How much does it cost to invest in a vending machine? Potential assessment
Vending machine business is currently one of the most potential business forms with the ability to quickly recover capital investment. However, many investors are still wondering about how much the vending machine price will be and the possibility of making good profits? Here are the details for this topic!
1. What is the price of a vending machine?
Currently, the price of vending machines is very diverse according to the type and origin of the machine. Therefore, you need to base on your needs and cost to choose the suitable model. Normally, the current investment cost of vending machines in the Vietnam market is usually:
- For vending machines imported from abroad: Product lines imported from the United States, Europe, Japan, and Korea usually have the price ranges from 120 to 160 million VND. Machines imported from China cost from 55 to 130 million VND.
- For vending machines assembled in Vietnam, based on the components, the price will be offered separately by the manufacturer based on the assembled components. Normally, this model usually costs about 80-120 million VND.
- Used vending machines usually cost from 40 to 80 million VND depending on the features and quality of the machine.
- Renting vending machines: Currently, there are some units that support vending machine rental with monthly fees. Therefore, if you want to "try it out", renting a machine will help you have a better assessment of this business form.
In general, you just need to spend about 100 million VND to be able to own a vending machine and start your business. For imported machines, you will have to bear the import tax and shipping costs. Vending machines made in Vietnam are usually cheaper because these machines do not cost much to import or any tax fee.
Besides the initial cost of buying vending machines, to participate in this business model, investors also need to prepare some other costs such as:
The cost of renting space to set up the machine
Compared with the traditional sales form, vending machine business will save more premises rental costs. Because the vending machine is very compact in size, it does not take up much space to place the machine. Therefore, the cost of renting premises will be much cheaper than renting a retail store.
Usually, the suitable location for placing vending machines is in crowded areas such as schools, hospitals, industrial parks... The price for placing vending machines' premises will normally be less than 4 million VND/month.
Vending machine repair and operation costs
Vending machine investors also need to pay attention to the cost of repairing and operating the machine. In order to minimize the costs associated with the repair, replacement of spare parts and components later, it is essential to choose a quality vending machine product right from the start.
Each supplier will have a certain warranty period. Therefore, you need to pay attention when choosing to buy a vending machine together with preparing a plan to ensure the operation of the machine, avoiding business stagnation affecting the revenue.
If you operate a large-scale vending machine business, consider hiring a team of professional maintenance and repair staff for the most cost savings.
2. Other expenses when trading vending machines
3. Profitability of vending machine business
As can be seen, the cost you need to spend for a vending machine is not small, although compared to other business forms this is a very low cost. So on average, how long will it take you to profit from this business form?
Generally, there is hardly a definitive answer to this question. However, if you have a beautiful location, a large number of products sold, the ability to recover capital investment as well as profit from the vending machine business will be very fast because this machine can operate 24/24 with low investment costs.
On average, if your business is good, it only takes you about a few months to a year to get back your capital. Therefore, this is a pretty good profit and low risk business model that you should try.
Accordingly, the price of vending machines is not considered high compared to what this potential business form brings. If you are looking for a low-cost and low-risk business idea, this is a great suggestion for you!