PROFITABLE HOBBY – VENDING MACHINES
Peter Arnold emailed me about vending machines.
He has 42 vending machines for sale as he is moving to the beach.
They are bulk lolly machines and they vend a handful of lollies such as M&M’s, Jelly Beans, Nuts, etc, into little white paper bags.
This is a genuine part-time small hobby business (where the hobby is making money) as a machine only needs servicing (re-stocking, collecting money) every 4-6 weeks. So if you only serviced 10 in one day, that’s only 4-5 days work every 4-6 weeks.
None of the machines are on location at the moment, but good sites should be easy to find. They do particularly well adjacent to kid’s playrooms in hotels, in video shops or in 24 hour convenience stores, he says.
Sales of $1000 per month is easily achievable, says Peter. One machine in a very good location can achieve $150-$200/month, so if effort is put into finding good locations then a return more than $950 is possible. It costs about $40 to fill a machine
The purchase price for the 42 machines is $28,500 with a discount given for site finding costs, and start-up stock. Full training, support materials, spare parts, and phone support is included.
You can obtain further details from Peter on (07) 3321 1107Labels: income in retirement, mental health, profitable hobbies, retirement, retirement income |
