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Reverse Vending Machine Market Size, Share, Competitive Landscape and Trend Analysis Report by Product Type, Capacity and End User : Opportunity Analysis and Industry Forecast, 2021-2030

CM : Engineering, Equipment and Machinery

Report Code: A12784

Tables: 110

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The global reverse vending machine market size was valued at $372.0 million in 2020, and is expected to reach $736.9 million by 2030, with a CAGR of 6.6% from 2021 to 2030. 

Reverse vending machine also called as automated recycling machine. Reverse vending machine can be used by consumers to return their empty food containers and drink containers and receive rewards such as cash or refund. Reverse vending machine offers an alternative way to recycle bottled containers in convenient and efficient manner. It is used in various places such as shopping complexes, airports, municipal, and metro stations. Increase in disposable income of individuals, which in turn, rise in spending on food and beverages, which is expected to rise in demand for more reverse vending machine for waste collection effectively, which fuels the growth of the global reverse vending machine. For instance, the disposable income of South African population grew by 5.7% from 4th quarter (September-December) 2018 to 4th quarter (September-December) 2020. 

The management of waste has emerged as a severe problem due to environmental policy, owing to massive quantities of waste generated every day due to growth in population. An increase in the urban population is expected to drive the global reverse vending machine market growth. For instance, by 2025, the urban population is expected to reach 4.3 billion, generating around 1.42 kg/capita/day of municipal solid waste, which is expected to rise in demand for reverse vending machines and fuels the growth of the global market. 

A government initiative to launch reverse vending machine for airport, metro stations, and railway stations for effective waste management practices, which fuels the growth of the global reverse vending machine market. For instance, Glassglow Airport launched reverse vending machine for effective waste management. This machine can accepts 650 cans, and 320 plastic bottles, which offered by waste management partner company Biffa Plc. 

Major player such as Tomra Sorting GmbH, VendingBox, and others are engaged in offering reverse vending machine for non-refillable containers. For instance, Tomra Sorting GmbH offers T-63 TriSort reverse vending machine that can handle up to three material fractions. It is best suitable for accepting all volumes of non-refillable containers. It has features such as robust, high-end look, and energy efficient. 

Refillable segment is projected to grow at a highest CAGR of 6.9%.

Growth in the foods & beverages industry across the globe, which is expected to rise increase the in amount of waste generated from population, is expected to propel demand for reverse vending machines for to collect and disposable of waste, fuels the growth of the global reverse vending machine market. For instance, the food & beverages industry globally is expected to grow at a rate of 48.1% from 2020 to 2022. However, fluctuation in raw material prices, and high cost of reverse vending machines, are anticipated to restraints for the growth of the global reverse vending machine. Contrary, technological advancements in reverse vending machines such as AI powered machine, touch screen panel, and others, are anticipated to provide lucrative opportunities for the growth of the global reverse vending machine market. 

The global reverse vending machine market is segmented on the basis of product type, capacity, end user, and region. On the basis of product type, the market is divided into non-refillable, refillable, and multifunctional. Non-refillable segment generated the highest revenue in 2020. Based on capacity, the market is divided into less than 200 cans, 200-300 cans, 300-600 cans, and more than 600 cans. More Than 600 cans segment dominated the market in 2020. On the basis of end user, the market is categorized into supermarkets, communities, and utilities. Supermarkets segment generated the highest revenue in 2020. 

More Than 600 Cans segment holds dominant position in 2020

Region wise, the global reverse vending machine market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (Spain, France, Germany, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). In 2020, Asia-Pacific was the highest contributor to the global reverse vending machine market share, and is anticipated to secure a leading position during the forecast period.

Competition Analysis: 

Key players profiled in this report include Sielaff GmbH & CO KG, Ake Environmental Technologies, Envipco Holding N.V., Endlos Innovations Private Limited, Tomra Sorting GmbH, Diebold Nixdorf, RVM Systems, Aco Recycling, Kansmacker Mfg, and Teraoka Seiko Co Ltd.

Asia-Pacific holds a dominant position in 2020 and LAMEA is expected to grow at a significant rate during the forecast period.

Key Benefits For Stakeholders

• The report provides an extensive analysis of the current and emerging global reverse vending machine market trends and dynamics.  
• In-depth market analysis is conducted by global reverse vending machine market estimations for the key market segments between 2020 and 2030. 
• Extensive analysis of the global reverse vending machine market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
• A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
• The global reverse vending machine market forecast analysis from 2021 to 2030 is included in the report.
• The key market players within market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the global reverse vending machine industry.

  Reverse Vending Machine Market Report Highlights

Analyst Review

The global reverse vending machine market has witnessed huge demand in Asia-Pacific region followed by LAMEA & Europe. The highest share of the Asia-Pacific market is attributed to the increase in demand for reverse vending machine for effectively collect and recycle the waste collected from municipal and residential sectors.

The reverse vending machine market has witnessed significant growth over past few years, owing to rise in urban population. Moreover, the rise in amount of waste generated from sectors such as food & beverages, medical and healthcare sectors, drive the growth of the global reverse vending machine market. In addition, rising awareness about recycling machine and services among population globally, which fuels the growth of the reverse vending machine market.  An increase in demand for reverse vending machines from commercial and municipal sectors such as supermarkets, airport stations, and metro stations globally is expected to provide the supplements for the growth of the global reverse vending machine market. Furthermore, a rise in environment related concerns fuels the growth of the reverse vending machine market.

However, fluctuation in raw material prices, and high cost of reverse vending machine, are anticipated to restraints for the growth of the global reverse vending machine market. Contrary, technological advancement in reverse vending machines such as AI powered machine, touch screen panel, and others, are anticipated to provide lucrative opportunities for the growth of the global reverse vending machine market.

• Recycling Machine

The Global reverse vending machine market size was valued at $372.0 million in 2020

Based on product type, non-refillable segment holds the maximum market share of the Global reverse vending machine market in 2020.

The Global reverse vending machine market is projected to reach $736.9 million by 2030.

A rise in amount of waste generated across globally, which is the key trends in the reverse vending machine market.

The product launch is key growth strategy of Global reverse vending machine industry players.

The company profile has been selected on factors such as geographical presence, market dominance (in terms of revenue and volume sales), various strategies and recent developments.

Fluctuation in raw material prices which effects for Global reverse vending machine market.

The application of reverse vending machine system includes supermarkets, communities, logistics, and retail sectors.

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Reverse Vending Machine Market

Opportunity Analysis and Industry Forecast, 2021-2030

Vending Machine Business Plan Template

Written by Dave Lavinsky

Over the past 20+ years, we have helped over 3,000 entrepreneurs and business owners create business plans to start and grow their vending machine businesses. On this page, we will first give you some background information with regards to the importance of business planning. We will then go through a vending machine business plan template step-by-step so you can create your plan today.

Download our Ultimate Vending Machine Business Plan Template here >

What is a Vending Machine Business Plan?

A business plan provides a snapshot of your vending machine as it stands today, and lays out your growth plan for the next five years. It explains your business goals and your strategy for reaching them. It also includes market research to support your plans.

Why You Need a Business Plan for a Vending Machine Business

Source of Funding for Vending Machines

With regards to funding, the main sources of funding for a vending machine business are personal savings, credit cards, bank loans and angel investors. With regards to bank loans, banks will want to review your business plan and gain confidence that you will be able to repay your loan and interest. To acquire this confidence, the loan officer will not only want to confirm that your financials are reasonable. But they will want to see a professional plan. Such a plan will give them the confidence that you can successfully and professionally operate a business.

The second most common form of funding for a vending machine business is angel investors. Angel investors are wealthy individuals who will write you a check. They will either take equity in return for their funding, or, like a bank, they will give you a loan. Venture capitalists will not fund a vending machine business.

Finish Your Business Plan Today!

Your business plan should include 10 sections as follows:

Executive Summary

Your executive summary provides an introduction to your business plan, but it is normally the last section you write because it provides a summary of each key section of your plan.

The goal of your Executive Summary is to quickly engage the reader. Explain to them the type of vending machine business you are operating and the status; for example, are you a startup, do you have a vending machine business that you would like to grow, or are you operating a chain of vending machine businesses.

Next, provide an overview of each of the subsequent sections of your plan. For example, give a brief overview of the vending machine industry. Discuss the type of vending machine business you are operating. Detail your direct competitors. Give an overview of your target customers. Provide a snapshot of your marketing plan. Identify the key members of your team. And offer an overview of your financial plan.

Company Analysis

For example, you might operate one of the following types:

• Food and snacks : this type of vending machine business typically offers pre-packaged snacks such as chips, cookies, etc., as well as perishable products such as sandwiches, ice cream, and fruit
• Beverages : this type of vending machine can be for hot drinks (coffee, cocoa), or cold (soft drinks, water)
• Candy : this type of vending machine is stocked exclusively with candy and gum
• Other products : this could be healthy food options (granola, fruit, hummus, etc.), or consumer products such as electronics, movies, condoms, souvenirs, etc.

In addition to explaining the type of vending machine you operate, the Company Analysis section of your business plan needs to provide background on the business.

Include answers to question such as:

• When and why did you start the business?
• What milestones have you achieved to date? Milestones could include sales goals you’ve reached, new machine locations, etc.
• Your legal structure. Are you incorporated as an S-Corp? An LLC? A sole proprietorship? Explain your legal structure here.

Industry Analysis

In your industry analysis, you need to provide an overview of the vending machine business.

While this may seem unnecessary, it serves multiple purposes.

First, researching the vending machine industry educates you. It helps you understand the market in which you are operating.

Secondly, market research can improve your strategy particularly if your research identifies market trends. For example, if there was a trend towards selling advertising on vending machines, it would be helpful to ensure your plan calls for varying ad types and sizes.

The third reason for market research is to prove to readers that you are an expert in your industry. By conducting the research and presenting it in your plan, you achieve just that.

The following questions should be answered in the industry analysis section of your vending machine business plan:

• How big is the vending machine business (in dollars)?
• Is the market declining or increasing?
• Who are the key competitors in the market?
• Who are the key suppliers in the market?
• What trends are affecting the industry?
• What is the industry’s growth forecast over the next 5 – 10 years?
• What is the relevant market size? That is, how big is the potential market for your vending machine. You can extrapolate such a figure by assessing the size of the market in the entire country and then applying that figure to your local population.

Customer Analysis

The following are examples of customer segments: hotels, office buildings, correctional facilities, etc.

As you can imagine, the customer segment(s) you choose will have a great impact on the type of vending machine you operate. Clearly correctional facilities would want different pricing and product options, and would respond to different marketing promotions than office buildings.

Try to break out your target customers in terms of their demographic and psychographic profiles. With regards to demographics, include a discussion of the ages, genders, locations and income levels of the customers you seek to serve (both the end customers (who purchase items in your vending machines) and the decision-makers (who approve your desire to place a vending machine in their facility).

Psychographic profiles explain the wants and needs of your target customers. The more you can understand and define these needs, the better you will do in attracting and retaining your customers.

Finish Your Vending Machine Business Plan in 1 Day!

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With Growthink’s Ultimate Vending Machine Business Plan Template you can finish your plan in just 8 hours or less!

Competitive Analysis

Your competitive analysis should identify the indirect and direct competitors your business faces and then focus on the latter.

Direct competitors are other vending machines.

Indirect competitors are other options that customers have to purchase from you that aren’t direct competitors. This includes convenience stores, grocery stores, pharmacies and restaurants that offer quick food. You need to mention such competition to show you understand that not everyone who purchases convenience items uses a vending machine every day.

With regards to direct competition, you want to detail the other vending machine businesses with which you compete. Most likely, your direct competitors will be vending machines located very close to your location.

For each such competitor, provide an overview of their businesses and document their strengths and weaknesses. Unless you once worked at your competitors’ businesses, it will be impossible to know everything about them. But you should be able to find out key things about them such as:

• What types of customers do they serve?
• What products do they offer?
• What is their pricing (premium, low, etc.)?
• What are they good at?
• What are their weaknesses?

With regards to the last two questions, think about your answers from the customers’ perspective.

The final part of your competitive analysis section is to document your areas of competitive advantage. For example:

• Will you provide superior products?
• Will you provide products that your competitors don’t offer?
• Will you make it easier or faster for customers to purchase your products?
• Will you provide better customer service?
• Will you offer better pricing?

Think about ways you will outperform your competition and document them in this section of your plan.

Marketing Plan

Product : in the product section you should reiterate the type of vending machine business that you documented in your Company Analysis. Then, detail the specific products you will be offering. For example, in addition to snack machines, will you offer machines that sell items such as coffee or other consumer products?

Price : Document the prices you will offer and how they compare to your competitors. Essentially in the product and price sub-sections of your marketing plan, you are presenting the items you offer and their prices.

Place : Place refers to the location of your vending machine. Document your location and mention how the location will impact your success. For example, is your vending machine located inside a heavily trafficked office building, or gym, etc. Discuss how your location might provide a steady stream of customers.

Promotions : the final part of your vending machine marketing plan is the promotions section. Here you will document how you will drive customers to your location(s). The following are some promotional methods you might consider:

• Making your vending machine clean and visually appealing to attract passing customers
• Focusing on machine design and technology for a better user experience
• Placing vending machines in strategic locations

Operations Plan

While the earlier sections of your business plan explained your goals, your operations plan describes how you will meet them. Your operations plan should have two distinct sections as follows.

Everyday short-term processes include all of the tasks involved in running your vending machine such as procuring products, delivering and restocking, keeping the machines clean, etc.

Long-term goals are the milestones you hope to achieve. These could include the dates when you expect to place your 10th machine, or when you hope to reach $X in sales. It could also be when you expect to hire your Xth employee or launch a new location.

Management Team

Ideally you and/or your team members have direct experience in the vending machine business. If so, highlight this experience and expertise. But also highlight any experience that you think will help your business succeed.

If your team is lacking, consider assembling an advisory board. An advisory board would include 2 to 8 individuals who would act like mentors to your business. They would help answer questions and provide strategic guidance. If needed, look for advisory board members with experience in vending machines and/or successfully running retail and small businesses.

Financial Plan

Your financial plan should include your 5-year financial statement broken out both monthly or quarterly for the first year and then annually. Your financial statements include your income statement, balance sheet and cash flow statements.

Income Statement : an income statement is more commonly called a Profit and Loss statement or P&L. It shows your revenues and then subtracts your costs to show whether you turned a profit or not.

In developing your income statement, you need to devise assumptions. For example, will you serve 50 customers per day or 100? And will sales grow by 2% or 10% per year? As you can imagine, your choice of assumptions will greatly impact the financial forecasts for your business. As much as possible, conduct research to try to root your assumptions in reality.

Balance Sheets : While balance sheets include much information, to simplify them to the key items you need to know about, balance sheets show your assets and liabilities. For instance, if you spend $100,000 on building out your vending machine business, that will not give you immediate profits. Rather it is an asset that will hopefully help you generate profits for years to come. Likewise, if a bank writes you a check for $100.000, you don’t need to pay it back immediately. Rather, that is a liability you will pay back over time.

Cash Flow Statement : Your cash flow statement will help determine how much money you need to start or grow your business, and make sure you never run out of money. What most entrepreneurs and business owners don’t realize is that you can turn a profit but run out of money and go bankrupt.

In developing your Income Statement and Balance Sheets be sure to include several of the key costs needed in starting or growing a vending machine:

• Cost of equipment like vending machines, refrigerated delivery trucks, etc.
• Cost of maintaining an adequate amount of inventory
• Payroll or salaries paid to staff
• Business insurance
• Taxes and permits
• Legal expenses

Vending Machine Business Plan Summary

Putting together a business plan for your vending machine business is a worthwhile endeavor. If you follow the template above, by the time you are done, you will truly be an expert. You will really understand the vending machine business, your competition and your customers. You will have developed a marketing plan and will really understand what it takes to launch and grow a successful vending machine business.

Download Our Vending Machine Business Plan PDF

You can download our vending machine business plan PDF here . This is a business plan template you can use in PDF format.

Vending Machine Business Plan FAQs

What is the easiest way to complete my vending machine business plan.

Growthink's Ultimate Vending Machine Business Plan Template allows you to quickly and easily complete your Vending Machine Business Plan.

Where Can I Download a Vending Machine Business Plan PDF?

You can download our vending machine business plan PDF template here . This is a business plan template you can use in PDF format.

Don’t you wish there was a faster, easier way to finish your Vending Machine business plan?

OR, Let Us Develop Your Plan For You

Since 1999, Growthink has developed business plans for thousands of companies who have gone on to achieve tremendous success.   Click here to see how a Growthink business plan consultant can create your business plan for you.

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How do I market or promote a reverse vending machine business?

• Vending World
• June 14, 2019
• One Comment

The amount of untreated waste has increased at an alarming rate creating significant demand for various recycling solutions such as reverse vending machines. The reverse vending machine market can be segmented based on product type, machine use, capacity, end-use, and regions. In terms of product type, the market can be divided into metal recycling, plastic bottle recycling, and multifunction recycling. Based on machine use, the reverse vending machine market can be classified into commercial, industrial, and residential.

In terms of capacity, the market can be categorized into less than 200 (cans or bottles), 200 – 300 (cans or bottles), 300 – 600 (cans or bottles), and more than 600 (cans or bottles). Based on end-use, the market can be segmented into distributors, retailers, municipalities, and beverage industries.

The reverse vending machine market can be categorized as a broader industry for waste sorting, gathering, and recycling.  The service amount depends upon the machine’s volume and age, wherein higher volume machines require longer servicing cycles. Technological advancements in reverse vending machines such as video recognition systems, touch panels, and smart card vouchers is expected to enhance the user experience.

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Vending Machine Business Plan: The Ultimate Guide

• 8 months ago

You’ve looked into the steps of starting a vending machine business, but you haven’t developed business plans. We’ll help you create a vending machine business plan.

Adam Hill has owned and operated Hill Vending since 2014, when he bought a $120 vending route. Now he’s making over $600K in annual sales. He’ll share vending machine tips so you know how to estimate vending machine profits and other costs.

We’ll explain everything you need to know to communicate your business plan. These vending machine business links will send you directly to the section of the blog you want to read:

What Is a Vending Machine Business Plan?

Why you need a vending business plan, how to buy vending machines, vending machine business plan template, executive summary, company analysis, vending machine industry analysis, customer analysis, competitive analysis, marketing plan, operations plan, management team, income statement, balance sheets, cash flow statement, how much are vending machines, how to start a vending machine business, how much does a vending machine make, what do i need to start a vending machine business, write your vending machine business plan.

A vending machine business plan provides a snapshot of where your business is, where it’s going, and how you will achieve the business goals over the next three to 10 years.

Vending business plans will include market research on the vending machine industry, local vending machine associations, a marketing plan, an operations plan, and a financial plan to provide a clear path of how you expect your vending machine company to make money and grow.

Your chances of starting a successful vending machine business double by writing and following a vending machine business plan. Plus, companies that follow their business plans grow nearly 30% faster and get more funding than those without a business plan.

Make sure to update your vending machine business plan annually as your company grows and achieves its goals.

The main ways to buy a vending machine business are personal savings, credit cards, private loans from the current business owner, bank loans, and angel investors.

Private Loans

One of the top ways to get into the vending machine industry is to buy an existing vending machine business. Business owners will often agree to owner financing, where you pay 0-20% down and then pay off the remainder over one to five years.

Banks will want to review your vending machine business plan and decide whether they believe you can accomplish the goals you’ve included. More specifically, a loan officer will want to see a professional vending machine business plan to verify that your financial assumptions are reasonable.

Angel Investors

Another way to fund a vending machine business is by taking a loan or equity deal from angel investors. An angel investor is just a wealthy individual who helps people start businesses in exchange for a share of the profits.

Learn more about buying a vending machine .

You’ll want a business plan template for your vending machine business. Download our free vending machine business plan template below.

You’ll also get our How to Start a Vending Machine Business PDF.

Check out our other business plan templates for more resources or watch our interview with a business owner who started one of the fastest growing franchises in North America to learn how he writes a business plan.

What Should I Include in a Vending Machine Startup Business Plan?

A business plan for a vending machine company should include:

• Competitor Analysis
• Vending Machine Marketing Plan
• Vending Machine Operations Plan
• Vending Machine Financial Plan

Keep reading to learn what vending machine operators should include in their business plans. We’ll also provide examples of what key parts of a vending machine business plan might look like.

Vending machine operators should start their business plan with an executive summary. All an executive summary does is summarize what the rest of the document is about.

The executive summary should be under a page long and should include a sentence or two about each section so that people can get the main points quickly.

This section of your vending machine business plan should include:

• An introduction to your company
• Your company’s mission and values
• The vending machine services you’ll offer
• Your competitive advantage

In your industry analysis, you need to provide an overview of the vending machine business. Your research will help you understand the market, improve your strategy to utilize market trends, and prove to readers you know what you’re talking about.

Your vending machine business plan should answer the following questions about the vending industry:

• How much do vending machines make a month? (Both as an industry and per machine)
• How much of the industry revenue is in the local market? Use the industry revenue multiplied by your location divided by the U.S. population.
• Is the market growing or shrinking?
• Who are the market leaders in the industry?
• Who are the primary vending machine manufacturers and suppliers of products?
• What vending machine business trends will impact the industry?
• What is the vending industry’s 5-10 year growth forecast?

I suggest using the IBIS World report we linked to earlier because it includes all the information about the U.S. vending machine market. You may need to purchase a local plan as well.

Industry Analysis Example

The vending machine industry makes $10 billion per year across 17,739 vending operators in the U.S. That means they make an average of $563,729 per year.

The average monthly revenue of a vending machine is approximately $2,000, which means a company needs 24 machines to earn the average across the industry.

The Las Vegas vending machine business market is approximately $69,343,972.03, and there are 99 vending machine operators , which means each vending machine operator is making approximately $140K per year more than the national average.

The market is expected to slightly decline in revenue, but companies that capitalize on existing trends like Apple Pay, Google Pay, and specialized vending machines are able to see growth by creating new markets in high-traffic areas.

According to ThomasNet , the major vending machine equipment manufacturers and suppliers are:

Adam suggested two manufacturers of vending machines he prefers to use.

In addition, snack foods and drinks are available from stores like:

• Coke distributors
• Pepsi distributors
• Other distributors

Your vending machine business plan should describe the target market you will be providing vending.

Your target market will impact the pricing and product options you carry. Make sure to understand the demographics of the customers in each type of facility you serve. You won’t want to offer the same vending machine products in a gas station as you would a cardiac wing in a hospital.

Analyze customer demographics. You’ll want to discuss the age, gender, location, and income levels of decision-makers, their customers, and where you want to place your vending machines .

You’ll also want to include psychographic profiles, meaning the details of your customers’ wants and needs. You wouldn’t want to offer all candy and soda in a yoga studio vending machine because the students will probably want water and healthier snack choices.

Your vending machine business plan should include a competitive analysis that shows your understanding of the direct and indirect competitors you will be competing with for your target customers.

Direct competitors are limited to vending machine operators in the local area, while indirect competitors are any type of business where your target customers can get the same products.

A vending machine business will have indirect competitors, including grocery stores, convenience stores, delivery apps, pharmacies, and fast food restaurants.

Not mentioning these vending machine competitors may show lenders that you don’t realize there are other places where someone can buy the same products even when in a rush.

You want to describe in greater detail the other vending machine businesses you’ll compete with. Your direct competitors will be other vending machine locations within a mile of your machine.

Create an analysis of each local vending machine company that answers the following:

• What locations does each business serve?
• What items do they sell in the vending machines?
• How do they price each item?
• What are the machine owners’ competitive advantages?
• What opportunities do they leave open?

After you’ve done this, you should be able to answer questions like:

• How can I provide superior products?
• What products can I offer that competitors do not?
• How can I create an excellent customer service culture?
• Can I beat their pricing?

Finding ways to provide better customer service at a similar or lower cost will provide a competitive advantage. Just make sure the pricing is correct for your vending machine business to be successful.

Have you ever heard of the 4Ps of marketing?

Every vending machine business should include them in its marketing plan.

This section of your vending machine business plan should remind the reader what type of vending machine business you are. Make sure to be specific about the products you’ll be offering in your vending machines. You’ll want to keep the product list consistent across vending machines.

You should have already analyzed how other vending machine businesses sell their products. Now it’s time to create your pricing guide. Adam suggests pricing the products at twice what you pay for them.

If you buy a 12-pack of soda from Sam’s Club for $12.99, then your vending machine company should be selling each can for $2.25 if the market will allow it. At the very least, factor in 50 cents profit per item.

Where will you be placing your vending machines? Document every location, the types of vending machines at the location, and how often you’ll need to check it.

You should also explain why each location is a good spot for a vending machine in your vending machine business plan. Learn more about vending machine placement .

The promotion section of a vending machine marketing plan documents how you will help people find your vending machine company and the locations where you have placed a vending machine.

Some promotional methods you might use for a vending machine company include:

• A vending machine website
• Adding your branding to your vehicle
• Creating brochures for business owners
• Focusing on vending machine experience and user experience (UX)
• Keeping your vending machines clean and branding them to help people recognize your brand
• Placing vending machines in strategic locations
• Providing maps that show where your vending machine business is located
• Sharing cool features of your vending machines on social media

You could also create a course to help other people learn how to start a vending machine business. That’s one of the ways that Adam has built upon his vending machine business. Check out our free vending machine training .

An operations plan is part of your vending machine business plan that explains your daily operations. Your operations plan should include two sections:

• Long-term goals
• Processes for operational excellence

Long-Term Goals

What milestones do you want to achieve in your vending machine company?

Your long-term goals might include the number of machines you want by a certain date, when you want to hire employees, and how much revenue you want within five years.

Make sure to add these details to your vending machine business plan.

Processes for Your Vending Machine Business

Your processes are the steps you will take during the day to keep your vending machine business running smoothly. Your main tasks will include:

• Buy vending machine products
• Store vending machine products
• Deliver machines
• Restock vending machines
• Clean vending machines
• Buy new vending machines
• Secure contracts for vending machine placement
• Buy vending machine routes
• Provide customer service

You should also include your management team and business structure in your vending machine business plan. Planning for a team shows that you have thought through starting a vending machine business and realize that you can’t do everything.

While vending machine businesses are typically able to be run by a single person, that doesn’t mean you won’t need help from other professionals including:

• Vending Machine Repair Person
• Sales and Marketing

Hiring people to manage portions of the company you don’t understand will make starting a vending machine business much easier. Emphasize how your leadership team is going to make you more successful by touting their past experience.

Direct experience in the vending machine business is best, but if your team has experience in other areas that are related, it works well, too. An advisory board familiar with vending machines is also an option.

Financial Plan

When you own vending machine business assets, you need a financial plan. Your financial plan should cover one to five years from your vending machine business starting.

Three financial statements should be included with your business plan:

• Income statement
• Balance sheet
• Cash flow statement

A Profit and Loss statement, P&L, or income statement shows your revenues and expenses to show how much money you made or lost.

You’ll have to make some assumptions when you create an income statement. Vending machine owners will need to make and document assumptions that answer the following:

• How many products will you serve?
• What will inflation be?
• How much will revenue grow each year? How?

Example Vending Machines Income Statement

Let’s assume the following:

• We bought 10 vending machines for $20,000 with $0 down and one year to pay $25K.
• Revenue is $2K/month per machine .
• Gross margins are 50% .
• Taxes are 20% .
• Marketing costs $1,000 annually .

Note: EBITDA = Earnings before interest, tax, depreciation, and amortization

Balance sheets are used to compare your assets and liabilities. Your balance sheet will show five sections:

• Current Assets: Cash and items that can be turned into cash within a year, including accounts receivable, inventory, prepaid expenses, and marketable securities.
• Long-Term Assets: Items that cannot be sold fast, like land, patents, brands, trademarks, goodwill, and vending machine equipment.
• Current Liabilities: Any debt due within a year, including accounts payable, debt financing, payroll, rent, utilities, and other accrued expenses.
• Long-Term Liabilities: Any debts that last longer than a year, including bonds payable, deferred taxes, leases, loans, and pensions
• Shareholder Equity: Shares, reserves, and retained earnings are all parts of owners’ equity

Effectively, you are aiming to balance the equation:

Current Assets + Long Term Assets = Current Liabilities + Long-Term Liabilities + Shareholder Equity

Learn more about balance sheets .

Your cash flow statement shows how much money you need in your business bank account to cover startup costs and operating expenses until you are fully self-sustaining.

Your cash flow statement adjusts the net income to add:

• Depreciation
• Decreases in accounts payable
• Increases in taxes payable
• Increases in accounts receivable

Then you’ll want to subtract the cost of any inventory to get the cash from operations. You’ll also want line items for any investment or financing you need for the following items:

• Cost of equipment like vending machines, refrigerated delivery trucks, etc.
• Cost of maintaining an adequate amount of inventory
• Payroll or salaries paid to staff
• Business insurance
• Taxes and permits
• Legal expenses

The final part of your vending machine business plan should be an appendix that includes all the supporting documentation for your business plan. You’ll want to include tables, links, and citations so that anyone reviewing your vending machine business plan can verify your facts.

For the sake of brevity, in this Example Appendix, I am only including the formula I used for the Las Vegas Vending Machine Industry calculation.

Vending Machine Business FAQs

Buying a vending machine will cost anywhere from $100 for a small candy vending machine to a few thousand dollars for new and used drink or snack machines. The custom vending machine cost can reach $20,000.

Starting a vending machine business requires:

• Establishing if the vending machine business will be profitable
• Creating financial projections
• Writing a vending machine business plan
• Forming your vending machine business
• Buying a vending machine
• Getting products to fill your vending machine
• Finding a location for your vending machine
• Storing vending machine products
• Maintaining vending machines
• Restocking and collecting money from your vending machine investment

According to Adam, most vending machines make around $2,000 per month if they are in good locations.

Market research may show that other vending machines can have even better results, but use $2,000 a month per machine in financial projections for your business plan unless you can document that your machines will have better returns.

Of the $2,000, approximately 30% should be profits or wages.

The vending machine business model normally requires a:

• Vending machine
• Business license and LLC
• Location for the vending machine
• Way to handle refunds

Whether you decide to offer ice cream vending machines, coffee vending machines, or bulk vending machines, a vending machines business plan will help you make the most out of your new venture.

If you haven’t already, don’t forget to download your free business plan.

What will be your vending machines business model?

Brandon Boushy

Brandon Boushy lives to improve people’s lives by helping them become successful entrepreneurs. His journey started nearly 30 years ago. He consistently excelled at everything he did, but preferred to make the rules rather than follow him. His exploration of self and knowledge has helped him to get an engineering degree, MBA, and countless certifications. When freelancing and rideshare came onto the scene, he recognized the opportunity to play by his own rules. Since 2017, he has helped businesses across all industries achieve more with his research, writing, and marketing strategies. Since 2021, he has been the Lead Writer for UpFlip where he has published over 170 articles on small business success.

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Vending Machine Business Plan

Things to Consider Before Writing a Vending Machine Business Plan

Pick your niche.

As there are so many options to choose from, it is essential to pick a range of products that you want to sell through your vending machine. You can pick a niche based on a combination of factors including your interests, your area of expertise, and the profitability of the niche. Deciding your niche beforehand comes in handy while doing your research and picking a location as well as getting an idea about your target audience.

Select a good location

A good location is another important factor that influences the success of your business. A vending machine needs to be placed strategically in a way that is accessible and convenient to use for people in a hurry. Also, most of the purchases from a vending machine are impulse buying decisions. You should keep that in mind while deciding a location for your vending machine so the location works in your favor.

Figure out good packaging and storage techniques

Good packaging that makes things easy to pick and carry on the go is one of the best things about a vending machine. Hence, good packaging can make your machine popular and good storage ensures that the items don’t get damaged. Hence, preventing unnecessary losses to your business.

Figure out security measures

Although there are a lot of good things about a vending machine, unfortunately, it is also prone to theft and damage. But taking proper security measures can help you avoid these hassles as much as possible. Hence, figuring out the security requirements before getting started is essential.

Chalking out Your Business Plan

With people returning to work post the COVID-19 pandemic and contactless services still being in vogue a vending machine business can be an exceptionally profitable one if done right.

Not just that vending machines are easy to use, but they come with a variety of product niches and help you avoid the hassle of showing product after product to customers, who’ll have every option displayed right in front of them with a vending machine.

And though refilling a vending machine and protecting it from theft and vandalism might seem like a boring job, a vending machine business is much more than that.

From vending machines that offer products ranging from granola bars to office supplies to the ones that take orders from apps through artificial intelligence, the vending machine business has gone through a massive change over the decades.

But, one more interesting fact is that there are over 5 million vending machines in the US alone, and if you want to last in such a competitive market you need a proper business plan. So, read on to find out how to write a vending machine business plan.

Why do You Need a Vending Machine Business Plan?

Before we discuss how to write a business plan , it is only fair to tell you about its advantages first. A vending machine business plan will help you decide your product niche, and the location where you can find your targeted customer, it helps you manage your finances, devise a marketing and pricing strategy, and run the operations of your business smoothly.

It also helps you design your brand image, decide on the scale of expansion and become more cost-effective as a business. Thus, a well-written business plan can serve a variety of purposes and help the different facets of your business is flourishing.

This brings us to the central topic of this blog, how to write a vending machine business plan.

How to Write a Vending Machine Business Plan?

Even though you can write a business plan from scratch yourself it is always a good idea to get a little expert help before you start writing one. You can either use a pre-designed template or an online business plan software.

For, writing a good plan always remember, that a plan should be clear, realistic, and customizable. It should not be a dead letter, but a living document that grows with the industry.

Here are a few sections that you can include in your business plan to make it a well-rounded one.

Vending Machine Business Plan Outline

This is the standard business plan outline which will cover all important sections that you should include in your business plan.

• Mission statement
• Vision Statement
• Customer Focus
• Success Factors
• Financial Summary
• 3 Year profit forecast
• Startup cost
• Products and services
• Market Analysis
• Industry Analysis
• Market Trends
• Working Community
• Residential Community
• SWOT Analysis
• Advertising Strategy
• Pricing Strategy
• Financial Plan
• Important Assumptions
• Brake-even Analysis
• Profit Yearly
• Gross Margin Yearly
• Projected Cash Flow
• Projected Balance Sheet
• Business Ratios

What to Include in a Vending Machine Business Plan?

Although your vending machine business plan would keep growing alongside your business there are certain key areas that you must include in your business plan.

1. Executive Summary

The executive summary section sums up your vision, business idea, and strategy. It consists of a summary of all the sections of your business. It is important to write a good executive summary, especially if you are expecting to get funded.

As a vending machine business, you should include your range of products and target audience, preferable locations, financial summary, and pricing strategy in your executive summary.

2. Company Summary

In this section you will summarise all that your company stands for:

• Your target audience, whether they are kids, students, working professionals, or tourists.
• Your niche, if it is beverages, packaged food, health food, stationery, or some other products.
• Your preferred location( select this as per your target audience)

All in all this section defines what your company is.

3. Competitive Analysis

In this section, you should include everything you can find about your direct and indirect competitors. You should note down points that are working for them, strategies that have led to their failure, and what makes you stand out from your competition. Apart from that, you should also see if you are standing out in a positive or negative light.

4. SWOT Analysis

SWOT (strength, weakness, opportunity, and threat) analysis is an analytical framework generally used to evaluate any business’ competitive position in the market.

While conducting a SWOT analysis , it is important to initially focus on the market’s threats and opportunities. This will allow you to gain a deeper understanding of how your business’s strengths and weaknesses relate to market opportunities and threats.

Here’s an example of a SWOT analysis prepared for a vending machine business using Upmetrics:

5. Financial Plan

A financial plan is essential for the success of a vending machine business plan. It helps you decide whether you need funding or not, which are the most viable options for being funded, how much should you spend initially, when your business is ready for an expansion, etc. Therefore, a financial plan is exceptionally helpful and should be included in your business plan.

Download a sample vending machine business plan

Need help writing your business plan from scratch? Here you go; download our free vending machine business plan pdf to start.

It’s a modern business plan template specifically designed for your vending machine business. Use the example business plan as a guide for writing your own.

The Quickest Way to turn a Business Idea into a Business Plan

Fill-in-the-blanks and automatic financials make it easy.

Write your business plan with Upmetrics

A business plan software like Upmetrics is the best way to draft your business plan. This incredible tool comes with step-by-step instructions, customizable templates, and 400+ sample business plans to help you get started.

So, whether starting a new vending machine business or planning to grow an existing one, Upmetrics is the tool you need to create a business plan.

So what are you waiting for? Start planning today!

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Frequently asked questions, what is the easiest way to write your vending machine business plan.

A lot of research is necessary for writing a business plan, but you can write your plan most efficiently with the help of any vending machine business plan example and edit it as per your need. You can also quickly finish your plan in just a few hours or less with the help of our business plan software .

How do I write a good market analysis in a vending machine business plan?

Market analysis is one of the key components of your business plan that requires deep research and a thorough understanding of your industry.

We can categorize the process of writing a good market analysis section into the following steps:

• Stating the objective of your market analysis—e.g., investor funding.
• Industry study—market size, growth potential, market trends, etc.
• Identifying target market—based on user behavior and demographics.
• Analyzing direct and indirect competitors.
• Calculating market share—understanding TAM, SAM, and SOM.
• Knowing regulations and restrictions
• Organizing data and writing the first draft.

Writing a marketing analysis section can be overwhelming, but using ChatGPT for market research can make things easier.

How detailed should the financial projections be in my vending machine business plan?

The level of detail of the financial projections of your vending machine business may vary considering various business aspects like direct and indirect competition, pricing, and operational efficiency. However, your financial projections must be comprehensive enough to demonstrate a complete view of your financial performance.

Generally, the statements included in a business plan offer financial projections for at least the first three or five years of business operations.

What's the importance of a marketing strategy in a vending machine business plan?

Marketing strategy is a key component of your vending machine business plan. Whether it is about achieving certain business goals or helping your investors understand your plan to maximize their return on investment—an impactful marketing strategy is the way to do it!

Here are a few pointers to help you understand the importance of having an impactful marketing strategy:

• It provides your business an edge over your competitors.
• It helps investors better understand your business and growth potential.
• It helps you develop products with the best profit potential.
• It helps you set accurate pricing for your products or services.

About the Author

Upmetrics Team

Upmetrics is the #1 business planning software that helps entrepreneurs and business owners create investment-ready business plans using AI. We regularly share business planning insights on our blog. Check out the Upmetrics blog for such interesting reads. Read more

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Reverse Vending Machine Market

Reverse Vending Machine Market (Product Type: Metal Recycling Machines, Plastic Bottle Recycling Machines, Glass Recycling Machines, Hybrid Recycling Machines) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2023-2031

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Reverse Vending Machine Market Outlook 2031

• The industry was valued at US$ 386.9 Mn in 2022
• It is estimated to grow at a CAGR of 5.2% from 2023 to 2031 and reach US$ 604.1 Mn by the end of 2031

Analysts’ Viewpoint Demand for reverse vending machines is increasing at airports, metro stations, and railway stations to implement effective waste management practices. Increase in concerns associated with untreated waste in developed as well as developing countries is contributing to the reverse vending machine market growth. Leading companies in reverse vending machine market are focusing on the development of smart reverse vending machines based on artificial intelligence and data analytics technologies. Key vendors in the reverse vending machine market are anticipated to invest in R&D to gain new growth opportunities in the near future. They are also collaborating with different companies to expand their product portfolio and global reach as well as to keep their businesses growing across different regions.

Market Introduction

A reverse vending machine (RVM) is a machine that offers rewards to a person who is inserting an empty glass bottle or a plastic bottle into the machine. RVMs are also conveniently located in public places such as grocery shops, mega malls, schools, and parks, making them easily accessible to users. Several government laws with reference to plastic waste recycling are expected to fuel reverse vending machine market value in the near future.

Rise in Untreated Waste Worldwide

The amount of untreated waste has increased significantly in the last few years. Plastic waste is harmful to the environment. Plastic production and accumulation in the environment are rising at a rapid pace. This is majorly due to the less awareness about recycling. Reverse vending machines offer the recycling of plastic bottles in an efficient manner. Reverse vending machines are gaining popularity due to their simple operation and positive intention of helping the environment.

According to the World Economic Forum, globally 400 million tons of plastic waste is produced on a yearly basis. In the U.S., 40 million tons of plastic waste was generated in 2021, and only 5.0% to 6.0%, or about two million tons was recycled. The total bottle recycling rate for 2020 was 27.2%, down from 28.7% in 2019. About 2.5 million plastic bottles and 110 million glass bottles are thrown away in the U.S. every hour. Thus, demand for reverse vending machines to recycle different types of bottle waste is rising across the region.

Increase in Adoption of Reverse Vending Machines in Public Places

Consumers use over 1.4 trillion beverage containers every year worldwide. The reverse vending machine helps to reduce and recycle waste. A number of unrecycled plastic bottles are scattered across rivers, landscapes, oceans, and landfills. The reverse vending machine is equipment that takes used bottles or cans, and then returns money or incentives in different forms. These incentives can differ based on location. Recyclers can get incentives in the form of cash refunds, metro transit tickets, donations to charity, paid telephone cards, or discount tickets to amusement parks, etc.

Reverse vending machines, or RVMs, are also conveniently placed in public locations such as grocery stores, gas stations, schools, and parks. Several governments are creating awareness about the benefits associated with reverse vending machines.

On 11 January, 2023, Mumbai’s Chhatrapati Shivaji Maharaj International Airport (CSMIA) installed Reverse Vending Machines (RVM) to spread awareness about recycling of plastic bottles. On January 24, 2023, the Government of Indonesia installed reverse vending machines for plastic recycling. Therefore, increase in installation of RVMs in public places is supporting growth of the global reverse vending machine market.

Surge in Demand for Plastic Bottle Recycling Machines

In terms of product type, the plastic bottle recycling machines segment dominated the global market in 2022. It is likely to hold major share of the global business during the forecast period.

Plastic bottles are typically used to store various kinds of liquids such as water, carbonated drinks, cooking oil, and milk. Plastic is one of the most used materials in several industries. Plastic material cannot easily decompose in the environment. This creates the demand for plastic bottle recycling machines in order to protect the environment. The U.S. landfills are overflowing with more than 2 million tons of discarded water bottles. Therefore, demand for plastic bottle recycling machines is expected to increase in the next few years.

Regional Outlook of Reverse Vending Machine Market

According to the analysis of the global reverse vending machine market report, in terms of region, Asia Pacific is likely to account for major share of the global market during the forecast period. Increase in plastic waste in Asia Pacific is a major factor contributing to the market development. India, China, and Indonesia are among the top three countries producing a large amount of plastic waste per year. Therefore, government bodies of these countries are focusing on the installation of reverse vending machines in major states.

On December 9, 2022, plastic reverse vending machines were been installed at 10 busy locations in Ludhiana, India. The market in Asia Pacific is likely to be followed by the market in North America in the near future.

Analysis of Key Players in Reverse Vending Machine Business

Companies in the global market are investing significantly on comprehensive R&D activities, primarily to develop innovative reverse vending machines. Expansion of product portfolios and mergers & acquisitions are key strategies adopted by manufacturers of the reverse vending machine market.

Aco Recycling, EcoVend Reverse Vending, Endlos Innovations Private Limited, Envipco Holding N.V., Kansmacker International, RVM Systems AS, Sielaff GmbH & Co. KG, Tomra Systems ASA, Veolia, and Zeleno are the prominent players operating in the global reverse vending machine market.

Key Developments in Reverse Vending Machine Industry

• On August 09 , 2022 , Tomra Systems ASA launched TOMRA M1, the smallest three-material reverse vending machine. TOMRA M1 requires just 0.62 square meters of floor space, so that smaller retailers can participate in deposit return systems and contribute to recycling. This company is significantly focused on offering affordable and compact RVM, suitable for convenience/small stores.
• On November 22 , 2021 , Aco Recycling launched the G-1 Smart Reverse Vending Machine. This machine is AI-driven, and can easily recycle plastic, glass, and aluminum waste. It provides a remote monitoring solution to the user.
• On June 25 , 2021 , EcoVend Reverse Vending installed its new generation RVM 400 reverse vending machines in one of the largest supermarkets in Portugal. The RVM 400 accepts cans and plastic bottles. Additionally, on August 24, 2021, the company introduced a new RVM 400 reverse vending machine with advanced voice and touchless operation features as well as a large screen for advertising.

Key players have been profiled in the reverse vending machine market forecast report based on parameters such as financial overview, company overview, product portfolio, business strategies, recent developments, and business segments.

Market Snapshot

Frequently asked questions, how big was the global reverse vending machine market in 2022.

The global market was valued at US$ 386.9 Mn in 2022

How is it expected to grow by 2031?

It is expected to grow at a CAGR of 5.2% during the forecast period

What are the key factors driving the industry?

Rise in untreated waste across the globe and increase in adoption of reverse vending machines in public places

Which product type segment contributed largest share in 2022?

The plastic bottle recycling machines segment contributed largest share in 2022

How the Asia Pacific region performing?

Asia Pacific accounted for about 40% share in 2022

Who are the key players in the business?

Aco Recycling, EcoVend Reverse Vending, Endlos Innovations Private Limited, Envipco Holding N.V., Kansmacker International, RVM Systems AS, Sielaff GmbH & Co. KG, Tomra Systems ASA, Veolia, and Zeleno

    1.1. Market Definition and Scope

    1.2. Market Segmentation

    1.3. Key Research Objectives

    1.4. Research Highlights

2. Assumptions

3. Research Methodology

4. Executive Summary

5. Market Overview

    5.1. Market Dynamics

        5.1.1. Drivers

        5.1.2. Restraints

        5.1.3. Opportunities

    5.2. Key Trend Analysis

        5.2.1. Supplier Side

        5.2.2. Demand Side

    5.3. Key Market Indication

        5.3.1. Global Vending Machine Market Overview

    5.4. Industry SWOT Analysis

    5.5. Porter’s Five Forces Analysis

    5.6. Value Chain Analysis

    5.7. COVID-19 Impact Analysis

    5.8. Technology Overview

    5.9. Regulatory Framework and Guidelines

    5.10. Global Reverse Vending Machine Market Analysis and Forecast, 2017- 2031

        5.10.1. Market Value Projections (US$ Mn)

        5.10.2. Market Volume Projections (Thousand Units)

6. Global Reverse Vending Machine Market Analysis and Forecast, by Product Type

    6.1. Global Reverse Vending Machine Market Size (Value & Volume), by Product Type, 2017- 2031

        6.1.1. Metal Recycling Machines

        6.1.2. Plastic Bottle Recycling Machines

        6.1.3. Glass Recycling Machines

        6.1.4. Hybrid Recycling Machines

    6.2. Incremental Opportunity, by Product Type

7. Global Reverse Vending Machine Market Analysis and Forecast, by Capacity

    7.1. Global Reverse Vending Machine Market Size (Value & Volume), by Capacity, 2017- 2031

        7.1.1. Less Than 300 Bottles/Cans

        7.1.2. 300 - 600 Bottles/Cans

        7.1.3. 600 - 900 Bottles/Cans

        7.1.4. More Than 900 Bottles/Cans

    7.2. Incremental Opportunity, by Capacity

8. Global Reverse Vending Machine Market Analysis and Forecast, by Price

    8.1. Global Reverse Vending Machine Market Size (Value & Volume), by Price, 2017- 2031

        8.1.1. Low

        8.1.2. Medium

        8.1.3. High

    8.2. Incremental Opportunity, by Price

9. Global Reverse Vending Machine Market Analysis and Forecast, by Application

    9.1. Global Reverse Vending Machine Market Size (Value & Volume), by Application, 2017- 2031

        9.1.1. Airports & Railway Stations

        9.1.2. Supermarkets & Shopping Malls

        9.1.3. Public Parks

        9.1.4. Universities & Schools

        9.1.5. Others

    9.2. Incremental Opportunity, by Application

10. Global Reverse Vending Machine Market Analysis and Forecast, by Distribution Channel

    10.1. Global Reverse Vending Machine Market Size (Value & Volume), by Distribution Channel, 2017- 2031

        10.1.1. Direct Sales

        10.1.2. Indirect Sales

    10.2. Incremental Opportunity, by Distribution Channel

11. Global Reverse Vending Machine Market Analysis and Forecast, by Region

    11.1. Global Reverse Vending Machine Market Size (Value & Volume), by Region, 2017- 2031

        11.1.1. North America

        11.1.2. Europe

        11.1.3. Asia Pacific

        11.1.4. Middle East & Africa

        11.1.5. South America

    11.2. Incremental Opportunity, by Region

12. North America Reverse Vending Machine Market Analysis and Forecast

    12.1. Regional Snapshot

    12.2. Price Trend Analysis

        12.2.1. Weighted Average Selling Price (US$)

    12.3. Key Supplier Analysis

    12.4. Reverse Vending Machine Market Size (Value & Volume), by Product Type, 2017- 2031

        12.4.1. Metal Recycling Machines

        12.4.2. Plastic Bottle Recycling Machines

        12.4.3. Glass Recycling Machines

        12.4.4. Hybrid Recycling Machines

    12.5. Reverse Vending Machine Market Size (Value & Volume), by Capacity, 2017- 2031

        12.5.1. Less Than 300 Bottles/Cans

        12.5.2. 300 - 600 Bottles/Cans

        12.5.3. 600 - 900 Bottles/Cans

        12.5.4. More Than 900 Bottles/Cans

    12.6. Reverse Vending Machine Market Size (Value & Volume), by Price, 2017- 2031

        12.6.1. Low

        12.6.2. Medium

        12.6.3. High

    12.7. Reverse Vending Machine Market Size (Value & Volume), by Application, 2017- 2031

        12.7.1. Airports & Railway Stations

        12.7.2. Supermarkets & Shopping Malls

        12.7.3. Public Parks

        12.7.4. Universities & Schools

        12.7.5. Others

    12.8. Reverse Vending Machine Market Size (Value & Volume), by Distribution Channel, 2017- 2031

        12.8.1. Direct Sales

        12.8.2. Indirect Sales

    12.9. Reverse Vending Machine Market Size (US$ Mn) (Thousand Units), by Country, 2017- 2031

        12.9.1. U.S.

        12.9.2. Canada

        12.9.3. Rest of North America

    12.10. Incremental Opportunity Analysis

13. Europe Reverse Vending Machine Market Analysis and Forecast

    13.1. Regional Snapshot

    13.2. Price Trend Analysis

        13.2.1. Weighted Average Selling Price (US$)

    13.3. Key Supplier Analysis

    13.4. Reverse Vending Machine Market Size (Value & Volume), by Product Type, 2017- 2031

        13.4.1. Metal Recycling Machines

        13.4.2. Plastic Bottle Recycling Machines

        13.4.3. Glass Recycling Machines

        13.4.4. Hybrid Recycling Machines

    13.5. Reverse Vending Machine Market Size (Value & Volume), by Capacity, 2017- 2031

        13.5.1. Less Than 300 Bottles/Cans

        13.5.2. 300 - 600 Bottles/Cans

        13.5.3. 600 - 900 Bottles/Cans

        13.5.4. More Than 900 Bottles/Cans

    13.6. Reverse Vending Machine Market Size (Value & Volume), by Price, 2017- 2031

        13.6.1. Low

        13.6.2. Medium

        13.6.3. High

    13.7. Reverse Vending Machine Market Size (Value & Volume), by Application, 2017- 2031

        13.7.1. Airports & Railway Stations

        13.7.2. Supermarkets & Shopping Malls

        13.7.3. Public Parks

        13.7.4. Universities & Schools

        13.7.5. Others

    13.8. Reverse Vending Machine Market Size (Value & Volume), by Distribution Channel, 2017- 2031

        13.8.1. Direct Sales

        13.8.2. Indirect Sales

    13.9. Reverse Vending Machine Market Size (US$ Mn) (Thousand Units), by Country, 2017- 2031

        13.9.1. U.K.

        13.9.2. Germany

        13.9.3. France

        13.9.4. Rest of Europe

    13.10. Incremental Opportunity Analysis

14. Asia Pacific Reverse Vending Machine Market Analysis and Forecast

    14.1. Regional Snapshot

    14.2. Price Trend Analysis

        14.2.1. Weighted Average Selling Price (US$)

    14.3. Key Supplier Analysis

    14.4. Reverse Vending Machine Market Size (Value & Volume), by Product Type, 2017- 2031

        14.4.1. Metal Recycling Machines

        14.4.2. Plastic Bottle Recycling Machines

        14.4.3. Glass Recycling Machines

        14.4.4. Hybrid Recycling Machines

    14.5. Reverse Vending Machine Market Size (Value & Volume), by Capacity, 2017- 2031

        14.5.1. Less Than 300 Bottles/Cans

        14.5.2. 300 - 600 Bottles/Cans

        14.5.3. 600 - 900 Bottles/Cans

        14.5.4. More Than 900 Bottles/Cans

    14.6. Reverse Vending Machine Market Size (Value & Volume), by Price, 2017- 2031

        14.6.1. Low

        14.6.2. Medium

        14.6.3. High

    14.7. Reverse Vending Machine Market Size (Value & Volume), by Application, 2017- 2031

        14.7.1. Airports & Railway Stations

        14.7.2. Supermarkets & Shopping Malls

        14.7.3. Public Parks

        14.7.4. Universities & Schools

        14.7.5. Others

    14.8. Reverse Vending Machine Market Size (Value & Volume), by Distribution Channel, 2017- 2031

        14.8.1. Direct Sales

        14.8.2. Indirect Sales

    14.9. Reverse Vending Machine Market Size (US$ Mn) (Thousand Units), by Country, 2017- 2031

        14.9.1. China

        14.9.2. India

        14.9.3. Japan

        14.9.4. Rest of Asia Pacific

    14.10. Incremental Opportunity Analysis

15. Middle East & Africa Reverse Vending Machine Market Analysis and Forecast

    15.1. Regional Snapshot

    15.2. Price Trend Analysis

        15.2.1. Weighted Average Selling Price (US$)

    15.3. Key Supplier Analysis

    15.4. Reverse Vending Machine Market Size (Value & Volume), by Product Type, 2017- 2031

        15.4.1. Metal Recycling Machines

        15.4.2. Plastic Bottle Recycling Machines

        15.4.3. Glass Recycling Machines

        15.4.4. Hybrid Recycling Machines

    15.5. Reverse Vending Machine Market Size (Value & Volume), by Capacity, 2017- 2031

        15.5.1. Less Than 300 Bottles/Cans

        15.5.2. 300 - 600 Bottles/Cans

        15.5.3. 600 - 900 Bottles/Cans

        15.5.4. More Than 900 Bottles/Cans

    15.6. Reverse Vending Machine Market Size (Value & Volume), by Price, 2017- 2031

        15.6.1. Low

        15.6.2. Medium

        15.6.3. High

    15.7. Reverse Vending Machine Market Size (Value & Volume), by Application, 2017- 2031

        15.7.1. Airports & Railway Stations

        15.7.2. Supermarkets & Shopping Malls

        15.7.3. Public Parks

        15.7.4. Universities & Schools

        15.7.5. Others

    15.8. Reverse Vending Machine Market Size (Value & Volume), by Distribution Channel, 2017- 2031

        15.8.1. Direct Sales

        15.8.2. Indirect Sales

    15.9. Reverse Vending Machine Market Size (US$ Mn) (Thousand Units), by Country, 2017- 2031

        15.9.1. GCC

        15.9.2. South Africa

        15.9.3. Rest of Middle East & Africa

    15.10. Incremental Opportunity Analysis

16. South America Reverse Vending Machine Market Analysis and Forecast

    16.1. Regional Snapshot

    16.2. Price Trend Analysis

        16.2.1. Weighted Average Selling Price (US$)

    16.3. Key Supplier Analysis

    16.4. Reverse Vending Machine Market Size (Value & Volume), by Product Type, 2017- 2031

        16.4.1. Metal Recycling Machines

        16.4.2. Plastic Bottle Recycling Machines

        16.4.3. Glass Recycling Machines

        16.4.4. Hybrid Recycling Machines

    16.5. Reverse Vending Machine Market Size (Value & Volume), by Capacity, 2017- 2031

        16.5.1. Less Than 300 Bottles/Cans

        16.5.2. 300 - 600 Bottles/Cans

        16.5.3. 600 - 900 Bottles/Cans

        16.5.4. More Than 900 Bottles/Cans

    16.6. Reverse Vending Machine Market Size (Value & Volume), by Price, 2017- 2031

        16.6.1. Low

        16.6.2. Medium

        16.6.3. High

    16.7. Reverse Vending Machine Market Size (Value & Volume), by Application, 2017- 2031

        16.7.1. Airports & Railway Stations

        16.7.2. Supermarkets & Shopping Malls

        16.7.3. Public Parks

        16.7.4. Universities & Schools

        16.7.5. Others

    16.8. Reverse Vending Machine Market Size (Value & Volume), by Distribution Channel, 2017- 2031

        16.8.1. Direct Sales

        16.8.2. Indirect Sales

    16.9. Reverse Vending Machine Market Size (US$ Mn) (Thousand Units), by Country, 2017- 2031

        16.9.1. Brazil

        16.9.2. Rest of South America

    16.10. Incremental Opportunity Analysis

17. Competition Landscape

    17.1. Competition Dashboard

    17.2. Market Share Analysis % (2020)

    17.3. Company Profiles [Company Overview, Product Portfolio, Financial Information, Business Strategies / Recent Developments]

        17.3.1. Aco Recycling

            17.3.1.1. Company Overview

            17.3.1.2. Product Portfolio

            17.3.1.3. Financial Information

            17.3.1.4. Business Strategies / Recent Developments

        17.3.2. EcoVend Reverse Vending

            17.3.2.1. Company Overview

            17.3.2.2. Product Portfolio

            17.3.2.3. Financial Information

            17.3.2.4. Business Strategies / Recent Developments

        17.3.3. Endlos Innovations Private Limited

            17.3.3.1. Company Overview

            17.3.3.2. Product Portfolio

            17.3.3.3. Financial Information

            17.3.3.4. Business Strategies / Recent Developments

        17.3.4. Envipco Holding N.V.

            17.3.4.1. Company Overview

            17.3.4.2. Product Portfolio

            17.3.4.3. Financial Information

            17.3.4.4. Business Strategies / Recent Developments

        17.3.5. Kansmacker International

            17.3.5.1. Company Overview

            17.3.5.2. Product Portfolio

            17.3.5.3. Financial Information

            17.3.5.4. Business Strategies / Recent Developments

        17.3.6. RVM Systems AS

            17.3.6.1. Company Overview

            17.3.6.2. Product Portfolio

            17.3.6.3. Financial Information

            17.3.6.4. Business Strategies / Recent Developments

        17.3.7. Sielaff GmbH & Co. KG

            17.3.7.1. Company Overview

            17.3.7.2. Product Portfolio

            17.3.7.3. Financial Information

            17.3.7.4. Business Strategies / Recent Developments

        17.3.8. Tomra Systems ASA

            17.3.8.1. Company Overview

            17.3.8.2. Product Portfolio

            17.3.8.3. Financial Information

            17.3.8.4. Business Strategies / Recent Developments

        17.3.9. Veolia

            17.3.9.1. Company Overview

            17.3.9.2. Product Portfolio

            17.3.9.3. Financial Information

            17.3.9.4. Business Strategies / Recent Developments

        17.3.10. Zeleno

            17.3.10.1. Company Overview

            17.3.10.2. Product Portfolio

            17.3.10.3. Financial Information

            17.3.10.4. Business Strategies / Recent Developments

18. Key Takeaways

    18.1. Identification of Potential Market Spaces

        18.1.1. By Product Type

        18.1.2. By Capacity

        18.1.3. By Price

        18.1.4. By Application

        18.1.5. By Distribution Channel

        18.1.6. By Region

    18.2. Preferred Sales & Marketing Strategy

    18.3. Prevailing Market Risks

List of Tables

Table 1: Global Reverse Vending Machine Market Value, by Product Type, US$ Mn, 2017-2031

Table 2: Global Reverse Vending Machine Market Volume, by Product Type, Thousand Units, 2017-2031

Table 3: Global Reverse Vending Machine Market Value, by Capacity, US$ Mn, 2017-2031

Table 4: Global Reverse Vending Machine Market Volume, by Capacity, Thousand Units, 2017-2031

Table 5: Global Reverse Vending Machine Market Value, by Price, US$ Mn, 2017-2031

Table 6: Global Reverse Vending Machine Market Volume, by Price, Thousand Units, 2017-2031

Table 7: Global Reverse Vending Machine Market Value, by Application, US$ Mn, 2017-2031

Table 8: Global Reverse Vending Machine Market Volume, by Application, Thousand Units, 2017-2031

Table 9: Global Reverse Vending Machine Market Value, by Distribution Channel, US$ Mn, 2017-2031

Table 10: Global Reverse Vending Machine Market Volume, by Distribution Channel, Thousand Units, 2017-2031

Table 11: Global Reverse Vending Machine Market Value, by Region, US$ Mn, 2017-2031

Table 12: Global Reverse Vending Machine Market Volume, by Region, Thousand Units, 2017-2031

Table 13: North America Reverse Vending Machine Market Value, by Product Type, US$ Mn, 2017-2031

Table 14: North America Reverse Vending Machine Market Volume, by Product Type, Thousand Units, 2017-2031

Table 15: North America Reverse Vending Machine Market Value, by Capacity, US$ Mn, 2017-2031

Table 16: North America Reverse Vending Machine Market Volume, by Capacity, Thousand Units, 2017-2031

Table 17: North America Reverse Vending Machine Market Value, by Price, US$ Mn, 2017-2031

Table 18: North America Reverse Vending Machine Market Volume, by Price, Thousand Units, 2017-2031

Table 19: North America Reverse Vending Machine Market Value, by Application, US$ Mn, 2017-2031

Table 20: North America Reverse Vending Machine Market Volume, by Application, Thousand Units, 2017-2031

Table 21: North America Reverse Vending Machine Market Value, by Distribution Channel, US$ Mn, 2017-2031

Table 22: North America Reverse Vending Machine Market Volume, by Distribution Channel, Thousand Units, 2017-2031

Table 23: North America Reverse Vending Machine Market Value, by Country/Sub-Region, US$ Mn, 2017-2031

Table 24: North America Reverse Vending Machine Market Volume, by Country/Sub-Region, Thousand Units, 2017-2031

Table 25: Europe Reverse Vending Machine Market Value, by Product Type, US$ Mn, 2017-2031

Table 26: Europe Reverse Vending Machine Market Volume, by Product Type, Thousand Units, 2017-2031

Table 27: Europe Reverse Vending Machine Market Value, by Capacity, US$ Mn, 2017-2031

Table 28: Europe Reverse Vending Machine Market Volume, by Capacity, Thousand Units, 2017-2031

Table 29: Europe Reverse Vending Machine Market Value, by Price, US$ Mn, 2017-2031

Table 30: Europe Reverse Vending Machine Market Volume, by Price, Thousand Units, 2017-2031

Table 31: Europe Reverse Vending Machine Market Value, by Application, US$ Mn, 2017-2031

Table 32: Europe Reverse Vending Machine Market Volume, by Application, Thousand Units, 2017-2031

Table 33: Europe Reverse Vending Machine Market Value, by Distribution Channel, US$ Mn, 2017-2031

Table 34: Europe Reverse Vending Machine Market Volume, by Distribution Channel, Thousand Units, 2017-2031

Table 35: Europe Reverse Vending Machine Market Value, by Country/Sub-Region, US$ Mn, 2017-2031

Table 36: Europe Reverse Vending Machine Market Volume, by Country/Sub-Region, Thousand Units, 2017-2031

Table 37: Asia Pacific Reverse Vending Machine Market Value, by Product Type, US$ Mn, 2017-2031

Table 38: Asia Pacific Reverse Vending Machine Market Volume, by Product Type, Thousand Units, 2017-2031

Table 39: Asia Pacific Reverse Vending Machine Market Value, by Capacity, US$ Mn, 2017-2031

Table 40: Asia Pacific Reverse Vending Machine Market Volume, by Capacity, Thousand Units, 2017-2031

Table 41: Asia Pacific Reverse Vending Machine Market Value, by Price, US$ Mn, 2017-2031

Table 42: Asia Pacific Reverse Vending Machine Market Volume, by Price, Thousand Units, 2017-2031

Table 43: Asia Pacific Reverse Vending Machine Market Value, by Application, US$ Mn, 2017-2031

Table 44: Asia Pacific Reverse Vending Machine Market Volume, by Application, Thousand Units, 2017-2031

Table 45: Asia Pacific Reverse Vending Machine Market Value, by Distribution Channel, US$ Mn, 2017-2031

Table 46: Asia Pacific Reverse Vending Machine Market Volume, by Distribution Channel, Thousand Units, 2017-2031

Table 47: Asia Pacific Reverse Vending Machine Market Value, by Country/Sub-Region, US$ Mn, 2017-2031

Table 48: Asia Pacific Reverse Vending Machine Market Volume, by Country/Sub-Region, Thousand Units, 2017-2031

Table 49: Middle East & Africa Reverse Vending Machine Market Value, by Product Type, US$ Mn, 2017-2031

Table 50: Middle East & Africa Reverse Vending Machine Market Volume, by Product Type, Thousand Units, 2017-2031

Table 51: Middle East & Africa Reverse Vending Machine Market Value, by Capacity, US$ Mn, 2017-2031

Table 52: Middle East & Africa Reverse Vending Machine Market Volume, by Capacity, Thousand Units, 2017-2031

Table 53: Middle East & Africa Reverse Vending Machine Market Value, by Price, US$ Mn, 2017-2031

Table 54: Middle East & Africa Reverse Vending Machine Market Volume, by Price, Thousand Units, 2017-2031

Table 55: Middle East & Africa Reverse Vending Machine Market Value, by Application, US$ Mn, 2017-2031

Table 56: Middle East & Africa Reverse Vending Machine Market Volume, by Application, Thousand Units, 2017-2031

Table 57: Middle East & Africa Reverse Vending Machine Market Value, by Distribution Channel, US$ Mn, 2017-2031

Table 58: Middle East & Africa Reverse Vending Machine Market Volume, by Distribution Channel, Thousand Units, 2017-2031

Table 59: Middle East & Africa Reverse Vending Machine Market Value, by Country/Sub-Region, US$ Mn, 2017-2031

Table 60: Middle East & Africa Reverse Vending Machine Market Volume, by Country/Sub-Region, Thousand Units, 2017-2031

Table 61: South America Reverse Vending Machine Market Value, by Product Type, US$ Mn, 2017-2031

Table 62: South America Reverse Vending Machine Market Volume, by Product Type, Thousand Units, 2017-2031

Table 63: South America Reverse Vending Machine Market Value, by Capacity, US$ Mn, 2017-2031

Table 64: South America Reverse Vending Machine Market Volume, by Capacity, Thousand Units, 2017-2031

Table 65: South America Reverse Vending Machine Market Value, by Price, US$ Mn, 2017-2031

Table 66: South America Reverse Vending Machine Market Volume, by Price, Thousand Units, 2017-2031

Table 67: South America Reverse Vending Machine Market Value, by Application, US$ Mn, 2017-2031

Table 68: South America Reverse Vending Machine Market Volume, by Application, Thousand Units, 2017-2031

Table 69: South America Reverse Vending Machine Market Value, by Distribution Channel, US$ Mn, 2017-2031

Table 70: South America Reverse Vending Machine Market Volume, by Distribution Channel, Thousand Units, 2017-2031

Table 71: South America Reverse Vending Machine Market Value, by Country/Sub-Region, US$ Mn, 2017-2031

Table 72: South America Reverse Vending Machine Market Volume, by Country/Sub-Region, Thousand Units, 2017-2031

List of Figures

Figure 1: Global Reverse Vending Machine Market Value, by Product Type, US$ Mn, 2017-2031

Figure 2: Global Reverse Vending Machine Market Volume, by Product Type, Thousand Units, 2017-2031

Figure 3: Global Reverse Vending Machine Market Incremental Opportunity, By Product Type, 2021-2031

Figure 4: Global Reverse Vending Machine Market Value, by Capacity, US$ Mn, 2017-2031

Figure 5: Global Reverse Vending Machine Market Volume, by Capacity, Thousand Units, 2017-2031

Figure 6: Global Reverse Vending Machine Market Incremental Opportunity, By Capacity, 2021-2031

Figure 7: Global Reverse Vending Machine Market Value, by Price, US$ Mn, 2017-2031

Figure 8: Global Reverse Vending Machine Market Volume, by Price, Thousand Units, 2017-2031

Figure 9: Global Reverse Vending Machine Market Incremental Opportunity, By Price, 2021-2031

Figure 10: Global Reverse Vending Machine Market Value, by Application, US$ Mn, 2017-2031

Figure 11: Global Reverse Vending Machine Market Volume, by Application, Thousand Units, 2017-2031

Figure 12: Global Reverse Vending Machine Market Incremental Opportunity, By Application, 2021-2031

Figure 13: Global Reverse Vending Machine Market Value, by Distribution Channel, US$ Mn, 2017-2031

Figure 14: Global Reverse Vending Machine Market Volume, by Distribution Channel, Thousand Units, 2017-2031

Figure 15: Global Reverse Vending Machine Market Incremental Opportunity, By Distribution Channel, 2021-2031

Figure 16: Global Reverse Vending Machine Market Value, by Region, US$ Mn, 2017-2031

Figure 17: Global Reverse Vending Machine Market Volume, by Region, Thousand Units, 2017-2031

Figure 18: Global Reverse Vending Machine Market Incremental Opportunity, by Region,2021-2031

Figure 19: North America Reverse Vending Machine Market Value, by Product Type, US$ Mn, 2017-2031

Figure 20: North America Reverse Vending Machine Market Volume, by Product Type, Thousand Units, 2017-2031

Figure 21: North America Reverse Vending Machine Market Incremental Opportunity, By Product Type, 2021-2031

Figure 22: North America Reverse Vending Machine Market Value, by Capacity, US$ Mn, 2017-2031

Figure 23: North America Reverse Vending Machine Market Volume, by Capacity, Thousand Units, 2017-2031

Figure 24: North America Reverse Vending Machine Market Incremental Opportunity, By Capacity, 2021-2031

Figure 25: North America Reverse Vending Machine Market Value, by Price, US$ Mn, 2017-2031

Figure 26: North America Reverse Vending Machine Market Volume, by Price, Thousand Units, 2017-2031

Figure 27: North America Reverse Vending Machine Market Incremental Opportunity, By Price, 2021-2031

Figure 28: North America Reverse Vending Machine Market Value, by Application, US$ Mn, 2017-2031

Figure 29: North America Reverse Vending Machine Market Volume, by Application, Thousand Units, 2017-2031

Figure 30: North America Reverse Vending Machine Market Incremental Opportunity, By Application, 2021-2031

Figure 31: North America Reverse Vending Machine Market Value, by Distribution Channel, US$ Mn, 2017-2031

Figure 32: North America Reverse Vending Machine Market Volume, by Distribution Channel, Thousand Units, 2017-2031

Figure 33: North America Reverse Vending Machine Market Incremental Opportunity, By Distribution Channel, 2021-2031

Figure 34: North America Reverse Vending Machine Market Value, by Country/Sub-Region, US$ Mn, 2017-2031

Figure 35: North America Reverse Vending Machine Market Volume, by Country/Sub-Region, Thousand Units, 2017-2031

Figure 36: North America Reverse Vending Machine Market Incremental Opportunity, by Country/Sub-Region, 2021-2031

Figure 37: Europe Reverse Vending Machine Market Value, by Product Type, US$ Mn, 2017-2031

Figure 38: Europe Reverse Vending Machine Market Volume, by Product Type, Thousand Units, 2017-2031

Figure 39: Europe Reverse Vending Machine Market Incremental Opportunity, By Product Type, 2021-2031

Figure 40: Europe Reverse Vending Machine Market Value, by Capacity, US$ Mn, 2017-2031

Figure 41: Europe Reverse Vending Machine Market Volume, by Capacity, Thousand Units, 2017-2031

Figure 42: Europe Reverse Vending Machine Market Incremental Opportunity, By Capacity, 2021-2031

Figure 43: Europe Reverse Vending Machine Market Value, by Price, US$ Mn, 2017-2031

Figure 44: Europe Reverse Vending Machine Market Volume, by Price, Thousand Units, 2017-2031

Figure 45: Europe Reverse Vending Machine Market Incremental Opportunity, By Price, 2021-2031

Figure 46: Europe Reverse Vending Machine Market Value, by Application, US$ Mn, 2017-2031

Figure 47: Europe Reverse Vending Machine Market Volume, by Application, Thousand Units, 2017-2031

Figure 48: Europe Reverse Vending Machine Market Incremental Opportunity, By Application, 2021-2031

Figure 49: Europe Reverse Vending Machine Market Value, by Distribution Channel, US$ Mn, 2017-2031

Figure 50: Europe Reverse Vending Machine Market Volume, by Distribution Channel, Thousand Units, 2017-2031

Figure 51: Europe Reverse Vending Machine Market Incremental Opportunity, By Distribution Channel, 2021-2031

Figure 52: Europe Reverse Vending Machine Market Value, by Country/Sub-Region, US$ Mn, 2017-2031

Figure 53: Europe Reverse Vending Machine Market Volume, by Country/Sub-Region, Thousand Units, 2017-2031

Figure 54: Europe Reverse Vending Machine Market Incremental Opportunity, by Country/Sub-Region, 2021-2031

Figure 55: Asia Pacific Reverse Vending Machine Market Value, by Product Type, US$ Mn, 2017-2031

Figure 56: Asia Pacific Reverse Vending Machine Market Volume, by Product Type, Thousand Units, 2017-2031

Figure 57: Asia Pacific Reverse Vending Machine Market Incremental Opportunity, By Product Type, 2021-2031

Figure 58: Asia Pacific Reverse Vending Machine Market Value, by Capacity, US$ Mn, 2017-2031

Figure 59: Asia Pacific Reverse Vending Machine Market Volume, by Capacity, Thousand Units, 2017-2031

Figure 60: Asia Pacific Reverse Vending Machine Market Incremental Opportunity, By Capacity, 2021-2031

Figure 61: Asia Pacific Reverse Vending Machine Market Value, by Price, US$ Mn, 2017-2031

Figure 62: Asia Pacific Reverse Vending Machine Market Volume, by Price, Thousand Units, 2017-2031

Figure 63: Asia Pacific Reverse Vending Machine Market Incremental Opportunity, By Price, 2021-2031

Figure 64: Asia Pacific Reverse Vending Machine Market Value, by Application, US$ Mn, 2017-2031

Figure 65: Asia Pacific Reverse Vending Machine Market Volume, by Application, Thousand Units, 2017-2031

Figure 66: Asia Pacific Reverse Vending Machine Market Incremental Opportunity, By Application, 2021-2031

Figure 67: Asia Pacific Reverse Vending Machine Market Value, by Distribution Channel, US$ Mn, 2017-2031

Figure 68: Asia Pacific Reverse Vending Machine Market Volume, by Distribution Channel, Thousand Units, 2017-2031

Figure 69: Asia Pacific Reverse Vending Machine Market Incremental Opportunity, By Distribution Channel, 2021-2031

Figure 70: Asia Pacific Reverse Vending Machine Market Value, by Country/Sub-Region, US$ Mn, 2017-2031

Figure 71: Asia Pacific Reverse Vending Machine Market Volume, by Country/Sub-Region, Thousand Units, 2017-2031

Figure 72: Asia Pacific Reverse Vending Machine Market Incremental Opportunity, by Country/Sub-Region, 2021-2031

Figure 73: Middle East & Africa Reverse Vending Machine Market Value, by Product Type, US$ Mn, 2017-2031

Figure 74: Middle East & Africa Reverse Vending Machine Market Volume, by Product Type, Thousand Units, 2017-2031

Figure 75: Middle East & Africa Reverse Vending Machine Market Incremental Opportunity, By Product Type, 2021-2031

Figure 76: Middle East & Africa Reverse Vending Machine Market Value, by Capacity, US$ Mn, 2017-2031

Figure 77: Middle East & Africa Reverse Vending Machine Market Volume, by Capacity, Thousand Units, 2017-2031

Figure 78: Middle East & Africa Reverse Vending Machine Market Incremental Opportunity, By Capacity, 2021-2031

Figure 79: Middle East & Africa Reverse Vending Machine Market Value, by Price, US$ Mn, 2017-2031

Figure 80: Middle East & Africa Reverse Vending Machine Market Volume, by Price, Thousand Units, 2017-2031

Figure 81: Middle East & Africa Reverse Vending Machine Market Incremental Opportunity, By Price, 2021-2031

Figure 82: Middle East & Africa Reverse Vending Machine Market Value, by Application, US$ Mn, 2017-2031

Figure 83: Middle East & Africa Reverse Vending Machine Market Volume, by Application, Thousand Units, 2017-2031

Figure 84: Middle East & Africa Reverse Vending Machine Market Incremental Opportunity, By Application, 2021-2031

Figure 85: Middle East & Africa Reverse Vending Machine Market Value, by Distribution Channel, US$ Mn, 2017-2031

Figure 86: Middle East & Africa Reverse Vending Machine Market Volume, by Distribution Channel, Thousand Units, 2017-2031

Figure 87: Middle East & Africa Reverse Vending Machine Market Incremental Opportunity, By Distribution Channel, 2021-2031

Figure 88: Middle East & Africa Reverse Vending Machine Market Value, by Country/Sub-Region, US$ Mn, 2017-2031

Figure 89: Middle East & Africa Reverse Vending Machine Market Volume, by Country/Sub-Region, Thousand Units, 2017-2031

Figure 90: Middle East & Africa Reverse Vending Machine Market Incremental Opportunity, by Country/Sub-Region, 2021-2031

Figure 91: South America Reverse Vending Machine Market Value, by Product Type, US$ Mn, 2017-2031

Figure 92: South America Reverse Vending Machine Market Volume, by Product Type, Thousand Units, 2017-2031

Figure 93: South America Reverse Vending Machine Market Incremental Opportunity, By Product Type, 2021-2031

Figure 94: South America Reverse Vending Machine Market Value, by Capacity, US$ Mn, 2017-2031

Figure 95: South America Reverse Vending Machine Market Volume, by Capacity, Thousand Units, 2017-2031

Figure 96: South America Reverse Vending Machine Market Incremental Opportunity, By Capacity, 2021-2031

Figure 97: South America Reverse Vending Machine Market Value, by Price, US$ Mn, 2017-2031

Figure 98: South America Reverse Vending Machine Market Volume, by Price, Thousand Units, 2017-2031

Figure 99: South America Reverse Vending Machine Market Incremental Opportunity, By Price, 2021-2031

Figure 100: South America Reverse Vending Machine Market Value, by Application, US$ Mn, 2017-2031

Figure 101: South America Reverse Vending Machine Market Volume, by Application, Thousand Units, 2017-2031

Figure 102: South America Reverse Vending Machine Market Incremental Opportunity, By Application, 2021-2031

Figure 103: South America Reverse Vending Machine Market Value, by Distribution Channel, US$ Mn, 2017-2031

Figure 104: South America Reverse Vending Machine Market Volume, by Distribution Channel, Thousand Units, 2017-2031

Figure 105: South America Reverse Vending Machine Market Incremental Opportunity, By Distribution Channel,2021-2031

Figure 106: South America Reverse Vending Machine Market Value, by Country/Sub-Region, US$ Mn, 2017-2031

Figure 107: South America Reverse Vending Machine Market Volume, by Country/Sub-Region, Thousand Units, 2017-2031

Figure 108: South America Reverse Vending Machine Market Incremental Opportunity, by Country/Sub-Region, 2021-2031

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Reverse vending machines

Reverse vending machines swap recyclable materials such as plastic bottles, glass bottles and aluminium cans for special offer vouchers.

What is a reverse vending machine?

Reverse vending machines, or RVMs, are highly efficient recycling machines that are used by the general public to deposit empty, single-use beverage containers in return for a pre-paid deposit or non-monetary reward – for example, vouchers, discounts, credit, or charity donations. Once the machines are full, the compacted bottles and cans are collected for onward recycling. They play an important role in regions that run Deposit Return Schemes (DRS). For retailers, convenience stores, and other shopping locations, you will likely, as part of a DRS, have responsibility for the recycling of plastic, aluminium, and sometimes glass that is put onto the market.

The introduction of DRS is expected to significantly increase recycling rates, reduce litter, and create a more circular economy for drinks containers. The scheme will place a small deposit on top of the price of a drink, which will be refunded to the consumer when they return the empty container to a designated collection point, such as a reverse vending machine. This financial incentive is proven to encourage more people to recycle, leading to less waste ending up in landfills or as litter in our environment. By participating in the DRS and installing RVMs, businesses can not only contribute to a cleaner, more sustainable future but also demonstrate their commitment to environmental responsibility to their customers.

Discover our full range of machines and what waste stream each model can assist with:

Reverse vending machines for can & plastic bottles

The RVM 100 is perfect for businesses that have multiple waste streams because the machine holds a capacity for aluminium cans and plastic bottles.

The RVM 200 is perfect for businesses that have multiple waste streams because the machine is able to sort and segregate aluminium cans and plastic bottles.

The RVM 400 range is perfect for businesses that have multiple waste streams because the machine holds a higher capacity of aluminium cans and plastic bottles.

Reverse vending machines for glass bottles

Our  reverse vending machines are designed to suit the needs of your business. The RVM 1000 is perfect for businesses that have a large quantity of glass drink bottles.

Perfect for large quantities of glass drinks bottles – visit to find out more about the range today.

The RVM 2000 is perfect for businesses that have multiple waste streams because the machine holds a capacity for aluminium cans, plastic bottles and glass bottles.

What are the benefits of a reverse vending machine?

Reverse vending machines have gained significant popularity in the last five years. Impressive levels of user engagement across Europe have led to up to 97% of beverage container recycling waste in some countries. The machines will accept empty aluminum cans, plastic, and glass bottles, and return a reward. 

Government Deposit Return Schemes (DRS) may vary with different rewards and/or rebates. Without DRS , discounts, promotions and special offers from participating businesses can all be offered including making charitable donations.

How do reverse vending machines work?

A highly efficient recycling machine that is used by the general public to deposit empty single-use beverage containers in return for a monetary or non-monetary reward. Once the machines are filled, the compacted bottles and cans are collected for onward recycling. RVMs provide a simple and effective solution to prevent beverage container waste from polluting our land and oceans.

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News and Insights

Uk deposit return scheme- return, recycle and reward, st george’s school install an ecovend machine, mrw national recycling awards finalists are announced….

• Machinery & Equipment

Region : Global | Format: PDF | Report ID: BRI101975 | SKU ID: 21625333

Reverse Vending Machine Market Size, Share, Growth, and Industry Growth, By Type (Non-Refillable Type, Refillable Type, and Multifunction Type), By Application (Supermarkets, Community, and Utilities), Regional Insights, and Forecast To 2031

• Request Sample PDF
• Get a Quote
• Table of Content
• Methodology
• Segmentation

Reverse Vending Machine Market REPORT OVERVIEW

• Request a Free Sample to learn more about this report

The global reverse vending machine market size was USD 287 million in 2022 and market is projected to touch USD 371.1 million by 2031, exhibiting a compound annual growth rate (CAGR) of 2.9% during the forecast period.

Automated recycling equipment is another name for the reverse vending machine. Customers can return empty food and drink containers to the vending machines to earn rewards like cash or refunds. An alternate, practical method of recycling bottle containers is provided by the machine. It is utilized in a variety of locations, including shopping centers, airports, municipalities, and metro stations. A rise in consumer expenditure on food and beverages, which in turn drives up the need for additional reverse vending to effectively collect waste, is what drives the global reverse vending machine market's expansion.

Substantial demand for various recycling solutions, including the vending machines, has been created by the alarming increase in the amount of untreated garbage. RVMs are used to dispose of waste and recover recycled materials more successfully. They also help make recycling and waste disposal more affordable. These devices use automated systems to collect and classify used containers, and in exchange, they offer cash incentives based on quantity. RVMs assist in promoting recycling, lowering landfill waste, reducing greenhouse gas emissions, and avoiding the use of virgin resources in the production of new goods. Numerous cutting-edge features, like a massive storage capacity, a UPC scanner, and a horizontal in-feed system, are present in these devices.

COVID-19 Impact: Change in Consumer Buying Behavior Hampered Growth

With lockdowns having an effect on the supply chain, the coronavirus pandemic has had a negative impact on the consumer goods business. The effects on food and beverage businesses are expected to be complicated, affecting supply and demand. The need for different consumer goods has increased as a result of a change in consumer behavior, however, and many customers have begun switching between brands. Manufacturers are simultaneously making decisions on how to address potential disruptions in the supply chain and determining how to enhance and satisfy consumer demand.

LATEST TRENDS

" Increasing Waste in Sectors to Surge the Market Growth "

The reverse vending machine market growth is anticipated to be backed by the growing amount of rubbish produced annually around the world. The market has benefited from growing environmental conservation and protection awareness. Additionally, rising government investment in downsizing and recycling plastic is forecasted to significantly fuel the reverse vending machine market growth. Numerous sectors have been drawn to use reverse vending machines owing to their capabilities. Due to the restricted number of landfills, an increasing amount of garbage has caused severe problems with disposal; consequently, recycling is crucial to efficiently manage waste. The existing manual recycling approach discourages users since they must gather the trash in large quantities.

Reverse Vending Machine Market Segmentation

• By Type Analysis

By type, the market is segmented into refillable type, non-refillable type, and multifunction type.

• By Application Analysis

Based on application, the market is classified into supermarkets, community, and utilities.

DRIVING FACTORS

" Expanding F&B Industry to Foster the Product Demand "

The demand for reverse vending machines to collect and dispose of waste is likely to expand due to the expansion of the food and beverage industries around the world, which is anticipated to result in a rise in The amount of waste produced by the population. The expansion of the food and beverages industry is predicted to surge growth in the market. Additionally, technological improvements in reverse vending machines, such as AI-powered machines and touch-screen panels, may also create attractive chances for the expansion of the global reverse

" Rising Need for Disposing of Waste Material to Surge Growth in the Market  "

Restricted number of landfills and rise in the amount of garbage causes serious problems with disposing of the bottles made of aluminum, glass, or plastics. Consequently, recycling is crucial to efficiently manage waste. The existing manual recycling approach discourages users since they must gather the trash in large quantities. Because of this, the reverse vending machine is utilized in a variety of applications to give customers a refund by recognizing the value of each container. The installation of new machines and the maintenance of existing ones are expected to drive the global reverse vending machine market growth. To encourage garbage reuse, reduction, and recycling, the government has established new legislation. It is projected that this will increase demand for the product, which is estimated to surge the reverse vending machine market growth. 

RESTRAINING FACTORS

" Fluctuating Price of Raw Material to Hamper Growth in the Market "

Reverse vending machine growth is expected to be constrained by fluctuating raw material prices and the high cost of this equipment. The fluctuations in the price of raw materials is restricting various companies from adopting the product, which may limit the growth of the market.

Reverse Vending Machine Market REGIONAL INSIGHTS

" Europe to Dominate the Market Due to Adoption of an Innovative Waste Recycling Approach  "

Europe is expected to hold about 80% of the reverse vending machine market share due to the innovation and development of resource cycling projects coupled with the rising demand for the product.

North America is forecasted to show significant growth in the global market owing to the steady adoption of self-service technology in the global market.

Asia Pacific is estimated to show sizable growth attributable to the higher product penetration in countries coupled with the rising population in emerging economies such as India, China, and Japan. 

KEY INDUSTRY PLAYERS

" Key Players Focusing on Innovative Technology Development to Grow in Market "

Operators are using a variety of tactics to increase profits, including being in the ideal location with the correct products, buying in bulk, investing in smart vending machines to learn more about their customers, and other methods. For instance, hot food and sandwich vending machines may do well in office settings, academic institutions, and schools. In contrast, hot beverages like coffee, tea, and hot chocolate are in high demand in most public places. Players in the industry compete fiercely with one another because some of them have large customer bases and operate in multiple locations.

List of Market Players Profiled

• Tomra (Norway)
• Diebold Nixdorf (U.S.)
• Sielaff (Germany)
• Incom recycle (China)
• Envipco (Netherlands)
• Trautwein SB Technik Gmbh (Germany)
• RVM Systems AS (Norway)
• Kansmacker (U.S.)

REPORT COVERAGE

An overview of the product is provided along with the product description. Numerous industry elements are included in the research. The market insights are prepared by utilizing large sample sizes for data-gathering modules. The study provides in-depth market insights. The stage includes gathering market data or related data using a variety of sources and tactics. It involves going over and organizing all the information gathered during the previous advance. It also covers the investigation of information discrepancies found across various information sources. Market statistical and coherent models are used to assess and estimate market data. 

Frequently Asked Questions

Based on our research, the reverse vending machine market is projected to touch USD 371.1 million by 2031.

The reverse vending machine market is expected to exhibit a CAGR of 2.9% by 2031.

By type, the reverse vending machine market is segmented into refillable type, non-refillable type, and multifunction type. Based on application, the market is classified into supermarkets, community, and utilities.

Expanding the F&B industry to foster product demand and the rising need for disposing of waste material to surge growth in the market are the factors driving the reverse vending machine market.

Tomra, Diebold Nixdorf, Sielaff, Incom recycle, Envipco, Trautwein SB Technik Gmbh, RVM Systems AS, and Kansmacker are the top companies operating in the reverse vending machine market.

Vending Machine Business Plan Guide + Example

July 6, 2023

Adam Hoeksema

Welcome to our definitive guide on crafting a robust vending machine business plan, complete with a real-world example to get your entrepreneurial gears turning! Vending machines are silent salespeople that work around the clock, presenting a lucrative business opportunity that often requires minimal upkeep.  In this blog post, we will explore the ins and outs of developing a comprehensive strategy, covering key considerations such as location analysis, product selection, and financial planning. 

After talking to customers who purchased our vending machine financial projection template , we realized that many customers also needed a business plan to be able to present to a potential funder, so I decided to take a deeper dive on the topic. 

Here is what I plan to cover in this article:

• Why write a business plan for a vending machine business?
• What to include in a vending machine business plan?
• Vending machine business plan outline

How to determine what type of vending machine to buy?

• How to find a good location for a vending machine?
• How to find a high foot traffic area for a vending machine?
• How to create financial projections for a vending machine?

Example Vending Machine Business Plan

Vending machine business plan faqs.

With that as a plan, let’s dive in!

Why write a business plan for a vending machine business? 

If there was ever a simple business that didn’t require a strategic business plan it would be a vending machine business right?  You just have to buy a machine, fill it with candy, place it in a high foot traffic location and watch the money roll in right?  What is there to plan?  

If that is your attitude I actually don’t think you are too terribly far off, BUT the real reason to write a business plan for a vending machine startup is because your potential investors or lenders have asked you for projections and a business plan.  If that is the case, then you really just have to get it done right?  

What to include in a vending machine business plan? 

I think a vending machine business plan can really be quite simple.  Below you will find the outline from our free vending machine business plan template . 

Vending Machine Business Plan Outline

• Executive Summary
• Company Description
• Market Analysis
• Marketing and Sales Strategy
• Operations and Management
• Financial Plan

There are at least 10 types of vending machines that you could choose from.  There is also the question of whether you should decide on a location first or decide on a type of vending machine first and then find the right location for that machine.  We are going to take a look at the process for finding the right machine to buy first.   

The best choice for you depends on your budget, target market, location, and your personal preferences. Here are some steps to guide you in making the right decision:

• Define Your Budget: The first step is to determine how much you're willing to invest in this business. Vending machines come in a range of prices, from a few hundred to several thousand dollars. Your budget will dictate whether you start with used or new machines, as well as the number and type of machines you can afford.
• Understand Your Target Market: Understanding your customers is key. Conduct a market research to find out what products are in high demand in your desired locations. Are you targeting office workers who'd appreciate a quick snack or drink? Students who might need stationery or school supplies? Understanding the needs and wants of your prospective customers will guide you on the type of vending machine to invest in.
• Analyze Location: The success of your vending machine business largely depends on where your machines are located. If you're planning to place your machine in a gym or health center, a vending machine selling healthy snacks or drinks would be ideal. For a location with lots of kids, a toy or candy machine could work well.
• Maintenance and Operation: Certain types of vending machines require more maintenance and restocking than others. Consider how much time and effort you can invest in the maintenance of your vending machines. Some machines, like those selling perishable goods, require more frequent restocking and cleaning.
• Supplier Relationships: Your choice might also depend on the suppliers you have access to. If you have a good relationship with a supplier of a certain product, it might be profitable to focus on that type of vending machine.
• Profitability: Lastly, analyze the profitability of each type of vending machine you're considering. Some machines may cost more but have a higher profit margin, while others may be cheaper but have lower returns. Look at both the initial cost of the machine and the potential ongoing income it can generate.

Now that we have decided on a type of machine, we need to find a good location.  

How to find a good location for a vending machine? 

The location of your vending machine plays a critical role in determining the success of your business. Here's a step-by-step guide on how to find a promising location:

• Identify High Traffic Areas: A good vending machine location is somewhere with high foot traffic. Look for places where people gather or pass by frequently. These could include shopping malls, office buildings, universities, airports, hotels, and busy street corners. However, remember that high traffic doesn't always mean high sales, as it depends on the needs and preferences of the people frequenting that area.
• Understand Your Target Market: Knowing who your target customer is will help you choose the right location. If you're targeting office workers, you might want to place your vending machines in or near commercial buildings. If students are your target market, universities and colleges would be ideal.
• Consider Location Compatibility: The type of products you plan to sell should align with the location. For instance, a vending machine selling protein bars and healthy drinks will likely perform well in or near gyms and health clubs. Likewise, a machine selling toys or school supplies might do well in a family-friendly mall or near a school.
• Research Existing Vending Machines: Analyze the performance of existing vending machines in potential locations. Are they doing well? If so, similar products might succeed in that location. But be cautious about placing a similar machine too close, as it might lead to fierce competition.
• Negotiate with Property Owners: Once you've found a potential spot, approach the property owner or manager to discuss installing your vending machine. Some might charge a flat fee, while others may ask for a percentage of the profits. Be ready to discuss why your vending machine would benefit their location, whether it's by providing a service to their customers or staff or offering them a share of the profits.
• Review Legal and Zoning Requirements: Be sure to understand any legal or zoning requirements for vending machines in your chosen location. Some cities may have restrictions on where machines can be placed, so you'll need to check this out in advance.

Finding the right location takes time, research, and sometimes a bit of trial and error. But with careful planning and consideration, you can find a location that's a great fit for your vending machine business.

How to find a high foot traffic area for a vending machine? 

It can be difficult to find potential high foot traffic areas for your vending machine.  We have a foot traffic report that will allow you to select an address and receive a foot traffic estimate for that specific location.  As an example, I looked up an office building that I used to work at and can see it has roughly 18,000 visitors per month.    

These reports can be incredibly helpful in identifying potential target locations for your first vending machine.  

How to Create Financial Projections for a Bar Business Plan

Just like in any industry, the vending machine business has its unique factors that impact financial projections, such as location selection, product assortment, and consumer foot traffic. Utilizing a vending machine financial projection template can simplify the process and boost your confidence. Creating accurate financial projections goes beyond showcasing your vending machine's ability to generate sales; it's about illustrating the financial path to profitability and the realization of your business goals. To develop precise projections, consider the following key steps:

• Estimate startup costs for your vending machine business, including machine acquisition or leasing, product inventory, installation, permits, and initial marketing efforts.
• Forecast revenue based on projected sales volume, product pricing, average transaction value, and anticipated foot traffic or demand in chosen locations.
• Project costs related to product sourcing, machine maintenance and repair, and restocking expenses.
• Estimate operating expenses like machine rental or location fees, utilities, insurance premiums, marketing, and administrative costs.
• Calculate the capital needed to launch and sustain your vending machine business, covering initial expenses and providing working capital for continued growth and operations.

While financial projections are a critical component of your vending machine business plan, seek guidance from experienced professionals in the industry. Adapt your projections based on real-world insights, leverage industry resources, and stay informed about market trends, consumer preferences, and emerging vending technologies to ensure your financial plan aligns with your goals and positions your business for long-term success.

Below, you will discover the content of our vending machine business plan. For your convenience, you can access and edit this vending machine business plan template in Google Doc format by downloading it from this link. Additionally, we have provided a helpful video walkthrough to guide you in customizing the business plan to suit your unique vending machine concept.

Table of Contents

1. executive summary.

1.1 Organization Overview

1.2. Objectives

1.3. Mission Statement

2. Organization Description

2.1. Organization History

2.2. Legal Structure

2.3. Unique Value Proposition

2.4. Target Beneficiaries

3. Market Analysis

3.1. industry overview.

3.2. Collaborator and Competitor Identification

3.3. Target Beneficiaries

Key Point  1

4. Marketing and Fundraising

4.1. Strategic Plan

4.2. Program or Service Offerings:

4.4. Distribution Channels

4.5. Promotions and Fundraising

Key Point  2

5. Organizational Structure and Management

5.1. Organization’s Facility & Location

5.2. Staffing Plan and Volunteer Management

5.3. Governance, Financial Management, and Accountability

Key Point  3

6. financial plan.

6.1. Startup Costs

6.3. Expense Projections

6.4. profit and loss statement, 6.5. cash flow projections, 6.6. break-even analysis, 7. appendix.

7.1. Supporting Documents

7.2. Glossary of Term

7.3. References and Resources

Key Point  5

 1.1. company overview.

Briefly introduce the company's background, products or services, and target market.

      -  Example: FitFuel is a leading provider of convenient and nutritious snack options in Nashville, Tennessee. Our vending machines offer a wide range of healthier alternatives, including granola bars, nuts, dried fruits, and low-sugar beverages, to individuals seeking wholesome and satisfying on-the-go snacks.

   1.2. Objectives

Outlines the company's short-term and long-term goals.

        - Example: Establish a strong presence in key locations throughout Nashville, securing partnerships with high-traffic areas like office buildings, gyms, schools, and community centers.

    - Example: Long-term: Expand operations to neighboring cities and regions, introducing FitFuel  as a recognized and trusted brand in the healthy snacking industry

  1.3. Mission Statement

 Describes the company's purpose and core values.

        - Example: At FitFuel, our mission is to make nutritious snacks easily accessible to individuals in Nashville, empowering them to make healthier choices in their busy lives. We are committed to promoting wellness, providing exceptional customer experiences, and supporting our local community's health and well-being.

  1.4. Keys to Success

Highlights the factors that will contribute to the company's growth and success.

        - Example:  Our success hinges on offering a diverse range of high-quality, healthier snacks to accommodate diverse dietary needs, strategically placing vending machines in high-traffic areas for maximum convenience.

2. Company Description

   2.1. company history.

Provides context on the company's background and founding story.

        - Example: FitFuel was founded by Jo McClain, an entrepreneur passionate about promoting healthy snacking options. Inspired by personal wellness journeys, Jo established FitFuel in Nashville, Tennessee, to offer a range of nutritious snacks to health-conscious individuals seeking convenient and nourishing choices.

   2.2. Legal Structure

 Describes the company's legal structure (e.g., sole proprietorship, partnership, LLC, corporation).

        - Example: FitFuel operates as a sole proprietorship, with Jo McClain as the owner and responsible for the business's operations and management.

 2.3. Unique Selling Proposition

  Emphasizes the company's competitive advantage or unique offerings.

        - Example: FitFuel sets itself apart by providing a diverse selection of high-quality, healthier snack options that cater to various dietary needs and preferences. With an emphasis on granola bars, nuts, dried fruits, and low-sugar beverages, FitFuel offers a convenient and satisfying snacking experience that supports a healthy lifestyle.

  2.4. Target Market

Defines the company's ideal customer base.

        - Example: FitFuel caters to busy professionals, fitness enthusiasts, students, and anyone seeking wholesome on-the-go snacking options that align with their dietary goals.

  Presents a general overview of the industry, its trends, and growth potential.

        - Example: The healthy vending machine industry is experiencing significant growth, driven by the increasing demand for healthier snack options and a growing emphasis on wellness and nutrition. 

3.2. Competitor Analysis

 Evaluates the company's direct and indirect competitors, as well as their strengths and weaknesses.

        - Example: Direct competitors: Nourish-N-Go: Known for their wide variety of organic and gluten-free snacks, Nourish-N-Go has established a strong presence in the healthy vending machine market.

        - Example: Indirect competitors: Traditional Vending Machines: While not solely focused on healthy snacks, traditional vending machines still pose a competitive challenge by offering a broader range of convenience snacks.

3.3. Target Market Analysis

Explores the company's target customers, demographics, preferences, and pain points.

        - Example: FitFuel's target market comprises health-conscious individuals in Nashville, Tennessee, who prioritize nutritious snacking options. This includes fitness enthusiasts, working professionals, students, and individuals actively seeking healthier alternatives. 

3.4. Market Opportunities

Identifies potential opportunities for the company to grow within the market.

        - Example: FitFuel has several growth opportunities in the healthy vending machine market, including expanding into high-traffic locations, partnering with local health and wellness initiatives, leveraging technology for personalized recommendations, and establishing strategic alliances with local snack manufacturers and suppliers.

• Example 1: Conduct a survey or order a market research report of potential locations to determine the foot traffic and identify high-traffic areas for placing FitFuel vending machines. (e.g., Location A records 500 people passing by every hour during lunchtime, indicating a prime spot for a vending machine)
• Example 2: Contacting every gym in the area to determine if they have or would be open to having one of our vending machines. Compile that list.
• Example 3:  Analyze the demand for healthier snack options in the target market by surveying employees in office buildings and educational institutions. (e.g., 80% of surveyed employees express a preference for healthier snacks and beverages in vending machines)

4. Marketing and Sales Strategy

4.1. product or service offerings: .

Describes the company's products or services in detail.

        - Example: FitFuel offers a diverse range of healthy snack options, including granola bars, nuts, dried fruits, and low-sugar beverages. Our products are carefully selected to cater to various dietary needs and preferences, providing customers with convenient and nutritious on-the-go options

4.2. Pricing Strategy

 Outlines the company's approach to pricing its products or services.

        - Example: FitFuel adopts a competitive pricing strategy that reflects the value and quality of our healthier snack offerings. Our pricing is designed to be affordable and accessible to a wide range of customers, encouraging regular purchases and promoting healthier snacking habits.

4.3. Sales Strategy

  Explains how the company plans to generate sales and build customer relationships.

        - Example: FitFuel's sales strategy focuses on establishing strong partnerships with local businesses, gyms, and wellness initiatives to expand our customer reach. Additionally, we prioritize customer satisfaction by maintaining a well-stocked inventory of fresh and enticing snack options.

 Describes the methods through which the company will deliver its products or services to customers.

        - Example: In addition to placing our vending machines in high-traffic areas such as office buildings, gyms, and educational institutions, we also partner with local retailers and wellness centers to make our products easily accessible to a broader audience.

4.5. Promotions and Advertising

 Details the company's promotional efforts and advertising strategies.

        - Example: FitFuel employs a targeted marketing approach that includes social media campaigns, and collaborations with influencers in the health and wellness space. We also implement promotional offers, and strategic partnerships to incentivize customer engagement and attract new clientele to our healthier snack options.

• Example 1:  Partner with local fitness centers, gyms, and wellness events to offer promotional discounts on FitFuel vending machine products, attracting health-conscious customers. (e.g., 200 customers redeem promotional discounts within the first month)
• Example 2:  Create a list of local gyms that have agreed or opted into housing one of our vending machines.
• Example 3: Perform a pilot test at a few gyms by selling or giving away the snacks and drinks at a display using the honor system or manning the booth yourself and take note of gym member feedback on the snacks themselves and if they’d like to have a vending machine on site

5. Operations and Management

5.1. vending machine placement:.

Involves identifying suitable locations and securing contracts for the strategic placement of vending machines 

        - Example: FitFuel will strategically acquire and place vending machines in high-traffic areas such as office buildings, gyms, universities, and shopping centers. We will negotiate agreements with property owners to secure prime locations that offer maximum visibility and convenience for our target customers.

5.2. Inventory Management and Restocking:

  Refers to the systems used to monitor and replenish product inventory

        - Example: FitFuel will utilize an advanced inventory management system that tracks product levels in real-time and generates automated alerts for restocking. We will establish strong partnerships with trusted suppliers to ensure a consistent supply of high-quality, healthier snack options.

5.3. Maintenance and Service:

Highlights inspections, repairs, and cleaning to maintain vending machine functionality

        - Example: FitFuel will prioritize the maintenance and upkeep of our vending machines to ensure uninterrupted service. We will implement a proactive maintenance schedule, conducting regular inspections and cleaning to maintain cleanliness and functionality.

• Example: The FitFuel's founding team, led by Jo McClain comprises nutritionists, health professionals, and business experts who collectively possess extensive knowledge of the vending machine industry, nutrition, and customer preferences. This expertise enables FitFuel to curate and offer the most suitable and appealing healthy snack options for its customers.

5.4. Technology Integration and Data Analysis:

Describe the technology and systems that will be utilized to streamline operations and enhance efficiency.

        - Example:  FitFuel will integrate cutting-edge technology into our vending machines, offering cashless payment options, touch-screen interfaces, and remote monitoring capabilities. This will enhance the customer experience and provide valuable insights into machine performance and product popularity.

All of the unique Vending Machine projections you see here were generated using ProjectionHub’s Vending Machine Financial Projection Template . Use PH20BP to enjoy a 20% discount on the template. 

   6.1. Startup Costs

 Provide a detailed breakdown of the total startup costs requirements, and where you plan for those funds to come from. You will also want to break down how the startup costs will be used including working capital to cover losses before the business breaks even.

        - Example: Creating a solid financial plan is crucial, and we are taking the necessary steps to ensure the success of FitFuel. We have already raised $75,000 through a personal investment from the owner and we are working with a financial institution to secure a business loan of around $50,000 to $100,000 for working capital and to purchase a truck. By combining these funding sources, we are confident in our ability to meet the startup cost requirements and establish a strong foundation for FitFuel.

6.2. Revenue Projections

Provides an estimate of the company's future revenue based on market research and assumptions.

        - Example:  FitFuel projects $500,000+ in revenue in year 3 and break –even during year 2. The company anticipates steady growth in revenue over the initial five-year period.

 Estimates the company's future expenses, including fixed and variable costs.

        - Example: FitFuels expenses include property lease, accounting, advertising, maintenance, utilities, and fuel costs.

Summarizes the company's revenue, expenses, and net income over a specific period.

        - Example: FitFuel  expects to achieve profitability within the first two years of operation.

 Outlines the company's projected cash inflows and outflows.

        - Example: FitFuel’s cash flow projections account for seasonal fluctuations in sales and expenses.

  Determines the point at which the company's revenue equals its expenses.

        - Example: FitFuel anticipates reaching its break-even point early in year 2 of operation.

Watch how to create financial projections for your Vending Machine Business

Key Point  4 

• Example 1: Research industry benchmarks for vending machine businesses to estimate projected revenues, expenses, and profit margins. (e.g., The average annual revenue per vending machine in the industry is $10,000, aligning with FitFuel's projected revenue)
• Example 2: Consider factors such as machine maintenance costs, product spoilage, and product demand fluctuations to create a comprehensive financial projection. (e.g., Accounting for a 10% annual maintenance cost and a 5% spoilage rate in the financial projections)

   7.1. Supporting Documents

 Includes any relevant documentation that supports the information presented in the business plan, such as resumes, financial projections, market research data, and permits or licenses.

   7.2. Glossary of Term

 Provides definitions for industry-specific terms used throughout the business plan to ensure reader comprehension.

   7.3. References and Resources

Lists any sources or resources referenced during the preparation of the business plan, including industry reports, market research data, and relevant publications.

• Example: As the owner and entrepreneur behind FitFuel, Jo McClain has invested a significant amount of personal capital into the business, demonstrating a strong commitment and dedication to its success. By leveraging personal resources and assuming financial risk, Jo showcases a vested interest in the growth and profitability of FitFuel.

How do I start a vending machine business?

To start a vending machine business, identify profitable locations, choose the right vending machine types and products, secure necessary permits and licenses, find reliable suppliers, establish agreements with location owners, monitor inventory and sales, and market your vending business.

What types of products can I sell in vending machines?

Vending machines can sell a variety of products depending on the target market and location. Options can include snacks, beverages (soda, coffee), healthy food options, convenience items, personal care products, electronics, or even specialized products like toys or pet supplies.

How can I find suitable locations for my vending machines?

Finding suitable locations for vending machines involves identifying high-traffic areas such as office buildings, schools, hospitals, shopping centers, and recreational areas. Consider approaching location owners or working with vending machine placement companies to secure locations.

How can I optimize sales and profits in my vending machine business?

To optimize sales and profits, ensure your vending machines are well-stocked and regularly serviced, regularly analyze sales data to understand popular products and adjust inventory accordingly, price products competitively, consider upselling or cross-selling strategies, and provide excellent customer service.

What are the maintenance requirements for vending machines?

Vending machines require regular maintenance, including restocking products, cleaning and sanitizing, performing routine maintenance on the machine's mechanisms, troubleshooting and repairing any malfunctions, and ensuring proper cash handling and accounting procedures.

About the Author

Adam is the Co-founder of ProjectionHub which helps entrepreneurs create financial projections for potential investors, lenders and internal business planning. Since 2012, over 50,000 entrepreneurs from around the world have used ProjectionHub to help create financial projections.

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Vending Machine Business Plan Template

Written by Dave Lavinsky

Vending Machine Business Plan

You’ve come to the right place to create your vending machine business plan.

We have helped over 10,000 entrepreneurs and business owners create business plans and many have used them to start or grow their vending machine companies.

Below is a template to help you create each section of your Vending Machine business plan.

Executive Summary

Business overview.

Healthy Snacks Vending is a startup vending machine company based in the city of Buckeye, Arizona, a growing Phoenix suburb. The company is founded by Chris Garcia, a recent University of Arizona graduate with a Bachelor’s degree in Marketing and Sales. Now that Chris has obtained his degree, he is equipped with the skills and know-how to start his new company, Healthy Snacks Vending. Chris is confident that his ability to effectively communicate the value of his company and network with proprietors will ensure his new vending machine business will be a profitable venture. 

As its name implies, Healthy Snacks Vending will stock healthy options in its vending machines. Chris will target several proprietors in a new commercial development that has just been built in a growing area of town. New developments include an array of corporate offices, a high school, a hospital, and several retail establishments. 

Product Offering

The following are some of the healthy snack products that Healthy Snacks Vending will carry:

• Bottled Water
• Fruit Juice
• Fresh Fruit 
• Granola Bars
• Cereal Bars
• Nuts and Seeds

Customer Focus

Healthy Snacks Vending will target all proprietors in the new Buckeye commercial development. It will target the owners of the commercial buildings as well as the school and the hospital. Healthy Snacks Vending’s end-users will be people in the area looking for a healthy alternative to traditional vending machine options (e.g., soda, candy, and chips).

Management Team

Healthy Snacks Vending will be owned and operated by Chris Garcia. Chris is a University of Arizona graduate with a Bachelor’s degree in Marketing and Sales. Chris has most recently been working as a manager in a local convenience store while pursuing his degree. He has over ten years of experience in the retail industry, working his way up from a sales associate to manager in the first two years. Chris is confident that his skills in management, communications, marketing, and sales will help him establish himself as a successful vending machine owner/operator. Chris will handle all marketing and sales for the company as well as manage the relationships and contracts with business proprietors, source and purchase the vending machines, and continually seek out opportunities for new locations to place vending machines. 

Chris has recruited fellow University of Arizona graduate, Stephen Smith, to manage the vending machine inventory. Stephen has a Bachelor’s degree in Business Administration and is skilled in purchasing, budgeting, and controlling inventory. Chris relies on Stephen’s ability to source the most cost effective healthy snack products as well as his ability to ensure there is the right amount and mix of products available to ensure profitability. 

Success Factors

Healthy Snacks Vending will be able to achieve success by offering the following competitive advantages:

• First-mover advantage in this new Buckeye development. There are currently no other vending machines in or near these recently built establishments. 
• Healthy snack options will be offered, giving people a healthier option over typical vending machine snacks. 
• Healthy Snacks Vending is investing in new vending machines that will take multiple forms of payment including credit cards, debit cards, and contactless payment options to give people more flexibility in the way they can pay. 

Financial Highlights

Healthy Snacks Vending is seeking $100,000 in debt financing to launch its vending machine    business. The funding will be dedicated towards purchasing the initial vending machines and inventory. Funding will also be dedicated towards three months of overhead costs to include payroll, sales, and marketing costs. The breakout of the funding is below:

• Vending machines: $50,000
• Inventory:  $10,000
• Three months of overhead expenses (payroll, sales, and marketing):  $30,000
• Working capital:  $10,000

Company Overview

Who is healthy snacks vending .

Healthy Snacks Vending is a startup vending machine company based in the city of Buckeye, Arizona. The company is founded by Chris Garcia, a recent University of Arizona graduate with a Bachelor’s degree in Marketing and Sales. Chris is confident that his ability to effectively communicate the value of his company and network with proprietors will ensure his new vending machine business will be a profitable venture. 

Healthy Snacks Vending will stock healthy options in its vending machines. Chris will target all proprietors in a new commercial development that has just been built in a growing area of town. New establishments include an array of corporate offices, a high school, a hospital, and several retail stores. 

Healthy Snacks Vending History

Healthy Snacks Vending is a new vending machines business that will be owned and operated by Chris Garcia. Chris is a University of Arizona graduate with a Bachelor’s degree in Marketing and Sales. Chris has most recently been working as a manager in a local convenience store while pursuing his degree. He has over ten years of experience in the retail industry, working his way up from a sales associate to manager in the first two years. Chris is confident that his skills in management, communications, marketing, and sales will help him establish himself as a successful vending machine owner/operator. 

Since incorporation, Healthy Snacks Vending has achieved the following milestones:

• Registered Healthy Snacks Vending, LLC to transact business in the state of Arizona. 
• Reached out to multiple proprietors in the area to initiate the process of negotiating contracts to put vending machines in their buildings. 
• Has secured contracts with two proprietors. 
• Recruited Stephen Smith to be the Inventory Manager and Kim Miller to be the Accountant. 

Healthy Snacks Vending Services

The following are some of the healthy snacks that Healthy Snacks Vending will provide:

Industry Analysis

The U.S. Vending Machine Operators industry is a $8.9B market in 2022 and is expected to increase by 3.5% this year. Rising per capita disposable income and increased consumer spending have helped drive industry growth. 

The primary challenge for industry operators is high competition. If there are multiple vending machines in a small area, a company’s ability to differentiate its products, pricing, or payment options will be the key to success. 

Changes in consumer behavior have posed a challenge for many industry operators. A growing number of consumers are seeking healthier snack choices. For this reason, vending machines that offer junk food items are seeing less revenue than those offering healthy alternatives. Additionally, less consumers are carrying cash, while a growing number prefer contactless payment options. New vending machines that take card and contactless forms of payment are likely to bring in more revenue for industry operators than cash-based machines. 

Customer Analysis

Demographic profile of target market.

Healthy Snacks Vending will target proprietors in a new commercial development that has just been built in Buckeye, Arizona. Establishments in the area include an array of corporate offices, a high school, a hospital, and several retail stores. 

Healthy Snacks Vending’s end-users will be people in the area looking for a healthy alternative to traditional vending machine options (e.g., soda, candy, and chips).

The precise demographics for Buckeye, Arizona are:

Customer Segmentation

Healthy Snacks Vending will primarily target the following customer profiles:

• Proprietors of businesses in the area
• Staff and visitors of corporate offices, the hospital, and retail establishments
• Students, teachers, and administration staff at the school

Competitive Analysis

Direct and indirect competitors.

Healthy Snacks Vending will face competition from other companies with similar business profiles. A description of each competitor company is below.

Snack Food Vending, LLC

Snack Food Vending, LLC is an established vending machine company that operates in Phoenix, Arizona and surrounding areas. Snack Food Vending, LLC provides a wide variety of snack options in vending machines throughout the region. Most of Snack Food Vending, LLC’s vending machines are located in busy retail locations, schools, and hotels. This vending machine company stocks traditional snacks and healthy snacks. Snacks include soda, water, candy, chips, apples, granola bars, gum, tea, fruit cups, and energy drinks. Most of Snack Food Vending, LLC’s machines have been in service for several years and are cash-based machines. 

SNACKS! Vending 

SNACKS! Vending is a Phoenix-based vending machine company that stocks healthy snack food options including applesauce, sandwiches, tea, water, crackers, and fresh fruit. SNACKS! Vending machines are primarily placed in areas around downtown Phoenix including hospitals, office parks, and shopping malls. SNACKS! Vending has established itself as the reliable source for healthy snack options in the city. 

Healthy Eating Vending Machine Co. 

Healthy Eating Vending Machines Co. offers a wide variety of healthy snacks for patrons on-the-go. Snacks include fresh fruit and vegetables, salads, sandwiches, juice, tea, water, and sunflower seeds. Healthy Eating Vending Machine Co. is a fairly new establishment with just a handful of machines placed in a few commercial locations in Buckeye, Arizona. This vending machine company offers premium healthy snacks at relatively higher prices than competitors. 

Competitive Advantage

Healthy Snacks Vending will be able to offer the following advantages over its competition:

• All Healthy Snack Vending machines will be the newest models, with multiple payment options including credit, debit, and contactless payment choices. 
• Healthy Snack Vending will offer patrons a wide range of affordable, healthy alternatives to traditional junk food available in most vending machines. 
• Healthy Snacks Vending will target all proprietors in the new commercial development in Buckeye, Arizona enabling the company to have the first vending machines placed in these buildings. 

Marketing Plan

Brand & value proposition.

Healthy Snacks Vending will offer the unique value proposition to its customers:

• The only vending machines offering affordable, healthy snacks in the area. 
• Multiple forms of payment accepted including credit, debit, and contactless pay for flexibility in payment options. 
• Moderate pricing that is on par or slightly less than the competition. 

Promotions Strategy 

The promotions strategy for Healthy Snacks Vending is as follows:

Word of Mouth/Referrals

Chris Garcia will leverage his effective communication and word of mouth marketing skills to create interest among local proprietors to get his vending machines placed in their buildings. He has already obtained commitments from two such proprietors who will spread the word to others. 

Professional Associations and Networking

Healthy Snacks Vending will become a member of the local vending association and participate in industry events to network and build relationships with other industry professionals in the area. 

Print Advertising

Healthy Snacks Vending will invest in professionally designed print ads to display in local magazines, newspapers, and direct mailers targeting local business owners that could benefit from putting a vending machine with healthy snacks in their establishments. 

Website/Social Media Marketing

Healthy Snacks Vending will create and maintain an informative website that will list the products that Healthy Snacks Vending is able to provide and the locations of its vending machines. The website will also list their contact information for proprietors that may be interested in putting a Healthy Snacks Vending machine in their establishment. 

In addition to the website, Healthy Snacks Vending will maintain an active social media presence on multiple channels including Facebook, Instagram, Twitter, YouTube, and TikTok to promote its business. 

The pricing of Healthy Snacks Vending will be moderate and on par or slightly below that of competitors to ensure Healthy Snacks Vending won’t be overlooked as being too expensive if other vending machine operators place their machines nearby.  

Operations Plan

The following will be the operations plan for Healthy Snacks Vending.

Operation Functions:

• Chris Garcia will be the Owner and Marketing Director of the company. He will oversee all marketing and sales efforts as well as manage all contracts and client relations. Chris has spent the past year recruiting the following staff:
• Stephen Smith – Inventory Manager who will source, purchase, and stock all vending machine inventory. 
• Kim Miller – Accountant/Bookkeeper who will provide all client accounting, tax payments, and monthly financial reporting for the company. 

Milestones:

Healthy Snacks Vending will have the following milestones complete in the next six months.

7/1/2022 – Finalize contracts with two initial proprietors to place vending machines in their establishments. 

7/15/2022 – Finalize personnel employment contracts for Stephen and Kim. 

8/1/2022 – Purchase initial vending machines for the first two locations. 

8/15/2022 – Install vending machines in the first two locations. 

8/22/2022 – Source products and stock the vending machines. 

Healthy Snacks Vending will be owned and operated by Chris Garcia. Chris is a University of Arizona graduate with a Bachelor’s degree in Marketing and Sales. Chris has most recently been working as a manager in a local convenience store while pursuing his degree. He has over ten years of experience in the retail industry, working his way up from a sales associate to manager in the first two years. Chris is confident that his skills in management, communications, marketing, and sales will help him establish himself as a successful vending machine owner/operator. Chris will handle all marketing and sales for the company as well as manage the relationships and contracts with business proprietors, source and purchase the vending machines, and continually seek out opportunities for new locations for his vending machines. 

Chris has recruited fellow University of Arizona graduate, Stephen Smith, to manage the vending machine inventory. Stephen has a Bachelor’s degree in business administration and is skilled in sourcing and budgeting. Chris relies on Stephen’s ability to source the most cost effective healthy snack products and ensure there is the right amount and mix of products available to increase profitability.

Financial Plan

Key revenue & costs.

The revenue driver for Healthy Snacks Vending is the payment received for each product purchased from one of its vending machines. Prices will range from $1.00-$5.00 per healthy snack item. 

The cost drivers will be the fees paid to proprietors. Each proprietor contract will have its own fee schedule. However, in general, Healthy Snacks Vending will pay between 5%-15% of its revenue per vending machine to the proprietor. The expenses will be the payroll cost, vending machine maintenance cost, and marketing materials.

Funding Requirements and Use of Funds

• Inventory: $10,000
• Three months of overhead expenses (payroll, sales, and marketing): $30,000
• Working capital: $10,000

Key Assumptions

The following outlines the key assumptions required in order to achieve the revenue and cost numbers in the financials and in order to pay off the startup business loan.

• Number of Vending Machines in Operation: 10
• Total Average Revenue from All Machines Per Month: $5,000
• Average Fees Paid to Proprietors Per Year: $6,000

Financial Projections

Income statement, balance sheet, cash flow statement, vending machine business plan faqs, what is a vending machine business plan.

A vending machine business plan is a plan to start and/or grow your vending machine business. Among other things, it outlines your business concept, identifies your target customers, presents your marketing plan and details your financial projections.

You can  easily complete your vending machine business plan using our Vending Machine Business Plan Template here .

What are the Main Types of Vending Machines Businesses?

There are a number of different kinds of vending machines, some examples include: Candy Vending Machines, Snack Vending Machines, Ice Cream Vending Machines, Beverage Vending Machines, Coffee Vending Machines, Specialty Vending Machines, Custom Vending Machines, and Bulk Vending Machines.

Other vending machine businesses include beauty, video game, water, beer and other unique items.

How Do You Get Funding for Your Vending Machine Business Plan?

Vending Machines are often funded through small business loans. Personal savings, credit card financing and angel investors are also popular forms of funding.

A well crafted vending machine business plan is essential for securing funding from any type of potential investor.

What are the Steps To Start a Vending Machine Business?

Starting a vending machine business can be an exciting endeavor. Having a clear roadmap of the steps to start a business will help you stay focused on your goals and get started faster.

1. Write A Vending Machine Business Plan – The first step in starting a business is to create a detailed vending machine business plan that outlines all aspects of the venture. This should include market research on the vending machine industry and potential target market size, information on the services and/or products you will offer, marketing strategies, pricing details and a solid financial forecast.  

2. Choose Your Legal Structure – It’s important to select an appropriate legal entity for your vending machine business. This could be a limited liability company (LLC), corporation, partnership, or sole proprietorship. Each type has its own benefits and drawbacks so it’s important to do research and choose wisely so that your vending machine business is in compliance with local laws.

3. Register Your Vending Machine Business – Once you have chosen a legal structure, the next step is to register your vending machine business with the government or state where you’re operating from. This includes obtaining licenses and permits as required by federal, state, and local laws. 

4. Identify Financing Options – It’s likely that you’ll need some capital to start your vending machine business, so take some time to identify what financing options are available such as bank loans, investor funding, grants, or crowdfunding platforms. 

5. Choose a Location – Whether you plan on operating out of a physical location or not, you should always have an idea of where you’ll be based should it become necessary in the future as well as what kind of space would be suitable for your operations. 

6. Hire Employees – There are several ways to find qualified employees including job boards like LinkedIn or Indeed as well as hiring agencies if needed – depending on what type of employees you need it might also be more effective to reach out directly through networking events. 

7. Acquire Necessary Vending Machine Equipment & Supplies – In order to start your vending machine business, you’ll need to purchase all of the necessary equipment and supplies to run a successful operation. 

8. Market & Promote Your Business – Once you have all the necessary pieces in place, it’s time to start promoting and marketing your vending machine business. This includes creating a website, utilizing social media platforms like Facebook or Twitter, and having an effective Search Engine Optimization (SEO) strategy. You should also consider traditional marketing techniques such as radio or print advertising. 

Learn more about how to start a vending machine business:

• How to Start a Vending Machine Business

Where can I get a Vending Machine Business Plan PDF?

You can download our example vending machine business plan PDF here. This is a business plan template you can use in PDF format.

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Home » Sample Business Plans » Wholesale & Retail

A Sample Vending Machine Business Plan Template

Are you about starting a vending machine business like breathalyzer & reverse coffee? If YES, here’s a complete sample vending machine business plan template & feasibility report you can use for FREE . Consumers mostly settle for convenience in their purchases, this means that rather than walk to a retail store for a snack, they would prefer to use a vending machine.

This is especially why most vending machine operators are constantly coming up with niche ideas that would be of convenience to the consumer, while making the operator money in the process.

What is a Vending Machine?

Simply put; a vending machine business is a retail business that does not require face to face interaction with customers, and can be run for 24 hours a day depending on the location. A vending machine dispenses items such as beverages, snacks, lottery tickets, alcohol, cigarettes, perfumes, toys, candy and so much more.

There are very strict laws regarding the sale of alcohol and cigarettes through vending machines due to concerns regarding underage buyers. In the uk for instance; cigarette vending machines have been banned, and in Japan, Germany and Italy, age verifications have been made mandatory.

What It Takes to Own a Vending Machine Business?

Anyone can possibly start a vending machine business; it isn’t financially tasking to start, as you can purchase a used vending machine even that of a popular brand at a cheap price, and still get the most out of it. The vending machine business doesn’t require any expertise or know-how, and any serious minded entrepreneur is likely to make good profit out of this business.

As a result, for those who own one or few vending machines within the same locality, operating cost will be at a minimal. This means that the owner of a few or even one vending machine can compete with those that have several vending machines in different locations.

The leverage in the vending machine business for any competitor is in strategically placing the vending machine at a location that has the right amount of traffic, as well as ensuring that the vending machine has the right product for the traffic. Starting a vending machine business also requires that you have a business plan in place.

1. Industry Overview

The vending machine business without a doubt has come to stay. This is because of the various ways through which people can be served. According to a market research report on Vending Machine Operators, the industry has revenue of $8 billion to $20 billion, and has an annual growth of 0.7%.

The number of operators in the business were 24,110; with 65,137 people being employed. According to the united states Bureau of Labor Statistics, 70.5% of industry establishments consisting of sole operators, partnerships, small businesses and medium-sized companies employ less than 5 workers. These statistics covers small, medium and large scale operators and franchises.

Those operators who are into generic snack and soda vending machines, have seen their revenue decrease even though beverages and snacks still lead in the vending machine industry, because customers have changed consuming priorities to wanting healthier snacks and products.

An industry survey reports that 83% of vending operators have request from customers requiring healthier products. This customer consuming change will keep the industry from growing as it should, and expanding aggressively.

The vending machine operators in the United States in 2015 have been characterized by a moderate level of market share, with three top operators taking 46% of the market share. Small sized operators on the other hand with a revenue range of under $1million, make up 51% of the industry’s total operations.

According to the National Automatic Merchandising Association (NAMA), only 18% of vending machine operators make between $1 million and $5 million yearly. This is as costs of operation have continued to rise, and the operating environment is more favorable to small and large vending operators, while the medium-sized operators with $5 million to $10 million in sales have lost more of their market share.

In other countries such as Hong Kong, Vending machines were introduced due to high labor cost and limited space, with majority of the machines being stocked with drinks or snacks. Niche ideas have been for mobile phones and camera, umbrellas, and so on.

It is interesting to note that more retail shops especially lager retail outlets have started to include vending services as part of their business offerings. It creates conveniences that appeal to consumers; the average customer would not want to stay longer on queue in a retail shop buying or paying for good purchased.

Majorly the similarity across operators of the vending machine industry is the machine itself, regardless of the peculiar product the machine will dispense. This means that the niche services that will be offered by the machine, depends on the owner of the machines. This is of importance in this trade, especially as it is an industry that is limited only by the ideas from the entrepreneur.

Over and above, the vending machine industry is a profitable industry and it is open for any aspiring entrepreneur to come in and establish his or her business; you can chose to start on a small scale in one or two public facilities or you can chose to start on a large scale with several outlets in key cities. However, if it very important that as you choose to launch out, that you are well versed in the business.

2. Executive Summary

Fizzy ‘n’ Crunchy Vending Company is a business enterprise in the retailing industry that will specialized in leveraging the vending machine retailing model. Although our business will be based in Bay – Orleans, Massachusetts where we were able to secure a 40 by 40 feet warehouse, we have the plans to spread across major cities in the United States and Canada.

Our vending machine business will retail / dispense a wide range of durable goods and non – durable goods at affordable prices from different brands. We will retail goods such as groceries, drinks, snacks, children’s toys, beauty products and cosmetics, fruits, vegetables, handkerchiefs, towels, and flowers et al.

We are aware that there are several large and small retail outlets and businesses all around Bay – Orleans who are into vending machine business as well, which is why we spent time and resources to conduct our feasibility studies and market survey so as to position our vending machines in strategic places in and around Massachusetts and also to offer much more than our competitors will be offering in terms of products and of course customer service.

Much more than selling the goods and products of top brands in the manufacturing industry, our customer care is going to be second to none in the whole of Bay – Orleans, Massachusetts. We know that our customers are the reason why we are in business which is why we will go the extra mile to get them satisfied when they make use of any of our vending machines and also to become our loyal customers and ambassadors.

Fizzy ‘n’ Crunchy Vending Company will ensure that all our customers are given first class treatment whenever they purchase products from our vending machines. We have a CRM software that will enable us manage a one on one relationship with our customers no matter how large the numbers of our customer base may grow to. We will ensure that we get our customers involved in the selection of brands that will be on the racks of our vending machines and also when making some business decisions.

We are aware of the trend in the vending machines cum retail industry and we are not only going to operate a system where our customers would just make purchase from our vending machines without getting useful data from them that will help us serve them better.

We will also go ahead to ensure that we position money changers in some of our busiest vending machines locations so that our customers will not find it difficult looking for change to make purchase from our vending machine.

We have but plans in place to operate a mini but standard call center / customer complaint center that will operate on a 24 hours a day and 7 days a week for the sole purpose of resolving customer’s complaints as fast as we can within the scope of our business.

Fizzy ‘n’ Crunchy Vending Company is a family business that is owned by Rev. George Canton – Freeman and Family. The business will be managed by his son Marco Canton – Freeman a graduate of Business Administration who has extensive experience working with one of the leading retailing outlets with several vending machines in the United States of America.

He will bring his experience and expertise to help build and grow Fizzy ‘n’ Crunchy Vending Company to compete favorably with other leading vending machine business in the United States of America.

3. Our Products and Services

Fizzy ‘n’ Crunchy Vending Company is in the vending machines cum retailing industry for the purpose of making profits and we will ensure we go all the way to make available a wide range of goods and products from top manufacturing brands in the United States and other countries of the world.

We will have available in our vending machines a wide range of durable goods and non – durable goods at affordable prices. Here are some of the goods that will be available in our vending machines;

• Children’s toys
• Beauty products and cosmetics
• Handkerchiefs

4. Our Mission and Vision Statement

• Our vision is to build a vending machine business that will have active presence all over Bay – Orleans, Massachusetts and other key cities both in the United States of America and Canada
• Our mission is to establish a vending machines business that will make available a wide range of goods and products from top manufacturing brands at affordable prices to the residence of Bay – Orleans, Massachusetts and other key cities in the United States and Canada

Our Business Structure

Fizzy ‘n’ Crunchy Vending Company do not intend to start a vending machine business whose vending machines can only be find in few outlets in Bay – Orleans; our intention of starting a vending machine business is to build a standard vending machine business with vending machines in strategic position in key cities in Bay – Orleans, Massachusetts and of course other key cities spread across the United States and Canada.

We will ensure that we put the right structure in place that will support the kind of growth that we have in mind while setting up the business.

In putting in place a good business structure, we will ensure that we hire only people that are qualified, honest, customer centric and are ready to work to help us build a prosperous business that will benefit all the stake holders (the owners, workforce, and customers).

As a matter of fact, profit-sharing arrangement will be made available to all our management staff and it will be based on their performance for a period of three years or more.

In view of that, we have decided to hire qualified and competent hands that will be able to really carry out the duties that will solve the problems of the people, as well as cause more money to come to us. So, we have hired the following people to occupy the following positions;

• Chief Executive Officer (Owner)
• Warehouse / Store Manager

Merchandize Manager

• Admin and Human Resources Manager

Sales and Marketing Manager

Information Technologist

• Client Services Executive

5. Job Roles and Responsibilities

Chief Executive Officer – CEO:

• Increases management’s effectiveness by recruiting, selecting, orienting, training, coaching, counseling, and disciplining managers; communicating values, strategies, and objectives; assigning accountabilities; planning, monitoring, and appraising job results; developing incentives; developing a climate for offering information and opinions; providing educational opportunities.
• Creating, communicating, and implementing the organization’s vision, mission, and overall direction – i.e. leading the development and implementation of the overall organization’s strategy.
• Responsible for fixing prices and signing business deals
• Responsible for providing direction for the business
• Responsible for signing checks and documents on behalf of the company
• Evaluates the success of the organization
• Reports to the board

Admin and HR Manager

• Responsible for overseeing the smooth running of HR and administrative tasks for the organization
• Maintains office supplies by checking stocks; placing and expediting orders; evaluating new products.
• Ensures operation of equipment by completing preventive maintenance requirements; calling for repairs.
• Updates job knowledge by participating in educational opportunities; reading professional publications; maintaining personal networks; participating in professional organizations.
• Enhances department and organization reputation by accepting ownership for accomplishing new and different requests; exploring opportunities to add value to job accomplishments.
• Defines job positions for recruitment and managing interviewing process
• Carries out staff induction for new team members
• Responsible for training, evaluation and assessment of employees
• Responsible for arranging travel, meetings and appointments
• Oversees the smooth running of the daily office activities.

Warehouse / Store Manager:

• Responsible for managing the daily activities in the warehouse
• Ensures that proper records of goods are kept and our vending machines does not run out of products
• Ensures that the warehouse facility is in tip top shape and goods are properly arranged and easy to locate
• Interfaces with third – party suppliers (vendors)
• Controls goods distribution and supply inventory
• Manages vendor relations, market visits, and the ongoing education and development of the organizations’ buying teams
• Helps to ensure consistent quality of goods and products on our vending machines
• Responsible for the purchase of goods and products for the organizations
• Responsible for planning sales, monitoring inventory, selecting the merchandise, and writing and pricing orders to vendors
• Ensures that the organization operates within stipulated budget.
• Manages external research and coordinate all the internal sources of information to retain the organizations’ best customers and attract new ones
• Models demographic information and analyze the volumes of transactional data generated by customer purchases
• Identifies, prioritizes, and reaches out to new partners, and business opportunities et al
• Identifies development opportunities; follows up on development leads and contacts; participates in the structuring and financing of projects; assures the completion of development projects.
• Responsible for supervising implementation, advocate for the customer’s needs, and communicate with clients
• Develops, executes and evaluates new plans for expanding increase sales
• Documents all customer contact and information
• Represent the company in strategic meetings
• Helps to increase sales and growth for the company
• Manages the organization vending machine network and website
• Handles ecommerce aspect of the business
• Responsible for installing and maintenance of vending machines, computer software and hardware for the organization
• Manages logistics and supply chain software, Web servers, e-commerce software and POS (point of sale) systems
• Manage the organization’s CCTV
• Handles any other technological and IT related duties.
• Responsible for preparing financial reports, budgets, and financial statements for the organization
• Provides managements with financial analyses, development budgets, and accounting reports; analyzes financial feasibility for the most complex proposed projects; conducts market research to forecast trends and business conditions.
• Responsible for financial forecasting and risks analysis.
• Performs cash management, general ledger accounting, and financial reporting
• Responsible for developing and managing financial systems and policies
• Responsible for administering payrolls
• Ensures compliance with taxation legislation
• Handles all financial transactions for the organization
• Serves as internal auditor for the organization

Client Service Executive

• Ensures that all contacts with clients (e-mail, walk-In center, SMS or phone) provides the client with a personalized customer service experience of the highest level
• Through interaction with students on the phone, uses every opportunity to build client’s interest in the company’s products and services
• Manages administrative duties assigned by the school coordinator in an effective and timely manner
• Consistently stays abreast of any new information on the schools’ products, promotional campaigns etc. to ensure accurate and helpful information is supplied to students when they make enquiries

6. SWOT Analysis

Our intention of starting our vending machine business with a dozen vending machine installed in strategic locations around Bay – Orleans, Massachusetts is to test run the business for a period of 3 to 6 months to know if we will invest more money, expand the business and then install 50 vending machines first all – around Massachusetts before spreading to key cities in the United States and Canada.

We are quite aware that there are several vending machines all over Massachusetts and even in the same locations where we intend installing ours, which is why we are following the due process of establishing a business.

We know that if a proper SWOT analysis is conducted for our business, we will be able to position our business to maximize our strength, leverage on the opportunities that will be available to us, mitigate our risks and be well – equipped to confront our threats.

Fizzy ‘n’ Crunchy Vending Company employed the services of an expert HR and Business Analyst with bias in retailing to help us conduct a thorough SWOT analysis and to help us create a Business model that will help us achieve our business goals and objectives.

This is the summary of the SWOT analysis that was conducted for Fizzy ‘n’ Crunchy Vending Company;

The strategic locations we intend installing our vending machines, the business model we will be operating on, ease of payment, wide range of products and our excellent customer service culture will definitely count as a strong strength for Fizzy ‘n’ Crunchy Vending Company.

A major weakness that may count against us is the fact that we are a new vending machine business and we don’t have the financial capacity to compete with multi – billion dollars retail outlets that also runs a vending machines business when it comes to retailing at a rock bottom prices for all their goods.

• Opportunities:

The fact that we are going to install our vending machines in some of the busiest streets in Bay – Orleans, Massachusetts, provides us with unlimited opportunities to sell our products to a large number of people.

We have been able to conduct thorough feasibility studies and market survey and we know what our potential clients will be looking for when they visit our vending machines locations; we are well positioned to take on the opportunities that will come our way.

Just like any other business, one of the major threats that we are likely going to face is economic downturn. It is a fact that economic downturn affects purchasing power. Another threat that may likely confront us is the arrival of a new retail outlet or new vending machines in same location where ours is located.

7. MARKET ANALYSIS

• Market Trends

Retailing business has been in existence for as long as human started trading goods, but one thing is certain, the retailing industry is still evolving especially with the advent of technology. The introduction of technology is of course what gave birth to vending machines. In recent time, you can find vending machines designed specifically to dispense several goods ranging from snacks to drinks to groceries and to even cigar et al

It is now a common phenomenon for vending machines companies to leverage on technology to effectively predict consumer demand patterns and to strategically position their vending machines to meet their needs; in essence, the use of technology help vending machines businesses to maximize supply chain efficiencies. No doubt data collected from customers goes a long way to help vending machine businesses serve them better.

Another common trend in the retailing industry of which vending machine falls under is the pricing system. Aside from having varieties of products in a vending machine, one of the easiest ways for vending machines and retail stores to sell the goods on their racks or vending machines as fast as they can and keep re – stocking is to ensure that the prices of their goods are a bit lower than what is obtainable elsewhere.

For example, it is common to see items with prices in this format; $3.99, $99 and $199 et al as against $4, $100 and $200. As smaller as the price difference, consumers are likely going to be swayed to make purchase because of that. Lastly another common trend is that major retail stores are now leveraging on vending machines to sell their products.

8. Our Target Market

We so want to reach those we have set out to meet their needs, hence, we will leave no stone unturned in identifying who they really are. Perhaps the vending machines business / retailing industry have the widest range of customers; everybody on planet earth has one or more things that they would need in a retail shop or from a vending machine. It is difficult to find people around who don’t patronize retail shops or vending machines when they come across one.

In view of that, we have positioned our vending machines in strategic locations to service the residence of Bay – Orleans, Massachusetts and every other location our vending machines will be located all over Massachusetts and other key cities in the United States of America and Canada.

We have conducted our market research and we have ideas of what our target market would be expecting from us. We are in business to retail a wide range of products via our vending machines to the following groups of people;

• Corporate Executives
• Business People
• Sports Men and Women

Our competitive advantage

The competitions that exist in the vending machine line of business is stiff simply because anyone can start a vending machine business; it isn’t financially tasking to start, as you can purchase a used vending machine even that of a popular brand at a cheap price, and still get the most out of it. The vending machine business doesn’t require any expertise or know-how, and any serious minded entrepreneur is likely to make good profit out of this business.

Fizzy ‘n’ Crunchy Vending Company is launching a standard vending machine business that will indeed become the preferred choice of residence of Bay – Orleans, Massachusetts and in every other location where our vending machines will be installed.

One thing is certain; we will ensure that we have a wide range of products available in our vending machines at all times. It will be difficult for customers to visit our vending machines and not see the product that they are looking for. One of our business goals is to make Fizzy ‘n’ Crunchy Vending Company a one stop shop for all our customers.

Our excellent customer service culture, highly competitive prices, reliable and easy to use payment option and the visibility of our vending machines will serve as a competitive advantage for us.

9. SALES AND MARKETING STRATEGY

• Sources of Income

Fizzy ‘n’ Crunchy Vending Company is established with the aim of maximizing profits in the retailing industry and we are going to go all the way to ensure that we do all it takes to sell a wide range of products to a wide range of customers.

Fizzy ‘n’ Crunchy Vending Company will generate income by retailing the following products via our vending machine;

10. Sales Forecast

It is important to state that our sales forecast is based on the data gathered during our feasibility studies, market survey and also some of the assumptions readily available on the field. One thing is common with vending machine business, if you have your vending machines installed in locations that are prone to high traffic; the easier it is for you to make sales.

So also, the more the variety of the products you have in your vending machines, the more costumers you are going to attract.

This is why we will ensure that within our capacity we make available a wide range of goods from different manufacturing brands in all our vending machine outlets. Below are the sales projections that we were able to come up with for the first three years of operations;

• First Year-: $100,000
• Second Year-: $250,000
• Third Year-: $550,000

N.B: This projection is done based on what is obtainable in the industry and with the assumption that there won’t be any major economic meltdown and or major competitors positioning their vending machines in same locations where ours are. Please note that the above projection might be lower and at the same time it might be higher.

• Marketing Strategy and Sales Strategy

Before choosing locations for installing our vending machines, we conduct a thorough market survey and feasibility studies in order for us to be able to be able to penetrate the available market and become the preferred choice for residence of Bay – Orleans, Massachusetts. We have detailed information and data that we were able to utilize to structure our business to attract the numbers of customers we want to attract per time.

We hired experts who have good understanding of the vending machine business / retail industry to help us develop marketing strategies that will help us achieve our business goal of winning a larger percentage of the available market in Bay – Orleans, Massachusetts and every other city we intend installing our vending machines.

In other to continue to be in business and grow, we must continue to sell the products that are available in our vending machines which is why we will go all out to empower or sales and marketing team to deliver. In summary, Fizzy ‘n’ Crunchy Vending Company will adopt the following sales and marketing approach to win customers over;

• Print handbills about our vending machine and its location, and also give our vending machines unique look, by painting them with bright colors or putting a large neon sign on it, so that it is easily recognizable to customers.
• Advertise on the internet on blogs and forums, and also on social media like Twitter, Facebook, LinkedIn to get our message across, so that those on the social media or those who read blogs can know where to go when they need products that we retail
• Creating a basic website for our business, so as to give our business an online presence (list the locations of our vending machines)
• Directly market our vending machine business.
• Join local vending machine associations for industry trends and tips
• Provide discount days for our customers
• Advertise our business in community based newspapers, local TV and radio stations
• List our business on yellow pages ads
• Encourage the use of Word of mouth marketing (referrals)

11. Publicity and Advertising Strategy

We are quite aware of the enormous returns a good publicity strategy can bring back to our business. So, despite the fact that our vending machines will be well located, we will still go ahead to intensify publicity for the business. We are going to explore all available means to promote our vending machine business.

Fizzy ‘n’ Crunchy Vending Company has a long term plan of installing our vending machines in various locations in major cities in the United States and Canada which is why we will deliberately build our brand to be well accepted in Bay – Orleans, Massachusetts before venturing out.

As a matter of fact, our publicity and advertising strategy is not solely for winning customers over but to effectively communicate our brand. Here are the platforms we intend leveraging on to promote and advertise Fizzy ‘n’ Crunchy Vending Company;

• Place adverts on both print (community based newspapers and magazines) and electronic media platforms
• Sponsor relevant community programs
• Leverage on the internet and social media platforms like; Instagram, Facebook , twitter, et al to promote our brand
• Install our Bill Boards on strategic locations all around Columbus, Ohio
• Engage in road show from time to time
• Distribute our fliers and handbills in target areas
• Position our Flexi Banners at strategic positions in the location where our vending machines are located.

12. Our Pricing Strategy

Pricing is one of the key factors that gives leverage to vending machine business, it is normal for consumers to go to places (vending machines outlets or retail outlets) where they can get goods at cheaper price which is why big player in the retail industry like Wal-Mart will attract loads of consumers. Products in their store are tagged with the cheapest price you can get anywhere in the United States.

We know we don’t have the capacity to compete with Wal-Mart or any other big retail store, but we will ensure that the prices of all the products that are available in our store are competitive with what is obtainable amongst retail stores within our level.

• Payment Options

Due to the nature of vending machines, there are no options when it comes to payment for items purchased other than to insert your money in the vending machine and then the machine will dispense what you paid for. We will ensure that we position money changers around our busiest vending machine locations so as to make change available to our customers.

13. Startup Expenditure (Budget)

When it comes to starting a vending machine business the major areas that you look towards spending the bulk of your cash is in the purchase of vending machines and of course renting or leasing warehouse facility. Aside from that, you are not expected to spend much except for paying of your employees and the purchase of vans.

This is the key areas where we will spend our start – up capital;

• The Total Fee for Registering the Business in Ohio – $750.
• Legal expenses for obtaining licenses and permits as well as the accounting services (software, P.O.S machines and other software) – $1,300.
• Marketing promotion expenses for the grand opening of People’s Choice Retail Store in the amount of $3,500 and as well as flyer printing (2,000 flyers at $0.04 per copy) for the total amount of $3,580.
• Cost for hiring Business Consultant – $2,500.
• Insurance (general liability, workers’ compensation and property casualty) coverage at a total premium – $2,400.
• Cost for payment of rent for 12 month at $1.76 per square feet in the total amount of $105,600.
• Cost for the Warehouse remodeling (construction of racks and shelves) – $20,000.
• Other start-up expenses including stationery ($500) and phone and utility deposits ($2,500).
• Operational cost for the first 3 months (salaries of employees, payments of bills et al) – $60,000
• The cost for Start-up inventory (stocking with a wide range of products) – $100,000
• Storage hardware (bins, rack, shelves, food case) – $3,720
• The cost for the purchase of 2 fairly used delivery vans- $20,000
• Cost for store equipment (cash register, security, ventilation, signage) – $13,750
• Cost of purchase and installation of CCTVs: $10,000
• The cost for the purchase of vending machines, furniture and gadgets for the office (Computers, Printers, Telephone, TVs, Sound System, tables and chairs et al): $50,000.
• The cost of Launching a Website: $600
• The cost for our opening party: $7,000
• Miscellaneous: $10,000

We would need an estimate of $500,000 to successfully set up our vending machine business in Bay Orleans, Massachusetts. Please note that this amount includes the salaries of all the staff for the first month of operation.

Generating Funding / Startup Capital for Fizzy ‘n’ Crunchy Vending Company

Just like every other business that exists in America, we want to spell out the means through which we want to generate our funds. Therefore, Fizzy ‘n’ Crunchy Vending Company is a private business that is solely owned and financed by Rev. George Canton – Freeman and Family. They do not intend to welcome any external business partner which is why he has decided to restrict the sourcing of the start – up capital to 3 major sources.

These are the areas we intend generating our start – up capital;

• Generate part of the start – up capital from personal savings
• Source for soft loans from family members and friends
• Apply for loan from my Bank

N.B: We have been able to generate about $200,000 ( Personal savings $150,000 and soft loan from family members $50,000 ) and we are at the final stages of obtaining a loan facility of $300,000 from our bank. All the papers and document have been signed and submitted, the loan has been approved and any moment from now our account will be credited with the amount.

14. Sustainability and Expansion Strategy

The future of a business lies in the numbers of loyal customers that they have the capacity and competence of the employees, their investment strategy and the business structure. If any of these factors is missing from a business (company), then it won’t be too long before the business close shop.

Fizzy ‘n’ Crunchy Vending Company will ensure that all the factors listed above are reinforced on a regular basis and also we will engage in continuous capacity building of our workforce. As a matter of fact, profit-sharing arrangement will be made available to all our management staff and it will be based on their performance for a period of three years or more.

We will make sure that the right foundation, structures and processes are put in place to ensure that staff welfare is well taken of. Our company’s corporate culture is designed to drive our business to greater heights and training and re – training of our workforce is at the top burner.

Check List / Milestone

• Business Name Availability Check:>Completed
• Business Registration: Completed
• Opening of Corporate Bank Accounts: Completed
• Securing Vending machines: In Progress
• Opening Mobile Money Accounts: Completed
• Opening Online Payment Platforms: Completed
• Application and Obtaining Tax Payer’s ID: In Progress
• Application for business license and permit: Completed
• Purchase of Insurance for the Business: Completed
• Leasing of facility for warehouse and remodeling : In Progress
• Conducting Feasibility Studies: Completed
• Generating capital from family members: Completed
• Applications for Loan from the bank: In Progress
• Writing of Business Plan: Completed
• Drafting of Employee’s Handbook: Completed
• Drafting of Contract Documents and other relevant Legal Documents: In Progress
• Design of The Company’s Logo: Completed
• Graphic Designs and Printing of Packaging Marketing / Promotional Materials: In Progress
• Recruitment of employees: In Progress
• Purchase of the Needed furniture, racks, shelves, computers, electronic appliances, office appliances and CCTV: In progress
• Creating Official Website for the Company: In Progress
• Creating Awareness for the business both online and around the community: In Progress
• Health and Safety and Fire Safety Arrangement (License): Secured
• Opening party / launching party planning: In Progress
• Compilation of our list of products that will be available in our vending machines / warehouse: Completed
• Establishing business relationship with vendors – suppliers of all our needed products and vending machines: In Progress.

More on Wholesale & Retail

Developing a Business Plan for Your Vending Machine Business

The vending machine business model has survived economic downturns, technological disruptions, and shifting consumer preferences, always finding a way to adapt and thrive. If you’re thinking of venturing into this resilient business, the first step is to develop a detailed business plan. In this article, we’ll guide you through the essential components of a vending machine business plan, ensuring you start your entrepreneurial journey on solid footing.

Understanding the Market

First, you must understand the market landscape. This entails market research to identify your target audience, understand consumer behavior, and gauge demand. What types of products are people interested in? Are healthier options like fruit and yogurt in demand, or do people prefer traditional snacks like chips and soda? Location also plays a pivotal role, as high-foot-traffic areas are generally more lucrative. Collecting this data will help refine your business model and make more informed decisions.

Business Objectives and Goals

Clearly outline what you aim to achieve with your vending machine business. Are you looking to supplement your income or plan to make this a full-time venture? Your goals could range from financial milestones to geographic expansion plans. Be as specific as possible; these objectives will guide your strategies and help you measure success. For instance, instead of saying, “I want to make a lot of money,” specify a target annual revenue you aim to reach within a specific time frame.

Cost and Investment Analysis

The initial investment may include purchasing the machines, securing locations, licenses, and stocking initial inventory. Monthly expenses may include machine maintenance, restocking, location rent, and utilities. You will also need to account for the cost of goods sold (COGS) and operational costs. Estimate these expenses as accurately as possible and create a financial model. This will help you identify the required investment and how to go about financing it—whether through your savings, loans, or external investors.

Revenue Model

You’ll need to decide how you intend to make money from your vending machines. Will you sell a variety of products, or will you specialize in a niche like organic snacks or beverages? Will you lease the machines or buy them outright? These decisions will significantly impact your revenue model. Look at the pricing strategy as well. You’ll need to find a sweet spot that covers your costs while remaining attractive to customers. A good revenue model should include projected earnings and profit margins based on your market research and cost analysis.

Operational Plan

An operational plan outlines the day-to-day workings of your business. This includes sourcing products, restocking, machine maintenance, and managing finances. If you plan to start small, you might handle most of these tasks yourself. But as the business scales, you’ll likely need to hire staff. Include plans for that, outlining job descriptions and estimated salaries. Also, consider the logistical aspects such as transportation and storage.

Marketing and Sales Strategy

Businesses can only survive with customers, so you’ll need a solid marketing and sales strategy. How will you attract people to your vending machines? Local partnerships and even traditional methods like flyers and banners can be effective. You may also want to run promotions or loyalty programs to incentivize repeat purchases. The more detailed your marketing plan, the easier it is to execute and adjust as needed.

Legal and Regulatory Considerations

Finally, you can’t ignore the legal aspects of running a vending machine business. This involves acquiring the necessary permits and licenses, which can vary by jurisdiction. You’ll also need to adhere to health and safety regulations, especially if you plan to vend perishable items. Consult with legal experts to ensure you fully comply with local, state, and federal laws.

Final Thoughts

Developing a business plan for your vending machine business is not just a formality but a roadmap for your entrepreneurial journey. It’s a comprehensive guide that should cover everything from market research and business objectives to financial planning and operational logistics. A well-thought-out business plan will help you secure investment, navigate challenges, and set you on a path to long-term success.

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Sample Vending Machine Business Plan

Vending machine business plan sample.

Vending machines have been automated to provide vending services to customers. It works only when money is being slotted into it.

Millions of these machines are in the United States and worldwide, each providing a specific range of services.

Some products sold on vending machines include coffee drinks, chocolate bars, and film rental services.

Others include newspaper and book vending machines, and photo booths , among several other uses.

Benefits of a Vending Machine Business

The advantage of having a vending machine is the low cost of operation.

A vending machine eliminates the shopkeeping time, allowing the business owner to do other equally important things with their time, leading to more productivity.

Also, there are lesser cases of mistakes, as the entire system is automated. There are little to no instances of underpaying or overpaying for particular services.

These and so many other benefits are accruable to users of vending machines.

Things to Consider When Starting a Vending Machine Business

As with other businesses, starting a vending machine business requires adequate planning. This is more so with an automated company.

Hence there are several factors to consider before commencing the business. We will start with the following;

• Ensure it is Compatible with Your Business Idea.

Why so? Because there are business ideas that are not compatible with vending machines. In other words, certain services cannot be offered using vending machines.

Hence, considering if the idea is practicable after bringing up your vending machine business plan is essential.

If it is achievable, then you have satisfactorily answered an important question that can lead to the success of your business idea or its failure.

• Selecting a Service Niche

Here, it is essential that you carefully consider the niche that most interests you. You cannot start a vending machine business in just about any place.

Randomly choosing a niche that comes to mind may likely lead to failure. This is because by choosing a place of particular interest, you may have good knowledge of how that specific area of vending machine business works.

In a situation where you do not understand things well, learning will be easy as your interest will fuel your zeal to know more. Choosing a niche that comes more naturally to you positively impacts the business.

• Choose Your Vending Machine Locations

Selecting the locations for your vending machines is an essential criterion for starting this business. Sites have a significant impact on the profitability of vending machines.

Hence, you may want to choose areas with a lot of human traffic. Locating a vending machine in such regions will likely increase patronage/sales. Also, carefully selecting locations for your vending machine business can contribute to the security of the vending machine.

• Your Products

Product selection is essential. This is similar to having a niche. The only difference, however, is the particular product you may want to vend.

For example, if you want to start a book vending machine business, the book (novel, for instance) will belong to the same niche as the newspaper.

You may want to choose your particular product for your vending machine business to make all your activities streamlined.

Planning your vending machine business out to the minute detail can immensely benefit the company.

• Low Set Up Cost

By starting a vending machine business, high startup costs are eliminated. These costs are primarily associated with renting/buying a business outlet.

While providing a high-yield business opportunity, the costs associated with starting a vending machine business make it very attractive to investors who do not have the resources to invest in significant portfolios.

• Freedom of Time

If the human race cherishes anything, it is time to do what they love to do. Starting a vending machine business affords you that opportunity.

The freedom of having to control your own time and destiny is priceless! Being a fully automated business venture, the business owner only needs to load the products into the vending machine and return to collect the money later!

The device does every other work. This is impressive as you could use your spare time to do other things that benefit you.

Vending machine businesses have become attractive ventures to investors the world over. Today, the number of vending machines continues to increase due to this growing popularity in the United States and worldwide.

Also, there is minimal waiting time as there has been immense success in reducing the waiting time.

Customers using vending machines for purchases now spend lesser time waiting for services.

With the advances in innovation, services have become increasingly automated, improving service delivery. The vending machine business is a perfect example of this trend.

It is believed that with the information provided here, significant success will result if these tips are followed.

VENDING MACHINE BUSINESS PLAN EXAMPLE

Here is a sample business plan for starting a vending service business.

Technology has made the world a very comfortable place to live in. As a result, most people will quickly replace any activity that requires some effort with activities that require no effort.

This implies that most individuals will get their drinks and snacks from a vending machine instead of entering a retail store.

This might appear very simple. However, it is very significant. The fact that people would choose convenience over effort means there is a high demand for vending machines.

This, therefore, makes the vending machine business one that is worth going into.

If you want to start a reverse vending machine business, you should know all the requirements by now. Like every other business, a business plan is one of the requirements for starting a vending machine business.

Below is a comprehensive business plan sample for a vending machine business.

How do I start a vending machine business?

Business Name: Jojo and Tata Vending Machine Company

Executive Summary

Our Products and Services

Vision Statement

Mission Statement

Business Structure

• Market Analysis
• Sales and Marketing Strategy
• Financial Plan

Competitive Advantage

Jojo and Tata vending machine Company is a business that dispenses an extensive range of products. It is a business that will be located in Dallas, Texas .

It is owned by Josephine and Taylor, two very prolific businesspeople with over twenty years of experience in the business world. Jojo and Tata vending machine Company already has a relatively large warehouse to house all our machines.

At Jojo and Tata vending machine Companies, we want to make all edibles available to our potential customers. However, we will put more focus on the provision of drinks.

We will ensure that everyone who patronizes us gets a treatment that is second to none.

Jojo and Tata vending machine Company is in this industry to make gains. Although we are looking to make gains, we do not intend to do this at the expense of our customers.

We want to give our customers the best service that can be obtained in the vending machine industry. We want to stock our vending machine with products from some of the top brands in the United States.

Some of the products that we will offer at Jojo and Tata vending machine Companies are;

At Jojo and Tata’s vending machine business, our vision is to set up a company that will be well-known in Texas and the entire United States. Beyond the United States, we also intend to have a strong presence in key cities in Canada.

Our mission at Jojo and Tata vending machine Company is to set up an enterprise providing a broad range of products to those residing in Dallas, Texas.

We intend to also make these products available at prices everyone can afford.

At Jojo and Tata vending machine Companies, we are not just interested in starting a vending machine business; we are interested in becoming one of the biggest in this industry.

We also want to spread the vending business from Texas to other major cities in the United States and beyond.

Unlike being average in this business, being a huge success requires much work. Therefore, to make this happen, we will start by ensuring that we have the needed structures for this to occur.

We will employ only those we consider qualified to run businesses at the highest level. We will also provide a conducive working environment for all our workers.

Market Analysis Market Trend

The retailing industry is not new to anyone.

However, there is rapid innovation in this industry. This rapid innovation is a result of the rapid rise in technology. The increase in technology has brought about the prominence of vending machines in the retail industry.

Vending machines are not just prominent at the moment; they have also come to stay. This is because they make life easier for people and offer lower prices.

This makes people spend less money in the long run.

Our Target Market

The vending machine industry is an industry that caters to the needs of virtually everyone.

This, therefore, means that we can offer our services to almost everyone. However, we have chosen a target market to achieve our aim of starting up this business.

Those that make up our target market include;

• Business Executives

Here is how to secure contracts in this industry.

Financial Plan Source of Startup Capital

We are looking to start our vending machine company on a large scale.

As a result of this, we will need $100,000 to set up our vending machine company. We already have half of this amount. We are looking to get the remaining amount from the bank.

This business has a high level of competition because not very much is needed to start it.

We will stock our vending machines with an extensive range of products to stand out from the crowd. Our prospective customers will always get whatever they need from our vending machine.

This is a vending machine business plan sample for Jojo and Tata vending machine Company. It will be located in Dallas, Texas, and set up with $100,000.

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Start a Vending Machine Business in 2024: A Detailed Guide

APR.23, 2018

As we enter 2024, the demand for convenient and accessible snacks and beverages continues to rise. As highlighted in our  restaurant business plan , the vending machine business is an attractive opportunity for entrepreneurs seeking passive income streams.

This article everything you need to know about starting a vending machine business, including:

• Pros and Cons
• Industry Trends
• Startup Costs
• Earnings Potential
• Barriers to Entry
• Business Plan for Vending Machine

By the end, you’ll understand what it takes to start a successful vending machine business and how to navigate the challenges with our vending machine business plan example.

Pros and Cons of Vending Machine Business

Like any new business venture, the vending machine industry has its pros and cons:

• Low Overhead Costs –  Unlike traditional retail businesses, vending machines do not require a physical store, eliminating rent, utilities, and maintenance. According to the National Automatic Merchandising Association (NAMA), vending machines have an average operating cost of less than  15% of total sales.
• Passive Income Stream –  Once the vending machines are in place and stocked, they can generate income without constant supervision, making it a passive income stream. An average vending machine has a  20–25%  profit margin and earns  $5–$50  per day in sales.
• Flexible Business Model –  You can customize vending machines to suit various niches and product types. You can choose snacks, beverages, hygiene products, or even specialized items by referring to our  food truck startup business plan .
• Potential for Scalability –  Once you establish a successful vending machine location, expanding your business becomes easier. You can replicate the model in multiple locations due to high demand. In the US alone,  100 million  people use vending machines daily.
• Minimal Labor Requirements –  Unlike traditional retail businesses, vending machines don’t require constant staffing. Regular maintenance and restocking are the primary labor needs. NAMA reports that vending machine operators spend an average of  2-3 hours per week per machine on maintenance.
• High Initial Investment –  The initial investment in vending machines is high, with new machines costing between  $3,000 – $10,000 . However, you can start small by purchasing used or refurbished machines for  $1,200 – $3,000 . (Source: Nerdwallet)
• Vandalism and Theft Risks –  Vending machines are susceptible to vandalism, theft, and damage. A large Atlanta bottler reports that roughly  10 – 15% of vending machines in the US are vandalized each year. The cost of repairing or replacing vandalized machines significantly impacts profits.
• Inventory Management Challenges –  Inventory management, restocking, and fresh product maintenance require attention to detail and efficient management to sustain customer satisfaction. Refer to our  pizzeria business plan  to understand inventory management better.

While the vending machine business presents attractive opportunities for entrepreneurs, it’s essential to carefully weigh the pros and cons of a vending machine startup business plan before moving ahead.

Vending Machine Industry Trends

The vending machine industry undergoes continuous evolution. As per our business plan for the vending machine company, key trends influencing this sector include:

• Increasing Demand for Self-Service Experiences –  The rising demand for self-service experiences has incentivized companies to develop automated kiosk systems, benefiting the vending industry. Persistence Market Research  report  projects that the overall market value of industrial vending machines by 2032 will reach nearly  $7 billion .
• Focus on Healthy Eating –  The vending machine industry is witnessing a shift towards promoting healthy eating by offering more nutritious options. According to  Statista  Consumer Insights,  50 percent  of Americans claim to actively try to eat healthy, and more than  60% of vending machine operators offer healthy snack options. (Source: Gitnux)
• Rising adoption of technology –  The integration of advanced technologies is enhancing the quality and functionality of vending machines. Mobile app or web deals influence about  6%  of vending machine buying in the U.S. (Source: Gitnux)
• Expansion of distribution channels   –  Vending machine operators are expanding their distribution channels to reach new customers, which is helping to drive growth in the industry. More than  5 million  vending machines in the U.S. employ around  85,000 people. (Source: Gitnux)

Industry Size and Growth Forecast

According to an  analysis  by Grand View Research, the global retail vending machine market was valued at  $51.91 billion  in 2021. From 2022 to 2030, the vending machine market is expected to reach  $129.40 billion , exhibiting a compound annual growth rate (CAGR) of  10.7% .

Source: Grand View Research

How Much Does It Cost to Start a Vending Machine Business?

As per an analysis by Starter Story, the average cost of starting a vending machine business is about  $19,267 . This includes the cost of vending machines, initial stock, and other potential expenses.

For your better understanding, here’s a breakdown of typical startup costs for a new vending machine business:

These are average estimates, and actual costs can vary based on your vending machine location, specific business model, and other factors. Also, some costs like royalties/commissions and taxes are sales percentages and will fluctuate with revenue. So, plan accordingly or check our business plan for selling snow cones.

How Much Can You Earn From a Vending Machine Business?

On average, a well-placed and properly stocked vending machine can generate between  $300 to $600  monthly profits per machine, with some high-traffic locations generating even higher returns.

Let’s consider a detailed example to understand the profitability of a single vending machine:

Assumptions:

• Number of vending machines: 10
• Average monthly revenue per vending machine: $1,200
• Cost of each refurbished vending machine: $2,100
• Initial stock cost for all 10 machines: $5,000

Revenue Calculation:

Cost Breakdown:

Profitability Calculation:

Therefore, with 10 vending machines generating an average monthly revenue of $1,200 per machine and considering the associated costs, you can earn an annual profit of approximately $36,900 ($307.5 per machine per month) from your vending machine business after taxes.

What Barriers to Entry Are There in Starting a New Vending Machine Business?

Aspiring vending machine entrepreneurs may face many unforeseen barriers that make entry in the market challenging. Here are some barriers that entrepreneurs might face:

• High upfront cost  to purchase new or refurbished vending machines.
• Securing prime locations  with high foot traffic.
• Maintenance costs  for regular servicing and repairs.
• Inventory management  to ensure machines are always stocked.
• Competition  from established vending machine businesses.
• Regulatory compliance  with local and national laws.
• Security issues  such as vandalism or theft.
• Waste management  for expired or unsold products.
• Customer service  for addressing user issues.
• Marketing costs  to promote the business and attract customers.

These formidable barriers highlight the complexities of the vending machine business, requiring aspiring entrepreneurs to carefully assess their resources, strategies, and commitment via a professional vending machine business plan.

Create a Vending Machine Business Plan

A well-researched business plan, like a  lemonade stand business plan , is critical if you want to start and grow your vending machine business profitably. It helps attract potential investors, guides your operations, and navigates challenges. Here’s a breakdown of key sections to include along with components and tips:

Executive Summary

The executive summary concisely outlines the key elements of your water vending machine business plan. It provides an overview of your business concept, target market, competitive advantages, management team, financial projections, and funding requirements.

What to Include:

• Business Concept
• Target Market
• Competitive Advantages

Management Team

• Financial Highlights

Funding Request

• Keep it succinct (usually 1-2 pages).
• Focus on the most critical aspects of your plan.
• Write it after completing the entire business plan.
• Make it engaging to capture attention.

Business Overview

The business overview section of a business plan provides a concise yet comprehensive introduction to the coffee vending machine business. It lays the groundwork for the more detailed sections that follow.

• Company Description
• Mission Statement
• Business Model
• Product/Service Offerings
• Unique Selling Proposition (USP)
• Operating Hours/Locations
• Be concise but thorough.
• Address any legal or regulatory considerations.
• Highlight your commitment to quality and customer satisfaction.

Market Analysis

The market analysis section of your healthy vending machine business plan examines the industry landscape, market trends, growth potential, competitive landscape, and the overall market environment in which your vending machine business will operate.

• Industry Overview
• Market Trends
• Competitive Landscape
• Market Opportunity
• Economic and Regulatory Factors
• Use data and research to support your analysis.
• Consider both macroeconomic factors and micro-level insights.
• Highlight your competitive advantage.

Services or Products Line

This section of your snack vending machine business plan provides a comprehensive overview of the specific products and services you plan to offer to your customers. It covers the details of your products, including descriptions, pricing strategies, sourcing, and quality control measures.

• Product/Service Descriptions
• Product Sourcing
• Pricing Strategy
• Product/Service Roadmap
• Branding and Packaging
• Quality Control
• Highlight any unique or specialized product offerings.
• Ensure your pricing strategy is competitive.
• Explore partnerships with local suppliers.

Target Market Segments

The target market segments section defines the specific customer groups you aim to serve and outlines tailored strategies for reaching and engaging each segment effectively. This section ensures that your business aligns with customer demands and maximizes its reach.

• Target Market Segmentation
• Customer Profiles
• Market Size and Growth Potential
• Competitive Analysis
• Marketing Strategies
• Be specific; avoid generic descriptions.
• Tailor your offerings to each segment.
• Consider any seasonal variations.

Organization and Management

The organization and management section outlines the structure, leadership, and operational framework of your company. It provides details about who is responsible for key decisions.

• Ownership Structure
• Organizational Chart
• Staffing Plan
• Strategic Partnerships
• Professional Services
• Company Culture and Values
• Emphasize the strengths of your team.
• Acknowledge any skill gaps and how you’ll address them.

Financial Projections

The financial projections outline your company’s anticipated financial performance over a specific period. It provides a roadmap for revenue, expenses, profits, and cash flow.

• Revenue Projections
• Cost of Goods Sold (COGS)
• Operating Expenses
• Income Statements
• Cash Flow Statements
• Balance Sheets
• Key Financial Ratios
• Assumptions
• Support your projections with realistic assumptions and research.
• Use charts and graphs to visually represent your projections.
• Explain any significant fluctuations or trends.

Highly Efficient Service

Highly Efficient Service! I am incredibly happy with the outcome; Alex and his team are highly efficient professionals with a diverse bank of knowledge.

To illustrate how all of these sections come together, we’ve put together a comprehensive sample business plan for a vending machine for a fictional company SnackWave that you can use as a template for your own business.

Vending Machine Business Plan Template

SnackWave Vending is a startup vending machine operator. SnackWave aims to revolutionize the snacking experience in major metropolitan areas. Founded by seasoned entrepreneurs Michael Smith and Emily Wilson, SnackWave will launch operations in New York City in 2024.

SnackWave’s unique competitive advantages include:

• AI-powered predictive restocking and inventory optimization
• State-of-the-art touchscreen interfaces and mobile app integrations
• Curated selections of healthy, high-quality, locally-sourced products
• Best-in-class customer service with 24/7 support and real-time issue resolution

SnackWave projects $3.2 million in revenue by Year 3 with a machine network of 150 units across New York City’s five boroughs. SnackWave has also secured $1.2 million in seed funding.

SnackWave is a limited liability company (LLC) established in New York in 2024. Our core business is:

• Operation, and
• Maintenance of high-quality vending machines in strategic locations throughout the city.

We will be offering a diverse range of consumable products through our modern vending machines. Our product line will include:

Healthy Options

• Hot Beverages

We will work with reputable suppliers and distributors to ensure that our vending machines are consistently stocked with fresh, high-quality products. Additionally, we will regularly rotate our product offerings to introduce new and seasonal items, keeping our customers engaged and satisfied.

The U.S. vending machine market was valued at $23.5 billion in 2022 and is expected to grow at a 5.8% CAGR. Key growth drivers include:

• Rising workplace snacking and impulse purchasing
• Demand for healthier, higher-quality vending products
• Adoption of cashless payment and mobile technologies
• Preferences for contactless, unattended retail experiences

SnackWave’s initial target market is the New York City metropolitan area, specifically:

• 4.1 million office workers across 1.6 million businesses
• 1.1 million college/university students and staff
• 15.4 million annual tourists visiting retail, entertainment, and event venues

With only 30,000 vending machines currently in NYC, there is substantial white space opportunity for an innovative, tech-savvy operator like SnackWave.

SnackWave will offer a diverse range of products to cater to the varying preferences and dietary needs of our customers. Our product line will be divided into the following categories:

• Chips and crackers (regular, baked, and flavored options)
• Nuts and trail mixes
• Granola bars and protein bars
• Cookies and baked goods
• Candy and chocolate bars
• Sodas and carbonated drinks
• Juices and fruit drinks
• Energy drinks and sports drinks
• Bottled water (still and sparkling)
• Iced teas and iced coffee
• Fresh whole fruits (apples, bananas, oranges)
• Yogurt cups (regular and Greek-style). To start a yogurt business, check our  business plan for a frozen yogurt
• Salads (pre-packaged and ready-to-eat)
• Sandwiches (pre-packaged and fresh options)
• Veggie snack packs

Hot Beverages (in select locations)

• Coffee (regular and specialty blends)
• Hot chocolate
• Hot teas (various flavors)

To ensure product freshness and quality, we will work with reputable suppliers and distributors to consistently stock our vending machines.

All our vending machines will feature:

• Touchscreen digital interface
• Integrated mobile app for seamless payment
• AI inventory tracking and predictive restocking
• Telemetry for remote monitoring and data analytics
• Energy-efficient, environmentally conscious design

Beyond vending, SnackWave will offer 24/7 customer support, handling inquiries, and complaints and resolving machine issues in real-time.

SnackWave will initially focus on the following key market segments within the New York area:

• Office Buildings and Corporate Campuses
• Hospitals and Medical Centers
• Shopping Malls and Retail Centers
• Universities and College Campuses
• Recreational Facilities and Entertainment Venues

By targeting these market segments, SnackWave can leverage the high foot traffic, captive audiences, and specific snacking needs of each location to maximize the potential for vending machine sales and revenue generation.

Ownership and Legal Structure

SnackWave is a limited liability company registered in New York. The company is owned and operated by co-founders  Michael Smith (60% ownership) and Emily Wilson (40% ownership) .

• Michael Smith, Co-Founder & CEO:  15+ years experience in food/beverage manufacturing and distribution. Specialist in supply chain operations and logistics.
• Emily Wilson, Co-Founder & CTO: 20+ years leading technology development and data analytics teams. Expert in machine learning, IoT, and mobile platforms.

Organizational Structure

Initially, SnackWave will employ a lean team of 10 full-time employees to support its operations:

• Chief Executive Officer (CEO)
• Chief Operating Officer (COO)
• Chief Financial Officer (CFO)
• Operations Manager
• Sales and Marketing Manager
• 3 Field Service Technicians
• 2 Administrative Assistants

As the business grows and expands its reach, we will increase our workforce to meet the increasing demand for our services. Additional roles, such as regional managers, customer service representatives, and inventory specialists, will be added to support our operations effectively.

SnackWave is seeking $1.2 million in seed funding to launch operations, comprised of:

• $420,000 – Vending machine CAPEX (50 machines at $8,400 per unit)
• $300,000 – Facility buildout (warehouse, operations hub)
• $180,000 – Vehicle fleet (3 vans)
• $120,000 – Initial product inventory
• $180,000 – Working capital runway

Based on our market analysis and conservative estimates, we have prepared the following financial projections for the first three years of operations:

These projections demonstrate a strong potential for growth and profitability. By the end of the third year, we expect to generate an annual revenue of $4.32 million and a net profit of $1.92 million, representing a substantial return on investment.

Need Expert Guidance? Partner With OGSCapital for Your Business Plan

Till now you might have already understood that to start or expand your business, having a comprehensive vending machine business plan documentation is crucial. At OGSCapital, our team of experienced consultants specializes in helping entrepreneurs like you develop winning business plans.

With our expertise, we can provide:

• In-depth industry knowledge of the vending machine market
• Proven workflow for vending machines business plan and strategy
• Guidance through every step – market research, financial projections, operational plans, and funding acquisition
• A clear roadmap to profitability and growth tailored to your vending machine business

Don’t leave your vending machine business plan success to chance. Partner with OGSCapital’s consultants who have extensive experience in crafting actionable business plans across industries. For example, our  hot sauce business plan . Contact us today to write your business plan vending machine business that sets your venture up for long-term success.

Download Vending Machine Business Plan Sample in pdf

Frequently Asked Questions

Is a vending machine business profitable?

Yes, a vending machine business can be profitable. On average, a single vending machine generates more than $300 monthly. The global vending machine market is expected to be worth $146.6 billion by 2027. (Source: Research and Markets)

Do reverse vending machines make money?

Reverse vending machines can make money by preparing a professional reverse vending machine business plan first. They collect fees for items deposited and sell recycled materials. Collection fees and profits from selling these materials can be substantial. These machines promote recycling while providing an income stream.

What is the best business structure for a vending machine business?

The best business structure for a vending machine business is often an LLC (Limited Liability Company). It limits personal liability, allows pass-through taxation, and protects assets from business debts and

OGSCapital’s team has assisted thousands of entrepreneurs with top-rate business plan development, consultancy and analysis. They’ve helped thousands of SME owners secure more than $1.5 billion in funding, and they can do the same for you.

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Vending Machine Business Plan [Sample Template]

By: Author Tony Martins Ajaero

Home » Business ideas » Wholesale and Retail Industry » Vending Machine

A vending machine business entails owning and operating vending machines that distribute a variety of products such as snacks, beverages, coffee, and other items.

The business owner buys or leases vending machines and positions them in high-traffic areas, such as office buildings, schools, hospitals, or shopping malls, where people can easily access them.

The vending machine collects money from clients, usually in the form of coins, bills, credit cards, or mobile payments, and then dispenses the specified product.

Steps on How to Write a Vending Machine Business Plan

Executive summary.

Go Grab® Vending Machine, Inc. is a vending machine business based in Los Angles, California and with an active presence in key cities all across California. We are well-equipped and trained to serve high-quality products to customers of all ages.

Our target market includes families with young children, college students, and individuals of all ages looking for drinks and snacks on the go.

We plan to operate primarily in offices, hospitals, hotels, residential areas, parks, and popular public facilities to maximize our exposure and customer reach.

To support our business, we have secured fully equipped and customized vending machines, licensed by local authorities and compliant with all health and safety regulations.

Our team consists of experienced and friendly staff who are passionate about creating a memorable experience for our customers. Mildred Merrick is the founder and CEO of Go Grab® Vending Machine, Inc.

Company Profile

A. our products and services.

At Go Grab® Vending Machine, Inc., our menu features a variety of snacks, drinks, and bottled water. We also offer dairy-free and vegan options to accommodate customers with dietary restrictions. To guarantee the quality and freshness of our products, we will work with local suppliers and distributors.

b. Nature of the Business

Our vending machine business will operate the business-to-consumer business model.

c. The Industry

Go Grab® Vending Machine, Inc. will operate in the vending machine and retail industry.

d. Mission Statement

Our mission at Go Grab® Vending Machine, Inc. is to give our customers more accessible food and beverage options while promoting healthy and sustainable lifestyle choices.

e. Vision Statement

Our vision at Go Grab® Vending Machine, Inc. is to become a leading vending machine business in the United States, offering a wide range of snacks, drinks, and bottled water.

f. Our Tagline (Slogan)

Go Grab® Vending Machine, Inc. – Bring Snacks and Drinks to You!

g. Legal Structure of the Business (LLC, C Corp, S Corp, LLP)

Go Grab® Vending Machine, Inc. will be formed as a Limited Liability Company (LLC). The reason why we are forming an LLC is to protect our personal assets by limiting the liability to the resources of the business itself. The LLC will protect our CEO’s personal assets from claims against the business, including lawsuits.

h. Our Organizational Structure

• Chief Executive Officer (Owner)
• Accountant (Cashier)
• Vending Machine Operators
• Truck Driver

i. Ownership / Shareholder Structure and Board Members

• Mildred Merrick (Owner and Chairman/Chief Executive Officer) 52 Percent Shares
• Rhodes Morgan (Board Member) 18 Percent Shares
• George Jason (Board Member) 10 Percent Shares
• Victor Manson (Board Member) 10 Percent Shares
• Deborah Daniels (Board Member and Secretary) 10 Percent Shares.

SWOT Analysis

A. strength.

• Ability to quickly adjust the menu and prices based on customer preferences
• Low startup costs compared to opening a brick-and-mortar store
• Ability to serve customers quickly and efficiently, leading to high customer satisfaction
• The business can be scaled up by adding more machines in new locations.
• Easy to manage and operate with a small team
• High mobility and flexibility, allowing the business to move to locations with high customer traffic.
• Vending machines are incorporating advanced technology such as cashless payment systems and remote monitoring to improve efficiency and customer convenience.

b. Weakness

• Limited menu options compared to a regular store
• Fluctuations in sales during certain times of the year, such as during holiday periods and school breaks.
• The success of the vending machine business relies heavily on the location and foot traffic of each machine.
• Heavy competition from other vendors, including other vending machines and food trucks.

c. Opportunities

• Ability to expand the business by securing regular locations at popular public facilities, hospitals, offices, and schools.
• There are always opportunities to place machines in new locations that can provide a steady stream of revenue.
• The trend towards healthier food and beverage options provides an opportunity to offer healthier products in vending machines.
• There is an opportunity to incorporate new technology such as touchless payments and digital screens to enhance the customer experience.
• With busy lifestyles, there is an increased demand for convenience which can be met through vending machines.
• Opportunity to introduce new menu items and specialty snacks to attract new customers.
• Possibility to partner with local businesses or organizations to provide catering services.

i. How Big is the Industry?

The vending machine industry is indeed a big industry. The global vending machine market was valued at $18.28 billion in 2019 and is expected to reach $25.25 billion by 2027, growing at a 6.7% CAGR between 2021 and 2027. From 2019 to 2027, the market is predicted to generate an additional $6.97 billion in sales.

ii. Is the Industry Growing or Declining?

Yes, the vending machine industry is growing and available data shows that more entrepreneurs and even conglomerates are venturing into the vending machine retail business to reach out to a specific target market.

iii. What are the Future Trends in the Industry

As consumers continue to prioritize healthier and more diverse drinks and snack options, vending machines may need to adapt their menus to meet these changing preferences. This could include offering more options. Vending machines may increasingly integrate technology into their operations, such as touchless payments and digital screens to enhance the customer experience.

iv. Are There Existing Niches in the Industry?

Yes, there are existing niches when it comes to vending machine business, and here are some of them;

• Art vending machines
• Beauty product vending machines
• Drinks and snacks vending machines
• Healthy vending machines
• Personal protective equipment (PPE) vending machines
• Pet care vending machines
• School supplies vending machines
• Sneaker vending machines

v. Can You Sell a Franchise of Your Business in the Future?

Go Grab® Vending Machine, Inc. has plans to sell franchises in the nearest future and we will target major cities with thriving markets in the United States of America.

• An economic downturn can lead to a decrease in consumer spending and a reduction in vending machine usage.
• Changes in consumer preferences and trends can affect the demand for certain products and potentially impact sales.
• The vending machine industry is highly competitive, and new entrants or existing competitors may impact market share and revenue.
• The COVID-19 pandemic has highlighted the importance of health and safety, which may affect customer behavior toward vending machines.
• The vending machine industry is subject to various regulations which can impact business operations and costs.

i. Who are the Major Competitors?

• Express Vending
• Farmers Fridge
• Fresh Healthy Vending
• Gilly Vending
• Healthy You Vending
• Naturals2Go
• Procter & Gamble
• SnackNation
• ZoomSystems
• 24 Hour Vending.

ii. Is There a Franchise for Vending Machine Business?

Yes, there are franchise opportunities for vending the machine business, and some of them are;

• American Vending Machines
• Healthy Cravings Naturals2Go
• HUMAN Healthy Vending
• Seaga Manufacturing
• U-Turn Vending.

iii. Are There Policies, Regulations, or Zoning Laws Affecting Vending Machine Business?

Yes, there are county or state regulations and zoning laws for vending machine businesses in the United States. Before they may operate, many counties and states require vending machine businesses to get a business license. Municipal zoning restrictions may limit the location of vending machines. Vending machines, for example, may be outlawed in residential areas or confined to specific types of commercial zones.

Vending machine firms in some counties or states are required to get permits for each machine they operate. Vending machine firms may be subject to health and safety standards, such as food handling, storage, and temperature control requirements.

Depending on the region and type of products sold, vending machine firms may be liable to sales tax or other taxes. Businesses that sell vending machines must follow the Americans with Disabilities Act (ADA), which requires accessible design for individuals with disabilities.

Marketing Plan

A. who is your target audience, i. age range.

Our target market comprises people of all ages.

ii. Level of Educational

We don’t have any restrictions on the level of education of those who will make use of our vending machines.

iii. Income Level

There is no cap on the income level of those who will make use of our vending machines.

iv. Ethnicity

There is no restriction when it comes to the ethnicity of the people who will make use of our vending machines.

v. Language

There is no restriction when it comes to the language spoken by the people who will make use of our vending machines.

vi. Geographical Location

Anybody from any geographical location is free to use our vending machines wherever they are located.

vii. Lifestyle

Go Grab® Vending Machine, Inc. will not restrict any customer from purchasing drinks and snacks from us based on their lifestyle, culture, or race.

b. Advertising and Promotion Strategies

• Deliberately Brand All Our Vending Machines with Attractive and Bright Colors.
• Tap Into Text Marketing.
• Make Use of Billboards.
• Share Our Promos in Local Groups and Pages.
• Turn Our Social Media Channels into a Resource
• Develop Our Business Directory Profiles
• Build Relationships with players in the retail industry and the public facility management industry.

i. Traditional Marketing Strategies

• Marketing through Direct Mail.
• Print Media Marketing – Newspapers & Magazines.
• Broadcast Marketing -Television & Radio Channels.
• OOH Marketing – Public Transit like Buses and Trains, Billboards, Street shows, and Cabs.
• Leverage direct sales, direct mail (postcards, brochures, letters, fliers), tradeshows, print advertising (magazines, newspapers, coupon books, billboards), referral (also known as word-of-mouth marketing), radio, and television.

ii. Digital Marketing Strategies

• Affiliate Marketing
• Content Marketing.
• Email Marketing.
• Influencer Marketing.
• Mobile Marketing.
• Social Media Marketing Platforms.
• Search Engine Optimization (SEO) Marketing.

iii. Social Media Marketing Plan

• Start using chatbots.
• Create a personalized experience for our customers.
• Create an efficient content marketing strategy.
• Create a community for our target market.
• Regularly update our profiles with a diverse content strategy.
• Use brand advocates.
• Create profiles on relevant social media channels.
• Run cross-channel campaigns.

c. Pricing Strategy

When working out our pricing strategy, Go Grab® Vending Machine, Inc. will make sure it covers profits, insurance, premium, license, and economy or value and full package. In all our pricing strategy will reflect;

• Cost-Based Pricing
• Competition-Based Pricing
• Penetration Pricing
• Value-Based Pricing.

Sales and Distribution Plan

A. sales channels.

Our sales channel strategy will involve using partners and third parties—such as referral partners, affiliate partners, strategic alliances in the retail industry, the public facility management industry, and freelancers to help refer customers to us.

Go Grab® Vending Machine, Inc. will also use marketing’s four Ps: place, pricing, product, and promotion. We will create visible, in-demand products that are competitively priced and advertised to our clients by carefully integrating all these marketing methods into a marketing mix.

b. Inventory Strategy

The fact that we will need regular supplies of drinks, snacks, and bottled water, means that Go Grab® Vending Machine, Inc. will operate an inventory strategy that is based on a day-to-day methodology for ordering, maintaining, and processing items in our warehouse.

We will prioritize freshness, quality, and timely availability while minimizing waste and optimizing costs. Go Grab® Vending Machine, Inc. will make sure we work with “Just-in-time (JIT) inventory” – (JIT involves holding as little stock as possible, negating the costs and risks involved with keeping a large amount of stock on hand.)

c. Payment Options for Customers

Here are the payment options that Go Grab® Vending Machine, Inc. will make available to her clients;

• Cash (inserting coins or bills into the machine to make a purchase)
• Contactless payments
• Credit/debit cards
• Mobile payments (such as Apple Pay or Google Wallet, which allows customers to make purchases using their smartphones)
• Loyalty cards
• Prepaid cards.

d. Return Policy, Incentives, and Guarantees

At Go Grab® Vending Machine, Inc., our customers are our top priority, hence our vending machine business offers a 30-day return policy for all purchases. If you are not satisfied with your purchase, please contact us within 30 days of the purchase date to arrange a return.

Returned items must be in their original packaging, unused, and in the same condition as when they were received.  Please note that the customer is responsible for the return costs. Go Grab® Vending Machine, Inc. also offers various incentives to our customers, including loyalty programs and discounts for bulk purchases.

For example, customers who make frequent purchases from our vending machines can join our loyalty program, which provides exclusive discounts, special offers, and rewards for their continued business. Additionally, we offer discounts for bulk purchases, such as buying multiple items at once.

e. Customer Support Strategy

Customers’ feedback will be sought as part of our customer service strategy. This will help us provide excellent customer service to our clients. We will work in partnership with stakeholders by using a good CRM platform to do this.

Operational Plan

Our operational plan will cover the day-to-day operations of the business, including procurement, vending machine restocking, equipment maintenance, staffing, and customer service.

a. What Happens During a Typical Day at a Vending Machine Business?

• Restocking the vending machines
• Cash Collection from the vending machines
• Maintenance of vending machines
• Inventory Management
• Ongoing Customer Service
• Administrative Tasks
• Marketing/website upkeep
• At the end of the day, the vendor cleans and sanitizes the vending machine, restocks supplies, and secures the equipment for the next day’s service.

b. Production Process

There is no production process for vending machine business.

c. Service Procedure

The service procedure for a vending machine business is focused on maintaining the machines in good working order, keeping them stocked with desirable products, and providing excellent customer service to ensure customer satisfaction and repeat business.

d. The Supply Chain

The supply chain for our vending machine business includes working with suppliers, transportation providers, and distributors to ensure that products are efficiently and effectively procured, loaded into the vending machines, and delivered to customers. Effective communication and planning are essential for managing the supply chain and meeting consumer demand.

e. Sources of Income

Go Grab® Vending Machine, Inc. will make money from selling drinks, water, and snacks.

Financial Plan

A. amount needed to start your vending machine business.

To successfully set up our vending machine in the United States of America, Go Grab® Vending Machine, Inc. would need an estimated $150,000 in funding. Please keep in mind that this figure covers all of our employees’ salaries for the first month of operation.

b. What are the Costs Involved to Open a Vending Machine Business?

• Business Registration Fees – $750.
• Legal expenses for obtaining licenses and permits – $1,300.
• Business Consultant Fee – $2,500.
• Business registration fee: $750
• Vending machines: $70,000
• Initial inventory: $10,000
• Permits and licenses: $500-$2,000
• Insurance: $500-$1,000
• Marketing and branding (logo design, website, social media): $500-$2,000
• Website: $600
• Opening party: $3,000
• Miscellaneous: $2,000

c. Do You Need to Build a Facility? If YES, How Much will it Cost?

Go Grab® Vending Machine, Inc. will not build a new facility for our vending machine business because by nature the vending machine business leverages public facilities to install their vending machines.

d. What are the Ongoing Expenses for Running a Vending Machine Business?

• Product costs (supplies)
• Machine maintenance
• Location fees
• Transportation
• Utility bills (internet subscriptions, phone bills, signage, and software renewal fees et al)
• Salaries of employees
• Marketing costs.

e. What is the Average Salary of your Staff?

• Chief Executive Officer – $55,000 Per Year
• Manager – $45,000 Per Year
• Accountant – $35,630,000 Per Year
• Truck Driver – $27,100 Per Year
• Vending Machine Operators – $26,000 Per Year

f. How Do You Get Funding to Start a Vending Machine Business?

• Personal savings
• You can apply for a small business loan from a bank or other financial institution
• You can use crowdfunding platforms such as Kickstarter or GoFundMe to raise money for your vending machine business.
• Research and apply for grants that are applicable to your vending machine business.
• Consider partnering with an investor who can provide funding in exchange for a percentage of ownership in the business.
• You can also seek funding from friends and family members who are willing to invest in your vending machine business.

Financial Projection

A. how much should you charge for your product/service.

We will usually charge based on the products in stock in our vending machines.

b. Sales Forecast?

• First Fiscal Year (FY1): $120,000
• Second Fiscal Year (FY2): $240,000
• Third Fiscal Year (FY3): $300,000

c. Estimated Profit You Will Make a Year?

• First Fiscal Year (FY1) (Profit After Tax): $50,000
• Second Fiscal Year (FY2) (Profit After Tax): $120,000
• Third Fiscal Year (FY3) (Profit After Tax): $180,000

d. Profit Margin of a Vending Machine Business Product/Service

The ideal profit margin we hope to make for Go Grab® Vending Machine, Inc. will be between 15 and 35 percent depending on the type of products retailed.

Growth Plan

A. how do you intend to grow and expand by opening more retail outlets/offices or selling a franchise.

Go Grab® Vending Machine, Inc. will grow our vending machine business by expanding to major cities in the United States and by selling franchises not just in the United States, but also in Canada and the United Kingdom.

b. Where do you intend to expand to and why?

Go Grab® Vending Machine, Inc. plan to expand to the following cities;

• Atlanta, Georgia
• Boston, Massachusetts
• Chicago, Illinois
• Dallas, Texas
• Las Vegas, Nevada
• Los Angeles, California
• New York City, New York
• San Antonio, Texas
• Phoenix, Arizona
• San Diego, California.

We are expanding to these cities because, these cities have large populations, a thriving business environment, and a diverse consumer base that may be receptive to new and innovative vending retailing concepts.

The founder of Go Grab® Vending Machine, Inc. Mrs. Mildred Merrick plans to exit the business via family succession. Go Grab® Vending Machine, Inc. has placed structures and processes in place that will help the company achieve its plan of successfully transferring the business from one family member to another and from one generation to another without any difficulties.

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