How Much Can You Make off a Vending Machine per Year?

Profits are the first thing on the minds of most people who are interested in vending machines. It is a business, after all, and the primary goal is to make money. With that being said, you would be pleased to know that vending machines are indeed a lucrative investment. However, before you can reap the profits, you would have to play your cards right. That is what we are going to talk about in this article.

Average Yearly Profits from a Vending Machine

There are so many factors involved in the vending business. Because of this, it is very hard to predict just how much a specific machine can make in a year. We need to consider the location, the products, the target market, and so on. All this would have an impact on the profit.

But let’s say a vending machine operator does their homework well. With the right decisions, they are able to find suitable conditions for their business. A vending machine in such positive circumstances would be able to make an average of €300 a month, or approximately €3600 a year in profits. As a side hustle, this is not bad at all. However, we also need to factor in the many costs of the business to find out just how profitable it really is or isn’t.

Costs of Starting a Vending Machine Business

The expenses in starting a vending machine include the cost of inventory, various operational costs, repair, maintenance, and labor. But the biggest expense is usually the cost of the vending machine itself.

If you purchase a brand-new machine outright, this could set you back thousands of euros. Fortunately, you don’t have to do this. There are many more viable alternatives like taking out a lease or opting for a refurbished machine. You can also avail a fully managed service from a reputable vending machine provider. All these options are much cheaper than an outright purchase, and can greatly increase your net profits.

Top-Earning Vending Machine Products

The size of your profits also depends heavily on the kind of products that you sell. You can go for inexpensive products that sell fast, or those that don't sell too much but generate high profit per sale. In the case of vending machine sales, quantity often trumps quality. In other words, low-priced but highly saleable items like snacks, beverages and even ice, make the most money in the long run.

Maximize Vending Profits with the Right Company

Possibly the most effective way to maximize the profits from your vending business is to partner with the right vending company. We’re not referring to a regular vending machine supplier that will sell you top-of-the-line automats. We are talking about a reputable vending solutions provider that can give you fully customized vending products and services, just like Vending-Machines.ie.

A vending industry leader since 1930, Vending-Machines.ie has delivered stellar vending solutions to hundreds of owners and operators in Ireland and the United Kingdom for decades. If you want to succeed in your venture, you will find no better partner. You can learn more about their outstanding products and services by getting in touch and booking a free consultation!