How Much Does the Average Vending Machine Make UK?
It is common knowledge that vending machines can generate a considerable income. It can work either as a standalone venture or as a secondary outlet for an existing business. However, you need to put in the work to make your vending machine business succeed. It will not make you rich overnight, which is what some people seem to think. In reality, the income from an average machine is not always as spectacular as it is made out to be.
Expected Profit from an Average Vending Machine
The average vending machine in the UK today can generate approximately £250 a month. Now, that is just an average amount. It can be much higher or much lower, depending on a number of factors. As a beginner in the vending machine industry, it would be smart not to base your expectations on a simple average just like that. Instead, you need to take a closer look at how you plan to operate your business. This will give you a better idea of the average earnings you can have.
Formula for Computing Your Expected Profit
First, you need to know the number of items you sell daily, the amount of profit per item, and your total vending expenses. Now, multiply the number of items by the profit per item. Then multiply this by the number of days your machine is open per month. Finally, subtract your expenses from the result. This will give you a fairly accurate idea of the profit you can expect on an average month.
Most Profitable Vending Machines in the UK
There are so many choices and so many factors involved that it can be hard to find the machine that will yield the highest profit for you. But based on average returns, here are some of the types of machines you might consider.
Bulk Vending Machines
Gumball machines are the most common example of this type, but they can also be used for selling toys and other kinds of candies. They are very basic and very inexpensive but they generate a notable profit margin. It’s a great choice if you are just starting out or have a limited budget.
Snack and Beverage Vending Machines
The demand for food and drinks is always high, so these machines are a sure winner. You can have them separately or you can choose a combo vending machine where consumers can get both.
Ice Vending Machines
Another excellent choice, ice vending machines incur minimal expenses on your part. The demand for ice is steady so you won’t have a problem with having a low season. The profit per sale might not be that high but when you factor in the continuous stream of sales, the overall income is not bad at all.
Maximize Your Profit by Choosing the Right Vending Solutions
Regardless of what the average number shows, remember that your vending income would still depend on your own choices. And one of these choices is the vending solution that you will avail. As a leading vending machine company in Ireland since 1930, you can’t go wrong with Vending-Machines.ie. Check out their machines and call for a free consultation today!
