ilmscore | Where to find CHEAP vending machines (Under $500!)

Where to find CHEAP vending machines (Under $500!)

Predictions from this Video

Total: 34
Correct: 0
Incorrect: 0
Pending: 34
Unrated: 0
Prediction
Topic
Status
The speaker predicts an annual income of approximately $2,400 from a vending machine business, which can be sustained long-term.
"you'll make about $2,400 per year and extra income for you know the rest of your life wherever long you feel like doing this one simple trick"
Vending Machine Business
Pending
The speaker estimates an additional $2,000-$3,000 per year can be earned from a vending machine business with relatively little work, implying it's a consistent income stream.
"but you'll make about $2,400 per year and extra income for you know the rest of your life wherever long you feel like doing this one simple trick although it's not that simple takes actual effort an actual work but if you want to make an extra two to three thousand dollars a year relatively easy without much work then this videos for you"
Vending Machine Business
Pending
A specific vending machine is predicted to generate $85 per week, totaling $4,420 annually.
"it makes about $85 per week it's made that ever since probably September of last year which is a really cool thing All Things Considered $85 per week is four thousand four hundred and twenty dollars per year that I make off of that machine"
Vending Machine Revenue
Pending
Vending machine upkeep is estimated to require only 1-2 hours per month.
"and realistically it only takes one to two hours per month and upkeep"
Vending Machine Maintenance
Pending
A 100% profit margin is projected for vending machine sales, with drinks costing $0.25 and selling for $0.50 per can.
"on average you buy soda or drinks for 25 cents per can and then whatever you mark it up to your profit they buy cans for 25 cents they sell it for 50 cents per can simple enough right"
Vending Machine Profit Margin
Pending
A local business selling only Mountain Dew in a vending machine is expected to make $50 in profit daily.
"that's $50 in profit every single day a local business makes selling just Mountain Dew in their machine"
Vending Machine Daily Profit
Pending
Used vending machines can be purchased for as little as $200.
"the machines are as old as dirt you can buy them use for about $200 per machine"
Used Vending Machine Cost
Pending
A new vending machine valued at $5,000 can be acquired used for approximately $500 (10% of the new price).
"meaning a $5,000 machine can realistically be held a $5,000 machine can be realistically purchased for about 10% of what it would cost new $500"
Used Vending Machine Cost
Pending
A Royal Generation 3 vending machine, typically costing $2,000-$3,000, was purchased at auction for $600.
"this royal generation 3 was about a two to three thousand dollar machine and my brother got it off of an auction at $600"
Vending Machine Purchase Price
Pending
To find good vending machine deals, it's more effective to search for specific brands or models rather than a general term like 'vending machine'.
"I found that when you do a generic search for an item like a vending machine you get lots of crap but when you type in actual items you will find good results"
Vending Machine Search Strategy
Pending
Refurbished vending machines can be obtained for approximately $800, with potential for delivery fees.
"and he rebuilt some machines and his deals ain't her bucks we'll get you a machine and most of time he will deliver for that fee Dixie narcos like kind of one of the almost gold standards you want to watch do some googling and make sure that it has a capability to take bills"
Refurbished Vending Machine Cost
Pending
Dixie Narco or Royal vending machines are available for around $540, fitting within a $600 budget, and should be checked for bill acceptor functionality.
"this is five hundred and forty dollars I said earlier we have about a six hundred dollar limit so here's a Dixie narco machine here's coke vending machines seven selection that looks like a royal rule similar to what I have with a bill acceptor"
Vending Machine Purchase Price
Pending
Replacement control boards for vending machines are generally inexpensive.
"usually the Control board's on these kinds of machines are super cheap"
Vending Machine Repair Cost
Pending
Broken compressors are the most difficult component to repair in a vending machine.
"the last thing you want with a machine is a broken compressor they're very very hard to fix"
Vending Machine Compressor Repair
Pending
The Dixie Narco 7276C model vending machine is comparable to those in convenience stores that sell 3,000-4,000 cans of soda per month.
"it's a Dixie narco 7 276 see this is really similar to the local convenience store that sells 3,000 cans of pop a month 4000 cans of pop a month that's similar what they have"
Vending Machine Capacity
Pending
A nice-looking vending machine is available for $400, with the seller indicating everything is functional.
"that looks like a freakin nice machine for $400 and it says that everything works on it and he would trade"
Vending Machine Purchase Price
Pending
Older Dixie Narco vending machines that accept bills can be found for around $800, and a 'freakin nice' machine was seen for that price.
"that's an old old machine I probably wouldn't consider that old-school pop machine this looks like an older Dixie narcho that takes bills do some in research that's an IRA so that's up a little north a little bit but not too bad Grove port that's right outside Columbus eye and that looks like a freakin nice machine for $800 god forbid"
Vending Machine Purchase Price
Pending
A visually appealing vending machine is guaranteed to be available for $700.
"oh wow look at that that's a nice looking machine for $700 guaranteed"
Vending Machine Purchase Price
Pending
A refurbished Dixie Narco snack machine, typically valued at $2,000, can be purchased for $1,000 through liquidation auctions.
"this is 2016 which is old if you can find these auction website templates where they go in and sell the assets for a repossess company you could get a deal like this on a dixie narco snack machine that is a 2000 dollar machine all day every day refurbished heavily used that's a thousand dollars"
Used Vending Machine Cost
Pending
A vending machine was sold at auction for $105.
"it closed for 105 dollars"
Vending Machine Auction Price
Pending
A vending machine that dispenses bottles, typically valued at $3,000, was sold at auction for $205.
"$250 for this a bad max bin vending machine so this is one that will vind bottles that's like a $3,000 machine and it's sold for two hundred five dollars"
Vending Machine Purchase Price
Pending
Cold drink bottle vending machines from Illinois can be purchased for $1,000, though arrangements for pickup are necessary.
"and a lot of time these machines don't sell very very high okay so this is a nice cold drink bottle vendor from the state of Illinois I hope I said that right because my wife makes fun of me all the time and so for $1,000 you have to kind of get your ducks in a row to have somebody go and pick them up"
Vending Machine Purchase Price
Pending
Vending machines from a closed entertainment center were sold for approximately $150 each, with a bulk purchase of 20-30 machines possible.
"some company it was like a Chucky Cheese entertainment center they lost all their equipment and everything they're sold for about $150 a piece and it was I think 20 or 30 machines"
Vending Machine Bulk Purchase
Pending
Acquiring multiple vending machines could generate an income of $2,000 or more per month.
"buy a whole bunch of these and you could have a nice $2,000 a month income or 15 or bucks a month income just by thinking out of the box"
Vending Machine Income Potential
Pending
The speaker offers location partners either a monthly fee or a commission of $0.05 per item sold.
"I offer people either a fee on a monthly basis or I offer them a set five cents per show to sold"
Location Negotiation
Pending
The cost of soda cans purchased from Sam's Club or Costco is between $0.25 and $0.30.
"I am buying all my pop at Sam's Club I don't have a closed Costco Costco is really no different but I paid between 25 and 30 cents per can"
Drink Cost
Pending
Soda cans are sold at vending machines for $0.75 each.
"I mark them up and I sell them for 75 cents per can"
Drink Selling Price
Pending
The profit margin per can of soda sold is between $0.45 and $0.50.
"meaning I have a profit per can of between 45 and 4045 and 50 cents per can"
Vending Machine Profit Per Can
Pending
A monthly location fee of $20-$30 is suggested to secure vending machine placement, acknowledging the business owner's need for compensation and electricity costs.
"I would rather have a lot of something rather than a little bit of nothing or all of nothing I have a lot of friends that have this theory that they should never pay anybody for anything they should hold every dollar on I find that when I offer people a little bit of money to kind of grease their wheels or get me into locations it really really helps and with offering a small commission either a monthly fee of you know twenty thirty dollars because when you place a machine at a location you're gonna have to pay somebody let's be honest you know somebody's gonna have to pay electricity and most business owners are savvy enough to realize that they're going to be paying for electric they need to make a little bit of money off of it"
Location Fee
Pending
Net income from a vending machine generating $4,420 annually, with a 35% cost of goods sold, is projected to be $2,875 per year.
"my cost basis per can of soda sold is about thirty five percent so if you take that four thousand four hundred and twenty dollar number that I used earlier and then you take out a cost of goods sold of about thirty five percent you end up with two thousand eight hundred and seventy five dollars per year and net income that you could make"
Vending Machine Net Income
Pending
The vending machine business can yield an hourly wage exceeding $100.
"that's over a hundred dollars an hour you're going to make doing one of these"
Vending Machine Hourly Wage
Pending
Snack vending machines have a lower profit per item ($0.65) compared to soda cans ($0.50), with items costing $0.70 and selling for $1.25.
"I tend to spend about 70 cents per piece and I really only mark them up to dollar 25 which is significantly less money that I get what that's what sixty-five cents per per item sold as compared to 50 cents on a can of pop"
Snack Vending Machine Profitability
Pending
Investing in the stock market is recommended as an alternative to vending, with a mention of the platform 'Weebul' and future content focused on finding cheap items to start businesses.
"invest in the stock market sign up to weeble police considered participating in our live streams ever when we started up on teachable investment joy comm slash teach or want to do videos that are much more like this where we're actually going to go on websites and hunt down cheap stuff to buy and start businesses with"
Stock Market Investment
Pending
Opening a Roth IRA account for stock investments is considered a wise financial decision.
"investing in stocks especially starting an IRA account like a Roth as a wonderful idea"
Retirement Account
Pending