The answer is simple! A vending machine business is quite profitable. When you consider some of the facts regarding the financial outcome of an average person's life in this country, which can be pretty disturbing, it becomes even more clear. As an example, consider the following:
Vending Business - FACT 1
The Social Security Board reports that at age 65, 75% of Americans are dependent on family, friends and charity; 23% of this group is still working and only 2% are financially independent. Your decisions today determine where you will be tomorrow. People do not plan to fail as much as they fail to plan. The vending machine business can help provide the extra income needed to make a difference later in life!
Vending Business - FACT 2For 98% of Americans, setting aside money is simply not convenient. This fact is responsible for 85 out of 100 Americans reaching 65 with only 1 in 500 having as much as $24,000. This is a sad statistic for a country noted for the highest standard of living in history. The effect of your decision today is magnified many times at retirement. However, the longer you put off taking care of your future the less impact any decision will have. Consequently, you give the odds more time to stack up against you.
Vending Business - FACT 3On the flip side of those dire statistics, the Miami Herald writes: A small business investment beats Wall Street and real estate. Eighty-nine percent of people in the 50% tax bracket or above are small business owners. It is quite common for a person to invest $25,000 in a business and two years later to be able to draw a $25,000 salary, plus show a profit of $25,000. The business is valued at two to three times net and salary, or $100,000 to $151,000 depending on the type of business. In addition, 400% to 500% return on investment is taxed at low capital gains rates.
There is nothing quite as exciting or challenging as working for yourself in your own vending machine company. You make the decision and reap the benefits in accordance with your efforts, ideas, commitment, learning curve, and performance. After all, according to the U.S. General Accounting Office, 10,000 Americans achieved millionaire status in the last 12 months, and of those 99% were small business owners!
With all this said, what's next? If you're interested in starting a vending machine business and would like to talk to a knowledgeable vending professional, give us a call today at 1-800-592-4220. We'd be more than happy to answer your questions about new, refurbished, or used vending machines, helping you to find profitable locations for your vending machines, or how you too can start making money today!