3 Things to Consider When Buying Vending Machines in New York City

by | Dec 16, 2016 | Food & Related Products

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There is a lot of money to be made with Vending Machines in New York City. Every day people are out looking for a quick snack or a quick drink to pick up on the go. But before jumping at the opportunity to make a little extra money, take the time to create a plan, helping you maximize the earning potential.

What type of machine will it be?

Gone are the days of only having soda and salty snacks inside Vending Machines in New York City. Today, consumers have lots of different options to choose from. Some machines only offer water while others focus on healthy snack alternatives. Before making a machine purchase, consider what type of products are going to go inside. At the same time, it might be a good idea to research the vendors that will have the necessary inventory to handle the restocking process.

Where is it going to go?

One of the biggest concerns will be where the vending machine is going to be set up. Some businesses simply want to add the machine to space they already own or lease. In these instances, the addition is easy. There just needs to be enough room for the machine and a power source. However, if the goal is to set the machine up in a more public place, it’s important to find out if there are any permits or licenses that need to be obtained before moving the machine into its new home.

Who will restock the machine?

With the right inventory and the right machine, things are almost set to go. But someone is going to need to keep the machine stocked. Decide if you will be taking care of the restocking or if someone else will be hired on to fill in the position. Either way, a vehicle with enough space to carry inventory will be needed. The more machines out there, the more inventory needed, so the larger the vehicle will need to be.

There is real potential for money making with the addition of vending machines. As the idea begins to come to fruition, think about the type of machine, the location, and the person that will be taking care of things. It also helps to find more information about the profit possibilities.

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