Trends and Facts About Vending Franchise Opportunities
The vending machine industry has been a proven growth business for over a century.
Retail vending machines are typically not a franchise operation but a business opportunity where the buyer owns the machines outright and keeps all the revenue generated by the machines.
Many concepts will have you pay a rental fee for the location and any other expenses associated with owning the equipment. Most concepts will also provide training and maintenance support to help you keep up with your machine.
Learn more about owning a vending machine business:
1. As with all retail merchandising, location is everything in the vending machine business. The more foot traffic that passes by the machines, the higher the sales potential. Having the right product at the right place is the key to a successful vending operation.
2. There are many advantages to owning a vending machine business. Vending machine operations typically have a low start-up cost, low working capital requirements, and low overhead. Vending machines make money around the clock without the owner present. Automatic merchandising is more resistant to recession than traditional retail stores.
3. Euromonitor International reports that common trends in the Canadian vending industry include non-cash machines and more convenient payment methods as well as an increase in consumer desire for healthy snack vending.
4. Some machines require minimal effort to run, and can be restocked quickly with bulk merchandise, like candy, and less often. These usually sell lower cost items in larger volume. Others machines require more time to refill and sell higher priced merchandise, like different food stuffs at different prices. Before you buy, it is best to consider what makes a good location and understand what products will sell best there.