Borrowing Money to Start Your Vending Business.
This is my site Written by The Vending Guy on February 16, 2008 – 5:24 pm

Vending Machine Locating GuideThe biggest problem with borrowing to buy vending machines is that they are usually very overpriced. New, and even used, vending machines depreciate down to zero very quickly (with 2-5 years). This is not to say that the vending machine will have to be replace after 5 years (I have 10 year and older machines running); but you cannot resell them for much money if they have been used for 2 years or more. They just look too “used” – buyers like new.

I believe that if you do not have the money to buy something then you probably need to fix your personal cashflow first. Because if you have poor cashflow in your personal life you will bring that into your business. I’ve noticed that many people believe that you can just “out earn” your financial problems. I do not believe this is possible – I have never seen a real lief example of someone who did not properly manage their money AND were very financially successful. Sure they may have great income but once the income ends (or is reduced) bankruptcy is right around the corner. If my income ended I would have to develop another stream but I would be just fine.

It has been my experience that you get very good machines for a fraction of their original price. My best method is to advertise in local papers (I use the local “cheap fliers”). My ad reads “Cash for your used candy, gumball, and vending machines”. I think you may be surprised how many people have vending for sale.


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One Response »

  1. Hi…

    I saw this really great post today….

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