Vending machine franchises have come a long way from throwing a few coins in a machine, pushing a button and anticipating the mechanical delivery of a can of soda or bag of chips. Now, like most of the world, technology has grabbed hold of this industry making it very sophisticated and user-friendly. Because of new innovations there is great potential in vending machine businesses.
Growing Demand Industry
Food and drink remain on top of the vending machine industry, with products like cold and hot beverages, alcohol (where permitted), healthy snacks and even full meal options. You need only let your imagination soar to come up with potential products you can sell via vending.
Some of the specialty items we see are:
- Redbox videos
- Laundry products (at laundromats)
- Apple iPhones
- Beauty products (Kylie cosmetics and Sephora)
- Beats headphones
- Over-the-counter meds
- Sunglasses
- Books
- Legos
- And yes, even cars!
Money to be Made
Coins and paper money are a thing of the past with credit/debit cards and payment apps allowing you to get paid as soon as a product is dispensed. That’s part of the reason the popularity is growing in the vending machine franchise industry. There are about 5 million vending machines in the U.S. of all shapes and sizes with a myriad of products. Vending machines bring in about $7 billion in sales, annually.
Any entrepreneur looking to get into a growing franchise opportunity, the global vending machine operator market is a $32 billion industry growing at a nearly 10% growth rate.
The reason for the growth:
- Busy lifestyles are building demand for on-the-go-snacks
- 24-hour availability to products
- Convenience factor simplifying life for consumers
- Automation means no headaches trying to hire staff during a labor shortage.
Vending Machine Franchise Opportunities
A vending machine franchise is a low overhead, home-based, affordable opportunity that is a great start into business ownership without costing a fortune. It allows you to keep your current career and use this as a side hustle, retirement supplement or even a family business with pretty immediate results, meaning a quicker path to profit potential. This is a very scalable business; growing at your pace.
Your franchise fee provides a proven business model, franchise training and on-going support from industry specialists and fellow franchisees.
Search for a vending machine franchises, check out our listing of vending machine business opportunities, searchable by cost and location.