Any advice for Noob?

Introduce yourself to the vending and coin operated community
Central2vend
Coin Op Group Regular
Coin Op Group Regular
Posts: 157
Joined: Sun Feb 22, 2015 7:42 pm
Area Covered: Kent
Machines Used: Vending towers
Referred by?: On google

Re: Any advice for Noob?

Post by Central2vend »

I take my hat off to you if youve sited 58 machines in 10 weeks. That is quite an achievement.
Your business plan of £5 per week per machine is on the high side, so please be cautious.
You are still in the honeymoon period so a lot can change.
Also be cautious how quick you expand.
I would suggest you slow things slightly and catch your breath.
Good luck with your new business.
JavaGreen
Coin Op Group Regular
Coin Op Group Regular
Posts: 150
Joined: Mon Sep 17, 2018 8:53 am
Area Covered: Scotland
Machines Used: Sweet Tower Pringles Tomy Gatcha
Referred by?: Online

Re: Any advice for Noob?

Post by JavaGreen »

Hi,
You should read my ‘start up costs’, in the General heading area - 95% of it still rings true today.
Cheers,
Pablo
candymanessex
Newbie
Posts: 2
Joined: Sun Dec 16, 2018 6:54 pm
Area Covered: Essex
Machines Used: tubz vending
Referred by?: Google

Re: Any advice for Noob?

Post by candymanessex »

Hi.

appreciate the wise words and will exercise caution as suggested. There are certainly some vastly experienced operators here, so makes perfect sense to absorb all this great information, the help and the tips.

cheers,
Chris
PGBrew
Coin Op Group Master
Coin Op Group Master
Posts: 737
Joined: Mon Aug 10, 2009 7:47 am
Area Covered: London & Home Countie
Machines Used: Bulk, Tower, Pringles & various toys
Referred by?: Sarah Hickman
Location: London & Home Counties North of Thames

Re: Any advice for Noob?

Post by PGBrew »

Hi Pablo,

You hit the nail on the head there mate, in business 'keep your options open and free to trade with anyone'. I could'nt agree more 40 years in business tells me so. I don't believe in smothering suppliers with praise (unless paid to do so) or slagging them off or even complains about performace levels (in public). But on this occasion I'll make an execption, well done Pablo!

Pete
PGBrew
Coin Op Group Master
Coin Op Group Master
Posts: 737
Joined: Mon Aug 10, 2009 7:47 am
Area Covered: London & Home Countie
Machines Used: Bulk, Tower, Pringles & various toys
Referred by?: Sarah Hickman
Location: London & Home Counties North of Thames

Re: Any advice for Noob?

Post by PGBrew »

Hi Brian,

Franchise/independant: Go for both, start franchise grow independant.
Machines: Again go for both, put new machines in your better sites.
Biggest challenge: It's all about numbers of quality site.
Start with 10, build upto 25 and to 50. Thats your trial. GET YOUR OWN ACTUAL SALES FIGURES FROM THESE MACHINES. Use your own figures to replace my estimates below.
£30k GP: To achieve 30K GP you would need sell 42857 tubs giving £42,857.00 Less (42857 x 30p) £12857 = £30,000.00. To achieve this you would need about 90 machines doing 40 sales per month. Make your own adjustments depending on your actual sales above.

£30,000 GP less overheads of £8,600 commission, £2,200 (van, maintenance,telephone, accountant etc) will give a net profit £19,200.

Pete