Vending machines are designed to give customers and employees a quick snack or beverage when they’re at your store or office, but in addition to their customer value, vending machines also help owners make some extra income without lifting a finger.
To make the most money possible, you’ll want to do some research to see which kinds of vending machines bring in the highest profits.
Keep reading to learn what kind of vending machines make the most money.
Some vending machine profit statistics
The average person spends about $27 each year on vending machine products, and the average transaction is $1.71, but that money doesn’t go directly to whoever owns the vending machine—you need to pay to stock the items inside of it. That said, you can bring in up to $400 extra dollars per month with the right vending machine in your business.
What is the most profitable type of vending machine?
Now that you’ve learned some statistics about how much you can bring in each month, let’s dive in to see which machines are best for your business. These vending machines tend to have the highest profit margins:
- Branded soda machines: Soda machines are the most popular type of vending machines. If you have branded sodas (like Coke and Pepsi), your vending machine will be even more attractive to customers. Just make sure you stock drinks people actually enjoy because you don’t want to pay to restock dinks that go out of date.
- Glass-front snack machines: Chips and candy bars are staples in the vending machine industry. A few of the highest-profit chocolate bars include Snickers, Twix and Baby Ruth, and the highest-profit chips are Doritos, Cheetos and Lays. You can also stock your vending machine with specialty items like beef jerky and granola bars, but these items don’t always have the highest profit margin.
- Refrigerated cold food machines: Vending machines that dispense cold sandwiches, salads or even burritos are becoming more popular as people start searching more for larger meals than quick snacks. The risk here is that those foods can spoil quickly, so a vending machine owner needs to be vigilant in knowing what sells and what’s just going to take up space and end up costing money to replace at the end of the day.
- Ice machines: Although it’s not your typical vending machine, ice machines are on the list when it comes to the most profitable type of vending machine. Ice doesn’t have a sell-by date, so there’s no need to worry about it spoiling. Refrigeration costs vary, but the average monthly cost per 100 pounds of ice is only $0.25. With an ice machine in the right location, you can bring in quite a bit of money without doing any extra work.
Talk to ABC Vending Co. today
Now that you know what kind of vending machines make the most money, it’s time to install vending machines at your business. For the highest-quality products and the fastest service around, look no further than ABC Vending Co. Give us a call today to see what our team can do for you.