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When starting a vending machine business, a large portion of your capital will go to finding the right units.
It’s important to ask yourself how much is a vending machine. Never start doing anything else if you don’t have a clear answer to such a simple question.
How much does a vending machine cost is a question whose answers depend on a lot of considerations. Are you buying a new or a used one? Which brand? What type? And so on…This new 2023 guide about the estimated vending machine cost will provide practical answers.
Novelty is the first factor that we’ll consider when taking a look at how much does it cost to buy a vending machine.
New vending machines will cost astronomically more than old vending machines. This is why it’s important to be very distinct if what you want to have are new vending machines or second-hand vending machines.
And in order to give you a specific figure on how much does it cost to own a vending machine that’s new, we’ll consider these questions:
What type of vending machine do you want to have?
Where are you buying the new vending machine?
What is the brand of the new vending machine to be purchased?
Walmart’s vending machine prices are $3,150-$9,300 including discounts.
Alibaba has comparably cheaper rates. It sells vending machines for as low as $248-$400. The most expensive vending machines cost $1,250-$3,194.
OnlineVending, a marketplace specializing in vending machine sales, sells vending machines for $3,000-$8,000.
Now let's take a look at how much does it cost to purchase a vending machine based on known brands such as Azkoyen, Crane National, Fuji, AMS, and GLORY.
Azkoyen, the leading brand for coffee vending machines, sells its units for $1,770-$3,200. But we found a vending machine unit from this brand that costs $7,025
Crane National vending machines cost $1,295-$2,895
Fuji vending machines, which are known for their durability, costs $7,000-$9,000
AMS vending machines are nearly as costly as Fuji vending machines. They cost $4,495-$7,395
GLORY vending machines are $2,500-$5,000. They’re neither too cheap nor too expensive
Vending machines come in different types. Some are more expensive while others are cheaper. So how much does a new vending machine cost based on its type? The table below gives you the figures:
|Vending Machine Type||Cost|
|Cold beverage vending machines||$5,000-$9,000|
|Hot beverage vending machines||$1,900-$4,500|
|Coffee vending machines||$1,995-$2,695|
|Frozen food and snacks vending machines||$3,200-$7,459|
|Combo vending machines||$1,350-$5,558|
|Smart vending machines||$4,440-$8,150|
Thing is, if you have budgetary constraints, it’s not economical to go for brand new vending machines. The smart thing to do is to get second-hand vending machines.
There’s nothing bad about second-hand vending machines. They’re as good as brand new pieces. Refurbished vending machines have been thoroughly disinfected, rewired, replaced with new parts, and recoated.
So how much does a used vending machine cost? Again, it’s hard to give you a specific figure without considering factors. And so, we’ll give you an answer based on where you plan to get the used vending machine and its type
eBay, UsedVending, and OnlineVending are some of the best places to get your hands on second-hand vending machines. So how much is a used vending machine from these places anyway?
Refurbished vending machines on eBay cost $300-$5,900. Most of these are drink and combination vending machines.
Used vending machines sold in UsedVending are $1,500-$7,000. By the way, we found a “take all” offer that costs $7,000. UsedVending also sells specialized vending machines for $44,000-$70,000.
Finally, how much do used vending machines cost in OnlineVending? Food and snack units from this seller costs $1,195-$2,995. Refurbished cold food vending machines from OnlineVending, on the other hand, costs $1,595-$2,295.
Renting is an option if you can’t afford to buy your own vending machine or because you need additional units but don’t have the budget for them yet.
So how much does it cost to rent a vending machine? Vending machine rentals charge $90-$250 for one month of rent. That said, a whole-year rental agreement will be $1,080-$3,000.
Of course, you also have to think of the investments on vending machine insurance as this is one of the factors when thinking how much does it cost to run a vending machine business.
Insurance for rental vending machines will cost $38 per month or $456 per year for a $1 million general liability policy.
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You can’t operate a brand new or refurbished vending machine legally without a license. This doesn’t come free. And so, it’s important to ask how much is a vending license from the location where you’re living.
The table below shows all known locations that provide a specific figure on the cost of their vending machine license/permit.
|Location||Cost of Vending Machine License|
|Louisiana||$5 (per machine)|
|Maryland||$2.50 (per machine)|
|Massachusetts||$10 (per machine)|
|New Jersey||$100 (for the first vending machine and an additional $5 for any additionals)|
|Rhode Island||$25 (per machine)|
|Virginia||$3 (per machine)|
|Wisconsin||$125 (for the first machine subject to a $5 increase for each additional machines)|
Keeping your vending machines well-stocked is very important. Customers will find it unattractive if your vending machine isn’t buffed with all the goodies available.
The investment for stocks is a major investment.
How much does it cost to stock a vending machine? It depends on the type of goods sold. That said, we’ll provide an answer based on this consideration.
A one bag of coffee powder for a coffee vending machine costs $103. Your vending machine might need four of these. And so, you’ll spend $1,236.
Of course, you also have to think about the cups when asking how much does it cost to fill a vending machine that sells coffee. One pack consisting of 5,000 cups cost $5-$10.
Stocking a food vending machine with chocolate bars, chips, and other snacks for kids and adults will cost $1,500-$2,000. Another question to consider is how much does it cost to restock a vending machine that’s big and used for selling food? Expect to invest $3,000-$5,000 for stocking it.
Say what if I sell clothing, how much does it cost to refill a vending machine in this case? Clothes in vending machines cost $35-$40. That said, if your vending machines can house 50 pieces, then the investment for stocks will be $420-$480.
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Periodic maintenance is crucial. And so, it’s important for you to ask how much does it cost to maintain a vending machine?
Speaking of maintenance cost, what comes to mind immediately is the cost of replacement parts, such as vendmotors, drop sensors, bill acceptors, credit relays, keypads, and more. Usually, these parts cost $50-$1,500.
Cleanup is also a part of maintaining the vending machines. Commercial cleaners charge $25-$35 an hour. 5 vending machines need at least two hours to be thoroughly cleaned. And so, expect to pay $50-$70.
You shouldn't forget about the service charge for repair services when thinking of the maintenance costs. Vending machine technicians charge $20 and require 6 hours of work. The maintenance cost of repairing one vending machine is $120. If you own five vending machines, then you’ll pay $600.
Your vending machine can’t make money if you don’t install it in ideal locations. Landlords or property managers charge differently. So how much does it cost to place a vending machine? Price is determined by taking a percentage of your sales or stating a fixed rate.
Most go for the first option and ask a 8%-21% commission from your vending machine’s monthly sales. Considering that monthly sales are $500, then the monthly installation fee is $40-$105 per month.
If you’re moving a vending machine within the city, then you’ll only expect to pay $100-$200 for a moving service.
Moving a vending machine locally in distances 100 miles more requires transportation fees aside from labor charge. This will be $310-$1,550.
The design of the new or used vending machine might not fit with your brand. Using wraps is a cost-effective, harmless, and efficient way of customizing it.
So how much does it cost to wrap a vending machine? All use vinyl material. The cost of wrapping a vending machine with a height of 5.25’’, width of 31.5’’, and depth of 25’’ is $75-$100 excluding service charge.
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