Vending Business - Ever Growing Industry

Vending machine business is an ever growing industry. It may be little surprising to know that every 15 minutes, over 3.5 million coins are being inserted in vending machines that are located across the globe. It is estimated that by next year, the total annual sales of this industry would increase approximately by 55 billion dollars.

What makes this business so lucrative?

• All cash: Vending business is an all cash business and you would start getting returns on your investment from the very first day i.e. as soon as your machine gets located. This means that there are no chances of any bad debts. Since cash is handled by the machine, the work done by the operator is minimal. You only have to collect and count your cash.
• High success: 95% of vending businesses are successful. As there are no additional overhead costs like advertising, rents and salaries to employees, you can retain maximum profits. To ensure that the machine works well, you only have to stock it and maintain it well.
• High returns: The profit margins from vending machines are usually very high. This is even better in case of snacks, beverages and bulk vending machines. Within a shorter span of time you can earn back the amount you have invested in buying a vending machine. Once you have achieved break even, you can enjoy all your profits.
• Can be a full time or part time: An operator can take up vending business on a full time or part time basis. Generally most people start as a part time basis so that they can continue with their regular jobs. Once you realise that the income earned from vending business is exceeding your regular monthly income, you can completely switch to vending business.
• Perfect control: Vending machine business helps you have a complete control over your business. You have no time restrictions and no one to boss over you.

Technology advancement and changing trends are only helping this business is reaching the highest pinnacle in the business world. If you are a new entrepreneur who is wondering which business to take up, then we would definitely suggest vending machine business. So, its time to shun all your doubts and set up your own vending business.

For complete guidance on how to set up vending business, we recommend you to contact Planet Antares. Planet Antares professionals not only guide you on how to set up vending business from scratch but also recommend vending machines ideally suited for your locations.