Tag: vending business

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The 2020 Section 179 Tax Deduction

Did you know that with the Section 179 tax deduction you can deduct the full price of new vending equipment?  This great incentive for business owners expires at the end of 2020.  To find out more about how the Section 179 tax deduction works and how you can qualify, check out the video below.

https://www.youtube.com/watch?v=jf_I9Xtc71U&t=8s 

Take advantage of Section 179 today by calling Vending.com at 1-800-548-1982.

About Vending.com

Vending.com brings together a multitude of vending expertise through our circle of services. Everything you need to start, grow, or manage your vending business is provided through our easy online access. We provide vending services, financing, vending industry news, technical repair, parts and much more. Vending.com is one of the companies under the Wittern Group umbrella. Whether you are an entrepreneur starting your own vending machine business or expanding your current business, Vending.com offers you a full range of vending machines, financing, location assistance and other services to meet all of your vending needs. As a full-line vending sales company we provide customers nationwide with the right equipment for their client’s location. Our large selection of snack, soda machines, hot beverage, cold and frozen food and other quality vending machines can be configured and customized to fit any size location from small businesses to large factories. Let our network of vending machine companies go to work for you.

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Breaking Down the State of the Industry Report and What it Means for You

Every year, Vending MarketWatch publishes its State of the Industry Report, which breaks down vending locations, sales and more from the previous year. We are going to break down the 2019 report in order for you to get a better understanding of how your vending business can continue to grow.

Locations

Just because vending machines can be placed anywhere, does not mean they should be placed anywhere. According to surveys conducted by Automatic Merchandiser, the most popular locations to place a vending machine are manufacturing facilities and offices, with 22.1% of vending machines placed at each location. Correctional facilities are the least popular places to place vending machines, with just 2.4% of vending machines being placed there, which is an increase from the previous year. 

What does this information mean for you? This report shows that while offices and manufacturing facilities are still very popular for vending, there may be a lot of potential in less popular locations, such as correctional facilities and military bases. If you are a business owner looking to add a vending machine to your location, contact us to see if your location could support vending equipment.

Cold Beverage

To no surprise, cold beverages still remain at the top of vending industry sales. In 2019, cold beverages made up 22.8% of sales, which is a significant decrease from the previous year. To help support your vending business and sales, Vending.com offers a variety of cold beverage vending machines, which provides your customers with the cold beverages they crave.

A surprise in this year’s report shows that cold beverages do not stand alone at the top of the sales chart. A new category has gained a lot of ground over the past year and shows no signs of slowing down.

Opportunities for Growth – Retail 

Shooting to the top of the product sales category with cold beverages in 2019 was the other category, which includes non-edible items. This category grew from 7.7% to 22.8%. This shows that operators are looking to diversify their vending businesses. 

If you are looking on capitalizing in the retail vending industry, especially amidst COVID-19, check out our Sani-Center PPE Vending Machine. These machines are created to provide customers with masks, sanitizers and more in order to keep you safe.

The vending industry is constantly changing and evolving. To access the full industry report, read the State of the Industry Report here. If you have any questions about how you can grow in the vending industry, give us a call at 1-800-548-1982.

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Grow Your Business While Sticking to Your Budget

Purchasing vending machines is no small task. Depending on your business goals and your budget, it may not make financial sense to purchase brand new vending machines. Vending.com has a select number of used vending machines to help people grow their vending business without stretching their budget too thin.

Whether you are purchasing a new or used vending machine, Vending.com makes the purchasing process as simple as we can for you. Our used vending machines are factory remanufactured and certified by our trained experts to meet the industry’s highest standards for maximum performance. You should not have to sacrifice quality and service when purchasing a used machine. Vending.com is still here to help you every step of the way.

Just because you are not purchasing brand new machines does not mean that you have to sacrifice vending machine quality. Vending.com has a number of used snack, drink or combo vending machines available for purchase. No matter what your vending requirements are, we have a used vending machine to help fit your business needs. Our used vending machine inventory is constantly changing, so contact us today to learn about our available vending options. 

Support is still key when it comes to purchasing a used factory remanufactured vending machine from Vending.com. That is why we offer 100% financing on our used machines. We also offer a 1-year warranty on our vending machines and a 90-day parts warranty on coin acceptors, bill acceptors and control boards. As always, our service and parts support is available, including a video library, parts and service manual and more.

Vending.com wants to ensure that your vending business will be a success. That is why we offer used vending machines that do not stretch your budget too thin. Contact us at 855-929-1131 to find out more.

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Mobile Apps to Help Your Vending Business

Vending.com loves the following three apps and they are perfect for your vending machine business. They each offer a different service that will be valuable to you in your day-to-day life:

Mint:
Mint.com, which was name one of TIME Magazine’s “Top 50 iPhone Apps” in 2011, is the perfect free mobile app for business owners on the go. Since your vending business keeps you out and about for hours each day, this app will help make your life a lot easier. The app allows you to set a budget for your business and enter transactions while on the go. You also can get real-time fund availability. In addition, in case you lose your phone, the app has a password to keep any unauthorized persons from viewing your financial information.

Evernote:
This handy app gives you the ability to instantly take notes on your mobile device no matter where you are. You can then easily access this information later. This is ideal for making notes of inventory needs, writing yourself a daily to-do list or just jotting down your latest brainstorm for your business. Thanks to Evernote, you don’t have to worry about keeping a paper and pen handy at all times.

Dropbox:
This app is available on both mobile devices and tablets. It works by storing your business documents, photos or videos to access on the go. Imagine being able to pull up all your businesses marketing materials no matter where you are at the time. After all, potential clients are everywhere, so why shouldn’t your most impressive business information be as well.

Any of the three apps listed above will help you take your vending business to the next level.

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New Vending Trends for 2013

As with any industry, the world of vending machines is rapidly evolving by the minute. What was once a business based on dispensing gumballs for quarters has evolved into a full suite of diverse services ranging from snack vending machines to fully-featured food machines. VendingMarketwatch.com has outlined the 5 biggest trends in the vending machine industry for 2013, ranging from new refreshment options to innovative ways of paying for snacks and sodas. The highlighted trends were as follows:

  • Healthy Vending – Read our blog or any vending news source for that matter, and you will immediately notice that healthy vending is here to stay. With new health regulations popping up all over and quality replacements for sugary treats, a good majority of vending machines all over the country are including calorie-conscious snacks.
  • Cashless Vending – Cashless transactions are becoming more and more common in every industry, and vending is no exception. Most current snack machines accept credit cards, and future products will allow for purchases with the swipe of a smartphone.
  • Micro markets – This new-age form of shopping puts a full store’s worth of product at a customer’s fingertips, and will likely complement the vending industry for years to come.
  • Machine Upgrades – Technology is evolving rapidly, and machines are following suit. From flatscreen displays to infra-red product scanners, the vending machines of the future are happening today.
  • Coffee – Customers love coffee. They also love vending machines. The two will make a strong pair for a long time.