Take a few minutes and find out more about the vending machine business. If you have any questions, please feel free to give us a call. We have over 25 years of experience in the vending industry and work hard to help our clients become successful.
Frequently Asked Questions:
1. In this volatile economic climate, just how "safe' is investing in the vending business? (i.e.: success rate)
The vending business has a 90% success rate. There is virtually no overhead, i.e. advertising costs, rent, employees to pay, etc. An excellent income can be maintained just by working a couple hours a week.
2. How soon could I expect to see a financial return on my investment in the vending business?
Your return on investment is very fast. Once your vending machines are on location you can expect a return immediately.
3. How will I know if the market is saturated in the area in which I am planning to locate my vending machines?
Everyday there are hundreds of business's opening. There are always locations that can reap and excellent income for the smaller to midsize vendor. The notion of the market being saturated is merely a misconception. If the market is saturated there are many companies that provide inferior service allowing you to go in with a proposal to keep the machines full and working. GOOD SERVICE IS THE KEY TO SUCCEED IN THIS BUSINESS
4. Do you have refurbished or smaller vending machines for the investor whose funds are somewhat limited?
Refurbished machines are excellent if you want to get larger soda or snack machines. Drop’s Vending has an array of refurbished machines for people with limited incomes.
5. Where can I, as a first time small business owner, receive the advice and information I will need in order to assure success?
Drop's Vending has over twenty five years of experience in the industry and a customer service staff to assure the novice vendor success. Please feel free to contact us with any questions you may have. We here to help.
6. If I plan on expanding my initial investment by purchasing more vending machines,
would I receive a discount or special consideration?
Drop's Vending has special incentive programs and discounts for vendors that have purchased from us before. We want you to be successful in this business so you keep coming back. When we buy equipment at discounted prices we will extend those discounts to you.
Thinking about starting a vending business?
7. Are there any age restrictions to starting a vending business?
There are limited age restrictions. Some states require business owner to be 16 years of age. Other states require the vendor to be at least 18 years of age. Please contact your county clerk's office for more information.
8. Is this considered a form of "gambling" which may be prohibited in some states?
Vending machines are not gambling. As long as money is not exchanged with your customers it can never be construed as gambling.
Why should you start your own vending machine business?
The answer is simple! A vending machine business is quite profitable. When you consider some of the facts regarding the financial outcome of an average person's life in this country, which can be pretty disturbing, it becomes even clearer. As an example, consider the following:
Vending Business - FACT 1
The Social Security Board reports that at age 65, 75% of Americans are dependent on family, friends and charity; 23% of this group is still working and only 2% are financially independent. Your decisions today determine where you will be tomorrow. People do not plan to fail as much as they fail to plan. The vending machine business can help provide the extra income needed to make a difference later in life!
Vending Business - FACT 2
For 98% of Americans, setting aside money is simply not convenient. This fact is responsible for 85 out of 100 Americans reaching 65 with only 1 in 500 having as much as $24,000. This is a sad statistic for a country noted for the highest standard of living in history. The effect of your decision today is magnified many times at retirement. However, the longer you put off taking care of your future the less impact any decision will have. Consequently, you give the odds more time to stack up against you.
Vending Business - FACT 3
On the flip side of those dire statistics, the Miami Herald writes: A small business investment beats Wall Street and real estate. Eighty-nine percent of people in the 50% tax bracket or above are small business owners. It is quite common for a person to invest $25,000 in a business and two years later to be able to draw a $25,000 salary, plus show a profit of $25,000. The business is valued at two to three times net and salary, or $100,000 to $151,000 depending on the type of business. In addition, 400% to 500% return on investment is taxed at low capital gains rates.
Beat the odds with a vending machine business
There is nothing quite as exciting or challenging as working for you in your own vending machine company. You make the decision and reap the benefits in accordance with your efforts, ideas, commitment, learning curve, and performance. After all, according to the U.S. General Accounting Office, 10,000 Americans achieved millionaire status in the last 12 months, and of those 99% were small business owners!
With all this said, what's next? If you're interested in starting a vending machine business and would like to talk to a knowledgeable vending professional, give us a call today! We'd be more than happy to answer your questions about new, refurbished, or used vending machines, finding locations for vending machines, or how you too can start making money today!