|Financially reviewed by Gordon Scott|
|At A Glance —Vending machines are on every corner: schools, malls, office buildings, and hospitals. What’s more, every year the vending machine industry makes billions of dollars in revenue. You may be thinking of getting in on this profitable niche market. All you need is a solid strategy, a bit of background knowledge and reliable financing. In this article, our experts outline the top financing options available for your vending machine business.|
Many business funding methods are accessible for new and established vending companies who need capital to launch or grow. The information on this page will help you decide how much money you require and how to obtain it to ensure business success.
The minimum amount of money required to start your own vending machine business is roughly $1,500 - $2,500. This investment will likely be used to buy:
- 5 to 10 new machines for a bulk vending style business
- 1 or 2 refurbished machines for snacks and sodas
- Products to stock your vending machines
- Cash on hand to cover extra and unexpected expenses
If you have a greater amount of money you can buy more machines and products. This may bring with it more risk, but it also gives you a greater chance for larger profits.
Best Vending Machine Business Loans
To cover the starting capital or operating expenses, you'll likely need a helping hand. We've got a few top options you can use to start and grow your vending machine business.
Best Loan Type
Buy the vending machines
Inventory, equipment purchase
Personal loans for business
Current spendings, salaries
Business line of credit