The vending machine business offers entrepreneurs the option to choose between new and used machines. While there are obvious advantages of new machines (including appearance and access to the latest features), there are situations when used models offer a reasonable compromise. Here are times when used vending machines for sale make sense.
Cash Flow Shortages
Whether you are just beginning your vending business or have several machines in operation, every entrepreneur will face cash shortages in the course of a career. Used vending machines give you the opportunity to earn more from sales without having to invest in a brand-new machine. Before committing to a used model, do the research to make sure it is right for the location.
If you are forced to bring in a partner to pay for a new vending machine, you are relinquishing some of your independence as a business owner. Some entrepreneurs dislike this arrangement because it limits your earning potential in the long run. Choosing used vending machines allows you to maintain complete control of the business.
Learning the Trade
Another reason used vending machines are attractive is how it allows you to learn the business with a smaller investment. Depending on the condition and model, an entrepreneur may be able to pay 25-40% less for a used machine than you would buying new. Though a new machine may appeal to more consumers, the opportunity to learn the business offers added value especially for new buyers.
When you have several businesses going at once, you’ll want to keep the risk minimal in the vending industry. Used vending machines allow you to enter the arena with less risk than you would with a new machine. If you want to resell your machine later, you can offer it at a price that allows you to recoup some of the investment.