Lately I've been thinking about buying a bunch of second hand vending machines. I figure they literally just sit there and make money off lard asses who want an overpriced can of coke. Is this a good idea? Is it difficult to find a place to set up a vending machine? I figure most offices and schools would be cool with it if I gave them a cut?
I tried this.
You'd think, wew lad, passive income, pretty simple right? Wrong.
It's a huge pain in the ass to find a single place that isn't already occupied by vending machines.
Once you find that place you have to cut them in (the school, work, club, wherever) about 15%+ or pay them a monthly fee.
After all that's done, you have to transport these huge machines to the locations, and pray to god people don't fucking rekt them kicking them open or damage them. Because then you're fucked.
Okay, say you finally have 6 machines set up. Well now you need at least 20 hours dedicated to refilling and maintenance and money collecting on these machines, every week.
And a lot of the time, the earnings are fucking nothing. $10 profit on a machine is a good week. $10 fucking dollars.
How you calculate profit after all the trouble/gas/refilling/etc of these machines? Well that's up to you.
Also you have the fact that new vending super companies like the Avanti System, that use debit card payments, have video cameras, and unbeatable prices because they are mass stocked, will kill your business.
Fuck OP. Vending machines are a worse investment than fucking coin operated laundramats.
I wouldn't even bother with it. You'd have better luck selling candy bars from a shack at a swap meet or something.