Are ice vending machines a good investment?
On One Hand: Cool As IceAccording to icevendingmachine.net, the start-up cost of getting into the ice vending machine business is $7,500. If you were to sell 50,000 bags of ice you’d make $75,000 profit and have $8,000 expenses to pay plus taxes. For every 50,000 bags of ice sold, the net profit then becomes $57,000.On the Other: Looking Not So HotMathematically, to get that kind of income you’d have to sell 156 bags of ice every day. Unless your ice vending machine is in a populated, hot city that uses a lot of ice, your investment is not going to pay off for several years.Bottom LineDo a little research about how many ice vending machines are in your area and if demand is there for another machine. If so, it might be a good investment to make.
