Vending machine businesses may include a single type of machine such as a drink vending machine, or may be part of a larger group with multiple types of vendors. In order to buy an existing vending machine business you should register for alerts so you are notified when a new business is listed. You can then make contact with the seller and request more information. Usually the seller or broker will ask you to complete an NDA to ensure the confidentiality of the business. Buying a vending machine requires professional advice during the process to ensure the due diligence is conducted properly.
A good vending machine business will be set-up in the right locations with alot of foot traffic. Obviously the more vending machines that are part of the business, the more potential money you can make. A good vending machine will be well serviced and maintained and be selling enough product that it needs to be refilled regularly.
There are vending machines businesses that sell all different types of products such as; drinks, snacks, toys, travel items, water, ice, beauty products etc. The type of business you buy could be an independent business or may be part of a franchise or distribution network. You may have to stock certain products or you may have a choice of what you sell. It depends on the type of business you decide to purchase.
A vending machine business usually has a lower entry point, so may be suitable for someone with a small amount of capital to invest. A buyer will need to have experience in business management and marketing to ensure they understand the market, have good machine placements and can negotiate leases. There may be training included if the vending machines are part of a franchise or distribution network. Vending machines require regular maintenance so experience in machine repair may be beneficial.
The major benefit of a vending machine business is that it usually requires minimal hours of work per week. The owner may be in a management role and overseeing the replenishment of stock or they may be physically driving to each machine's location and refilling the products. There is usually a low entry point to purchase this type of business. The more machines you operate under your business, obviously the more money you can potentially make, which means the business has growth potential.
Vending machine businesses usually take into consideration the cost of the machine, the stock that is being held and then a variable of the net profit to the owner. Obviously the placement of the vending machines matter, so it's important to evaluate each machine when you are buying the business. It’s important to obtain professional advice as you want to be sure you know what you’re agreeing to when purchasing the vending machine business. It is important to conduct proper due diligence.
A vending machine business will usually have multiple machines that are at various locations. When the machine sells a product, the business will generate an income. Typically it is by selling products such as soft drinks, chips, water, beauty items etc.
The best way to keep track of new business opportunities is to save your search result. You will be notified as soon as a new vending machine business is listed for sale.
Selling a vending machine business requires preparation. Having a solid exit strategy will mean your business is ready for sale and has a greater chance of achieving an optimum price. It’s important to be prepared for the sales journey as it usually takes around 6-9 months to sell a business in Australia. Check out Bsales 6 steps to prepare a business for sale which will provide you a checklist and a general step by step guide. Business brokers are licensed professionals who can assist with the sale of your business and market it on websites such as Bsale. Check out the Find a Business Broker section to locate a suitable broker for your business. Bsale also offers advertising direct to business owners.
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