Vending Machine Business Investment: Fixed & Monthly
Hello everyone,
Covid 19 outbreak has forced us to adapt as a society to various changes like social distancing, contactless payment and many other things. The contactless service needs due to pandemic has boosted smart vending machine sector very much which has created massive demand and scope of smart Vending machine
In recent times due to less reliability and freedom from their jobs, people want to start their own businesses and this, in turn, has led to a rise in the number of entrepreneurs and business owners, all around the world but especially in India.
Talking about vending machine business from time to time it has proved to be a profitable business to owners. Low cost and less risk nature make it one of the best businesses one can do.
What is the investment required?
Unlike other food business which requires high investment and have high-risk nature, the vending machine business does not require much investment.
A vending machine has an initial cost of around INR 1.5-2 lakhs only.
2 types of investments are present: One-time and Monthly Recurring Payments
Let us discuss both of these costs in more detail.
One Time Investment:
It includes 2 things: Vending Machine Cost & Franchise Fee.
A smart vending machine would cost around INR 1.0 – 1.5 lakh. You are the owner of the machine and it includes all facilities like a digital screen, software, dashboard, and apps as well. You also have to pay a franchise fee which is around 15k-25k per vending machine
Monthly Costs:
Refilling Partner Fee around INR 10-12k per month and the amazing thing is you can have one partner who can manage 6-12 vending machines. Depending on the number of vending machines you can hire part-time or full time refilling partners free of cost. partners
Warehouse cost: If you have less than 10 vending machines you can use your own space for Vending machine or you can use your storage area of yours. If you add more machines, you can rent a space to use it as a warehouse which would cost you around 5000 to 6,000 per month.
SaaS Fee or Software Charges: Daalchini provides state-of-the-art technology along with its vending machines to manage and operate vending machines smoothly. Machine software costs around Rs.1000 per month.
Payment Gateway Charges: This is the cost of the various payment gateways which you will use to provide multiple payment options to your consumers like BharatPe, RazorPay, Debit/Credit cards, net banking, etc.
This cost is 1% of sales per vending machine per month.
Thank you!