Projected Profit:$31,200-$46,800 per year
This is an idea for a beginning entrepreneur who wants to start a profitable business.
You see vending machines everywhere, but you never really think about how much money you can actually be making from a vending machine business.
To start up a vending machine business, you need at least $1000-$3000 to buy a new vending machine, or $500-$1500 to buy a used business. You also need to find a prime location where there will be a lot of people. Schools, colleges, malls, shopping centers, public places, swimming pools, etc.
Profits from a vending machine business vary from the size of the machine and where you put it. Your vending machine should hold 45 different selections, and have at least 10-20 of each selection in stock. That single machine will make between $5200-$7800 a year in pure profit.
If you were to invest in 6 machines for a vending machine business, it would cost you about $9000 ($1500 per machine). The profits you would make though would pay for those machines in less than a year. Every year, your annual income from those 6 machines would be $31,200-$46,800. It would be your responsibility to keep the machine stocked, and check out the price for rental space.
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