Codie SanchezFounder @ Contrarian Thinking

Wanna make $10K/ Month with Vending Machines? #shorts

5 Apr 2022 · 1 min

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0:58

Quinn runs 27 vending machines and makes $10K a month working 10 hours a week. Each machine costs about $2,100 to set up, and he stocks them with soda and snacks from Costco. He uses software to track sales and says the whole business could sell for $300K to $400K.

Questions this video answers

$15,000 per month

$9,750 per month

About 27 machines

About 10 hours per week

$300,000 to $400,000

Chapters

He makes $10,000 a month operating vending machines remotely. Fascinating because he only spends about 10 hours a week. Quinn's monthly revenue is $15,000. He has a net profit of 9,750 and has about 27 machines. He could actually sell his business for anywhere from 300,000 to $400,000. So let's do the breakdown. First. You need the machine. Let's say machine costs you 1500 bucks. You need a CC reader for about 250, someone to move. That's about 100 bucks. You need inventory of about 250 total. All in is about 2,100 bucks. Fascinating part is not pay to the people where you put the vending machine. You're just offering another service. So he has them in low income apartments, hotels, motels, assisted living, hospital segment. Then what do you put in it? Soda, water, snacks, all bought from Costco in bulk. How do you run the business? He uses this software to track it. Software tells him everything about what to fill, when to fill. That equates to him now making closer to 20k a month as he's onboarded more machines and at better locations. Join the newsletter.