Vending Business Plan

Vending machines can be traced as early as 1st century AD. In those days a coin was dropped into the machine that struck a lever causing it to open a valve and a certain amount of holy water flowed out of the machine. During the 18th century several simple vending machines were used to dispense snuff and tobacco in England and America.

There are various kinds of vending machines available. Some of these can keep your food cool while others can keep them warm. Vending machines dispense products in several ways. Soft drink and confectionary machines dispense items when the selector rod is pulled while in other machines, a small compartment with door flap opens after money is collected for releasing the product.

• Business plan: Having a business plan may be time consuming but is mandatory for any business operation. This business plan needs should be designed in such a way that it gives you the required guidance to run your business, allows you to control your costs, allows you to identify the right time for stock refilling and also boost you with confidence necessary for running the business.

Review your business plan on a timely basis since starting a vending business is not the same as any other business. This business includes collecting money from machines, refilling with stock and proper maintenance of machine.

To get started with a vending business, contact the company from which you would like to purchase a machine. Planet Antares can help you in choosing the best machine for your location. Though both used and new machines are offered for sale, it is a wise decision to pick up a new machine. There may be thousands of business plans available and most of them can be confusing, intimidating and time consuming. So, be careful and choose a plan that is ideal for your business or take help of Planet Antares staff who will help you in all the aspects involved in the vending business.

• Location: A successful location is one that has maximum foot fall of your target customers. If you are vending a product targeted at youth, then restaurants, bowling alleys, skating rings, shopping malls, colleges, markets and coffee shops are ideal. Always be on the look out for more locations that could prove to be really favourable.

Remember, any place with steady customer traffic is a good location for a vending machine. Vending is a business with bright future. This is one of the very few businesses that generate over $70 billion dollars annually, making it one of the most profitable businesses in the world.