Many times when starting a candy vending machine business, the salesperson will show you the income potential of the new business and the ease of running it, but will not present the full picture of the other side of the coin, the expenses. Here we will present the expenses of a typical candy vending machine business, with special emphasis on the cost of smart growth. When you are ready to start a profitable and growing candy vending machine business, pay attention to this short article!
Start-up and maintenance costs of the machine.
Start-up and maintenance costs for candy vending machines include the initial cost of candy vending machines, the cost of repairs, and the ongoing cost of replacing machines that cannot be repaired and also replacing stolen machines. Candy vending machines are usually not the most expensive, but you may want to place a lot of cheap candy vending machines to generate significant income.
Cost of vending machine service
Your candy machines are likely to be located in the city. Driving and car maintenance expenses will not be negligible when you manage your sales route as a business, that is, regularly.
Standard business expenses
You’ll want to spend your computer, any marketing materials, the cost of the phone line you use for your candy machine business purposes. In addition, you will need to occupy office space to run your business and therefore will incur some office space expenses.
business taxes
Like any other business, you’ll pay taxes on business profits and pay payroll taxes when you pay yourself or others a salary. Depending on where you run your business, you may also have to pay city and county taxes that depend on your income.
growth cost
And here comes a gem. When you are serious about growing your candy vending machine business, you will want to maximize its growth potential. What does that mean? First, you’ll monitor the profitability of each individual candy machine and each individual type of candy you put into the machine! And when you realize that a certain candy machine or a certain brand of candy isn’t producing, you’ll put the machine somewhere else and throw out the candy that isn’t selling. The faster you want to grow, the faster you want to “fail forward” that way, and the higher your growth cost will be.