Vending business is not only profitable, but it also enables you to provide snacks and fruits to your customers without the hustle of setting up and maintaining a kitchen. However, like other business equipment out there, vending machines do not come cheap. However, there are still ways that you go about the cost of a new vending machine and one of the best options is to leasing. It has an option of paying and acquiring the machine at the end of the contract. Besides, delivery and removal charges plus maintenance costs will be covered by the supplier.
As much as it sounds like a good deal, don’t jump in blindly. The following five questions is a must-ask before you lease a vending machine, particularly if you want to get the best deal.
Is the lending company legit?
Just like any other business, there are corns in vending. They always have sweet offers of big money and set-it and forget-it profits. Be on the lookout for such lenders before committing to any deal. Browse the internet for reviews of several companies and settle for one with several positive feedbacks.
How Long Has the Company Operated?
The longer a company has been in the market, the more experienced it is. Such companies have gained enough knowledge and experience in the industry. This gives them an upper hand over their new counterparts. Their services will be a notch higher.
Do They Have Vending Management Software?
Managing day-to-day or weekly processes in any business can be hectic when done manually. One is most likely to mess. However, there are softwares like seed, stream wave or cantaloupe programs that make things run efficiently. Not only do they manage daily activities, but they also track inventory.
How much will It Cost?
Lease a vending machine usually attract monthly charges. They can be as low as $ 50 or as high as $ 150. It all depends on the type of vending machine you want and the company you are getting it from. Various companies charge different prices.
What Happens In the case of Vandalism or Robbery?
Any business can be vandalized or robbed and vending machines are no exception. They too can be vandalized to give extra juice or snacks or be robbed all altogether. There must be a clear agreement between you and the leasing company on how you will go about this in case it happens.
If you can’t afford a new vending machine, leasing will enable you to have a vending business. Ask yourself the above questions and get them well answered. There is no doubt that you will end up with a vending machine that you desire.