Tag: Machine

Franchise Players: From Waiting Tables to Running a Healthy Vending Machine Franchise #online #business

#vending machines business

#

Franchise Players: From Waiting Tables to Running a Healthy Vending Machine Franchise

September 24, 2014

Cecil Tyrell Whisenton got his start in franchising at the lowest rung of the ladder: waiting tables at Outback Steakhouse. Over the years, he moved up in the business, ultimately buying the same Outback where he waited tables. Eventually, he decided he wanted to look into a different vein of franchising: the healthy vending business. HUMAN Healthy Vending set itself apart in Whisenton s eyes with its commitment to charity and appealing vending machines.

Here s what he has learned as he worked his way up from waiter to franchisee.

Name. Cecil Tyrell Whisenton

How long have you owned a franchise?

Since April of 2013, so 1-1/2 years.

I chose the franchising route for a few reasons. First, I feel it is a lot less risky to become part of a franchise than to start a business from scratch because a business model is already in place. Second, the startup cost to franchise is much lower compared to starting a brand new company. Lastly, being a part of a franchise that already has an infrastructure in place gives me more flexibility with my time, which gives me more time with my family. That s priceless!

What were you doing before you became a franchise owner?

After attending St. Mary s University, where I was in the Basketball Hall of Fame Class of 2012, I started waiting tables at Outback Steakhouse in San Antonio. After working very hard, I was able to advance up the management chain and, in 2005, was able to purchase the exact Outback where I had started as a waiter. I owned and operated that Outback for a number of years and was fortunate enough to learn a lot of my entrepreneurial skills from the OSI family.

Why did you choose this particular franchise?

I initially chose the HUMAN Healthy Vending franchise after comparing it to a few other healthy vending franchises. I felt HUMAN s machines were more appealing.

I was also very impressed with HUMAN s philanthropic efforts compared to the other companies who only seemed concerned with revenue and profits. HUMAN recently introduced their own healthy snack delivery service, SnackNation. and every snack pack delivered corresponds with a month s worth of multi-nutrient-packs being sent to a child in need through the Global Alliance for Improved Nutrition (GAIN) and 1,000 Days. That s the kind of franchise that I want to be a part of. No other vending company comes close to HUMAN in that regard.

How much would you estimate you spent before you were officially open for business?

Franchise fee: $25,000

Initial Machine order: $25,000

Balance of initial machine order: $15,000

Product for machines: $2,000

Marketing and Location Discovery Acquisition: $1,000

Where did you get most of your advice/do most of your research?

Initially, the internet was my main source of information as I was able to compare different franchises side-by-side. Later, I talked with representatives of each potential franchise business. When narrowing my options down, I began talking to franchisees in the field, including a HUMAN operator here in San Antonio. This operator has been instrumental in helping me develop my business.

What were the most unexpected challenges of opening your franchise?

I didn t really encounter any unexpected challenges. My business partner really prepped me for any and all situations. All of the situations that could have been stressful were really just learning experiences that I really appreciated.

What advice do you have for individuals who want to own their own franchise?

My advice for individuals who want to own their own franchise is to be sure to do their research. There are a lot of very good franchise opportunities out there, but they re not necessarily a good fit for everyone. Try to find a few different franchises in the same field to compare side by side. Lastly, just do it; you ll be glad you did.

What s next for you and your business?

We definitely have a lot of things in the works here in San Antonio. We have contacted just about every school district in and around San Antonio and are preparing to grow our business significantly in the next six to nine months. We ve put an early focus on public schools because of the new snack guidelines handed down from the USDA called Smart Snacks In School . We also plan to contact most of the private schools in San Antonio, along with businesses and workout facilities, to see if they are interested in installing healthy vending machines.





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How to start a vending machine franchise: Starting a business advice and business ideas

#vending machine business

#

How to start a vending machine franchise

Vending machines are pretty much part of our everyday lives. Drinks, snacks and all manner of personal goods are dispensed into our waiting grasp at the push of a button. But just because this process involves no human interaction doesn t mean the machine did it all by itself.

A vending franchise is the means to this end and it often proves to be a surprisingly varied career opportunity.

What is it?

The world of vending machine franchises is not large but considering the products on offer, it is significant. Unusually among franchises there are a number that can be run on a part time basis as well as full time so you can largely choose your hours. Although be aware this is not the case with all.

Drinkmaster largely does what it says on the franchise. It provides machine dispensed coffee, tea, chocolate and soft drinks as well as soft drinks like orange, blackcurrant and so on.

The franchisee s job is to promote the brand to potential customers throughout a designated territory, deliver products and provide customer care. And although it is their job to grow the territory, they have an existing client base from day one.

SSL International is the parent company of Durex vending, which services mainly pubs with condom vending machines. Unlike the others this is only a fulltime franchise but you make your own appointments so is therefore still flexible in terms of hours.

Some technical aptitude is required for the work as you are required to service machines as well as re-stock and collect money. But to really grow the business, you will also need to find new business so a good way with people is also a helpful attribute.

A Vendor supplies bottled Evian and Volvic flavoured water to any public space that might provide a marketplace: schools, leisure centres and so on. This is really a part time franchise at least to start with 10 machines can be serviced in one day. It is ideally suited to people who want an extra income.

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Manage an ATM Business, ATM Machine Opportunities #business #jobs

#atm business

#

ATM BUSINESS OPPORTUNITIES

Your ATM Business.
Our Expertise.

Are you an entrepreneur? ATMs offer a business opportunity with amazing potential to convert your existing business relationships into revenue. With our expert help, you can start and manage your own profitable ATM machine business .

Our ATM management solutions are all designed to maximize customer success and make business easy.

Start, build and manage your own ATM business

Do you know businesses that need, but don’t have an ATM? Do you work with retailers who already have an ATM, but would be willing to change processing or maintenance to consolidate their vendors to a single trusted source (you)?

PAI can help you start and manage your own ATM business through ATMs you own, sell to merchants, or convert to PAI for processing.

Curious about learning more? Call PAI today at 877.271.2627 or fill out our contact form to discuss this opportunity with one of our ATM experts with no obligation. We will help you understand how to operate a successful ATM machine business!

Contact Payment Alliance International





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How to start a vending machine franchise: Starting a business advice and business ideas

#vending machine business

#

How to start a vending machine franchise

Vending machines are pretty much part of our everyday lives. Drinks, snacks and all manner of personal goods are dispensed into our waiting grasp at the push of a button. But just because this process involves no human interaction doesn t mean the machine did it all by itself.

A vending franchise is the means to this end and it often proves to be a surprisingly varied career opportunity.

What is it?

The world of vending machine franchises is not large but considering the products on offer, it is significant. Unusually among franchises there are a number that can be run on a part time basis as well as full time so you can largely choose your hours. Although be aware this is not the case with all.

Drinkmaster largely does what it says on the franchise. It provides machine dispensed coffee, tea, chocolate and soft drinks as well as soft drinks like orange, blackcurrant and so on.

The franchisee s job is to promote the brand to potential customers throughout a designated territory, deliver products and provide customer care. And although it is their job to grow the territory, they have an existing client base from day one.

SSL International is the parent company of Durex vending, which services mainly pubs with condom vending machines. Unlike the others this is only a fulltime franchise but you make your own appointments so is therefore still flexible in terms of hours.

Some technical aptitude is required for the work as you are required to service machines as well as re-stock and collect money. But to really grow the business, you will also need to find new business so a good way with people is also a helpful attribute.

A Vendor supplies bottled Evian and Volvic flavoured water to any public space that might provide a marketplace: schools, leisure centres and so on. This is really a part time franchise at least to start with 10 machines can be serviced in one day. It is ideally suited to people who want an extra income.

Comments

Want to run a more profitable business?

More from Startups





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Vending Machine Business Plan: Did You Think of These Before You Got Started? #office

#vending machine business

#

Vending Machine Business Plan: Did You Think of These Before You Got Started?
by Chris Tomasso

The first things you must consider when making a business plan is, What are your goals? , and Does the math work? Many people first get the idea to get into vending because the notion of passive income and controlling their own destiny is so compelling. While this is true, they forget to calculate if it even makes sense for them.

Without a proper business plan, you can set yourself up for failure from the start. This is because, in vending, there is a significant delay between your actions and your financial results. Whether you make the right or wrong decision, you don t see your outcome for a while. So much money is moving from place to place in vending that it can be hard to track. There are many sources of income: Cash from machines, free vend, subsidizations, renting machines, rebates from corporations, and more. Expenses are varied, including but not limited to: Rent on a warehouse, insurance, vehicle repair and maintenance, machine repair and maintenance, buying product, accounting, and acquiring new accounts. Revenue from the business is the result of thousands of small transactions. In general, your profit is not immediately obvious.

Why create a business plan?

It may seem straightforward, but in a business where the average operating profit is 45%, but the average net profit is just 2%, you can’t afford not to plan. Creating a business plan will help you price your product, set up service schedules, set minimum sales requirements for locations, determine how much you can afford to invest in new business, and it lays the groundwork for your future success.

If you don t create a business plan, you could be working for less than minimum wage in a job that is supposed to give you more time and freedom.

Where do I begin?

A business plan can only be effective if it reflects your specific goals. If you haven t already, ask yourself some of these questions:

  • How many hours are you willing to work?
  • Are you looking to build it and sell it or give it to your kids some day?
  • Is it a retirement vehicle?
  • Will you need to train someone to eventually run it for you?
  • Do you have cash to invest in it or are you building it from scratch?
  • Do you want a flexible schedule or time to travel or spend with loved ones?
  • What resources do you already have? A person who is well connected will have a lot easier of a time starting out than a person who has just moved to the area.
  • Do you have warehouse space or a vehicle you can use?

I strongly encourage you to really consider these questions and how running a vending business will fit in with your overall lifestyle goals. This could take you days or even weeks if you haven t consciously thought of it before. Once you seriously answer all of these questions, you ll need to start doing some math.

Doing the math

The exact math you need to do will be reflective of your specific goals and the resources you need to achieve those goals. As such, it s beyond the scope of this article. If you need help deciding what s realistic for you, I suggest seeking the help of a professional in the vending industry.

What you need to keep in mind is that vending machines have a significant up front investment. It could take a year for the sales of a machine to recoup the cost of buying and installing the machine. This means that, although you will be making cash money immediately, you will not likely profit from those vending machines for at least a year.

This reality needs to be reflected in your business plan. If it takes each of your machines one year to pay off their debt, those machines are not making money for you right now.

How are you making money right now? Do you have this as a side job? Do you offer a service, such as installation or repairing machines for other vendors? Do you have office coffee service where the cost of installation is potentially much cheaper and the per item value potentially much higher?

On the other hand, can you afford to not turn a profit on this machine for the allotted time? Can you afford to add at least 15% to that number to account for maintenance costs? If you can absorb these for the time being, great! If it s not making you a profit, it still may be a good idea, as long as you plan for it.

Growing your vending business

Planning for the future is also part of your business plan. How do you plan to grow your business? Do you plan on making lots of cold calls? Do you plan on generating a referral based business?

Learning vending is a fantastic way to learn how to run any business. This is because, instead of running one giant entity like a restaurant, you are running dozens or hundreds of tiny machines, each with their own cash flow. In doing this you will get really good at recognizing good business opportunities and bad opportunities because you can automatically do the cash flow in your head.

Like many other businesses, a vending business has an economy of scale. Vending supply companies, such as a cash and carry. sell products in cases, so if you only have one snack machine and you buy a case of chips, unless that company only buys one kind of chips then I guarantee your chips will expire before you sell them all.

A case is 64 chips. In an average snack machine, a row for chips is between 10-12 spaces. This means that you will need 6 rows of one kind of chip to sell in no more than two months, because chips usually expire in two months. You will most likely have expired chips in this scenario. If you are in this situation, then you should probably take away your snack machine until you can find a location with a higher volume of sales. A vending business profits immensely from a certain scale, because you can get and utilize cases to offer a variety, get rebates from manufacturers, begin hiring employees so you re not doing as much route driving yourself, and get deliveries from vending supply companies instead of going to them to get product. These are just some of the benefits of scaling up your business.

Since scaling is so important, you must decide if you’ve gotten started in the business too small. If this is your problem, you might be better off selling your route to someone with a larger business and working under them on a contract basis. Otherwise, you will have to secure a large loan in order to purchase a lot more equipment if you want your business to scale up quickly. This debt will then be subtracted from your profits. If you can still make a profit after subtracting all of your business operating costs and paying back the debt for starting the business, then great!

Final Thoughts

The difficulty of creating a sensible business plan is why so many small time vendors go out of business so quickly. More and more the little guys get squeezed out because the cost of running a business is much harsher for a smaller business as it is for a slightly larger business. This is because often time your fixed costs (rent, insurance, product cost, etc) remain the same whether you have two machines or two hundred machines.

This is just barely scratching the surface. If you feel lost, I suggest seeking the advice of someone in the vending industry. I also recommend speaking with Robert Cornelius. He s our resident vending consultant at Vending How. No matter what you choose to do, it pays to plan and plan well.

Chris is the editor and online marketing guy at Vending How. He can also drive more traffic to your website.





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Tucson Vending Machine Services – Vending – Snack Machines #vending #machine #business

#vending business

#

Vending Machine Services

Our vending machines provide your employees with a wide variety of food and beverage choices, ranging from traditional snacks and sodas to milk, juice, energy drinks, sandwiches, salads, frozen meals and even ice cream.

The 7 Day Vending Difference

There are a number of factors that separate 7 Day Vending from the competition. Locally owned and operated out of Tucson for over 27 years, 7 Day Vending has the experience to provide quality vending solutions to your organization, whether you re a small office or a large corporation.

Our Commitment to Quality

When you partner with us, you re getting more than vending machines, you re getting our commitment to provide you with reliable machines, fully-stocked with the wide array of food and beverages your employees demand.

Whether you re a small business or an industry-leader, you ll always have direct access to our co-owner, Geoff Settles, who will personally ensure your machines are stocked with the highest-quality products and operating smoothly.

Need Variety? You ve Got It

Because we own our vending machines rather than lease them, we have the ability to provide our clients with any assortment of products they desire. Why choose between Pepsi or Coke products when your employees can choose for themselves from a single machine?

Choices + Healthy Options = Happy Employees

Our machines don t just serve up chips and soda. We provide your employees with the opportunity to select from a wide array of food and beverages, including milk, juices, energy drinks, sodas, fruit, sandwiches, salads, frozen meals and a variety of ice creams and other desserts.

While our machines can certainly satisfy your employee s chocolate cravings, we recognize the importance of healthy food options. in the interest of both the individual and the employer.

This is why we provide you with the opportunity to work with us to establish the desired ratio of health food choices to traditional snacks to provide balance to your employee s taste buds and heart health.

Preventative Maintenance and Reliability

In line with our commitment to provide your organization with quality products and service, we employ state-of-the-art bill acceptors and card readers that accept all bill denominations and all four major credit cards (Visa, MasterCard, Discover, American Express) with a 99% acceptance rate and unparalleled operational record.

This allows you and your employees to focus on your work while our machines operate smoothly, providing the snacks and refreshments you need, when you need them.

Enough about us, let s talk food. Here s just a small sample of the over 350 varieties of food and beverage products we can serve you and your employees.

Beverages

  • Sodas (Pepsi and Coca-Cola products)
  • Juices
  • Teas
  • Energy Drinks
  • Sports Drinks (PowerAde, etc)
  • Dasani Water
  • Arrowhead Water
  • Vitamin Water
  • Smart Water

Sandwiches

  • Bacon and Egg Breakfast Biscuit
  • Barbeque Chicken Sandwich
  • Beef Taquito Plate
  • Buffalo Chicken Sandwich
  • Bumblebee Chicken Lunch Kit
  • Bumblebee Tuna Lunch Kit
  • Chicken and Cheese Sandwich
  • Double Beef Stack Cheeseburger
  • Ham and Cheese Sandwich
  • Honey Mustard Chicken Sandwich
  • Italian Sub Standwich
  • Jalapeno Charbroil Cheeseburger
  • Lunchable s Ham and Cheddar
  • Lunchable s Ham and Swiss
  • Lunchable s Turkey and Cheddar
  • Meatball Sub Sandwich
  • Turkey Burger
  • And Many More

Pockets

  • Beef Charbroil Cheeseburger
  • Beef with Green Chile Chimichanga
  • Chef Boyardee Ravioli Lunch Kits
  • Chicken with Beans Chimichanga
  • Double Sausage Biscuit Sandwich
  • French Bread Pepperoni Pizza
  • French Bread Supreme Pizza
  • Hormel Chili Lunch Kits
  • Hot Pocket s Lean Turkey Pocket
  • Hot Pocket s Meatball Pocket
  • Hot Pocket s Philly Cheese Steak Pocket
  • Hot Pocket s Pizza Pocket
  • Premium Bean and Cheese Burrito
  • And Many More

Muffins

  • Ne-Mo s Cake Bananana Bread
  • Ne-Mo s Cake Carrot Cake
  • Ne-Mo s Cake Cheese Crumb Cake
  • Otis Spunkmeyer Bananana Nut Muffin
  • Otis Spunkmeyer Blueberry Muffin
  • Otis Spunkmeyer Chocolate Chip Muffin
  • Quaker Oats Apple Walnut Oatmeal
  • Quaker Oates Baked Apple Oatmeal
  • And Many More

Salads

  • Apple Pecan Salad
  • Asian Salad
  • Caesar Chicken Salad
  • Chef Salad
  • Cobb Salad
  • Dijon Spanich Salad
  • Italiano Salad
  • Lite Caesar Salad
  • Mediterranean Salad
  • Santa Fe Salad
  • And Many More

Desserts

  • Ice Cream Selections
  • Snickers Ice Cream Bars
  • Mississippi Mud Ice Cream Sandwiches
  • Chip Galor Icea Cream Sandwiches
  • Chocolate Crunch Bars
  • Strawberry Crunch Bars
  • And Many More




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Manage an ATM Business, ATM Machine Opportunities #sell #a #business

#atm business

#

ATM BUSINESS OPPORTUNITIES

Your ATM Business.
Our Expertise.

Are you an entrepreneur? ATMs offer a business opportunity with amazing potential to convert your existing business relationships into revenue. With our expert help, you can start and manage your own profitable ATM machine business .

Our ATM management solutions are all designed to maximize customer success and make business easy.

Start, build and manage your own ATM business

Do you know businesses that need, but don’t have an ATM? Do you work with retailers who already have an ATM, but would be willing to change processing or maintenance to consolidate their vendors to a single trusted source (you)?

PAI can help you start and manage your own ATM business through ATMs you own, sell to merchants, or convert to PAI for processing.

Curious about learning more? Call PAI today at 877.271.2627 or fill out our contact form to discuss this opportunity with one of our ATM experts with no obligation. We will help you understand how to operate a successful ATM machine business!

Contact Payment Alliance International





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Vending Machine Businesses for sale – Lyons Wholesale Vending #business #jets

#vending machine business

#

Are you thinking about
Starting a Vending Machine Business?
Here is what I can do FOR YOU
that NO one else can
so you can own a vending business!

Today many people are looking for ways to supplement their income. Maybe you ve looked at several vending opportunities, but I can say from personal experience that this vending opportunity offers a truly lucrative solution with low overhead and a higher return on investment. It s your lucky day Every vending machine business I sell is a complete turnkey, cash cow. vending opportunity. I also have vending routesfor sale !

Hello! My name is Dale Lyons. founder of Lyons Wholesale Vending. your 42-year vending expert at your service!

Why would you want to work with anyone other than a vending expert?

Along with selling you a vending machine business and vending route, I have my own vending business and have managed a number of vending routes throughout the years. I know from firsthand experience what works and what does not work! I ve walked in your shoes so you can trust me when I say, I will be with you every step of the way! This is why I specialize in training beginners just like you, unlike many companies that want to offer you a vending business for sale. This is another reason why the vending machine business I will sell you is better than any other vending opportunity. Therefore, you ll never be alone when starting a vending machine business with Lyons Wholesale Vending .

Many vending opportunities I ve seen in the marketplace are only distributors. They don t see the vending business from the manufacture s point of view. My #1 seller, the Snack Vendor , was designed and manufactured by me with you in mind! My clients love it and so do the store owners where they are placed. You can read more about this on the Machines Page. When you partner with me, the manufacturer, you eliminate the middle man! What does that mean to you? It means you will pay only wholesale prices, not retail prices! Therefore, you will receive the lowest prices on the planet and more vending businesses for sale than anyone else! Hence my company name: Lyons Wholesale Vending. I am going to help you save thousands of dollars on your vending business.

In addition, every machine that you order for your vending business can be placed into a busy store or business for you! For your approval! Certain restrictions apply for this offer. This offer can be cancelled at any time.

In case you re wondering, I don t sell vending franchises. One reason is that you won t get the kind of support I offer as most vending franchises aren t offering personal expertise in the nitty gritty of your vending business. As mentioned above, I will be with you every step of the way offering my personal experience and successes! And remember, vending franchises will want a portion of your profits. Lyons Wholesale Vending doesn t require any profits from your vending business so what you make is yours to keep! That’s why the vending businesses for sale by Lyons Wholesale Vending is better than considering any vending franchises for sale.

One addition benefit. With every vending machine business for sale, you receive a FREE Home Study Course! So don’t delay! Review our current vending machine businesses for sale right now by clicking HERE .

Starting a vending machine business is an adventure and I look forward to joining you on your journey! So what are you waiting for? Check out our vending opportunities NOW!

Vending Machine Businesses / Routes For Sale

Check Out our Vending Opportunities
and Vending Businesses For Sale!

Learn the difference between a
Vending Business and a Vending Franchise
and why a Vending Business For Sale is Better than
a Vending Franchise For Sale!

With Every Vending Machine Business For Sale,
You Receive a.

Buy a Vending Route with every
Vending Machine Business For Sale!

Still have questions about
A Vending Machine Business?

A Vending Business can be fun and lucrative.
So why wait?
Buy a Vending Business For Sale Today!





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Tucson Vending Machine Services – Vending – Snack Machines #business #advertising

#vending business

#

Vending Machine Services

Our vending machines provide your employees with a wide variety of food and beverage choices, ranging from traditional snacks and sodas to milk, juice, energy drinks, sandwiches, salads, frozen meals and even ice cream.

The 7 Day Vending Difference

There are a number of factors that separate 7 Day Vending from the competition. Locally owned and operated out of Tucson for over 27 years, 7 Day Vending has the experience to provide quality vending solutions to your organization, whether you re a small office or a large corporation.

Our Commitment to Quality

When you partner with us, you re getting more than vending machines, you re getting our commitment to provide you with reliable machines, fully-stocked with the wide array of food and beverages your employees demand.

Whether you re a small business or an industry-leader, you ll always have direct access to our co-owner, Geoff Settles, who will personally ensure your machines are stocked with the highest-quality products and operating smoothly.

Need Variety? You ve Got It

Because we own our vending machines rather than lease them, we have the ability to provide our clients with any assortment of products they desire. Why choose between Pepsi or Coke products when your employees can choose for themselves from a single machine?

Choices + Healthy Options = Happy Employees

Our machines don t just serve up chips and soda. We provide your employees with the opportunity to select from a wide array of food and beverages, including milk, juices, energy drinks, sodas, fruit, sandwiches, salads, frozen meals and a variety of ice creams and other desserts.

While our machines can certainly satisfy your employee s chocolate cravings, we recognize the importance of healthy food options. in the interest of both the individual and the employer.

This is why we provide you with the opportunity to work with us to establish the desired ratio of health food choices to traditional snacks to provide balance to your employee s taste buds and heart health.

Preventative Maintenance and Reliability

In line with our commitment to provide your organization with quality products and service, we employ state-of-the-art bill acceptors and card readers that accept all bill denominations and all four major credit cards (Visa, MasterCard, Discover, American Express) with a 99% acceptance rate and unparalleled operational record.

This allows you and your employees to focus on your work while our machines operate smoothly, providing the snacks and refreshments you need, when you need them.

Enough about us, let s talk food. Here s just a small sample of the over 350 varieties of food and beverage products we can serve you and your employees.

Beverages

  • Sodas (Pepsi and Coca-Cola products)
  • Juices
  • Teas
  • Energy Drinks
  • Sports Drinks (PowerAde, etc)
  • Dasani Water
  • Arrowhead Water
  • Vitamin Water
  • Smart Water

Sandwiches

  • Bacon and Egg Breakfast Biscuit
  • Barbeque Chicken Sandwich
  • Beef Taquito Plate
  • Buffalo Chicken Sandwich
  • Bumblebee Chicken Lunch Kit
  • Bumblebee Tuna Lunch Kit
  • Chicken and Cheese Sandwich
  • Double Beef Stack Cheeseburger
  • Ham and Cheese Sandwich
  • Honey Mustard Chicken Sandwich
  • Italian Sub Standwich
  • Jalapeno Charbroil Cheeseburger
  • Lunchable s Ham and Cheddar
  • Lunchable s Ham and Swiss
  • Lunchable s Turkey and Cheddar
  • Meatball Sub Sandwich
  • Turkey Burger
  • And Many More

Pockets

  • Beef Charbroil Cheeseburger
  • Beef with Green Chile Chimichanga
  • Chef Boyardee Ravioli Lunch Kits
  • Chicken with Beans Chimichanga
  • Double Sausage Biscuit Sandwich
  • French Bread Pepperoni Pizza
  • French Bread Supreme Pizza
  • Hormel Chili Lunch Kits
  • Hot Pocket s Lean Turkey Pocket
  • Hot Pocket s Meatball Pocket
  • Hot Pocket s Philly Cheese Steak Pocket
  • Hot Pocket s Pizza Pocket
  • Premium Bean and Cheese Burrito
  • And Many More

Muffins

  • Ne-Mo s Cake Bananana Bread
  • Ne-Mo s Cake Carrot Cake
  • Ne-Mo s Cake Cheese Crumb Cake
  • Otis Spunkmeyer Bananana Nut Muffin
  • Otis Spunkmeyer Blueberry Muffin
  • Otis Spunkmeyer Chocolate Chip Muffin
  • Quaker Oats Apple Walnut Oatmeal
  • Quaker Oates Baked Apple Oatmeal
  • And Many More

Salads

  • Apple Pecan Salad
  • Asian Salad
  • Caesar Chicken Salad
  • Chef Salad
  • Cobb Salad
  • Dijon Spanich Salad
  • Italiano Salad
  • Lite Caesar Salad
  • Mediterranean Salad
  • Santa Fe Salad
  • And Many More

Desserts

  • Ice Cream Selections
  • Snickers Ice Cream Bars
  • Mississippi Mud Ice Cream Sandwiches
  • Chip Galor Icea Cream Sandwiches
  • Chocolate Crunch Bars
  • Strawberry Crunch Bars
  • And Many More




Tags : , , , , , ,

Vending Machine Business Plan: Did You Think of These Before You Got Started? #secured

#vending machine business

#

Vending Machine Business Plan: Did You Think of These Before You Got Started?
by Chris Tomasso

The first things you must consider when making a business plan is, What are your goals? , and Does the math work? Many people first get the idea to get into vending because the notion of passive income and controlling their own destiny is so compelling. While this is true, they forget to calculate if it even makes sense for them.

Without a proper business plan, you can set yourself up for failure from the start. This is because, in vending, there is a significant delay between your actions and your financial results. Whether you make the right or wrong decision, you don t see your outcome for a while. So much money is moving from place to place in vending that it can be hard to track. There are many sources of income: Cash from machines, free vend, subsidizations, renting machines, rebates from corporations, and more. Expenses are varied, including but not limited to: Rent on a warehouse, insurance, vehicle repair and maintenance, machine repair and maintenance, buying product, accounting, and acquiring new accounts. Revenue from the business is the result of thousands of small transactions. In general, your profit is not immediately obvious.

Why create a business plan?

It may seem straightforward, but in a business where the average operating profit is 45%, but the average net profit is just 2%, you can’t afford not to plan. Creating a business plan will help you price your product, set up service schedules, set minimum sales requirements for locations, determine how much you can afford to invest in new business, and it lays the groundwork for your future success.

If you don t create a business plan, you could be working for less than minimum wage in a job that is supposed to give you more time and freedom.

Where do I begin?

A business plan can only be effective if it reflects your specific goals. If you haven t already, ask yourself some of these questions:

  • How many hours are you willing to work?
  • Are you looking to build it and sell it or give it to your kids some day?
  • Is it a retirement vehicle?
  • Will you need to train someone to eventually run it for you?
  • Do you have cash to invest in it or are you building it from scratch?
  • Do you want a flexible schedule or time to travel or spend with loved ones?
  • What resources do you already have? A person who is well connected will have a lot easier of a time starting out than a person who has just moved to the area.
  • Do you have warehouse space or a vehicle you can use?

I strongly encourage you to really consider these questions and how running a vending business will fit in with your overall lifestyle goals. This could take you days or even weeks if you haven t consciously thought of it before. Once you seriously answer all of these questions, you ll need to start doing some math.

Doing the math

The exact math you need to do will be reflective of your specific goals and the resources you need to achieve those goals. As such, it s beyond the scope of this article. If you need help deciding what s realistic for you, I suggest seeking the help of a professional in the vending industry.

What you need to keep in mind is that vending machines have a significant up front investment. It could take a year for the sales of a machine to recoup the cost of buying and installing the machine. This means that, although you will be making cash money immediately, you will not likely profit from those vending machines for at least a year.

This reality needs to be reflected in your business plan. If it takes each of your machines one year to pay off their debt, those machines are not making money for you right now.

How are you making money right now? Do you have this as a side job? Do you offer a service, such as installation or repairing machines for other vendors? Do you have office coffee service where the cost of installation is potentially much cheaper and the per item value potentially much higher?

On the other hand, can you afford to not turn a profit on this machine for the allotted time? Can you afford to add at least 15% to that number to account for maintenance costs? If you can absorb these for the time being, great! If it s not making you a profit, it still may be a good idea, as long as you plan for it.

Growing your vending business

Planning for the future is also part of your business plan. How do you plan to grow your business? Do you plan on making lots of cold calls? Do you plan on generating a referral based business?

Learning vending is a fantastic way to learn how to run any business. This is because, instead of running one giant entity like a restaurant, you are running dozens or hundreds of tiny machines, each with their own cash flow. In doing this you will get really good at recognizing good business opportunities and bad opportunities because you can automatically do the cash flow in your head.

Like many other businesses, a vending business has an economy of scale. Vending supply companies, such as a cash and carry. sell products in cases, so if you only have one snack machine and you buy a case of chips, unless that company only buys one kind of chips then I guarantee your chips will expire before you sell them all.

A case is 64 chips. In an average snack machine, a row for chips is between 10-12 spaces. This means that you will need 6 rows of one kind of chip to sell in no more than two months, because chips usually expire in two months. You will most likely have expired chips in this scenario. If you are in this situation, then you should probably take away your snack machine until you can find a location with a higher volume of sales. A vending business profits immensely from a certain scale, because you can get and utilize cases to offer a variety, get rebates from manufacturers, begin hiring employees so you re not doing as much route driving yourself, and get deliveries from vending supply companies instead of going to them to get product. These are just some of the benefits of scaling up your business.

Since scaling is so important, you must decide if you’ve gotten started in the business too small. If this is your problem, you might be better off selling your route to someone with a larger business and working under them on a contract basis. Otherwise, you will have to secure a large loan in order to purchase a lot more equipment if you want your business to scale up quickly. This debt will then be subtracted from your profits. If you can still make a profit after subtracting all of your business operating costs and paying back the debt for starting the business, then great!

Final Thoughts

The difficulty of creating a sensible business plan is why so many small time vendors go out of business so quickly. More and more the little guys get squeezed out because the cost of running a business is much harsher for a smaller business as it is for a slightly larger business. This is because often time your fixed costs (rent, insurance, product cost, etc) remain the same whether you have two machines or two hundred machines.

This is just barely scratching the surface. If you feel lost, I suggest seeking the advice of someone in the vending industry. I also recommend speaking with Robert Cornelius. He s our resident vending consultant at Vending How. No matter what you choose to do, it pays to plan and plan well.

Chris is the editor and online marketing guy at Vending How. He can also drive more traffic to your website.





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