If you are thinking about starting a vending machine business, you have probably heard about 1-800 VENDING. Now you want to know if investing in 1-800 VENDING is a good business opportunity for you. They claim that they provide the fastest and safest road to success but is it true?
1800 VENDING Basics
1-800 VENDING is a vending machine company, proud of their reputation, experience and machine quality. They suggest as potential franchisees do an adequate amount of research prior to investing in a new vending machine business and compare the various machines available on the market. They will help you start your vending machine business in a legal and safe manner.
How Does It Work?
Once you have a 1-800 Vending machine, all you have to do is find a location for it and you will begin earning money. Most new businesses fail because there is no cash flow when you start operating. With a vending machine, you will see cash flow on Day 1. The machine will be making money for you 24 hours a day.
You will need to spend about 20 minutes per week servicing each machine and stocking it with new refreshments. You can either take care of this yourself or hire an employee to take care of it for you.
The 1-800 VENDING machines are 4 vending machines in one. It is a soda, snack, bottled water and energy drink machine. You will be able to profit from all 4 sources of revenue without having to buy 4 machines and find locations for each one. The energy drinks and sports drinks are an exploding market that you will be able to cash in on. Most vending machines cannot vend this type of product because of its size.
You will have a professional coaching team available to help you every step of the way. They will help you decide which locations would be good and tell you how to approach potential locations. They will also be able to help you with business decisions. Having access to this knowledge base is invaluable.
What Do You Have To Do To Become A 1-800 VENDING Distributor?
The first thing you have to do to become a distributor is call 1-800 VENDING. Their friendly and knowledgable representatives will walk you through the easy steps to becoming a vending machine distributor.
They will send you the franchise application. Fill out the application and return in with your $30,000 initial investment. They will also give you information about third party lending if you are interested. They will get all of the documents filed with the state. As soon as the application is approved, you will receive delivery of your vending machine(s).
Time And Money Investment Needed
The minimum investment of money is $30,000. Of course, if you get more vending machines, the investment will be higher. Third party lending is available for franchisees with a credit score of 700 or higher. Some of the investors choose to invest the cash they have available to them while the majority open a credit line allowing them to wait 30 to 45 days before making their first monthly payment.
The amount of time you invest into the business is really up to you. You will need to spend time securing your vending machine locations. After that, you will need to make sure you keep your vending machines adequately stocked, which is usually once a week. It takes only 20 minutes to service each vending machine location. To save time, you can hire a professional locator and employee to stock the machines.
1-800 VENDING Pros
1-800 VENDING machines are four machines in one. They are a soda, snack, energy drink and water machine. This makes it easy for small or medium size businesses to fit the vending machine in almost any space. Their vending machines have more versatility because you are not limited on selection amount or brands or product sizez. The machines are electronic so they accept bills in addition to coins. There is an optional SmartCard technology option so you can customize your settings at home and send it to the machine directly. 1-800 VENDING offers a 7-year limited warranty.
1-800 VENDING Cons
Although 1-800 VENDING has many pros, they also have many complaints about poor customer service and issues with repairs. This is an important factor to consider when you are deciding which vending machine to purchase. You need to be able to count on your franchisor partner to help you succeed and be there for you when you have problems with service, unless of course you are a great repairman yourself. 1-800 VENDING advertises that locations can be secured for you; however, that comes at an additional cost to hire a professional locator.
Who Is A Good Candidate For This Type Of Business?
1-800 Vending might be the perfect choice for new vending machine business owners entering the vending industry as it promotes business growth and they know what it takes for businesses to be successful. A good candidate would be someone with some connections too small to medium sized businesses looking for a vending machine option. It is also a good option for small business owners to buy for their company or building so they can make all of the vending profits.
About 1-800 VENDING
Jeffery Marsh and Michael Burnett are the founders of 1-800 VENDING. They strived to build a better vending machine company that could serve as a refreshment station and that is what they did. They spend a year extensively researching the industry before they introduced the most innovative, striking and versatile vending machine in the industry. 1-800 VENDING has a perfect A+ Better Business Bureau rating while other vending machine companies have ratings much lower. They have a state-of-the-art manufacturing facility that is available for anyone to tour. The 1-800 VENDING machine business opportunity has been advertised on many reliable outlets such as Fox News, USA Today, The Wall Street Journal, The New York Times and many more. In addition, 1-800 VENDING is a member of the National Automatic Merchandising Association, D&B and the US Chamber of Commerce.