To get started with the vending machine business model, you can choose to buy or rent a machine. Buying a vending machine will get you a lifetime ownership of it, but it takes a lot of capital and persistence with that business model. Instead, you can choose to rent a machine for a certain period of time, helping to reduce costs and business risks.
1. When to rent a vending machine?
If you want to start with a vending machine business model but have a small capital of about 10 million, you can choose the vending machine rental form.
If you are looking to see the potential of doing vending machine business, you can rent a machine for a period of time to test it out before deciding to embark on a great investment.
In addition, the vending machine rental solution is also suitable for supermarkets, convenience stores, offices, hospitals, schools, or small businesses that want to expand sales locations.
Renting vending machines help to reduce business costs
Reduce initial investment costs
To buy a vending machine, you must have from 100 million, then you will own and do business with the machine for life. However, to save the initial cost, you can choose to rent a machine with a cost of only 4-6 million / month.
Easily expand distribution channels
Many businesses or retailers will not only put one machine in one location but will place multiple machines in many different locations. Buying a vending machine will be very expensive, therefore, choosing the vending machine leasing form will make it easy to expand the distribution channel at a low cost.
Faster capital recovery
If you buy a new vending machine, it will take a long time to recover your capital, along with the cost of product depreciation. But with the vending machine rental, you only need to spend a small amount of money to lease the machine every month and can make a profit within the month. With that money, you can use it for renting space, buying product supply or refurbishing vending machines.
Reduce business risk
If you are a beginner with the vending machine business model, spending a large amount of money on a long-term investment will make you nervous and not confident to get started. Along with that, not everyone persists in business to the end, not everyone has the advantage and success with this model. Therefore, making large investments without careful preparation will bring high risks.
However, with vending machine rental, you do not have to make a great investment from the start. In the course of doing business, if you have difficulties or want to stop doing business, you just need to notify the rental unit a period of time in advance according to the specified contract.
To start a business model, you not only devise a development strategy but also anticipate risks to have a suitable plan. It would be wasteful and dangerous to rush to invest in a new vending machine right away.
2. Benefits of renting vending machine
Select the suitable machine model: With the vending machine rental form, you will easily select the machine model that suits the product category that you are targeting. It can be snacks, soft drinks, instant, frozen foods or personal items vending machines.
Pay attention to the machine’s features: Choose a vending machine that is integrated with the necessary features. A modern machine will allow payment in many forms, phone top-up through the machine, or integrated data management software to help you manage the cash flow and goods more easily.
Choosing a reputable vending machine rental unit: Renting a vending machine at a reputable unit not only helps you to rent a quality machine model but also close the rental cost at a reasonable price with many additional benefits and will always support you anytime, anywhere to create conditions for your business to thrive.
3. Things to get in mind when choosing to rent vending machine
You can rent vending machines at Dropfoods with many policies and special offers. Contact Dropfoods immediately for more detailed advice on services and products as well as related information:
Dropfoods head office: Unit 401 PVFCCo Tower, 43 Mac Dinh Chi Street, Da Kao Ward, District 1, HCMC. (Monday - Friday: 8:30 am - 5:30 pm)
Phone: (84) 28 6290 6066
Email: contact@dropfoods.com
Facebook: https://www.facebook.com/dropfoods
In consequence, the vending machine rental form is also an optimal solution whether you are a beginner or big business. Renting a vending machine will help you save costs, easily expand distribution channels, reduce risks and recover capital quickly.
