Wanna invest on ice vending machine? You must know this before buying ice vending machine for sale. Read our tips on Typestrucks below.
Things to Know Before Buying Ice Vending Machine for Sale
If you established a F&B company, or perhaps opening a gas truck company business, owning an ice vending machine is a great choice for investment. Maybe, you wonder why is it important to consider buying an ice vending machine for sale? It’s also no wonder that you may not be too familiar with the term either. To put it simply, an ice vending machine is an automatic vending machine that sells you ice cubes. There are some reasons why considering to start ice vending machine business for sale is a great choice.
You Won’t Need to Hire Employee
There’s no need to worry that you’ll have to hire more people by purchasing ice vending machine for sale. As a matter of fact, you won’t need any. Your only employee would literally be a simple machine. This is a great business option especially if you’re not really into checking your business often. It does feel different than if you buy ice cream vending machine for sale. An ice cream machine will still require an operator. The ice vending machine on the contrary, doesn’t need any.
This is the kind of boring business where you can set it and forget it, however you’ll need to check-in and make sure that everything is functioning properly each day to make sure you don’t lose out on sales. Otherwise, this is a fairly easy business to start up and run. You can think about hiring a day-to-day operator who can check in on how the firm is going each day. It needs less control than if you purchase an ice cream vending machine for sale. However, you do have to pay a visit from time to time just to check if the machine working out properly, or whether you need additional or a brand-new ice vending machine business for sale.
You Can Gain Profits Based on Its Locations
One thing that you must know when you’re going to purchase ice vending machine for sale craigslist. Whether the machine will generate profits for you or not is highly depend on its location. Finding the perfect location for your ice vending machine might be quite difficult. Most of the time, you can imagine that you’re going to place a vending machine ice cream for sale.
To determine the best location to place vending machine ice cream for sale, you must first to analyze your customers’ habit. You’ll need to be incredibly aware of the position of your ice vending machine while scoping out where to place it because you’ll be seeking to have one that sees traffic with 10,000 or more cars each day.
First and foremost, you should check that the position may be easily seen by passersby who are walking or driving by. You’re doomed if you don’t have that. Easy parking access is another item you’ll need so that your customers can just pull in, collect their bag of ice, and pull out again. Some places that you might find it strategic to place ice vending machine for sale craigslist are:
- Gas stations
- Car washes
- Grocery stores
- RV parks
- Camping areas
- Town centers
It’s a Simple Model Business That Doesn’t Require Too Many Equipments
One of the biggest charm owning an ice vending machine business is that the business is actually quite simple. To get into the business, you’ll only need to own:
- A water and ice vending machine that is in a good condition
- A piece of private land (alternatively, you can also lease from someone by paying monthly or yearly rent)
- Free access to electricity hookup and water
- A car to drive every day
When it comes to machinery, you should be careful to make a wise investment. You may anticipate a high-quality machine to sell about 75 ten-pound bags of ice every day if you decide to get one. With an estimated cost of 25 cents per gallon of water, each machine will generate $195 per day (or $5.8k per month) or $71,000 annually. The best thing, though? Although your machine can certainly produce 75 bags per day, the breakeven point for your business is more likely to be 15 bags. Any more money is pure profit.
Some Upfront Costs Might Occur
While you don’t need to be rich to start an ice vending machine business, there are a few items you should be prepared to spend extra money on up front. The cost of the machine itself might range from $20k to $100k per unit.
In your business plan for an ice vending machine, keep in mind that there will also be some upfront and on-site expenses, such as hiring someone to install the machine at your location and erecting parking barriers or blockades.
It’s Possible to Get Financing for Equipment Purchases
The majority of people are unaware of the fact that you may really finance the purchase of an ice vending machine from a vendor. One can be purchased from a preferred seller, such as Ice House America, for $35,000. This machine will last for around ten years, and you’ll just have to pay about $350 a month for financing. You can also opt to buy a secondhand vending machine instead. You can find best offers for used ice vending machine from Craigslist or eBay. Alternatively, you can also browse Facebook Marketplace to discover the best price.
Compared to buying new, buying used will save you money up front. It’s crucial to note that ice makers endure significant wear and tear on a daily basis. When you purchase a secondhand machine, you run the danger of having to pay out-of-pocket for any required maintenance, cleaning, and repairs because the warranty has probably already run out. Additionally, you might end up needing to pay more than you would if you had purchased fresh for these services.
Additionally, ask the dealer of the ice maker for a history of the device. You should be provided with details such as the former owner, the location, and the maintenance tasks carried out. Also remember that you have the choice to buy a reconditioned device. These machines often cost around 50% less than a brand-new one, which may assuage your concerns about overpaying for repairs and maintenance. Make sure to inspect the used item in person before purchasing it. In this manner, you can examine it for any damage that needs to be fixed. Upon inspecting ice vending machine for sale, keep an eye out for:
- Severe deterioration or corrosion of the component parts
- rusted or bent condenser coils.
Here’s Your How to Choose Used Vending Machines for Sale