Tag: Buy Vending Machines

evending.com - Financing Options for Your Vending Business – An Overview

Financing a vending business

Like all businesses, vending needs investment in capital and operating expenditure. Buying a vending machine and the first stock is a capital expense that you need to make upfront before making money from your machine. For a small business looking to expand or a first-time investor, the capital expense can be prohibitive. This is where financing helps. Working with a reliable financing partner can help you get the vending business going or drive its growth without worrying about cash for capital. But that is just the tip of the proverbial iceberg. Financing can do much more for your vending business.

Leapfrogging the capital hurdle

Financing options democratize the vending business. As discussed earlier in this article, It empowers small or individual investors to enter the vending industry. Small businesses can leverage finance to accelerate growth. Such broader participation in the vending business results in a perfectly competitive market driving value for all stakeholders.

Scalability translates to profitability

The vending industry is a numbers game. The more the machines, the more significant the number of transactions and the higher the cumulative profits. Under ordinary business circumstances and similar installation locations, investors can multiply their earnings by deploying multiple machines. Financing can help achieve that.

Liquidity in vending equals success

Like all businesses that experience a quick capital turnover, in the vending business, “cash-is-king.” Liquidity drives the risk appetite of the business owner, allowing novel products, promotional campaigns or any other initiatives that can catapult the business to the next level. Financing options help prevent locking up valuable cash in capital expenditure.

Driving customer experience

The primary value that a consumer derives out of a vending machine is convenience. Operators who continuously invest in delivering the best experience for customers stay ahead of the competition. Upgrading the machine with peripherals like touch screens, cashless payment systems, UV disinfection systems and components that guarantee successful transactions can improve the customer’s experience. Such components can be procured and deployed using financing from reliable partners without choking under the weight of capital requirements.

Cost of ownership

Vending machines are electro-mechanical equipment with several moving parts. Such pieces of machinery undergo wear and tear over their life. Maintaining the machines through timely replacement of parts and replenishment of consumables is essential for the long life of the machine. Technology keeps evolving over the life of the machine. Investors need to manage obsolescence by investing in contemporary technology. All such maintenance and upgrades can drive up the cost of ownership. Financing can help tide over challenges due to the cost of ownership.

Finding the right financing partner

The benefits of financing your vending business are clear. From buying to owning and even upgrading vending machines, financing can help make business decisions that drive growth and profitability. However, the key to realizing the full benefits of financing is working with the right financing partner. A financing partner who understands vending is more likely to realize the potential of the business they are funding.

The partner needs to be a reliable firm that can work with your vending machine manufacturer to ensure timely disbursal. This will ensure that you can buy and deploy machines on time and realize profits quicker. Lastly, your financing partner who is willing to finance beyond just the procurement of machines can make a big difference. Partners who can help you upgrade and maintain your machines throughout life can help your business go a long way.

Financing options with eVending

When buying machines from eVending, you can leave financing worries to the experts. eVending and Inland Finance share the 90+ years of legacy and reliability of The Wittern Group. Together, they help you select the best machines, finance their purchase and commission them.

You can download a printable application form and fill it out and fax it to apply. Digitally savvy business owners can also apply online here. Our financing team will process your credit application and suggest flexible finance tenures ranging between 6 and 48 months. You can choose to hold payments for the first 90 days and invest cash from your business back into it. With so many attractive features, making your first steps or growing your existing vending business is such an easy decision to make.

To know more about how we can help you finance your vending business, call us at 1-866-958-4501 or visit us here.

Financing Options for Your Vending Business – An Overview
evending.com - Financing Options for Your Vending Business – An Overview
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Financing a vending business Like all businesses, vending needs investment in capital and operating expenditure. Buying a vending machine and the first stock is a capital expense that you need to make upfront before making money from your machine. For a small business looking to expand or a first-time investor, the capital expense can be

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Starting a new business is always exciting, but can be overwhelming. A lot of research within your desired industry must be done to find the right equipment and product for your business. The vending industry is no different. Jay Glatting of LIT Property Services began his vending business as a way to make extra money. Prior to purchasing a machine, he came up with a list of standards that were “must-haves” for his vending business.

As Glatting began his search for his first vending machine, he knew he wanted to purchase from a well-known manufacturing brand, as opposed to purchasing from a distributor. He wanted to ensure that he was purchasing high-quality machines, which could lead to an expansion of his business down the road. After doing his research, he found that eVending helps fit his needs.

Glatting found eVending to be a reputable company with a wide variety of vending machine options. “It seemed like eVending was selling the machines that other people were reselling with a wide variety of options,” Glatting said. “You had what I needed or you could make what I was looking for.”

For Glatting, having a reliable vending machine was one of the most important factors in choosing a vending machine. He wanted something that was high quality and high value, as opposed to the cheapest machine. From a technical standpoint, Glatting is satisfied with the minimal technical issues he has encountered. “From a technical standpoint, I haven’t had an issue that cannot be diagnosed over the phone or with a local service person.”

As with any business venture, Glatting has learned quite a bit about vending that he did not know before. Since purchasing a new machine, Glatting has become more familiar with product options and learned the importance of credit card process aspects of the machine. Additionally, Glatting is figuring out what to do to better his business even more. For example, since he has an outdoor machine, he is finding ways to better secure his machine and his products.

When asked about his vending experience thus far, one phrase came to mind: satisfied, with room to improve. “I was unfamiliar with the setup options and was in the dark about what product and the shapes and options of the vending choices, Glatting said. “Next time, I will spend more time learning about those aspects.”

In fact, the one piece of advice Glatting wants to pass on to others looking to get into the vending business is simply to specify the specific products you intend on selling so the machine is set up for those products when the machine is built.

Glatting also provided a bit of advice for anyone wanting to get in the vending business, specifically with eVending products. “I would say that eVending is a reliable company with equipment that is easy to operate and manage, without much technical experience,” said Glatting.

Although Glatting is relatively new in the vending industry, he still has plenty of goals for his business. One of these goals is to continue to purchase more machines as he finds new locations. Luckily, eVending is able to help with this by providing adjustments to his machine in order to better suit his product needs.

Prior to purchasing his machine, Glatting had a relative idea of what he was looking for. He wanted a reliable vending machine from a reputable company, as opposed to a third-party distributor. eVending was able to help him accomplish this, and do so much more.

No matter what stage you are at with your vending business, eVending can help you. For additional questions about our products and services, give us a call at 800-944-5524.

A Reliable Machine from a Reliable Company
A vending operator loading Sun Chips into a Futura Vending Machine with a tilted tray for easy loading
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Starting a new business is always exciting, but can be overwhelming. A lot of research within your desired industry must be done to find the right equipment and product for your business. The vending industry is no different. Jay Glatting of LIT Property Services began his vending business as a way to make extra money.

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Having considered adding one or two snack vending machines to your retail business, you can either contract with a company to supply them and keep them filled or you can find somewhere to buy vending machines that you will not only own, but you will be in charge of filling and taking care of. This way you will always know that your machines are filled with snacks.

The Internet is the Best Place to Buy Vending Machines

You are not likely to find anywhere locally to buy vending machines and if you do, you may not like prices that the companies selling them are going to ask you to pay. When you shop online with us you will not only get fantastic machines for your business, but we sell them at surprisingly low prices that should easily fit into your budget.

Where Can I Go to Buy Vending Machines at Reasonable Prices?
By

Having considered adding one or two snack vending machines to your retail business, you can either contract with a company to supply them and keep them filled or you can find somewhere to buy vending machines that you will not only own, but you will be in charge of filling and taking care of. This

Read More

As a business owner, you have decided that you want to add a few snack and soda machines to your business locations in town. The hard part is deciding whether you need to buy vending machines or find one of the various services that will provide the machines and keep them stocked for you. There are a few things you need to consider before you make your final decision.

When You Buy Vending Machines They Are Your Responsibility

One of the most important things you need to keep in mind if you are going to buy vending machines is that they are your responsibility. This means that you are going to have to keep them stocked as there is no point in having empty vending machines just sitting there. The only way they can make you any money at all is for you to keep them filled. At the same time as long as you can take time out to do this, they will make money for you.

Do You Need to Buy Vending Machines for Your Business?
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As a business owner, you have decided that you want to add a few snack and soda machines to your business locations in town. The hard part is deciding whether you need to buy vending machines or find one of the various services that will provide the machines and keep them stocked for you. There

Read More

Your employees have been pestering you for months to add new vending machines to your break rooms and a few select locations throughout the factory floor. The problem is that everywhere you have gone in your search for somewhere to buy vending machines, the prices have either been too high or the quality too low. If neither of these sounds like what you are looking for, you will need to find another place to buy the machines you want.

You Can Buy Vending Machines Online

Perhaps one of the best places to buy vending machines is online. Here you will find that we have an excellent selection of both new and fully refurbished models for you to choose from. We offer a complete range of both cold drink and snack vending machines at very reasonable prices, in fact when you see our low prices you may find that you can afford to add more machines than you were originally planning on.

Where Are You Going to Buy Vending Machines for Your Factory?
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Your employees have been pestering you for months to add new vending machines to your break rooms and a few select locations throughout the factory floor. The problem is that everywhere you have gone in your search for somewhere to buy vending machines, the prices have either been too high or the quality too low.

Read More

You have been thinking about starting your own vending machine business, but as of yet you have not been able to find anywhere to buy vending machines locally. This is nothing unusual as there are not that many places you can go to where you can buy top quality new and used vending machines. Occasionally you can find them at auctions and in pawn shops, but you have no way to know if they are any good before you buy them.

You Can’t Afford to Buy Vending Machines that Don’t Work

The last thing you can afford to do is buy vending machines that don’t work, especially if you are just getting started in your own business.  Rather than risk wasting your money in this manner, you will find that we carry a full selection of top quality new and used vending machines at prices you can easily afford. All of our used machines have been refurbished and are in like new or very good condition so that you know you can count on them to provide you with top operational performance.

What to Do When You Can’t Buy Vending Machines Locally
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You have been thinking about starting your own vending machine business, but as of yet you have not been able to find anywhere to buy vending machines locally. This is nothing unusual as there are not that many places you can go to where you can buy top quality new and used vending machines. Occasionally

Read More

Now that you have finally decided to start your own vending machine business, you have to find the right place to buy the vending machines you need from a local seller if you can find one or take a chance and buy them online. Although you might think that it is better for you to see the machines before you buy them, this is not always a necessity and can be an expensive decision.

More Likely when You Buy Vending Machines Online You Will Save Money

Keep in mind that if you decide to buy the vending machines you need online, you are going to realize significant savings as compared to buying them from a local vendor. When you buy them from us, whether you opt for new or used, you are assured of getting top quality vending machines that will provide you with years of service.

Is It a Good Idea to Buy Vending Machines Online?
By

Now that you have finally decided to start your own vending machine business, you have to find the right place to buy the vending machines you need from a local seller if you can find one or take a chance and buy them online. Although you might think that it is better for you to

Read More

Having considered adding one or two snack vending machines to your retail business, you can either contract with a company to supply them and keep them filled or you can find somewhere to buy vending machines that you will not only own, but you will be in charge of filling and taking care of. This way you will always know that your machines are filled with snacks.

Online is the Best Place to Buy Vending Machines

Chances are that you won’t find anywhere locally to buy vending machines and if you do, you may not like prices that the companies selling them are going to ask you to pay. When you shop online with us you will not only get the right machines for your business, but we sell them at surprisingly low prices that should easily fit into your budget.

Where Can I Buy Vending Machines at Affordable Prices?
By

Having considered adding one or two snack vending machines to your retail business, you can either contract with a company to supply them and keep them filled or you can find somewhere to buy vending machines that you will not only own, but you will be in charge of filling and taking care of. This

Read More

At eVending.com, we are confident in our line of quality snack machines, but we understand some customers may feel they cannot afford to purchase a machine. That is why we are now offering a special finance plan for all of our new customers, as well as several other benefits for our loyal customer base.

  1. combo vending machinesMake no payments for three months. When you buy vending machines from eVending.com, you do not have to make any payments for three entire months. Those are 90 worry-free days of watching your new customers delight in your Futura or mini vending machines.
  2. Enjoy a lifetime of toll-free technical phone support. You are never alone when you work with eVending. In addition to our standard five-year limited parts warranty, our technicians are here to help you with programming, energy usage, or any other questions you may have, Monday through Friday.  We also offer extensive email support. Should you require local assistance, we have more than 400 vending service centers nearby to give you one-on-one help.
  3. Receive replacement manuals via email. Sometimes you do not need extra assistance; you have simply misplaced the manual. No need to worry. Click here anytime to request another manual and we will send it to you right away.
No Payments for Three Months
By

At eVending.com, we are confident in our line of quality snack machines, but we understand some customers may feel they cannot afford to purchase a machine. That is why we are now offering a special finance plan for all of our new customers, as well as several other benefits for our loyal customer base. Make

Read More

Should you buy vending machines online?

When you are ready to buy vending machines in the hopes of starting your own business, you can either find a local vendor to buy them from or you can buy them online.  While you might think that being able to see what you are buying in person before you buy it is a better idea, you may find that this is an unnecessary and ultimately costly expense you need to avoid. Online vending machine manufacturers are reliable and have a strong network of support for you new purchases. Reliability can be searched online with customer testimonies and social media. Knowing who you are buying vending machines from gives you the buyer that extra sense of security.

Save Money When You Buy Vending Machines Online

One of the best reasons to buy vending machines online is that you are going to be able to get the machines you want at much lower prices than you would if you tried to buy them from a local vendor. You will find that most online retailers offer a satisfaction guarantee so that if you end up with a machine you do not like or is not suited to your purpose, you can exchange it or return it. This proves to be more cost effective for you the buyer. Better prices, more selection, and satisfaction guarantee means you get exactly what you want.

Should You Buy Vending Machines Online
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Should you buy vending machines online? When you are ready to buy vending machines in the hopes of starting your own business, you can either find a local vendor to buy them from or you can buy them online.  While you might think that being able to see what you are buying in person before

Read More