What could be more convenient than grabbing a snack or drink from a vending machine? And thanks to the increasing popularity of vending machines, there are now franchise opportunities available for those interested in getting into this business. In this article, we’ll reveal 10 vending machine franchises you might want to consider. Let’s get started!
What is a Vending Machine Franchise?
This vending machine business franchise type involves the ownership and operation of vending machines that dispense various items such as food, drinks, and other consumer goods. Vending machine franchises typically require a relatively small investment. The vending business can be operated with minimal staff, making them a popular choice for entrepreneurs looking for a simple business to start.
- READ MORE: How to Start a Vending Machine Business
The Vending Machines Industry in 2022
Vending machine businesses are profitable and can be found in a variety of locations, including office buildings, shopping malls, airports, and other high-traffic areas. The global vending machine industry is anticipated to reach about $146.6 billion by the year 2027.
Why You Should Consider a Vending Machine Franchise
If you’re interested in starting your own business, then starting a vending machine business could be a great option for you. Five benefits of starting one include:
- Low investment: Vending machine franchises typically require low investment, making them a great option for entrepreneurs with limited capital.
- Minimal staff: This business can be operated with minimal staff, which can help you keep your overhead costs low.
- High demand: There is a high demand for vending machines, as they are convenient for consumers and can be found in a variety of locations.
- Passive income: A successful healthy vending business can generate passive income, as you will not be required to be on-site to operate the machines.
- Flexible hours: You can operate your vending machine business on your own schedule, giving you the flexibility to work around your other commitments.
Top Vending Machine Franchises for Small Business Owners
A vending machine sales business can be a great option for entrepreneurs who are looking for a low-cost franchise with flexible hours. Here are some of the best vending machine franchises available to those who qualify:
1. Pharmabox
Pharmabox is a unique and innovative franchise opportunity in the pharmaceutical industry. With an initial investment ranging from $195,700 to $216,800, Pharmabox requires a relatively low cash requirement of only $100,000. Pharmabox franchisees must pay a royalty fee of 6% on sales, as well as a franchise fee of $36,000. The net worth requirement for this franchise is $350,000.
2. Fresh Healthy Vending
Fresh Healthy Vending is a franchise opportunity that provides healthy snacks in the healthy vending industry. The company offers a $2,000 Veterans discount, and you will need liquid assets of $70,000 to get started. The total investment is $60,000, which makes this a relatively affordable option. Buying bulk vending machines would be an additional cost.
3. Healthier4U Vending
Continuing on with the healthy vending concept, the Healthier4U Vending franchise opportunity has an initial investment that can range from $30,000 to $160,000, with the average owner/operator investing about $50,000 initially.
4. Healthy YOU Vending
Healthy YOU Vending is a great opportunity for those looking for a low-investment business with little to no royalties. With a start-up cost of between $50,000 to $185,000 and no ongoing royalties, this could be the perfect business for you!
5. Xpresso Delight
The Xpresso Delight franchise business opportunity is a great option for those who are looking for a way to get into the beverage vending machines industry. With a total investment of just $84,500 to $107,000, a franchise fee of $37,500, and net worth and liquid assets requirements of $200,000 and $100,000 respectively, this franchisor provides a great opportunity for those who meet their qualifications.
6. Clothes Bin
The Clothes Bin business opportunity is a great way to make money while helping the environment. The franchise fee of $49,000 is relatively low, and the royalties are just $6 per bin each week. The total investment ranges from $156,145 to $199,965, and the net worth requirement is $350,000.
7. Naturals2Go
Get into the Naturals2Go franchise opportunity with a starting investment of $50,000 – $250,000 and liquid assets of $50,000. Naturals2Go is a relatively low-cost franchise opportunity and gives Veterans a discount of 15% off the franchise fee.
8. Twice the Ice
The Twice the Ice opportunity is a great investment for those interested in starting their own ice and water vending enterprise. Your total investment will range from $60,000 to $135,000+, depending on the type of machine you purchase.
9. HUMAN (Helping Unite Mankind And Nutrition)
The HUMAN franchise opportunity is a great way for individuals to help unite mankind and nutrition. The total investment for this opportunity ranges from $71,495 to $108,995. Applicants must also have a net worth of $100,000 and liquid assets of at least $50,000 to qualify.
10. Reis & Irvy’s
Reis & Irvy’s offers a robotic frozen yogurt vending machine opportunity. For a franchise fee of $15,000 to $60,000 and a royalty fee of 12%, you can become a part of this rapidly growing industry. The total investment for a Reis & Irvy’s franchise is $160,950 to $593,900. Some of the key requirements for this franchise opportunity include a net worth of $250,000 and liquid assets of $120,000.
How to Choose the Best Franchise to Set Up Your Vending Machine Business
With so many vending machine options, how do you choose the best franchise for yourself? Here are four things to look for:
Reputable franchisor
When choosing a vending machine company to franchise with, it’s important to select one that is operated by a reputable franchisor. Do some research on the company and look for positive reviews from franchisees.
Proven business model
Make sure that the franchise you choose has a proven business model that you can follow to be successful. Ask the franchisor for statistics on average earnings and franchisee satisfaction levels.
Low start-up costs
Choose a franchise that has low start-up costs so you can maximize your profits. Be sure to ask about the franchisor’s royalty fees and advertising expenses.
Good location
The location of your vending machines will be key to your success. Make sure to choose a location with high foot traffic and good visibility.
- READ MORE: Most Profitable Vending Machines
How Much Does It Cost To Open a Vending Machine Franchise?
The cost of opening a franchise will vary depending on the franchisor you choose and the location. Some franchises require a lower investment of only thirty thousand dollars, while others may cost upwards of $250,000. Be sure to ask about the franchisor’s royalty fees and advertising expenses to get an accurate estimate of your total start-up costs.
Is a Vending Machine Franchise Profitable?
It is no secret that the vending industry is a booming business with the vending market share growing day by day. And with vending machines now appearing in a wide variety of locations, from office buildings to schools to hospitals, it’s easy to see why vending franchises have become so popular.
READ MORE:
- These 10 Vending Machine Products May Surprise You
- How to Start a Vending Machine Business
- Most Profitable Vending Machines
Image: Envato Elements
This article, "10 Vending Machine Franchise Opportunities" was first published on Small Business Trends
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