Category Archives: Start A Vending Business

A Guide to the Top Contactless Payment Systems

contactless payment systems - A&M Equipment Sales

These days, only 41 percent of Americans carry cash around with them. And the millennials leading this trend dismiss paying by cash as “inconvenient.” Convenience is the driving force of any vending machine business. As such, installing a credit card reader on all your machines is essential to thrive in our near-cashless society.

Although it’s not only the days of customers smoothing down dollar bills to pay for snacks that could be about to disappear. Contactless payment systems are finally starting to take off in the US. This means that standard chip and PIN card payment systems might not cut it anymore either.

But before you invest in contactless vending machine accessories, it pays to know the top types of payment systems available. Keep reading to find out more.

The Top Contactless Payment Methods

Contactless payment systems use near field communication (NFC) technology. This allows consumers to tap their card, smartphone, or another device near a contactless reader to pay without entering their PIN.

With contactless phone or smartwatch payments, consumers don’t even need their card. This offers added convenience for vending machines in gyms, where customers might not have their credit card to hand. Contactless payments are also a lot more hygienic, which is a bonus for vending machines in locations like hospitals and clinics.

If your vending machine card readers aren’t NFC-capable, don’t panic. Our new card readers have the necessary hardware to install no contact payment systems. Here’s a rundown of the top payment systems around:

Apple Pay

Apple’s 43.9 percent share of US smartphone sales makes Apple Pay popular with retailers. Consumers can set up Apple Pay using their iPhone, Apple Watch, or iPad. Although, iPads won’t work for contactless payments. To ensure your vending machines can accept Apple Pay, they must have an NFC-capable PoS terminal and the correct software.

Google Pay

Google Pay allows retailers to accept contactless payments through the customer’s Google account. Unlike Apple Pay, consumers can use their tablet for contactless Google Pay payments. Google Pay also works with any Android phone or smartwatch with Android 5.0 or higher, NFC capabilities, and host card emulation (HCE). To accept Google Pay contactless payments your vending machine must use a Google Pay processor.

Samsung Pay

Samsung Pay isn’t as well known as its competitors. Although, Samsung’s 26.9 percent share of US smartphone sales makes it a good option for your vending machine business. Not least because Samsung’s technology also allows contactless payments via magnetic strip terminals.

Visa payWave

Visa has driven 100 million Visa-branded contactless cards into the US market. This move has allowed Americans to continue paying by card as their preferred contactless method. With NFC capabilities, your vending machines can take advantage of this continuing preference.

Your Guide to Contactless Payment Systems

The trend for contactless payments is finally gaining momentum in the US. Consumers are now recognizing the speed, convenience, and safety contactless payment systems offer.

As a vending machine operator, this is a trend you can’t afford to miss out on. For more information on updating your vending machines with contactless card readers, contact us today!

Vending Machine Accessories: Everything You Should Know

Vending machine accessories

With a market size of $8 billion, the American vending machine industry is a huge one. If you’re someone who works installing and maintaining these machines, you have a lot to consider. After all, your machines likely get a lot of use, and maintenance is key to making sure that they continue to be lucrative!

Here, we’re going to talk about the vending machine accessories that you may need next time you perform this maintenance work. Read on to learn what parts you might need to buy and how you can get in touch with us to purchase these add-ons!

Bill Validators

Since validators come in various voltages and sizes, you’re going to need to make sure that you get the appropriate one for your machine. Check out the label of your current validator for the make and model. You likely will want to order the same one again.

Our rebuilt bill validators come with a 90-day warranty despite the fact that they already have been tested thoroughly. This ensures that you will be getting the best possible product for your machine so that it works well for a long time! You also can choose what bills you want the machine to accept. Some only take $1 bills, while others take up to $20 ones.

Coin and Bill Changers

Coin and bill changers are quite possibly the most essential part of a vending machine (besides the food and drink, of course). If yours is broken, it’s important to take action right away and keep your machine on par with these images. Once installed, they will dispense your choice of bills and coins (including nickels, dimes, and quarters).

We offer both new and refurbished coin and bill changers so that you can choose whichever option best fits into your budget. Like with bill validators, you’ll likely want to purchase a coin changer that’s the same model as your old one. This will avoid any difficulties with installation.

Credit Card Readers

If your machine doesn’t take credit cards yet, you should invest in a credit card reader. Many people don’t carry cash around with them, so this is an inexpensive and convenient way to get more sales. In fact, credit card capabilities have been proven to boost sales by around 20%!

You can purchase new readers and have them installed quickly. This also applies if you have an outdated or broken credit card reader installed on your vending machine. It’s critical that you have maintenance done regularly to ensure that your machine is working at maximum efficiency.

Get Vending Machine Accessories Today

Now that you know some of the best vending machine accessories on the market, it’s time to get started. Contact us online or call now at 770-482-7993 to inquire about getting accessories for your vending machine line. We offer all of the above services- and more- at an affordable price, and our experts are more than happy to answer any lingering questions that you may have!

Vending Machine Locations – The Lifeline of Your Business

The vending business is attractive to many entrepreneurs because it creates a mostly passive income. You gain the freedom to do the things you love while the machine works for you. But really, it’s not as simple as it sounds. Creating a profitable vending machine business requires a lot of thought and work, especially when identifying a good location.

When looking for ideal vending machine locations, you’ll want to consider not only the location but also your target customers. Are you targeting school-going children or adults checking in and out of the gym? Whichever your target market, ensure that you go for a spot with significant foot traffic.

Steps to Finding the Best Vending Machine Locations

1. Do Some Preliminary Research

Identify potential spots and get a feel of the most common traffic in that area. What kind of products could go well with that location? Are there other options available such as a convenience store or another vending machine?

2. Identify What You’ll Be Vending

Depending on the locations you’ve identified, you’ll want to identify the type of products you’ll be selling. Some of the things to consider include the product’s cost, shelf life, and profit margins.

3. Choose The A Location That Is A Good Fit For Your Business

From the already identified potential spots and the possible product(s) that most appeals to your target market, you can now go for the location that will be the best fit. Some of the qualities to look out for in an ideal spot are:

  • High traffic: An area with high foot traffic such as train stations, airports, shopping malls, schools, event centers, and government buildings are suitable for a vending business.
  • A spot with no existing vending machines and other competing companies
  • An area where people have to wait or line up for services is also an excellent option for vending machine businesses. These include repair shops, medical centers, salons, public libraries, and even hospitals.

4. Draft A Proposal And Approach The Property Or Business Owner

Once you’ve identified your most qualified spots, you’ll want to prepare a proposal outlining how the vending machine will be a game-changer in that location.

Even if your preferred location has an already existing vending machine, you can find something different to offer that the property owner may like. You can also identify how you can out-compete other existing vending businesses by providing superior services and offerings.

Remember: Value proposition = location acquisition

When pitching your business to the property or business owner, be sure to outline how your business will also add value to their business. For instance, placing a vending machine in or around a hotel or motel can help keep their customers refreshed throughout their stay without needing to drive or walk so far away for refreshments.

Best Vending Machine Locations That You Should Consider

Are you looking for a great vending machine location but are unsure if you’ve found the right spot? Here are a few popular options to install a vending machine:

1. Apartment Communities

An apartment complex with popular amenities such as a pool, laundry room, gym, party room, or a clubhouse is an ideal location for a wide variety of snack and food vending machines. These areas have a flurry of activities and are usually highly trafficked by the members of that community.

2. Hotels and Motels

Look for motels and hotels that don’t have micro-markets and request to install a vending machine on their lobby or side entrances.

3. Gyms

Gyms are a great option to vend healthy products such as shakes, protein bars, and sports drinks.

4. Manufacturing facilities with lots of employees

Due to the consistent flow in these facilities, you can pitch to vend cold drinks and snacks to the hundreds of people working in the facility.

5. Schools, community colleges and universities

Schools have tremendous foot traffic that you can leverage to sell healthy, child-friendly beverages, snacks, and meals.

6. Auto Shops

This is one of the low-key areas that is mostly ignored. Yet, auto shops have hundreds of customers who have to wait to have their cars fixed. Having a vending machine nearby can be a great reprieve and make the wait more tolerable.

7. Hospitals and medical facilities

Hospitals and other health facilities have traffic flowing throughout the day and night. Having a vending machine that offers meals, beverages, and snack choices not only generates you passive income but also provides a convenient solution to visitors, patients, and health personnel working in the hospital.

Other excellent vending machine locations include:

  • Skateboard Shops
  • Grocery stores
  • Laundromat
  • Golf Course Lounge
  • Bank
  • Zoo
  • Warehouse
  • Assisted living center

Putting It All Together

The success of a vending machine majorly depends on its location. Identifying and getting a fit-for-business location will place you ahead of the curve, help you generate significant passive income and allow you to scale up over time.

Once you’ve identified a good location for your business, ensure that you also choose vending products that fit well with your target customers. Most importantly, don’t forget to offer exceptional customer service to help differentiate you from other vending businesses and carve out a loyal market for yourself.

The Complete Vending Machine Repair Guide

Vending Machine Repair - A&M Equipment Sales

Do You Need Vending Machine Repair?

Are your vending machines damaged, tired, ready to quit, or dated? Instead of going into debt purchasing a new vending machine, you can have them refurbished and repaired professionally. A comprehensive vending machine repair and refurbishing process guarantee that you get trouble-free services affordably.

 

A company with a dedicated team of experienced vending machine repair and refurbishing technicians will transform your machine from “as is” status to “like brand new.” In this guide, you’ll learn about repairing and refurbishing a machine. Bringing the machine to its mint condition.

 

Transforming Your Vending Machine To A Brand New Look

A modern-day design of a vending machine should be fancy and sleek. A complete vending machine repair and refurbishing process will change the outward appearance of your machine immaculately. The process involves pulling out all the parts of the machine. To than replace the damaged ones, painting everything anew, and adding new finishes to all the sides.

 

New Changer and Validator Standards 

Many vending machine owners, especially those located in high foot traffic areas, experience coin or dollar bill mechanism issues. At some point, the mechanisms simply stop accepting money. While you can prevent these problems from regularly occurring by cleaning the dollar path and the coin path, you should consider a comprehensive machine refurbishment.

 

In 2020, it’s more cost-effective to have your machine’s changer and validator remanufactured to the highest OEM standards. This will help avoid technical problems that may lead to unnecessary downtimes. An established vending machine repair and refurbishing servicer provider will give you a warranty. This will acr as a sign of backing their mechanisms remanufacturing process.

 

Your machine will be fully updated to the newest MDB standards. This means upgrading the changer and validator to MDB standards.

 

The process also involves putting guaranteed delivery on the machine, which is a force field that tells the vending machine that a customer has received his/her product in the delivery bin. Meaning, if the product fails to drop through the guaranteed delivery field, the machine will prompt the customer to make another request.

  

This allows the customer to know whether he/she prompted an empty selection or select to get his/her money back. This is a surefire way of ensuring all your customers are satisfied when using the vending machine on your premises.

 

Enhanced Product Display

Displaying the products in your vending machine in the most appealing way is super important in the vending machine business. A vending machine refurbishing process will typically involve pulling out your old fluorescent bulb. Next, you will look to replace it with a new LED strip.

 

The LED lighting will give your products a more 3D look by giving off a different color light. The new lighting will entice potential buyers more and increase sales dramatically. Additionally, this is a more cost-effective upgrade because the LED lighting can last up to 10 years.

 

Increase Energy Efficiency 

The LED lighting upgrade is more energy-efficient than the dated fluorescent bulbs found in old vending machines. The vending machine refurbishing technicians will also install a Vendmiser, which is a motion detector, at the back of your machine.

 

The motion detector minimizes the amount of energy your machine consumes by cutting your machine off for up to 45 minutes when it detects that nobody has been to the break room for a long period.

 

Conclusion

While professional vending machine repair services may seem expensive, it’s advisable to seek professional help to avoid extensive damages and costly repairs down the road.


We, at A&M Equipment Sales, offer steadfast shipping protection, which includes sturdy corner boards, 2×4 pallets’, shrink wraps, double metal bands, and leg runners to ensure your machine arrives at your location undamaged.

Our partnership with reputable carriers ensures that you get the most negotiated shipping rates on the market regardless of your location across the globe.

What the Coronavirus Means for Your Vending Machine Business

coronavirus

There is a lot of uncertainty in the world right now with the Coronavirus running rampant. This is a modern pandemic that we’ve never seen before, and it’s left a path of destruction in its wake. The Coronavirus pandemic has caused thousands to die, but there is a much deeper economic problem brewing.

That’s why, today, I want to show you how to navigate the harsh economic landscape brought by the Coronavirus. The economic impact has definitely been felt, and unfortunately, this is how it’s going to be for a while.

It may sound bleak, but it’s the truth. Now, while all hope may seem lost while everyone is stuck indoors, I’m here to tell you that there is no need to panic. Having a future-proof vending machine business is not impossible, but you need to follow the right steps.

By the end of this post, not only will you know how to thrive during the pandemic, but you’ll be able to provide a service that people truly need. So, without wasting time, let’s dive right in.

What to expect during the Coronavirus pandemic

The Coronavirus has introduced social distancing that’s never even seen before. People need to remain 6 feet apart, and all non-essential businesses have started to close their doors. Nobody knows how long this will go on for, so I want to spend some time going over what the impact of this will be on the vending machine industry.

The Current State of Vending Machines

While a lot of businesses are closing, that doesn’t mean that vending machines are suddenly irrelevant. Believe it or not, the opposite is actually true. While there may be rules and regulations surrounding walk-in businesses, there has been no legislation or temporary holds put in place on vending machines.

I also want to mention how helpful vending machines can be during the pandemic. There is little to no human interaction, and people can safely get the products they need without risking their health or the health of others. It’s a win-win, which is why they remain open. 

A trend we are starting to see is many of our venders are replacing their Micro Mart setups with automated vending machines because of new safety issues due to COVID-19 and the easy spread of germs.  This trend is because, with Micro Marts, customers can touch the merchandise before purchasing.

So, if you were worried about closing up shop for a while, hopefully, this puts your mind at ease.

Adjustments You May Have to Make

As I mentioned a moment ago, vending machines are still able to operate as they were. Now, while this may be the case, that doesn’t mean that you won’t feel an impact. Depending on the location of your vending machine, there could be a huge fluctuation in foot traffic. If you have a machine in a non-essential business, trust me, you’ll definitely want to find a new spot as soon as possible.

On the other hand, if you have a vending machine in a good location or essential business, you can actually expect a very similar profit margin. So, when push comes to shove, it really comes down to your location.

Keep in mind that some situations may be unique, so just keep a close eye on the location of your vending machines to see if you may need to move.

The future-proof vending machine business: how to turn a profit while helping the community

I’m sure many of you are worried about maintaining the costs of your machines and potentially losing out on the profits you’ve been expecting. I know how frightening that can be, but it doesn’t have to be that way. As a vending machine owner, you’re actually in a great position to make some money. Let me explain.

Choosing a High-Traffic Location

The first thing you’ll want to do is choose a location that has high-traffic. During social distancing, my advice is to look into food service locations. These can be supermarkets, pizzerias, parks, and any other place that people might flock to when it’s time to leave their homes.

Even if it’s only temporary, moving your vending machine to one of these locations can be very profitable. Think about it, if people only have a few places to go, you have a chance to get your vending machine in front of all of the potential customers you need.

It may seem strange to look at it this way, but vending machines are in a unique position to actually see an uptick in business.

Choosing The Right Products

Location is only half the battle, so you need to be clever with your product selection. With the pandemic impacting supply and demand, people are typically only buying what they need. For a vending machine that carries snacks, this can be a bit problematic. Luckily, all you need to do is focus on your customers.

During the pandemic, people’s needs have changed. People will be more eager to get essentials like fruits, vegetables, groceries, and bulk goods. While vending machines may not be able to house large stocks of products, you can still help the community while turning a profit. To do so, consider stocking vending machines with products like:

  • Hand sanitizer
  • Canned goods
  • Tissues
  • Masks
  • Gloves
  • Disinfecting spray

If you stock products like this, I bet you’ll have no problem keeping your level of profits or even increasing it.

Final Thoughts

It may seem like social distancing is going to go on forever, but like all things, it will come to an end. The good news is that a future-proof vending machine business is easy to maintain during the pandemic. Plus, not only can you survive this, but you can help others do the same.

While there may be less foot traffic, think about the opportunity. A lot of businesses will be closed down, which leaves people with fewer options when it comes time to grab essentials. Filling your vending machines with the right products can help you keep the profits coming in while providing people with a service that can truly make a difference.

How Hair Vending Machines can bring you the Stability you Need

hair salon vending machine

Today, I’ll be showing you how hair vending machines can play a crucial role within your business. To be blunt, no matter the beauty business, a vending machine fitted with the right products can help you supplement your income.

If you own a hair salon, you know exactly how it goes; one day will be up, while the next may be down. Even the best businesses face temporary lulls in income, but what if there was a way around this? I know exactly how to solve this, and the answer might surprise you.

So now that you know what you’ll be looking at, I hope I have your attention because it’s time to learn all about how hair vending machines can be of service to you.

Leasing or buying hair vending machines

Before I get into just how effective hair vending machines can, I want to set some time aside to speak to you about your options. This is due to the fact that there are a few ways to go about obtaining a vending machine, and it depends on your goals.

Leasing hair vending machines

When you lease a vending machine, think about this process as renting out an area of your business. A company will come in, set up the machine, and be on their merry way. This is a great way to earn some passive income, and there are plenty of companies out there ready and waiting.

Now, while it may net you a profit, let me be the first to tell you that those profits are going to be slim. Why? Because it’s not your machine, and you’ll only get a percentage of the actual profits.

Buying hair vending machines

In my opinion, for a hair/beauty salon at least, buying a vending machine is a much better option.

Let me explain why:

Sure, it might cost you upwards of $6,000 depending on the machine, but the profits will pay for themselves. Trust me, hair vending machines in the right location will make you plenty of money.

You want to know what the good news is? That right location is your beauty/hair salon. Think about it; people already have an interest in your service if they’re shopping with you, so why wouldn’t they get the products they need all in the same place?

What should I stock in hair vending machines?

Now that you’re thinking about getting your hands on a little money maker, you’re probably curious about what products you should choose. Don’t panic, though, because I’ll give you some good ideas.

Hair related products

Now, if you own a hair salon, this is definitely a given. If you’ll be using hair vending machines, be sure to carry hair related products like:

  • Weaves
  • Shampoo
  • Conditioner
  • Hair dye
  • Hair spray
  • Moose

These are only a few ideas, but you see what I’m getting at, right?

Creams

Having body creams is also a great idea, and friendly for any beauty oriented business. Here are some ideas for you:

  • Face moisturizers
  • Edge Cream
  • Shaving creams
  • Exfoliating creams
  • Foot cream
  • Hand cream

When it comes to these products, please, feel free to get creative.

Accessories

Accessories is a broad term, and that’s due to the fact that so many different types exist. Now, for hair vending machines, you’ll want to stick with products like:

  • Fake eyelashes
  • Hair extensions
  • Stick-on nails
  • Makeup items

Like I said earlier; feel free to get very creative with this.

What products work the best in hair vending machines?

Now I’ve shown you the products, you’re probably wondering which route is the most profitable one. This is understandable, but what if I told you that you should carry a wide variety?

So instead of just carrying hair products in hair vending machines, why not throw some accessories and creams in as well. Think about it; the more product diversity you have, the better your chances of creating a sale can be.

Final thoughts

Hair vending machines are definitely something of a hidden gem within the beauty industry. It’s something that not a lot of people think about, but I hope that I have you thinking about it.

Vending machines may seem useless, I get it, but the second you have one you’ll immediately notice the difference. Even if you only make an extra $50-100 each day, which is the average in high traffic areas, that’s almost another $3,000 in income for your business.

So what are you waiting for?

Choosing the Right Vending Machine for your Laundromat or Coin Laundry

Laundromat vending machine

Owning a laundromat is a beautiful thing; it really is. You get to meet members of your community, and you provide a truly valuable service. Now, while this may be the case, have you ever asked yourself if you could do more with all of the space you have?  Today, we discuss everything “laundromat vending machines.”

Making money with a laundromat is a fairly simple concept; it just works. While this may be the case, having the right vending machine for your laundromat can earn you some extra cash; maybe even make some of your regulars happier to hang out for a little longer.

Therefore, I’ll be showing you how a vending machine can be a profitable tool for your laundromat. Plus, not only is it a great way to make extra cash, but you’ll also find that the right vending machine can be the perfect amenity to draw more customers in.

So let’s take a look at the options you have, and how to exploit them for some extra income.

Leasing

If you want to make some extra money with your laundromat, you can always lease a vending machine. This is a bit different than buying your own vending machine because you won’t have to handle any of the day-to-day.

What does that mean?

It’s simple, whoever owns the machine handles the hassle. They’ll choose the machine, maintain the machine, and even fill it with the product selection that they offer. All you need to do is rent out the space, and plenty of vending machines companies will jump at the chance to throw some coin your way.

Also, an important thing to be aware of with leasing is that there is no liability. If something is expired, or if someone injures themselves, you’re not held accountable.

What’s the downside to laundromat vending machines?

The only real downside here is that you won’t earn a large share of the profits. This is a set it and forget it type of deal, so just make sure you know what you’re getting into.

While leasing a vending machine may be hassle-free, I would definitely consider buying a vending machine if you own a laundromat. I’ll have more on that for you in just a moment.

Buying

Now that we’ve taken a look at the leasing option, I want to show you why buying a vending machine is very lucrative. It might seem like they don’t draw in a lot of money, but it’s actually quite the opposite. When you buy a vending machine for your laundromat, it will definitely pay for itself.

How much do laundromat vending machines cost?

The price can really range. This is due to the fact that older machines can be as inexpensive as $500, while a brand new machine may cost you up to $4,000 (top-notch).

While a new machine will look flashy and have more appeal, it’s not a bad idea to look at an older machine. Why? Because they all perform the same exact function anyway.

Pro tip: save some money upfront and dress it up yourself!

How profitable are laundromat vending machines?

Laundromat vending machines are a very solid way to make some income. You can even finance most new ones for less than $500 per month, and you’ll likely see an ROI of around $1,000 per month. So when you think about it, choosing the right vending machine can be highly lucrative.

What laundromat vending machines offer the best ROI?

This is really up to you, the owner, but I do have some tips to make sure that this is worth it. For example, the average combination vending machine (both food and drink), can make you up to $50 to $100 per day. Of course, this all depends on the location; which is why your laundromat is an excellent spot for a vending machine.

Let me break this down for you. At a laundromat, people spend quite a bit of time there. Not only are people coming in quite often, but when they’re spending 20-30 minutes waiting around, they may be tempted to grab a snack.

Here is a quick look at some of the best laundromat vending machines based on the upfront price and profit expectation:

  • Food and drink machines: more expensive upfront, but more profitable over time
  • Bulk candy vending machines: very inexpensive, and a good way to make consistent money; albeit a bit less

Final thoughts 

At the end of the day, I can’t make this decision for you. I know that you may have a lot of expenses already, but when you consider the easy money that you can make with laundromat vending machines, it’s definitely worth it.

Personally, I would start with a small machine. Maybe go with a bulk candy machine to get your feet wet. See how that machine does, and if you like what you see, grab yourself food and drink machine to go with it.

Also, keep in mind that a lot of this has to do with your clients. Obviously, you know your clients best, so go ahead and stock whatever you think they might like the best.

If you’re feeling bold, why not ask around to see how your customers would respond?

Now that you know the facts, do you think that laundromat vending machines are right for you?

Why Take Advantage Of A Vending Machine Business Opportunity?

Vending Machine Business Opportuntiy

It’s a good idea to learn a little more about a vending machine business opportunity before you invest in it. That way, you can know if it’s something you’re willing to work with. Here you’re going to learn what to do and what to expect when considering getting into the vending machine business.

Do Your Research

You’re going to first want to know why a vending machine business is worth starting. First of all, you’re going to make good money off of the machine, especially if you can get it placed in a spot where there are a lot of people coming through. Another benefit is that you can work for yourself instead of having someone telling you what to do with your machines. There are ways to get vending machines cheap that you can pay off over time, as well, so you don’t have to be rich to start a vending machine company.

Relationship Building for a Vending Machine Business Opportunity

When you want to work with vending machines, you’re going to want to make friends with people that have businesses where they have a lot of foot traffic. For instance, you may have a call center company nearby that employs a lot of people that need snacks and beverages while they’re at work. Since they probably can’t leave work whenever they want to get something to eat or drink, you can work with the company to place vending machines in the building where people tend to gather like the room where people go to eat lunches.

Vending Machine Maintenance

A vending machine business is going to make you money if you make sure to take care of your machines. If you have a lot of machines, then you may want to hire someone to help you take care of them. Either way, if you don’t take care of your machines, they can run out of product, or something can happen like one may get jammed up and not take money any longer. If you pay attention to what’s going on with each machine, you can make sure they’re filled with product and working the right way at all times.

What Products Should You Use for Your Machines?

There are a lot of vending machine types out there that you can work with. You’ll also find that there are a lot of places to source product from, so you don’t have to pay full price for food and beverage products. Once you have a business started and have a few vending machines you can place somewhere good, you’re going to need to find a source for product. Look for local vendors in your area, or if you have to have product delivered since it’s cheaper that way for you, then set that up right away so you can get started.

What To Do After Reviewing a Vending Machine Business Opportunity

Now you know about vending machine business opportunity options that are out there. If you want to make good money, remember that location is key and that you need to take care of your machines. It’s important to really take the time necessary to do a great job so you can make the most money.

Vending Machine Financing: How To Fund A Vending Machine Business

Vending Machine Financing

Vending machine financing can make or break your vending machine business. Whether you are a young entrepreneur or a retiree looking to add another income stream to your portfolio, starting a vending machine business is a good option. Vending machines are synonymous with convenience, and they are everywhere. Importantly, from an investment standpoint, the vending machine industry is a multi-billion dollar industry with the potential to grow some more.

As it stands, this profitable venture helps companies and business people across the country improve their bottom lines quite considerably every year. With proper location research, having the right growth strategy in place, and making use of an optimal vending machine financing, there is considerable potential for you to rack in profits year-over-year. Moreover, you can succeed in growing a profitable business venture with little capital expenditure and low maintenance requirements.

With that in mind, herein we will explore how you can start and how to finance your vending machine business.

How Important Is Vending Machine Financing To Your Business?

Equipment financing is fundamental to the success of your business, considering the cost implications of setting up a vending machine business. Vending machines are expensive to purchase. For instance, a used basic vending machine model can cost well over a thousand dollars. However, investing in a basic model will limit the return on investment. You would accrue over time as it does not have many of the necessary features to capitalize on all opportunities.

If you want a vending machine that has an inbuilt credit card machine and other modern features, you should expect to fork out tens of thousands of dollars to purchase the vending machine. Moreover, you must have plans in place to grow your business. As such, you must be able to replace outdated and or broken vending machines. This will be to ensure your business continues to grow and reap maximum return on investment.

This is where equipment financing comes in. It helps you acquire the vending machines you need to start your business and to upgrade the equipment when needed. With the option to take up 100% financing, you do not have to worry about the high upfront costs associated with setting you a vending machine business.

What Are The Advantages Of Vending Machine Financing?

  1. Vending Machine Financing Helps You Optimize Your Financial Resources

With vending machine financing, you can free up more of your financial resources. Leaving more to other critical areas of your business to support business growth. You do not have to spend all your working capital on purchasing vending machines.

    2. It Lowers The Up-Front Costs

Aside from receiving 100% financing on the equipment cost, you can get financing on the delivery and installation costs as well as taxes. This reduces the upfront costs you incur, allowing you to start a profitable business on a limited budget.

   3. Payment Flexibility Of Vending Machine Financing Helps You Grow Your Business

When you deal with a good financing company such as Vend Lease, you receive exceptional payment flexibility terms. A flexible payment structure helps you sustain your growth as it conforms to your cash flow fluctuations. Moreover, Vend Lease has many end-of-term options you can choose.

   4. You Do Not Have Worry About Equipment Disposal

With vending machine financing, you do not have to worry about how to dispose of the vending machines. The financing company handles the disposition of the machine, taking away any unnecessary burden that comes with selling the vending machine on the used vending machine market.

For your business, this means you retain and preserve your line of credit. Thus, ensuring you have the right cash reserves and cash flow for your business to thrive. So, when you choose a company with ample payment flexibility such as Vend Lease, you do not have to strain to pay for the financing of your vending machine business.

Vending Machines for Gyms – What Is Possible?

Vending Machines for Fitness Centers - A&M Equipment Sales

Looking to Add Vending Machines to Your Gym?

Gym Vending machines are becoming more and more popular. Fitness centers all over the country are adding vending machines to take care of their customer’s needs. With more and more fitness centers, being open 24 hours, there is no way to stock and sell all the items your customers might need without a vending machine.

My name is Joe Nichols, and I have been going to the gym for the last eight years. When it comes to wants and needs, I always find myself in search of one thing or another. And sometimes, it’s not what you would typically think you would find in a vending machine.

As a vending machine professional and occasional gym rat, here are the many items you can find inside vending machines today.

Drink Vending Machine Items:

  • Gatorade
  • Specialty Water
  • Muscle milk
  • Pre-workout drinks,
  • Protein Shakes
  • After workout drinks

Snack Vending Machine Items For Gyms:

  • Protein bars.
  • Trail mix
  • Candy bars.

Hardware Vending Machine Items:

  • As far as hardware, here are some great items to stock.
  • Locks (for the lockers)
  • Earplugs,
  • Surgical Masks
  • Umbrellas
  • Books

Other Non-traditional Vending Machine Items:

  • Hair Extensions
  • Champaign
  • Caviar
  • Cupcakes
  • T-shirts and lingerie
  • Gold (Yes…Gold)

Payment Systems for Gym Vending Machines:

As for payment systems. I always carry my cell phone and a credit card. With a credit card reader, these machines will accept credit cards and Apple Pay. This machine will accept cash, credit cards, and Apple Pay. The credit card acceptor also has a display to show advertisements or upcoming events. All of this information can be displayed on one 39-inch-wide machine.

As a final note, most items in these machines can be purchased at Sam’s Club or Costco. Each vending machine has a telemetry system that tells you what items are sold out and the amount of money in the machine.

Need help with your gym vending machine options? Check out our vast selection of new vending machines and used vending machines for your business. We can also provide custom graphics for the machines, or you can make up your own. Why not make money and also provide for your customer’s needs? For the perks, call your team at A&M. You can email Barry, Jonathan, Jerry, or Joe, and they are available to help you through the entire process. You can also call them direct at 1-800-713-6217.