What Determines The Value Of A Vending Machine?

Due to increase in demand and usage of vending machines, several models of them are made available in the market. All an operator needs to do is to browse the net, select the machine with required features, compare its prices and buy the best one possible. We often talk about purchasing a vending machine at reasonable prices. How do we judge is the price set for a vending machine is reasonable on not.

What buyer offers us is the market value but what operators need to look for is its true value. Yes the true value of a vending machine is determined by several factors. Some of them are discussed below:

• Storage value: Machines that are used for the purpose of storing products are only a liability for the operator as they do not generate any revenue by dispensing products in them.

• Collector’s value: Sometimes very old machines or ones that have logos of a very popular brand or machines that are now out of production are preferred by collectors. The ideal ways of finding out their value is by contacting their product distributor or get them checked by brand collecting experts or refer to online websites in order to derive their present value.

• Scrap value and parts value: Old vending machines or those that are out of production have a value for their parts and scrap. If these machines are similar to the ones that are currently in use now, their spare parts can also be made use of by operators. One important thing which almost all operators need to remember is that vending machines have not changed much in the last 25 years and only vary slightly form one manufacturer to another. Hence their parts can be use for the existing ones.

Hence whenever an operator plans to purchase a new vending machine, he has to consider both operational and market value of the new machine while paying for it. Be watchful when it comes to machine value as they get depreciated with passing years. So, operators need to be calculative while paying for a new machine.

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Various Kinds Of Vending Machines

Vending industry is growing by leaps and bounces since its introduction. Besides these machines, the products offered by them have also undergone a lot of change since they were first introduced.

Based on their mode of operation, Vending machines can be broadly classified in to two kinds- electricity based and mechanical motion based. Both these varieties come in various sizes, shapes, colors and prices. The most commonly used vending machines that we often come across are soda and snack vending machines from Planet Antares. These machines are generally located in shopping malls, offices, schools, colleges, bus stations, airports and hospitals. The oldest and most popular vending machines include gumball and candy machines which are automatically run. Medicines, tattoo and laundry vending machines are also used.

Of late several other models have been developed keeping in mind changing needs of customers. For instance if you look at children, you should be ideally vending food, toy, video games, sticker and candy vending machine. Coffee vending machine is another popular version that is power by electricity. With growing health consciousness among people, health drinks vending machines are also being introduced. Combination machines are also present that allow you to vend two products at a time.

Another latest entrant in vending industry is customised vending. With increasing dependency on vending machines, several new and innovative machines are being developed which can cater to the day to day needs of customers. These machines are used to vend products like DVD’s, CD’s, tickets, computer equipment, cameras, stamps and stationery. The most ideal place for locating such machines are super markets, shopping malls and retail stores with huge customer foot fall.

In case you are a new entrant to vending industry, try your hand at one of these machines. As an upcoming entrepreneur, you have a wide choice to select from and begin your vending business with.