Best Locations for Vending Machines
Best Locations for Vending Machines
You probably could technically place a vending machine anywhere, but it’s not quite so simple.
First of all, you need to know what type of vending machines do you want to operate and what things you want to sell. Second, not every location is suitable for vending machines. This requires you to conduct market research, conduct a comprehensive survey according to the location you want to put, the type of machine, and the products you sell, so as to better operate the vending machine. Before buying your vending machine, you will want to have a plan for the location in order to make the best profit. We recommend considering the factors that determine the best locations and best vending machine locations for placing your vending machine.
Factors that Determine the Best Locations
Foot traffic
Of course, you'll want your vending machines to be located in areas that are frequented by people. Vending machines are most profitable when they are located in high-traffic areas. Think of an area where pedestrians pass by every day. The idea is to make your vending machine appeal to habitual buyers (who often walk past the machine) or impulse buyers (who decide to buy once they see the machine). Either way, by placing the vending machine in a location where many people will see it, you will increase your chances of making money from the vending machine.
Outdoors vs. Indoors
It's a good idea to consider whether to place the vending machine outdoors or indoors. On the one hand, being outdoors might be a good idea if you serve drinks, as people may want to stay hydrated while outdoors. On the other hand, if you place your machine in a remote outdoor location that people don't visit often, you run the risk of losing your investment. If you decide to choose an indoor venue, make sure it's a place people frequent. Also, it's best to make sure there are no cheaper or more convenient food/drinks nearby. For example, if you put a vending machine in an office building that serves food to your employees, you probably won't generate significant profits!
Competition
Think about your competition in other food and beverage vendors. For example, are there other snacks and beverage vendors nearby? If so, you will want to provide competitive advantages for these vendors. You can pricing your vending machine products lower than other available snacks and drinks in the area. If there are other vending machines nearby, you consider their product selection, condition, payment options, and prices. For example, if you place a vending machine that is newer, provides exciting options, and allows cashless payments, you may win over more customers compared to other nearby machines.
8 Best Locations for Vending Machines
Office Buildings
Professionals will be in and out of large office buildings Monday through Friday. While business people will have other food options, they may be craving a quick snack or a drink at work, or they may not have time for lunch. If you're considering installing vending machines in an office building, consider whether there's other food in the building and what the price is. If you're the only vending machine in the building, or if you don't have many food/drink options nearby, you have a chance to make a fortune!
Schools and Universities
The students are busy and their appetites are good. Schools, community colleges and universities are busy with activities every day. A vending machine in a proper location at a school can be a great source of income, as hundreds of people pass by in a hurry every day, who may be hungry and want a quick snack while working between classes or rushing to class. Schools are the perfect place for vending machines to sell healthy products, as parents and administrators want to make sure students have better options during the day than chips, cupcakes and sodas.
Apartment Buildings
Apartment complexes (especially larger ones) are places with lots of residents and often don't serve food! Adding a 24-hour vending machine on-site could be the key. Residents use your vending machines when they're in and out of the building, when restaurants are closed, or when they don't want to go out for snacks or drinks. Consider placing machines in common areas, near building entrances and exits, or near gyms, swimming pools, or laundry rooms.
Hospitals or Healthcare Facilities
Hospitals never close. They are open 24 hours a day, 365 days a year. They also offer three distinct buyers. For patients, vending machines can provide great treatment and break with traditional food. Caretakers and staff love the convenience and choice that vending machines provide, and they don't have time to leave the device to go to a restaurant. Finally, guests visiting and caring for their loved ones often go to vending machines to buy fast food so they can spend more time with their loved ones. Being open 24/7 with multiple shifts, and multiple buyers is the ideal combination for vending machine profits.
Gyms and Fitness Centers
People often forget to bring a water bottle on the way to the gym! Others may feel hungry after a workout. Adding a vending machine to the lobby of a fitness center is very strategic, especially if you're adding fitness products. Gyms and fitness centers are ideal locations for vending machines, offering healthy snacks and beverages that can help people refuel after a sweat. Consider stocking your machine with water, sports drinks, healthy snacks, and protein bars.
Hotels or Lodging Areas
Another great place to set up 24 hour vending machines is in hotels. There are often large numbers of tourists coming and going, and the food in the hotel often feels overpriced. Also, when nearby restaurants are closed, people staying at your accommodation may take advantage of your snacks and drinks. Vending machines can supply them with food and drinks 24 hours a day.
Laundromats
When people live where there is no on-site laundromat, they often have to use their local laundromats. Laundromats are places where people wait while their clothes get washed/dried, which can get boring! Plus, most people who use laundromats are there for over an hour a week. This could be a great location for your vending machine as it can attract habitual or impulse buyers.
Industrial Parks
Industrial parks and manufacturing facilities are both good places to place vending machines. These businesses typically employ hundreds of people and operate multiple shifts. Many establishments offer short breaks, and employees often don't have time to go out to restaurants. Putting the vending machine in the lounge gives them a choice and also provides a stable source of income for the vending machine business.
If you have some questions or thoughts about vending machine locations, welcome to have a discuss with us!
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