Chris KoernerSerial Entrepreneur and Content Creator

Great side hustle #sidehustle #vendingmachine #entrepreneurship #podcast #sidehustleideas #business

4 Jul 2024 · 1 min

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0:57

Quinn runs 60 vending machines and ATMs, working 15 hours a week for $11,000 a month. He started with $2,320 per machine and places them in apartments, hotels, and hospitals. The business could sell for $300k to $400k.

Questions this video answers

60 machines

Reported revenue: $18,000/month; reported net profit: $11,000/month

About 15 hours/week

A machine: $1,600; Credit card reader: $300; Someone to move it: $120; Inventory: $300. Total: $2,320

Estimated sale price: $300,000–$400,000

Chapters

My friend Quinn makes 11 grand a month operating vending machines and ATMs remotely, and he only spends about 15 hours a week on the business. His monthly revenue 18 grand net profit 11 grand 60 machines and he could sell his business for 3 or 400 grand. Here's what you need to get started. A machine 1600 bucks Credit card reader 300 bucks Someone to move it 120 Inventory 300 Total 2,320. You don't need to pay to place the machines, it's just a service for that location. And he puts them in low income apartments, hotels, motels, Holiday Inns, assisted living and hospitals. He fills them up with soda, energy drinks, water and healthy snacks like Doritos that he buys from Costco in bulk. He uses software to track everything, what to fill, when to fill it. And this is going to help him double his income. I interviewed Quinn on my podcast The Kerner Office Episode 35. Listen for free, no ads or go to this URL to buy Quinn's course for a hundred bucks so you can learn how to do this stuff yourself. Follow me for more business ideas like this.