What are the most profitable vending machines? Insider Monkey has come up with a great compilation again. Even though vending machines are an example of passive income, there are however several factors that you must consider when buying one. First is a type of products, and second is machine type and lastly where it will be placed. Of course, start-up costs are always something to have in mind. Vending machines can cost from $120 up to $3000 or more, depending on the quality, type and brand. Among the best ones are Grabbit, USI or Crane according to some sources. And of course, don’t forget the location, as it’s one of the most important aspects. For that, you can hire one of the vending machines locator services, to help you choose the best spot. Speaking of location, offices and businesses looking for vending machines are probably the best options.
Now without a further ado let’s see what Insider Monkey has investigated for us. We have picked three of the most profitable vending machines from their list.
The first one is Office Supplies Vending Machine. The price of office supplies vending machine is around $1000. This type is useful in scholastic settings, airports, libraries and career centers. They provide pens, paper, UBS flash drives, notepads, pencil sharpeners, small staplers, etc. The second one on our list should be Frozen Food Vending Machine. Frozen Food vending machines are pretty expensive comparing to the other ones on our list. The average price is around $6000, while they are not prioritized on the list of the products most sold in vending machines. For the next one we are mentioning Condoms Vending Machine. The price goes around $2000. However, they can also be joined with other toiletries items and medical supplies located in public bathrooms at the airports, bars, restaurants, and clubs, which can be more profitable. At last, but not least let’s see Candy and Dumball Vending Machine. This type of vending machine can cost from $54 up to $800 depending on the size, shape, and number of exits. However, it is one of the most popular machines when it comes to kid’s choice, so you can easily earn a gross profit of $1,000 to $2,000 or more per year.
For any further useful information, read Insider Monkey’s article about 11 most profitable vending machines.