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The Vending Machine Market
Why do you pay $2.50 in a restaurant or a convenient store and $1.00 for a similar can of pop, when you can buy it from a vending machine? The answer is obvious. The $1.50 difference goes for labor, rent, and overhead. The vending machine occupies a few square inches of the business floor space and lets you drink where you please with no wait.
What's the Labor Involved?
For the customer, it means dropping a coin or two, or inserting a $1 bill into the convenient slots. For the vending operator, it only involves the time it takes to restock the machine and pick up the profits.
There are almost no types of goods that cannot be found in these ubiquitous machines. From snacks and candy, lunch buckets, and gum to healthy foods, frozen items, and cold drinks - vending machines have it all!
These machines are among the biggest lines in terms of sales and dollar volume. Obviously, those dimes, nickels, and quarters add up. After just a few months, those coins turn into thousands of dollars.
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