The price of a vending machine can depend on many factors, it can cost between $2,000 to $10,000 which are depending on a multiple factors, they include if the machine is brand new or second hand, the size and model of the machine.
Getting the right machine for your prospective site is crucial to ensure your maximising your time and effort for example busier sites would need a bigger machine that can hold more stock meaning you wouldn’t need to visit the site as frequently. If you were to opt for a smaller vending machine it would require you outlaying more time refilling the stock more frequently. Vending machines are a very profitable business venture when given the right support, guidance incorporated with good high traffic sites and high quality machines and products.
As stated above factors such as the size of the vending machine can affect the pricing of the vending machine it can also depend on whether the vending machine is snack only or a combo machine.
One of the goals we at Royal Vending believe to be crucial for every business owner is to improve customer satisfaction and engagement. This means when investing, the needs and wants of your customers are important to understand. Things to look at and consider whether the clientele targeted prefer snack only, combo or maybe looking to seek healthy options. Understanding your clientele leads to improved revenue and productivity for every workplace. That’s why having a vending machine on premises is a cost effective option to your business as it provides quick and easy access to drinks and snacks to your employees saving time and increasing productivity. Click here to check out our different types of vending machines we have on offer.
Here at Royal Vending there are many vending machine pricing options to meet different businesses needs and budgets. The price of a small, snack-only vending machine will be considerably cheaper in price than a medium-sized drinks vending machine which will fall somewhere in the mid-range pricing category. A brand new, large, combo vending machine, which is a vending machine that sells both drinks and snacks will be on the higher end of the pricing scale. We at Royal Vending supply high quality highly durable machines that are built to last.
Vending machines can be expensive due to its manufacturing and its electronic components. Such as steel frame and refrigeration units necessary to make the vending machine Functional and long lasting. The cost of a brand new vending machine in Australia can be anywhere between $5,000-$12,000. Vending machines range in the greatly in price due to the factors listed above. An empty vending machine may vary between $7,000- $12,000 as opposed to a vending machine completely filled with snacks, drinks and other products. Another option can be, a second hand refurbished or parts only vending machine which may cost as little as upwards from $1000.
The cost to fill a vending machine, If using a vending machine company to service your machine there is no additional costs in having your vending machine restocked with snacks and drinks. Alternatively if you decide to independently restock your vending machine, it will cost approximately $200.
To buy a brand new vending machine outright it will take around 12-16 months to completely pay off. In saying this it will depend on the traffic flow, machine sales quality of service and location of the vending machine.
To manufacture a new vending machine costs anywhere between $4,000-$10,000. A vending machine essentially consists of a large number of parts. In recent times manufacturing components of a vending machine have become more digitally inclined. Which with new technology comes increased cost. These technologies include the following. Touch screens , multi-vends and credit card payment options. These have become more common in new vending machines to increase convenience and customer satisfaction. Further innovation and technological advances are expected to continue as the technology market continues to develop.
At Royal vending our mission to educate the buyer on many crucial areas of business one being, reducing the maintenance costs of a vending machine. We advise that machine cleaning is an important factor to keep in mind. A brand new, good quality vending machine should have minimal maintenance costs.
Keeping the filters clean is the most important maintenance regime to ensure the longevity of your new or used vending machine. Cleaning your vending machine filters at least every 2 months is one crucial way to ensure the refrigeration component of your machine is working efficiently. Should there be a mechanical issue with operation of your vending machine, a call out fee will be charged which can be estimated between $80-$110 to fix the vending machine. Extra costs are inclusive of any parts that may need to be replaced.
If your required to move a vending machine from one premises to another, the cost of transporting the vending machine will depend on the distance it is being transported and the steps and complexity involved to place the vending machine in its new location. Generally, costs will vary depending on the labour of the move. This can be anywhere between $70-$500.
Another possible expense to consider should the glass of your vending machine be damaged and needs repairing or replacing. The average cost is usually quoted between $550-$690 AUD. Another possible costing which is purely aesthetic is to wrap all sides of the vending machine making it more appealing and inviting to eye of your clientele this can cost roughly between $470-$600. Machine breakdowns and wear and tear are also something to consider, although this isn’t a ongoing expense a part such as the compressor for a vending machine costs between $1200-$1500 AUD. A small cost to change or replace a complete vending machine lock can cost around $150-180 AUD. This price includes the T-bar, lock barrel and keys. Finally, the cost to run a vending machine is very similar to running a fridge. The cost is around $100-$200 per year.
The average cost of commission for a vending machine is about 5-10% Which some companies ask for to either keep for themselves or to donate onwards to charities they Support. Some companies will ask for this to cover the expense of having the machine onsite.
The cost of the stock used in the vending machines vary, normally a packet of chips can be purchased at a wholesale price from around one dollar Upwards depending on the brand you choose to stock in the machines and the amounts purchased. Cans of soft drinks are similar in price and can range from around eighty cents to a dollar in price, chocolate bars which can be stocked in the vending machine also normally also around a dollar to a dollar twenty in price. Once again this is just an estimation to give you an idea of basic costings.
Purchasing a used vending machine from a reputable company such as us at Royal Vending machines is endorsed as we can offer you parts and service and reputable service and advice. It isn’t recommended buying cheap vending machines from Ebay and or Gumtree as there is no guarantee your getting what you paid for.
If renting a vending machine looks like the more viable option for you and your business, the cost to rent a site to place a vending machine is usually free unless the space is a public area, there may be possible additional costs.