The vending industry is Canada is worth $433.9 million in revenue and is largely made up of small businesses. By reading about the market in Canada today, you’ll get ideas for what type of products you think would sell well in your particular area. Market research is an important step in creating any business plan, and the same is true for this industry. You’ll need a few different types of insurance for your vending machines, including general liability, property insurance for things like vandalism and theft, and insurance in case credit card skimming occurs on your machine. Since gas and car maintenance can add up, you should consider this expense identifying the costs of running this type of business. Maybe you’re a handy person who will be able to fix and maintain the machines yourself, but if not, it’s a good idea to have some budget set aside for potential maintenance issues and operating costs.ĭepending on how many machines they operate, vending machine business owners have to spend some time driving their vending machine route to stock and maintain them. Within the food category, healthier snack options are more costly than traditional options. A snack vending machine will have a lower cost than one selling something like electronics or even office supplies. You’ll have to purchase stock for the machine, which can also vary widely in cost. You’ll have to ask around in the locations you’re considering since this cost can vary widely depending on the popularity of the location. If you want more modern features such as debit card and credit card readers, a used machine can start at around $2000.ĭepending on where you choose to place your machine, you may either pay a fixed monthly fee to the property owner or a small percentage or commission of your total sales. However, you can purchase a used and refurbished machine for as low as $1000. In Canada, a new machine can set you back between $5000 and $10,000 depending on the features. This provides machine owners with a great deal of control over their overhead costs. ![]() You can start with a single machine, and as you get the hang of it and find new potential locations, you can always add more machines. You can start with as many as you like, but one of the great things about this business is that it’s scalable. So, what are the costs associated with starting a vending machine business? The major expenses you should consider are: The good news is, this is a business with a relatively low cost of entry. You’ll need to make sure that you either have enough personal savings to start the business or that you can fund your business through loans, grants, or other fundraising initiatives. Determine the startup costs of your vending machine businessīefore diving into any new business, it’s important to identify all of the costs associated with getting the business off the ground and operating it. With a bit of research and some resources to get started, you can join the over 1,100 vending machine operators in Canada who are making money in the vending machine industry. You might think that vending operators are all large corporations and that you can’t break into the game as a new entrant, but there’s plenty of opportunity for an entrepreneur. Choosing the perfect location for your vending machine.Consider the types of vending machine options.Determine the startup costs of your vending machine business.How to start a vending machine business.Sounds pretty good, doesn’t it? If you’re thinking of getting into the business yourself, here are the things you should consider before getting started. Since the vending business model is based on you renting out space for your machine and periodically restocking it and maintaining it as needed, you can operate a large number of machines since you don’t necessarily have to be there each day to run them as you would for, say, a food truck business. ![]() While you may have associated vending machines primarily with snacks and beverages in the past, they’ve recently been popping up in all kinds of unexpected places, offering a wide range of goods.īeyond the usual candy bars and cans of pops, you can find vending machines selling electronic goods and essential travel items to travellers in airports and train stations, personal care items and beauty products, toys, laundry detergent machines in laundromats, sanitary items in hospitals, and a variety of other products. If you’ve spent some time exploring different business ideas that enable you to generate a passive income, you may have come across the suggestion of starting a vending machine business.
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