Business Plan Vending Machine Business
Vending Machines?
For next year I plan to buy a vending machine and stock it. I will put it at a store on the boardwalk during the summer. I do not know much about how the whole business works, like how much should be paid to the store owner, and such. Any people with experience in this field and advice for me please answer with as much information about it as possible. Please help.
Thank you.
you need to do a cost analysis… you might be better off just renting the space from the store owner at a monthy rate. say 100 dollars a month. if you try and give the store owner a cut.. then you have to bring business ethics into the situation. rent the space and take the rest of the profits for yourself.. put a contract together so you dont get stuck at that store if your machine doesnt do well. put a time limit in the contract as well so you can move to a more populated area.
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