Healthy vending is gaining momentum, and investors recognize the value of this opportunity. Because vending machines don’t require a lot of attention, it is an extremely appealing, money-generating, passively-run business.
After my second child was born, I stayed home with our two young kids, but I didn’t want to lose my income from working a full-time job. Scouring the Internet for passively-run businesses, I stumbled across an ad and purchased ten vending machines. Being a novice in business, I thought these machines were going to make me a fortune. I realized I was wrong. By the end of the year, I purchased and serviced over 100 machines. I remember having so much coin to deposit that I had to use a dolly to bring all the coins to the bank. By year three, I acquired over 250 machines, still taking my kids with me to every location. At the end of that year, I sold the business and doubled my investment and became an expert at locating vending machines. I also wrote an e-book, How to Locate Vending Machines, which sold around the world.
I like the convenience of vending and the income potential the opportunity provides. Some of the perks include the following:
- More pressure is being placed on employers and school officials to stop obesity and offer healthier selections.
- Most employees have limited time to go out to lunch and find it more convenient to purchase a healthy snack from a vending machine.
- Purchasing a healthy snack is very convenient. You swipe your credit or debit card, and money deposits into your account.
- You don’t have to give up your full-time job to get started, and the business continues to operate 24/7, year-round even when you’re on vacation.
- You can start a healthy vending business for under $50K, and it can be easily funded through an SBA lender.
- The company doesn’t require a lot of training, and you can begin in less than a couple of weeks.
- Once you start this business, you can write off a variety of expenses, which will decrease your taxable income.
Those are just a few significant benefits in vendor franchising, and there are so many more. Why not cash in on healthy vending and watch your profits grow?
– Sue Bennett, Certified Franchise Consultant
Sue Bennett, CFE, CFC; Co-owner of FranFinders, a Franchise Consultancy and Funding Company, with her husband Rob, since May 2008. They have helped hundreds of clients create wealth through franchise ownership. She is also the co-owner of several storage facilities in NC, SC and GA.