Vending.com - Financing-Options

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. 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 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 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?

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)

Tax-Deduction-Blog

The 2021 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 incentive for business owners expires at the end of 2021, so take full advantage today! Find out more about the benefits of this incentive and how it can help your vending business by watching the video below.

For more information about Section 179, give us a call at 1-800-548-1982 or contact your sales representative today!

Prepare for Winter with UVend Technology

Are You Prepared for Winter?

The cold, winter months are going to be here before we know it. Not only does this mean colder weather, but it means that we will see an uptick in illness, whether it be a cold, the flu or COVID-19. Believe it or not, there is a lot that can be done with your vending equipment in winter to ensure your customers are satisfied. 

MarketOne Coffee Vending Machine

For many customers, the cold weather settling in means that they crave a hot beverage in order to keep them warm. Enter the new MarketOne Coffee Vending Machine. It features a European design and a state-of-the-art brewing system for customers to receive coffee shop-quality from a vending machine with the push of a button. Keep customers warm by giving them the option to choose from up to 34 hot beverage combination options of coffee, hot chocolate, tea, espresso and more.

UVend Technology

Give customers and employees the safer vending experience they have been craving with UVend Technology. UVend Technology, a patent-pending UVC light sanitization device, makes the high-touch surfaces of vending machines safer by quickly killing or inactivating up to 99.9% of some of the most common viruses and bacteria, including influenza and COVID-19. 

To provide an extra layer of protection, UVend Technology features an automated motion sensor and visible blue light. The motion sensor ensures no presence is detected in front of the machine before activating and the blue light indicates quick sanitization is in process, allowing the machine’s keypad and delivery door to be sanitized after almost every use.

Sani-Center Vending Machine

Vending.com’s Sani-Center PPE Vending Machine limits face-to-face interaction by safely dispensing cleaning supplies, medical masks, hand sanitizers, wipes and more to customers. It allows customers safe access to supplies they need while generating revenue for your business. One of the biggest Sani-Center benefits is the capability for customers to purchase items through a cashless card reader or mobile payment platform, further reducing direct contact with the vending machine.

Looking for more ways to give your customers an extra layer of protection during the winter months? Call 1-800-548-1982.

Vending Products for Each Generation

Finding a location and purchasing a vending machine is only part of building a successful vending business. It is also crucial that you choose the right snacks to go into your vending equipment based on your location’s demographic in order to ensure your business is as successful as it can be. Follow along as we break down the most popular vending products of each generation.

Generation Z

If you think Gen Zers are going to consume copious amounts of pop products, think again. While this generation does enjoy a beverage that gives them energy, they are more likely to consume coffee products, as opposed to popular pop products that we have seen previously. Additionally, this generation often turns to smoothies and sports drinks. As winthruster Gen Zers begin entering college, these are the types of products they will be looking for on college campuses.

If your location is mainly comprised of Generation Z, we recommend installing the Coffee Vending Machine. It provides customers with gourmet coffee and hot beverage options with coffee shop quality. 

Millennials

When it comes to filling your vending machine at a location that is highly populated by Millennials, such as an apartment building or some offices, consider what is going on around you. According to a study, Millennials are influenced by the opinion of others. If there is a snack or beverage that is circling the web, chances are, Millennials are dying to get their hands on it. Another great option is to fill your vending machine with healthy snack and beverage products.

Instead of having two separate vending machines with one filled with snacks and one filled with drinks for Millennials, we recommend installing our most popular machine, the Express Combo Vending Machine. Millennials will be able to purchase their favorite healthy snacks and beverages, all from one vending machine.

Baby Boomers

When it comes to appealing to the older generation, such as Baby Boomers, it is important to note that their palettes are not the same as a Gen Z or a Millennial. In fact, many Boomers are searching for snacks that are low in sodium and high in protein. Additionally, while Gen Zers are turning to coffee, Baby Boomers are in search of a beverage with little to no caffeine. 

For locations with a high population of Baby Boomers, we recommend installing one of our newest vending machines, the MarketOne Snack 6W. With up to 71 selections, customers will love the variety of low-sodium, high-protein snacks and food products that this machine has to offer.

When building your vending business, consider the demographic that your vending machine will be placed in order to fill your machine with the correct products. For more information, contact Vending.com at 1-800-548-1982.

Vending Machines – A Controlled, Safe Method to Provide Food and Beverages to Consumers – Part I

Why Vending is the Ultimate Controlled Dispensing Solution for the Convenience Services Industry

https://www.youtube.com/watch?v=jUH5KWngtmM&feature=youtu.be

As organizations modify their operations and procedures to best keep employees and customers safe in response to the COVID-19 pandemic that is sweeping across our nation and the world, the need to safely provide food and beverage options remains critical.  

According to the National Merchandising Association (NAMA), “Through our unique food distribution system, our industry can be the greatest source of “contactless” nourishment to over 40 million consumers with food and beverages daily, and it is all accomplished in an unattended retail environment, often with round the clock availability.”

Federal and State governments, along with the CDC, are encouraging social distancing, including reducing or eliminating face-to-face encounters with alternative options such as contactless delivery and self-serve options.  In workplaces, this includes re-evaluating how food and beverages are offered to employees. For example, in the past weeks, many organizations have shuttered cafeterias to help prevent the spread of COVID-19.

 Recently the NIH and CDC released information on the Coronavirus’ lifespan on surfaces.

  • Airborne: 30 minutes to 3 hours
  • Cardboard: 24 hours
  • Stainless Steel: 2 days
  • Plastic: 3 days

These guidelines have prompted many organizations to further re-evaluate self-serve convenience service options deployed in their organizations such as unattended retail markets.  The risks in these applications is that the food and beverage products are not controlled in such that consumers can pick-up products and return them to the shelves for the next consumer to handle.  With COVID-19 having up to a three-day lifespan on items such as bottled beverages and clamshell salad containers, unattended retail applications may pose a risk of being a spreading point within organizations.

Unlike unattended retail markets where consumers can access and return the food and beverage products, vending requires consumers to purchase the product(s) before the consumer is able to touch the product(s).  Just think in a micro market setting how many people before you may have picked up that plastic bottled beverage or salad in a plastic clamshell before you and put it back on the shelf.  

Besides the product itself having the opportunity to be handled by multiple people in a micro market application, another consideration is the cleanliness of micro market hardware itself.  For example, when consumers access products in micro markets they often come in contact with shelving holding the product. You have risk of direct exposure on the shelf itself, as well as transfer exposure from the product.  Being full secured access, this is not a concern or risk when it comes to vending, as only the operator has access to the interior of the machine including the shelving.

Vending offers the ultimate secured access solution and allows organizations to safely provide employees and consumers with food and beverage products, with little to no risk of contamination from numerous other individuals handling the product.

According to the European Vending Association, “Vending machines are a reliable and safe way to obtain food and beverages. Vending machine operators place food safety as top priority in their daily service, and are trained in protection against infections. During the current health crisis, operators have also put in place measures to ensure that the disinfection of machine surfaces is also carried out as regularly as possible.”

For more information or other equipment questions, please contact Vending.com at 1-855-906-5163. 

What products are recommended to safely clean and disinfect vending equipment? Check back soon to find out in Part II.

Custom Vending Machines

When you think of items that can be dispensed in a vending machine, what comes to mind? We are going to venture a guess and say that it is either snacks or beverages. In the past 15 years, however, vending machines have grown to dispense more than just food and drinks. Now, you can sell just about anything to help you grow your business with custom dispensing machines from Vending.com.

Fitness vending machines not only increase your bottom line, but they also allow your trainers to do what they do best — train! Vending.com offers fitness merchandisers that offer snacks, beverages, earbuds and towels to your fitness members. We also have lockers available to give members access to larger items, such as fitness equipment and protein powder.

Give customers the capability to access car care products without having to worry about store hours. The Auto Vend Plus+ Car Wash Vending Machine is an outdoor machine that provides car wash supplies and drinks to customers, no matter what time of day they need it. It even allows you to sell products of varying sizes, as most of the trays are reconfigurable. 

Enhance your customers’ laundromat experience with the Laundry Center Vending Machine. It provides patrons easy access to detergents, fabric softeners and other laundry goods, while increasing your center’s profit. It eliminates their frustration by purchasing the products they may have forgotten, without having to leave the facility. Plus, the pull-out, tilt trays are adjustable to fit many shapes of products.

While our machines may not be able to vend bowling balls, they can still provide patrons with supplies that bowlers crave, even when the pro shop is not open. The Ebonite Bowling Supplies Vending Machine has the capability to sell a number of supplies, such as bowling socks, wrist support liners and a bowling towel. Each machine has pricing flexibility that ensures you always have control of your vending machine.

Vending.com offers vending equipment that will add value to any business, including custom dispensing machines. Check out our selection of specialty vending machines and contact us at 855-929-1003 to find out how our machines can help your business.

Free Vending for Business Owners

As a business owner, you are always looking for new ways to boost morale among your employees in order to increase the bottom line. This can be through incentives or even an email for a job well-done. Another idea, however, would be to ensure that your breakroom is fully stocked with snacks and beverages. This can be easily accomplished with free vending machines.

As a business owner, you have a lot on your plate. That is why we have made our Full-Service Program absolutely free for you. In fact, you do not even have to worry about servicing the machine. Our operators will stock the machine with your favorite snacks, drinks or food, so you can keep your employees full and focused throughout the day. 

There are many advantages to having a vending machine in the workplace. One of the biggest advantages is increased productivity. Instead of taking time out of the day to go to a convenience store for a snack or beverage, employees can take a few minutes, go to the machine and go right back to work. It will allow them to spend more time working on projects and less time searching for food and drinks.

Of course, not every business will qualify for free vending. In order to qualify, your business must have a minimum of 30 employees, or be in a high-traffic location, such as a mechanic’s shop. This way, the operators will be able to justify placing a vending machine in your business and keeping it there for the long-haul. 

A vending service in your office should not be a burden to you. That is why Vending.com wants to help connect you to an operator to place a machine in your business and help you increase employee morale. Get started today by filling out this form or calling us today at (866) 657-7549.

Understanding Your Machine

Nothing is more frustrating than feeling like you are getting into a groove with your vending business and all of a sudden, your bill acceptor gets jammed or some other problem arises. Instead of spending hours or even days scouring the internet for a solution, Vending.com and Vendnet have put together a technical support program to help you solve your vending problems with ease.

Instructional Videos

Vendnet has put together an extensive video library for technical support. This library includes step-by-step instructions on how to complete a variety of tasks, including how to fix your jammed bill acceptor. Even if you do not currently have issues with your machine, you may find it helpful to browse the videos to learn more about your machine and maybe even learn about things you did not previously know how to do. 

Parts

Vending.com gives you access to Vendnet’s parts catalog, so you can order the part you need directly online and they will be shipped directly to you. This catalog ensures you have everything you need right at your fingertips, so you can replace switches or even order coffee products for your Coffee Vending Machine machine. 

Tech Support

Whether you can solve the issue over the phone or you need to be put in contact with a local service provider, Vendnet and Vending.com are here to help. They will give you the technical expertise you need to ensure that your machines are operating at maximum efficiency. 

Digital Tech Resources

Understanding the ins and outs of your machine is crucial in running an effective vending business. That’s why we have provided you with easy access to digital resources, including parts manuals, service manuals, tutorials and more. It allows you to search these resources with ease and allow your business to continue running smoothly.

No matter what type of support you need, Vending.com is here to help. If you are ever in need of technical support, Vendnet is available Monday through Friday from 8am – 5pm at 1-800-833-4411 or contact Vending.com for additional needs at 855-929-1042.

MarketOne Snack Vending Machine

MarketOne Snack 6W

With a new year comes a new line of vending machines for Vending.com. We are very excited to announce a new line of vending machines called MarketOne Snack vending machines. This line includes two revolutionary vending machines that will change the way you think of vending. These products are the MarketOne Snack 6W and MarketOne Snack 5W vending machines.

One thing that stands out about MarketOne snack machines is the sleek design and style. They offer a large merchandising window and enhanced LED lighting, so your products can be properly displayed to your customers. They also offer a high selection for your customers to choose from. The MarketOne Snack 6W allows customers to choose from 56 selections, where the MarketOne Snack 5W offers up to 40 selections. 

MarketOne vending machines include a variety of standard and optional features to take your vending business to the next level. These machines are easy for everyone to use, as they are Americans with Disabilities Act (ADA) compliant and include an ergonomic customer interface and Braille keypad. They also come with iVend guaranteed delivery technology, so your customers will always be satisfied. If a product does not vend correctly the first time, they will receive their money back to try again or try a different product.

There are a variety of payment options that are available with the MarketOne vending machines. They come standard with a cash/coin bill acceptor, as well as the PayRange mobile app, so your customers can pay directly from their mobile device. You can upgrade this feature, however, by adding on Greenlite, which allows your customers to pay with credit/debit cards or their mobile wallet. You will never have to lose out on a sale again because of payment issues.

Other features on MarketOne products include upgrading your display to a full-color 10.1” touchscreen display. Customers will be able to browse products, view calorie information and purchase up to three products in one transaction. It also gives you the chance to have a static image or video advertising on your vending machine. The MarketOne Snack 6W vending machine has an optional 7th tray, so you can provide your customers with even more product choices.

MarketOne Snack vending machines are unlike any on the marketplace and it is easy to see who. If you would like to learn more about these products, give us a call at 855-929-1085.

Advantages to Vending in the Workplace

Vending machines are a common staple in most workplaces, but are there any real advantages to having a vending machine in the office? Absolutely! Having a vending machine that your employees can utilize has multiple advantages that cannot be overlooked, including increased productivity, low maintenance and keeping your employees healthy.

Picture this. Two o’clock rolls around and your employees are starting to get hungry and restless, but they have a major deadline they have to meet by 5pm. In order to get it done, they need to leave the office, go pick up a snack and then come back. That time that they spent doing that could have gone towards finishing the project. Instead, they have to work even harder to make up for that time. If they had access to a vending machine in the office, however, they would not waste as much time looking for a snack. Instead, they simply have to go to the machine, vend a product and get back to working on the project. It allows your employees to stay productive and focused throughout the entire day.

One of the best aspects about vending machines is that they are low maintenance. You can do just about everything yourself, directly onsite, meaning that you do not have to pay anyone to run a vending machine. Plus, restocking products is a simple task that can be done in no time. If a problem should arise, however, technical support through Vendnet is always available to help. They have a library of troubleshooting videos, manuals and even a place to order parts for your vending machine.

By providing a vending machine with healthy food and beverage options, you are doing your part to ensure that your employees are living a healthy lifestyle. Additionally, having healthy food options, such as granola bars or yogurt parfaits, will allow your employees to focus more on the task at hand. Not all of your products need to be healthy but having a mix of healthy and unhealthy options means that all of your employees will be satisfied throughout the day.

It is important that you set your employees up for success in the workplace. Having vending machines in your office allows your employees to stay productive throughout and live a healthy lifestyle. For more information about vending in the workplace, call us at 855-296-8064.