According to Franchise Direct, the vending machine business generates $22 billion annually. There’s little cost associated with the installation of vending machines and most only require adequate space and electrical outlet access. With that in mind, here’s how a vending machine can help you draw in a steady stream of customers and generate more revenue for your business.
High quality vending machines, like Everest Ice and Water Systems, are low maintenance and require little overhead cost. Everest Ice and Water Systems supports business owners by providing the best equipment in the industry. In fact, the Everest VX models are the industry’s most operationally effective machine. Because their priority is helping your business grow and become as successful as possible, it’s clear that choosing a high quality vending machine company is non-negotiable.
As a manager, there’s minimal work involved with maintaining your vending machine. Vending technology systems are able to alert distributors when items are low or the machine requires service. This eliminates the requirement for an onsite representative tasked with vending machine upkeep.
Employees are the driving force of any company and keeping them well-fueled is necessary. An average workday can range anywhere from 7 to 10 hours, so granting your employees easy access to affordable and reliable food and beverages is a great way to boost satisfaction and productivity.
A vending machine is a cheap and convenient way for employees to grab a drink or snack, allowing them to return to work feeling more productive. Additionally, you can further increase the satisfaction of your employees by sending out a company-wide survey to determine what kind of product selections to put in your vending machine.
Vending machines give you the ability to choose what kind of foods and drinks to place in them. While the majority of vending machines offer popular favorites like candy bars and sodas, you can stock your machine with healthier granola bars and energy drinks. You even have the option to test out different kinds of products to see which lead to the most revenue.
Capitalize on trends
The more vending machines you have, the more profit you’ll generate. Depending on the type of vending machine, you’ll be able to sell multiple different items dependent on your business along with what you believe will generate profit. The options range from snacks and cold drinks, refrigerated food, and frozen food, to office supplies.
A wide range of vending machines that are able to accommodate a variety of products, as well as different packaging shapes and sizes, will ensure you’re capitalizing on quick trends that hit the market. If you’re hesitant because you believe that your team won’t have cash on hand, don’t worry — most machines accept combinations of cash, coins, and cards.
Save time and money
Leaving the office to buy snacks and beverages for your company is a hassle. Plus, employees tend to spend more when they travel off-site to buy a meal for lunch. According to a 2015 survey, Americans spend an average of $20 per week eating out for lunch, which adds up to $1,045 every year.
A vending machine solves both of these problems, and your employees will no longer return late from going off-site to get a quick bite from a restaurant. A vending machine will lead to less wasted time, meaning more savings for you. In addition, you can expect an increase in employee morale because they won’t be overspending on meals.
Adding a vending machine to your place of business is a great way to generate additional profit, increase employee satisfaction, and boost productivity in the workplace. All in all, it’s clear that every business should invest in a vending machine.