Category: Financing

The Evolution of Vending Machines
Posted on | by Phil Masters | Leave a Comment on The Evolution of Vending Machines: From Ancient Beginnings to Now

The Evolution of Vending Machines: From Ancient Beginnings to Now

Did you know the first vending machine was invented to dispense holy water in ancient Egypt? That’s right — the vending machines we know today have their roots in ingenious ancient technology! 

In this blog, we’ll explore the history of vending machines, from their humble beginnings to today’s innovative, multifunctional devices. We’ll also give you a glimpse of the innovative advancements shaping their future. Let’s dive in!

A Brief History of Vending Machines

The concept of vending machines dates back to ancient times, and over time, they’ve transformed from simple devices to sophisticated machines catering to various needs.

Vending Machine Timeline

Year Event
215 BC Hero of Alexandria invented the first known vending machine, dispensing holy water.
1880s The first commercial vending machine, which sold postcards, was introduced in London.
1893 The first soda vending machine was installed at the World’s Fair in Chicago.
1900s Vending machines started gaining popularity in the United States, initially dispensing postcards and cigarettes.
1920s The first vending machines selling snacks and candy appeared.
1950s The introduction of coin-operated vending machines has become widespread in the U.S.
1970s Snack and beverage vending machines have become a common sight in workplaces and schools.
2000s The rise of cashless payments transforms vending machines, allowing credit and debit card usage.
2020s Smart vending machines emerge, equipped with touchscreens and IoT connectivity.

 

Pioneering the Future: Vending.com and The Wittern Group

Vending.com’s parent company, The Wittern Group’s journey, began in 1931 with Francis Arthur Wittern, whose original investment of just $12.50 laid the foundation for a remarkable legacy. One of his first machines, a penny peanut dispenser, featured an innovative twist for its time—a bell that rang every ninth vend, delivering a free portion and delighting customers. Over the past 90+ years, The Wittern Group has become and continues to be a leader in vending machine innovation and technology, celebrated for its commitment to excellence.

At vending.com, we carry forward this legacy by introducing the latest vending equipment, designs, features, and cutting-edge technologies, such as cashless payment systems. Together with The Wittern Group, we continue to redefine convenience and remain a trusted leader and partner for businesses worldwide.

The Latest Vending Machine Features

Vending machines have come a long way. Today, they’re equipped with advanced features that enhance the user experience and streamline operations. Here are some of the standout features you can find in modern vending machines:

  1. Smart Technology: Many vending machines can incorporate or are equipped with technology that analyzes purchasing patterns and optimizes inventory. This allows operators to stock machines with in-demand products to maximize their sales. 
  2. Cashless Transactions: With the rise of mobile payment apps and contactless cards, vending machines can accept credit and debit cards and mobile payments like Apply Pay and Google Pay, making the experience faster and more convenient. Here is an article on how you can go cashless.
  3. Interactive Displays: Touchscreen interfaces provide detailed product information, nutritional facts, and personalized recommendations.
  4. Remote Monitoring: Operators can monitor stock levels and machine performance in real time, ensuring efficient management and reduced downtime.

Conclusion: A Vending Revolution Awaits

The vending industry has a promising and profitable future. Future advancements will create new opportunities for businesses and operators alike. 

At vending.com, we are at the forefront of vending innovations. Whether you’re looking to start your vending business or upgrade your current equipment, our solutions can help you succeed.

Ready to explore the future of vending? Contact vending.com today and discover how our innovative machines can help you succeed in this thriving industry.

fitness vending machine blog
Posted on | by Phil Masters | Leave a Comment on Power Up Your Fitness Center: Exploring the Profitable World of Fitness Vending Machines

Power Up Your Fitness Center: Exploring the Profitable World of Fitness Vending Machines

A recent study by IHRSA, part of the Physical Activity Council, revealed that more than 21% of Americans (66.5 million consumers) belonged to a health club or studio in 2021. This indicates a growing demand for wellness-related services and presents a unique opportunity for vending operators and fitness club owners.

Traditionally, vending machines have been associated with unhealthy snacks, but now they have evolved to offer a wide range of healthy snacks, drinks, and even workout essentials. A good example is Fitness Vending Machines, which provides a variety of fitness-related products such as protein bars, energy drinks, resistance bands, towels, hand sanitizers, earphones, and more. In this blog, we will delve into Fitness Vending Machines’ benefits and profit opportunities.

Benefits of Fitness Vending Machines

Convenience:

Fitness vending machines offer quick access to workout accessories and supplements, making it convenient for gym members to get what they need without leaving the gym.

Additional Revenue Stream:

Offering a variety of products, such as protein bars, energy drinks, and workout accessories, for sale creates an additional revenue stream and increases owners’ income.

Increased Sales:

Customers may be more inclined to purchase additional items when they have easy access to various fitness equipment and accessories.

Enhanced Member Experience:

Members can conveniently purchase essential fitness products on-site without making an extra trip to the store, improving their overall experience.

Space Optimization:

Vending machines take up less space than traditional retail displays, allowing gym owners to optimize their floor space for workout equipment and amenities while still providing essential products to members.

Customization and Flexibility:

Gym owners can easily customize the product selection in their vending machines based on their members’ feedback, preferences, and seasonal trends to stay relevant and valuable to generate income year-round.

Promotional Opportunities:

Vending machines can promote special deals, discounts, and new products, increasing sales and excitement about available offerings. This also generates excitement and will keep members returning.

Reduced Labor Costs:

Vending machines operate independently with minimal staff intervention and require less labor costs associated with inventory management and restocking compared to traditional retail setups.

Differentiation From Competition:

Fitness Vending offers a unique amenity that enhances convenience and caters directly to members’ needs and satisfaction, giving it a competitive edge in attracting and retaining members.

Okay, now let us discuss the top Fitness Vending Machines in the industry.

MarketOne Fitness Merchandiser – Elevate Your Gym Experience

Step into a new era of fitness vending with the MarketOne Fitness Merchandiser, designed to cater to the needs of gym-goers. This vending machine provides a wide range of up-gym, fitness, and exercise-related items, with 38 different product selections. It provides gym-goers with everything they need, including supplements, towels, beverages, and more, all in one convenient location.

To expand the product range and cater to a broader range of needs, the MarketOne Fitness Merchandiser can come equipped with an add-on locker. This locker has 12 compartments, providing ample space for bulky and oversized items that may not fit inside the vending machine. By expanding the selection available to customers, gym owners can enhance their customers’ experience. Offering a wide range of fitness equipment and accessories can encourage customers to make additional purchases.

The MarketOne Fitness Merchandiser is designed to provide gym-goers with a comfortable and reliable merchandising experience. It is ADA-compliant, ensuring that all customers can use it comfortably. The vending machine is also ENERGY STAR® rated, making it an environmentally friendly option. You can rest assured that your customers will always receive their products or their money back.

Trimline II Fitness Combo – Hydrate & Energize

The Trimline II Fitness Combo is a vending machine for fitness centers and gyms. This machine provides a top-notch vending experience. It offers a selection of 9 drinks and 20 snack items, ensuring a variety of options to satisfy diverse preferences. Gym owners can offer a variety of their customers’ favorite pre- and post-workout snacks and refreshments, such as protein bars, fruits, energy drinks, and water.

The Trimline II Fitness Combo includes features like the iVend Guaranteed Delivery System to increase your gym members’ satisfaction. It virtually eliminates misvends and ensures that your customers receive their products and their money back. Your gym-goers will love the convenience of quickly accessing what they need for their workout while you and your staff can focus on other business tasks.

Consider adding a custom wrap to the Trimline II Fitness Combo to give it a personalized touch. This wrap can be designed to match your gym’s look and feel, using your brand’s colors and messaging to increase brand awareness. It’s also an effective way to promote your products, draw the attention of gym-goers, and generate revenue. Learn more about custom graphic wraps by clicking here.

Fuel Your Fitness Center With Profits: Get Started Today!

Fitness vending machines provide a convenient and reliable way for gym-goers to purchase all the essential workout accessories while providing an additional revenue stream for gym owners and operators.

With the growing demand for wellness-related services, fitness vending machines offer a unique opportunity for differentiation and growth in the highly competitive fitness industry. By embracing fitness vending machines, operators and fitness club owners can meet the growing demand for wellness-related services, enhance customer satisfaction, boost sales, and differentiate themselves from competitors.

Are you ready to add an additional revenue stream to your business or interested in learning more? Contact Vending.com. Our experts are prepared and excited to answer your vending questions and help you find the perfect solution for your business.

vending machine
Posted on | by Phil Masters | Leave a Comment on Unleashing the Power of Vending Machines for Unparalleled Customer Satisfaction

Unleashing the Power of Vending Machines for Unparalleled Customer Satisfaction

In today’s cutthroat business world, providing exceptional client experiences is crucial for success. While many businesses concentrate on traditional customer service approaches, incorporating a game-changing solution can take your client satisfaction to new heights: vending machines. With their convenience, accessibility, and ability to enhance overall customer experience, vending machines have become the secret weapon for businesses across various industries. In this blog, we will dive into how the availability of vending machines can revolutionize client experience, increase convenience, and make a lasting impression on your clients. Get ready to uncover the key to unlocking unbeatable customer satisfaction!

Vending Machines: Convenience and Accessibility

Think about having your favorite snacks or necessary items within reach, no matter the time or place. That’s the beauty of vending machines for your business – they provide convenience at your fingertips. Vending machines offer 24/7 access, which means you can satisfy your customer’s cravings and allow them to purchase essential items anytime. Vending machines have become a crucial component in improving the overall customer experience. They offer unparalleled convenience and accessibility that keeps customers returning for more. Take a closer look at the vending machines provided by Vending.com.

Vending Machines: Personalized Experience

With advanced technology, vending machines have become more personalized for your business customers. They can be customized to suit specific client preferences, offering a variety of snacks, beverages, and even specialized options. Additionally, they provide customization options such as selecting portion sizes, dietary restrictions, and healthier alternatives. Vending machines can also recognize previous purchases, suggest new products based on customer preferences, and provide personalized promotions, discounts, and loyalty programs. All of these features create a unique and fulfilling experience for customers, fostering a sense of loyalty and satisfaction that encourages repeat business.

Vending Machines: Improved Product Quality and Freshness

Vending machines have improved their quality and freshness thanks to cutting-edge technology. These modern vending models can keep perishable items cool and fresh with advanced features like refrigeration and temperature control systems. Your business customers can now enjoy perfectly chilled vending machine beverages on hot summer days or indulge in deliciously crisp snacks that are as fresh as if they just came out of the oven.

Vending Machines: Customer Retention and Referrals

For any business to succeed, retaining customers is essential. Vending machines can be valuable in achieving this objective for your business by providing exceptional customer experiences. By offering convenience, quality products, and personalized options, vending machines can keep customers returning for more. This fosters loyalty and generates positive word-of-mouth referrals. Referrals bring in new customers who are already prone to trust and try your offerings. Enhancing the customer experience with vending machines promotes customer loyalty and creates new opportunities for revenue growth and business expansion. It’s a win-win situation that can elevate your business to new heights. 

Grow Your Business With Vending Machines 

Integrating vending machines into your business can transform how your clients interact with your services, providing greater convenience and leaving a lasting impression. What’s more, it can help boost your revenue too. Let’s consider how a janitorial cleaning business could benefit from incorporating vending machines as an example.

Integrating vending machines into a cleaning business can be a smart strategy to expand services and increase profits. By providing extra amenities and products through vending machines, you can offer greater convenience to your clients and distinguish your business from rivals. In addition, vending machines in a facility can generate additional income beyond the primary janitorial services.

Customers are always looking for ways to make their lives easier and more convenient. One way to achieve this is by offering a cleaning and vending service in one. This saves them time and strengthens the relationship between you and your customers.

Consider the advantages of having vending machines stocked with cleaning supplies, toiletries, and other necessities on your client’s premises. Not only will this save them the trouble of making separate trips to the store, but it will also ensure that they have immediate access to the supplies they need whenever they need them. By integrating vending machines into your business, you can enhance the overall experience for your clients and make their lives easier.

Adding a vending machine to your business shows your commitment to providing a seamless experience, making you more attractive to potential clients. Placing vending machines in your clients’ premises offers convenience and strengthens relationships. This customer-centric approach shows your dedication to meeting their needs. It can lead to long-term partnerships and referrals, which can help your business grow.

Draw more attention to your janitorial business by promoting your janitorial services through vending machines. This involves showcasing your advertisements or brochures on the machine and providing discounts with purchases to attract potential clients. This is an excellent way to market your services to a broader audience while taking advantage of the convenience and visibility of vending machines.

Incorporating vending machines is a forward-thinking move that shows a commitment to using advanced technology to improve service delivery. Not only do vending machines have impressive operational capabilities, but they also have the potential to be a game-changer when it comes to securing new contracts and retaining existing ones. Additionally, offering janitorial cleaning services through vending machines can create an additional revenue stream.

Make your Customers ‘Feel’ Valued

Enhancing the client experience using vending machines is vital in boosting customer satisfaction and securing lasting business prosperity. Vending machines can be an innovative means of expanding your range of products and increasing revenue. By offering supplementary services and products through vending machines, you can provide your business customers with greater convenience and set yourself apart from your competitors. At vending.com, we are a reliable and renowned vending machine manufacturer in America, dedicated to providing top-quality vending equipment and services to help take your business to new heights. Visit our website or call us at 1-855-929-1042 to learn how we can assist you.

Section 179 - Tax
Posted on | by Phil Masters | Leave a Comment on Don’t miss out on year-end tax saving opportunities with the Section 179 tax deduction for your vending business

Don’t miss out on year-end tax saving opportunities with the Section 179 tax deduction for your vending business

If you are wondering why all small businesses around you are rushing to make purchases, then you are in the right place. For those who have woken up from a 15-year slumber, Section 179 allows all businesses to deduct the total value of qualified purchases within certain limits while computing taxes. This has been around since 2008. This year the government provides several additional benefits to businesses, including the ability to deduct up to $1,080,000. This is the highest-ever deduction allowed so far. This number has varied each year and might not even be applicable in future years. For vending machine businesses interested in this Section 179 tax deduction in 2022, you have about six weeks to make eligible purchases.

Section 179

Eligibility for Section 179 Deductions

Large businesses can enjoy the same deductions as small ones under Section 179. However, the deductions have been structured to specifically encourage small businesses and to boost their profitability. 

Certain governing conditions define eligibility for this deduction. The total qualified equipment purchase for these businesses should be at most $3.78 Million. The following list shows the type of equipment eligible for this deduction:

Equipment (machines, etc.) purchased for business use:

  • Tangible personal property used in business
  • Business vehicles with a gross vehicle weight above 6,000 lbs
  • Computers
  • Computer “Off-the-Shelf” software
  • Office furniture
  • Office equipment

Vending machines are included within eligible purchases for the Section 179 Tax Deduction. This allows small vending businesses to spend money on capital enhancement and enjoy tax savings.

Off-the-Shelf software purchases are also eligible to put toward this deduction. Bespoke or custom-developed software and software services are not eligible, however.

Another qualifier is that the equipment purchased in FY 22 must also have been implemented in FY 22. The business must also have made a taxable profit in the same year. If the business cuts a loss, it will only be eligible for bonus depreciation. [1]

Limits in Section 179 for FY 2022

The minimum spending on capital equipment or software for which the Section 179 deductions applies is $2,700,000. The maximum amount for which the deductions apply is $3,780,000. This means there can be a dollar-to-dollar deduction for a total of $1,080,000 ($3.78M – $2.7 M) in FY 22.

This limit makes it very attractive for small and medium businesses, as large businesses often spend more than $3.78 Mn on Section 179 qualified equipment in a year.

Section 179 and Financed Purchases

The relevance of Section 179 deductions for cash-down purchases in the current year is straightforward. However, the government allows businesses to deduct for financed purchases too. The point is that businesses are eligible to deduct the total value of the equipment bought, including what is financed in the current year. This can be explained by the following example:

Assume that the value of 10 Vending Machines = $ 100,000 **

The total value of installments in the current year as a part of the financing agreement = $ 20,000 **

The value eligible for Section 179 Deduction = $ 100,000 **

Tax Savings when the tax rate is 22% = $ 22,000 **

** All values are assumptions to demonstrate deductions in the case of a financed purchase.

Thus, there can be instances where the Section 179 deductions can save more in taxes than the money spent toward that purchase in the current year. This depends on the terms of financing, though.

Savings for your vending business can be estimated by clicking on the link at the end of this article.

Electing to Deduct Under Section 179

Vending machine business tax deductions under Section 179 are not applicable by default. All businesses must elect for this deduction in form 4562 while filing the returns at the end of the year. This is a form a business must file when showing depreciation of assets or deductions under Section 179. Businesses can claim this deduction even when filing under an approved extension beyond the date for filing returns.

Investments eligible for the computation of deductions include the amount spent up to the date of filing returns. Expenses not considered in the years preceding the current year can be included in the current year. However, the investments made before 2007 cannot be considered. [2]

Next Steps for Your Vending Business

If you have not already purchased enough equipment to enjoy the benefits of deductions under Section 179, now is the time. The deduction does not only help you improve your P&L, but it can also help you save taxes and invest in your growth.

If you do not have disposable cash that you can use to purchase vending machines, that should not be a hurdle. You can finance your purchase using our attractive financing options and still claim deductions for the total value of the purchase as long as it is within the eligible limit for the current year.

Our vending specialists can help you estimate your savings and plan the purchase of your new or used vending machines. To know more, call us at 1-855-929-1042 or visit our website at www.vending.com.

Useful Links:

Part 1 of Form 4562: https://www.irs.gov/pub/irs-pdf/f4562.pdf

Information about Section 179: https://www.section179.org/

Tax Deduction Calculator: https://www.section179.org/section_179_calculator/

 

[1] – https://www.section179.org/section_179_deduction/

[2] – https://www.section179.org/electing_section_179_deductions/

Posted on | by Phil Masters | Leave a Comment on How to Choose a Reliable Vending Machine Supplier?

How to Choose a Reliable Vending Machine Supplier?

Vending machines are proven to be an excellent way to generate revenue. Customers appreciate their convenience, especially vending machines that provide variety and accessibility. 

However, vending is also a business that has its challenges. The competition is intense when many players are operating in the same market. Usually vending operators that provide the best machines and customer service are the most successful. This is why having the right supplier makes all the difference to the success of your vending business. A trustworthy and dependable vending supplier will have your back when things get tough. The right products, great locations, and scheduled maintenance will lead to a successful and profitable vending business. 

 

Why is Finding the Right Supplier so Important? 

About 7 million vending machines operate in the U.S alone. One must be careful whom they partner with if they want to stand out from the crowd. Once you step into the vending business, you may depend entirely on your suppliers for the right equipment. 

A seasoned and dependable vending supplier will help you choose the ideal vending machine that will be profitable for your business-specific requirements at a particular location. If you go with the wrong supplier, you might end up with a machine that is unreliable or not well suited for the chosen location. Choosing a reliable vending machine supplier is essential because a good relationship with them can save you money in the long run. Choose a supplier who will help you and answer your questions after the sale and someplace that will sell you a cheap piece of junk and disappear.

 

Steps to Finding a Reliable Vending Machine Supplier

Finding a dependable vending machine supplier may take time and effort on your part. It would be helpful to take extra time to research options in your area and find the vending machine supplier that is best suited to meet your needs. Here are a few strategies to find a good vending machine supplier. 

  1. You can choose a supplier that someone in your network recommends. 
  1. You may use an online vendor database specializing in vending machines.
  2. Feel free to ask questions: Soon after you have narrowed down the selection of vendors and received their quotes, do not be afraid to ask questions. Despite the overwhelming number of questions you might ask, a reputed supplier will be glad to answer them. Some questions customers frequently ask vendors are:
    • How long have you been in business?
    • Where are your machines built?
    • Do you offer financing?
    • What happens if the vending machine breaks down? 
    • How much does the vending machine’s maintenance cost? 

Asking these questions and listening to the answers are crucial components of success. 

Vending.com – Snack and Drink Vending Machine Sales

 

More Factors to Consider When Choosing a Vending Machine Supplier 

The process of finding a reliable vending machine supplier is an important one. Here are a few things to help you find a great vendor for your business:

  • Experience – A good, dependable vending machine supplier like Vending.com will have a record of success in the industry. They will also have experience with the type of vending machines you need and helping customers like you thrive. 
  • Reputation – A reliable vending machine supplier will have a strong reputation in the industry. You can find out what others think about them by reading online reviews. 
  • References – Ask your prospective vending machine supplier for references. You can also try to find references on your own by contacting clients who have used them in the past. 
  • Technology – How does the level of development and technology in a supplier’s machine compare to their competitors?
  • Quality and Guarantee – The quality of the vending machine is an important aspect you should examine. Check if it is built with high-quality materials for durability. Vending machines are heavy-duty equipment and must last long. Make sure the vending machine you buy has a reasonable warranty period. 

  Vending machines are an excellent way to enhance your income. However, you must choose a dependable vending supplier who provides high-quality equipment. You will need to pick potential suppliers who can be trusted. By choosing Vending.com, you will have a long and prosperous relationship. This, in turn, will assist you in growing your vending business and boosting your profit margin. If you are interested in knowing more about us, call us today at 1-855-929-1042 or visit our website! Vending.com – Snack and Drink Vending Machine Sales

Vending.com
Posted on | by pmasters@wittern.com | Leave a Comment on Be Mindful of these Pitfalls When Purchasing A Used Vending Machine

Be Mindful of these Pitfalls When Purchasing A Used Vending Machine

The Pros and Cons of the Used Vending Machine Business

Did you know that as of 2022, the US has roughly 5 million vending machines? According to the industry market research firm IBIS World, the vending machine industry generates close to $8.9 billion in annual revenue. About 67% of this market comprises small independent operators selling snacks and beverages and making small margins. For most vending machine owners, it is primarily a side hustle.

Vending is a booming business, and starting one is not very difficult. The vending business is a constantly changing and evolving industry. It provides an excellent opportunity for all kinds of entrepreneurs, whether you are a novice or a seasoned business owner. The range of products that can be offered to your customers is vast. The most common and popular items being sold are snacks, candy, and beverages like soda, water, and coffee.

Used vending machines generate profits quickly with a low initial cost

If you are new to the vending business and would like to try your hand at it, then an easy way to start your own vending business is to buy used vending machines. A used vending machine will typically cost a fraction of its brand-new unit. You may also chance upon a used vending machine that has barely been used.

While experimenting with new locations, a used vending machine can be a good choice. If you are operating with limited resources, used vending machines may be the way to go. Many such use cases get you started on a used machine and earn the capital required to invest in a brand-new device.

There are many kinds of used vending machines available in the market today. They sell a variety of merchandise, from sodas or general snacks in malls to travel electronics like headphones or phone chargers in airports. You can also buy COVID-19 essentials like masks and sanitizers from vending machines in hospitals and public spaces like malls or theaters. Picking the right product and pricing it right will help recover the capital invested in buying your used machine.

Important aspects to consider before purchase

A used vending machine might seem like a cost-effective choice to jumpstart or expand your vending business. There are a few important things, however,  to consider before buying one.

There are business pros and cons when investing in a used vending machine. The right price, the suitable model, long-term reliability, value over investment, etc., form the cons. Vending.com ensures that these cons are handled and converts them to advantages.

  • Warranty –
    • Con  – Used vending machines come with no warranty, unlike new ones. 
    • Pro – Vending.com “factory refurbished” and “certified used vending machines” do come with a great price and limited warranty
  • Financing- 
    • Con – purchasing a used machine most likely will be a cash-only transaction, or you may have to take out a loan. 
    • Pro -Vending.com has a few attractive financing options that have been designed for entrepreneurs and their cashflows in mind.
  • Number of Features
    • Con – Used vending machines are generally older models. Legacy units will not have the latest features and technology like contactless transactions. They may not be equipped to accept card payments, thus limiting the number of customer transactions. 
    • Pro -Vending.com has the expertise and parts catalog to address this.
  • Hidden expenses –
    • Con – Used machines may work perfectly fine initially, but as they near end-of-life, their mean time between failures becomes lesser and lesser. While the cost of repairs will be a factor considered, the more significant aspect would be the lost revenue from sales. 
    • Pro- Vending.com’s one-year factory warranty and Vendnet’s 90 years of vending experience ensure your machine operates with no problems. 

When purchasing a used vending machine, it’s always a good idea to inspect the vending machine in person. If Tinder taught us anything, it is that profile pictures are often overrated.

  • Seeing is believing. Check if there are any physical damages like scratches or dents. It is relatively easy to improve the external appearance of the machine. If there are heavy dents, it is better to take a closer look at the circuit boards and refrigeration systems before moving ahead with the purchase. You should ask for the machine’s original manual and schematics and whatever proof of service the seller has at hand
  • If you are buying a vending machine for dispensing cold beverages, check the compressor thoroughly. Insist on starting the machine a couple of hours before you arrive. If you have a gas leak detector, do not forget to take it along. Freon-based coolants like R232 are relatively easier to detect with their distinct smell. It is the propane-based ones that are difficult to spot without a detector. It is better to look for better options if the compressor does not inspire confidence.
  • Check the bill acceptor and coin validator. Test it to make sure it is not malfunctioning. No one wants to use a vending machine that simply eats up their money and dispenses wrong items or nothing at all. You could also retrofit a card reader or cashless payment system to the machine. If the bill acceptor or coin validator is glitchy, ask for a discount in the asking price that will help you retrofit one from Vending.com.

 

The kind of used vending machines you buy can influence the pros, cons, and ultimately the success of your vending business. Getting a quality machine will save you lots of money and time while maximizing revenue-generating transactions. Purchasing your vending machine from a reliable company can help eliminate uncertainties and risks. Vending.com has a wide range of factory-direct new and used vending machines that are manufactured in the USA. All machines have been factory inspected and remanufactured to look and operate just like new vending machines. 

When buying your vending machine from Vending.com, you can rest assured that you are in good hands. With over 90 years of experience in the vending industry, Vending.com offers a dependable business proposition to help you build your own vending business.

Vending.com offers affordable used vending machines that are factory refurbished and certified.  Call 1-855-929-1042 today for all your vending needs.

Vending.com blog
Posted on | by pmasters@wittern.com | Leave a Comment on Buying a vending machine is easy (Financing, leasing, reman/used, etc.)

Buying a vending machine is easy (Financing, leasing, reman/used, etc.)

Buying a vending machine is easier than ever before.

Everybody must have experienced the fun of buying something from a vending machine to just see it spit out the product you chose to buy. Owning a vending machine can be even more fun and rewarding. Nobody will mind an alternate source of revenue from vending machines. There are several stories where what started as a side hustle became a thriving vending business.

Investing in a vending machine can improve the experience of the customers or visitors of your establishment. Customers will find it convenient to wait with a beverage until it is their turn to be served. Businesses can also use vending machines as another channel for the sales of products relevant to their business.

Investing in a vending machine is simple when considering the following five aspects before making the purchase.

Finding the right location

One of the most important factors to consider for your vending machine is the location. If a machine is purchased for your own business, customer accessibility is a critical consideration. If a machine is difficult to access, it will have a difficult time generating cash. Additionally, if you are looking at an outdoor location, it is important that your machine has the correct specs to accommodate customers. 

If you place the machine at a location owned by someone else, then you will need to consider things like partnership expectations, such as commissions, rental fees or custom branding on the machine. Vending is a numbers game. The more people looking at your machine will result in more revenue for you.

Selecting the right products to sell

The numbers for 2019 point to packaged snacks and food items as the most sold products in vending machines. Beverages come in at a close second, leaving everything else eating their dust, but this is still a generic classification. You need to be more specific as to what you want to sell. Some products give you razor-thin margins, while others are more rewarding.

A good example would be a chocolate bar. The average gross markup on a bar of chocolate would be 46% over the list price. Considering you must still cover your logistics, energy, location fees, insurance, and other costs, this is not much. On the other hand, the humble bottle of water might give you a tidy 85% markup. The logic is simple when you need water, you need water. A chocolate bar can always wait.

It is not just the markup. It is also about the demand. Pick products that move fast. The cost of products staying in the machine is often unnoticed, but can be very costly. M&Ms might fly off the machines at a waterpark, while a yogurt cup may not. The product to location ratio is everything in the vending business.

Investing in a machine

If you know what to sell and where to sell it, all you need to do is pay for it, but this is where most operators are stuck. While some operators can dig into their operating income or personal savings to buy a machine, others cannot. However, the good news is that reputed vending machine manufacturers have made it easier for such operators to buy their machines. They offer several options like the ones listed below.

  • Cash purchase: If you have the cash and you are willing to use it to buy a vending machine, then it is straightforward. All you need to do is find the proper manufacturer or seller who will give you a machine that costs you less to buy and to own.
  • Financing: Buyers can also obtain financing support to buy their machines. Depending on the business case, the manufacturer of the machine might offer attractive interest rates or other benefits to encourage the purchase. Individual operators trying to create an alternative source of income often find this appealing, as they can invest in the latest technology without large upfront costs.
  • Used: Beginners can also try used machines. They come at a much lower upfront cost, however, the cost of maintenance and upkeep of these machines will depend on the quality of the machine. If the machine is already old, over-used, or faulty, the cost of owning the machine might become high. It is essential to buy used machines from businesses of good reputation to avoid future surprises.

Installation and Setup

The machine’s installation and setup are often covered by the manufacturer when you buy a new machine. If you buy a used machine, however, ensure that you calculate the setup cost. Other than costs, installation and setup also require skills. Configuring your machine for the products you sell, providing proper payment interfaces, connecting to software inventory management systems if there is one, and other aspects of installation might need professional support. Buying new or used machines from reliable businesses can help you address these needs. They often provide the necessary support.

And you can rest assured knowing that our dedicated service entity covers all installation, setup, and setup requirements. Vendnet also supplies all spare parts and hardware along with easy-to-use manuals for all our models that help in DIY troubleshooting.  

Stocking

Once you have the machine up and running, all you need to do is stock your machine. If you have already decided on your product, make sure you buy fresh stock. Ensure that the products are worth the price your consumers are paying. It is vital to have quality products as it impacts consumer experience. Only a happy consumer will buy again from the same machine. Also, ensure that you have the necessary mechanism to keep your machine stocked. An empty machine continues to cost you without generating revenue.

A vending machine can be your steady stream of additional income. The past two years have taught us that even a strong market or economy can be fragile. Investing in vending machines can reduce risks to your income. Operators who carefully consider the above mentioned aspects and buy from reputed sellers are wise. They minimize the upfront capital expense and optimize the cost of owning the machine while also reducing risks. Our specialists at Vending.com can assist you through your purchase of a new or used vending machine.  Our offers are simply icing on the cake that you simply cannot resist. Talk to us at 1-855-929-1042 to know more.

Vending.com - Financing-Options
Posted on | by pmasters@wittern.com

Financing Options

The biggest challenge to investing in vending machines is capital, but it does not have to be.

Vending machines are the proverbial cash-cows that individuals and businesses can earn a constant source of additional income from. But for some, the cost of buying one can delay the decision to invest in other vending machines and vending technology. So how do you invest in a vending machine? Leading vending machine manufacturer, Vending.com, a Wittern Group company, has a history of solving this challenge for interested investors.

For more than 50 years, they have put the power to invest in vending machines in the hands of interested investors both big and small. With financing features like:
• Flexible repayment arrangements to meet cash flow
• Specialized programs to increase sales
• Up to 48-month terms
• Quick credit approval process

buying a vending machine can be easier than buying snacks from one.

Why invest in vending machines in the first place?

An auxiliary source of income never bites. People have always looked at hedging the risks in their income by creating sources that make money for them when they are busy. Vending machines can do just that for you. Like the legendary Warren Buffet would say, this would be the way to make money while you are sleeping.

But it is not just that. Vending machines at establishments like gyms and salons can bring great convenience for your customers and visitors who no longer have to haul bags of water, beverages and health snacks. This can improve customer loyalty and bring recurring footfall that increases your main business. Yes, it is true that vending machines not only help you make money by selling merchandise, but also helping you improve your customer retention. Afterall, happy customers have no reason to try your competition if you make their life easy.

For hospitals, educational institutions and community spaces, vending machines solve a different set of problems. Apart from giving accessibility to people in need of essentials, they help us all focus on our real reason for being in these places.

How to address the financing problem for your vending machine investments?

Now that we have clearly seen that individuals and businesses alike can benefit from buying and installing vending machines, the next inevitable problem is how to invest in a vending machine in regards to the capital requirement. While individuals and small businesses can get a tangible increase in income from vending machines, the availability of capital makes it difficult for them to invest. It might make it less attractive to dip into your reserves or vacation savings, even if one knows that there will be guaranteed returns in the long run.

The story is the same for small businesses when it comes to choosing between paying the bills versus investing in vending machines. The problem is not small for large establishments either. At the end of the day, removing valuable cash or capital from operations is likely to have impact on operations. This is where vending machine financing options like the ones Vending.com provide make it attractive for anybody who might be interested.

Financing is not just for making that first step into the vending world. It can help achieve scalable growth by acquiring more machines to amplify your success.

So what does Vending.com offer as financing options?

Vending.com provides a variety of plans ranging from 6 to 48 months. Each one of them come with attractive APR rates. Consultants engage with buyers to identify the best plan that suits investment appetite and repayment capacity.

What is more interesting is that the financing options are available for not just the machines but for the parts as well. What does that mean for the average buyer? The technology behind vending machines is growing in leaps and bounds. From contactless transactions, to UV sanitization and intuitive back-end web-based device management, there are a lot of ways to monetize your machines. This means that customers can continue to upgrade their machines with the necessary components that can help them generate more revenue. As Vending.com’s financing plans are extended to the parts, making that decision to invest in technology that gives you more revenue becomes a no-brainer.

How can one apply for financing from Vending.com in order to invest in a vending machine?

Vending.com realizes that having such attractive financing options can only be beneficial if interested investors can easily apply for and obtain financing. That is why they have made the application simple and straight forward. One could try the online application form in this link or download the physical application.

Even the estimation of profit before you make the purchase decision is child’s play with this tool that helps you calculate your returns.

Vending.com’s financing plans, combined with the ease of application for finance and the attractive returns on investment, are very good reasons to make that foray into the vending business. A financing specialist will assist you all the way through this secure process.

You can ask for help on this page here, or call 1-855-929-1042.

Disclaimer: Financing is only available with approved credit. (WAC)

Posted on | by pmasters@wittern.com

Add Income to Your Business with a Vending Machine

Nothing is more frustrating than going to the laundromat and realizing that you do not have enough detergent for one load of laundry. Enter the Laundry Centers from Vending.com! These are not only convenient for your customers but also provide a great idea for how to improve your laundry business and get additional income.

The 36 Select Laundry Center Vending Machine has the ability to vend your customers’ favorite detergents, fabric softeners and other laundry products. Instead of having an employee sell these products behind the counter, the machine does the hard work for you. For easy loading, the 36 Select Laundry Center Vending Machine has adjustable, pullout, tilt trays. This feature ensures that the operator can manage the laundry product supply with ease.

If your laundromat is limited on space, the 20 Select Laundry Center may be more beneficial for you. It has the same benefits of the 36 Select Laundry Center, just with a smaller footprint. With built-in security and construction, the 20 Select Laundry Center is a great addition and profit center for your laundromat.

Both laundry vending machines come with a variety of features, one of which is the iVend Guaranteed Delivery System. This ensures that products will vend, or customers will receive their money back. Additionally, both machines come with an electronic coin and bill acceptor, which can be upgraded to a Greenlite cashless system. With this upgrade, customers can purchase their favorite laundry products with credit cards, debit cards or a mobile wallet.

To discover more benefits on how our laundry vending machines can benefit you, give us a call at 1-800-548-1982.

Posted on | by pmasters@wittern.com

Making Vending Easy

Vending.com prides itself taking care of our customers. Vending.com is backed with over 80 years of manufacturing experience.  By purchasing our brand new equipment we want you to feel that you are in good hands. We are here to answer any questions you have and to share our advice. We serve many different types of customers. Vending.com assists those looking to buy their first machine for their business, so they can keep all the profits. Others are looking for a vending service with new machines equipped with card readers for their employees and customers’ convenience. We also serve many people looking to jump-start their own vending business. Whatever your needs, we are your Vending Coaches! 

We not only coach you over the phone but we provide our white glove delivery service to save our customers the stress of moving their machines into their locations. We will unload your machine off the truck and bring it inside your location. We will unwrap your machine and take it off the wooden shipping skids. In summary, we will deliver your brand new, pristine vending machine right to the exact spot you want in your location.

Not only will you have the white glove delivery service, free coaching through the life of your machine, but you will also have lifetime technical support. We have over 350 service centers in the U.S. ready to help you. We hope you see that it is our priority to value and take care of all our customers. Call us today at 1-855-981-9367 to see how we can help you will ALL your vending needs!