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re: Anyone own vending machines?
Posted on 12/12/22 at 1:57 pm to Errant_Knight
Posted on 12/12/22 at 1:57 pm to Errant_Knight
quote:
It isn't like this takes hours. Depending on the size of the machine and how often you can visit the location it only takes a few minutes to restock.
I have some experience, I worked for a non profit that had an ice machine and some vending machines.
Unless you are a true true hustler as I said there's no money in them that's worth your time. Op is a lawyer that's buying rental homes, there's a HELL of a lot more money in him putting his time and effort there.
At some point when you make $100-150k (OP claims he makes much more) you have to look at the time-value of money and vending machines aren't there.
The issue with vending machines is you have to be johnny on the spot all the time, or they aren't selling shite. Even stopping at 5 machines a week to make $500 is going to get old as shite very very fast to someone already making money.
Its not just about breaks, its about money jams, internet going down, power outage, etc. If you have a location doing okay then the client is going to want that fixed asap.
As I said, my experience is its VERY difficult to get more then one good location. There's people hustling vending machines 24/7 in almost any town. If you want to truly make it into an eventual full time job that's one, but OP doesn't.
I just think there's a lot better hustles out there, hell driving for Uber would likely be more worth your time.
This post was edited on 12/12/22 at 1:59 pm
Posted on 12/20/22 at 2:17 pm to baldona
Can you tell me about better hustles? I’d like to own something like those degenerate stores that sell pipes and fake weed but it seems like that market is pretty full
Posted on 12/25/22 at 7:22 pm to baldona
Also someone is always and I mean always trying to hijack the best spots so after a year or so and many thousands invested, someone's good buddy could easily evict you from your honey hole.
Posted on 12/25/22 at 8:26 pm to baldona
I would MUCH rather $100k income vending machines than from rental property. So much much more liquid and so much less capital intensive.
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