros right away. Hence, it would take a while to see an ROI.
If you want to see profits right from the get-go, it is more advisable to avail a lease or a fully managed vending service. In this option, the vending company lets you use the machines for free and also takes care of all operational requirements. All you have to do is provide the location and wait for the profits to come in.
Maximize Daily Earnings from Vending Machines with the Right Vending Partner
All of the decisions you make with regard to your vending machines will have an impact on your daily earnings. From location to product choice, even payment options – you need to make all your choices carefully. Most importantly, you have to choose the right vending solutions provider. In Ireland and Northern Ireland, the best company to turn to is Vending-Machines.ie.
For more than a decade, our list of satisfied clients has been continuously growing. It would be our pleasure to include you in your expanding family. Call us for a free consultation today!
