According to Allied Market Research, the vending industry market is expected to reach $25 billion by 2027. Vending machines are the new lemonade stand. With their low startup costs and contact-free nature, vending machines are a great idea for new business owners. Many parents buy machines to teach their children responsibility and finances. They are also a great source of passive income for college students and part-time entrepreneurs.
What Can Be Sold in Vending Machines?
In a sea of over 7 million vending machines in the U.S., creativity is necessary if you want your vending business to stand out. From fresh meats to false lashes and even used books, there is no limit to what you can sell. However, don’t get too caught up in the details. You don’t need a clever business idea to be successful. A well-placed machine filled with sodas, chips, and candies is all you need to get started.
Where To Buy Vending Machines
Vending machines can be bought brand new from retailers, but to get the highest return on your investment, you should look to secondary sources such as individuals and auctions to purchase your machine at half the cost.
Compass Auctions’ August Day 1 auction has multiple varieties of vending machines to start your business. The Wittern Vending Machine 3589 allows you to sell snacks and cold drinks in one machine and this vintage 1950’s Coca-Cola Glass Bottle Vending Machine is a staple of Americana that will help any storefront or mancave stand out. Both machines are scheduled for auction on August 31st @ 10am ET online and in-person. Pre-bidding is open now!
Consignments
Our concierge level of service makes selling your equipment and surplus property easy with Compass Auctions & Real Estate. Our team lists, markets, and accepts payments for your item, so all you have to do is look forward to receiving your check. Call 800-729-6466 to get more information on how to sell your items with Compass Auctions.
About Compass Auctions
Compass Auctions and Real Estate hosts monthly auctions featuring heavy equipment, firearms and ammo, industrial equipment, vehicles, jewelry and collectibles, and restaurant equipment. Our team is here to help! If you have questions about any of the items for auction, call 800-729-6466 or send an email to info@soldoncompass.com.
Follow us on social media to stay up to date with the latest news and new inventory.
Facebook: Compass Auctions and Real Estate
Instagram: @soldoncompass