Is it normal to pay rental for the space of the owner?
Thank you for this detailed article. I have a question about the ‘single hardest part of starting a vending machine business from scratch’ – acquiring locations for your machines.
Is it normal to pay rental for the space of the owner? And what is the typical amount if so? Is it a percentage?
In general, the profitability of a vending machine is directly linked to its location. For that reason, high-traffic or popular locations like hospitals and office buildings often charge a fixed monthly or quarterly rate to rent the space. This fee is typically around $5 for small machines (like gumball machines) and around $50/month for machines that require water and/or electricity. Alternatively, some locations charge a portion of the machines proceeds – generally between 15 and 25%. Hope this helped!
Best of luck,