4 ms·
I looked into vending machines many years ago and the overheads were massive. Insurance, maintenance, local government approvals, stocking, supply chain issues,
by hutch120 5y ago
I looked into vending machines many years ago and the overheads were massive. Insurance, maintenance, local government approvals, stocking, supply chain issues, vandalism, and the list goes on and on... it is a business where you must scale. You need to be running a fleet of vending machines to make it worth the hassle. There are some interesting companies tackling some of these issues in the IoT space.
- gtt 5y agoI've considering vending, too. Could you tell something about IoT for solving above-mentioned issues?
- evanlivingston 5y agoIot ain't gonna restock the thing, clean the graffiti, fix the coin counter, replace light bulbs, clear jams
- aserr 5y agoNo, but it can tell you when those things happen to minimize the number of unnecessary trips to the machines. Ages ago I interviewed with these folks who were early in the space: https://www.cantaloupe.com/ https://www.cantaloupe.com/
- pmorici 5y agoA well off friend of mine bought a vending machine business it turned out to be a major mistake. Major time suck, slim to negative profits.