Re: vending machine business

RE: [spiers] vending machine business

Hi, I have looked into the vending business in the past and found it very
shady. Please be carefully with your money. If you look in the newspaper you
will see vending businesses for sale all the time.I always wondered why? The
few vending owners I spoke to regretted getting into it.

Please don't take my word for it I merely suggest you speak with actual
owners and proceed carefully.

Please come back to this forum and let us know what you found out.

Sincerely
Nelson Velazquez
Licensed Life & Health Producer
Office Message Center 702-392-8833 Cell 702-219-4440
Insurance and Non Insurance products Solutions Available
Affordable Healthcare - Start Saving today! I did!
http://www.careentree.com/152559



-----Original Message-----
From: wileyccc@aol.com [mailto:wileyccc@aol.com]
Sent: Tuesday, December 02, 2003 9:14 PM
To: spiers@yahoogroups.com
Subject: Re: [spiers] vending machine business



In a message dated 12/2/03 5:57:43 PM, BXC1945@lausd.K12.CA.US writes:

HI JOHN; PLEASE ADVISE ME.........I AM IN THE PROCESS OF BUYING THREE
SNACK

BARS AND DRINKS VENDING MACHINE TO START MY OWN BUS, BUT I AM AFRAID
ABOUT

IT.

***Yikes... Betty! I know nothing about Vending Machine Business...
you'll
have to talk to an expert about that... check with your local SBA (Small
Business Administration)... what is funny is you are NOT the first person
to
contact me with this problem. I am starting to worry... have I said
somewhere I
think the vending machine biz is good?***


I DON'T KNOW IF THE $20,000 MONEY INVESTED WILL COME BACK. SO FAR I HAVE

$2,000 DEPOSIT WITH THIS COMPANY AND I AM SUPPOSE TO PAY THE REST NEXT
WEEK.


*** Well, $20,000 at say 8% interest for 5 years means you'll have to
generate payments of $405 per month just to pay for the machines, let
alone candy,
maintenance, insurance, labor to restock, utilities, etc. Normally you
have to
pay rent wherever you set up the machine to whoever owns the place where
the
machine goes. I don't think the people in this business have missed any
good
locations to put machines, so you have to figure you will get only very
low-productive areas.

My advice is check with experts in the VEnding machine biz...***

John

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