Why should you consider vending?
When you have made the difficult decision to leave the security of a salaried job and start your own business, the next decision is what industry to go with. Looking through the many business opportunity magazines and adverts presents you with a daunting selection of potential businesses, all claiming to offer the best opportunity and the highest returns, so why should you decide to enter the vending industry?
Vending is not a new industry, far from it, vending has been around since Roman times when pure drinking water was vended. Modern vending as we know it, has been for the past 70 years or so, with a wide selection of simple mechanical to sophisticated electronic vending machines, vending every conceivable product.
Vending machines in the 24/7 culture of the twenty first century are an accepted part of our everyday lives, so much so that most of us barely notice the profusion of vendors where ever we go. It is interesting to imagine a world without vending machines in all the convenient places that we just expect to find them, in our places of work, leisure centres, hospitals, stations, street corners, toilets, pubs – in fact you can hardly think of a location where you won't find one or expect to find one. Vending works as a business concept because it offers the consumer convenience and opportunity, when ever and where ever the consumer desires. It is this fundamental fact that makes vending a truly viable and desirable business proposition.
Many businesses are dependent upon a buoyant economy to thrive. Should the economy start to falter with credit crunches, rising interest and mortgage rates, increased unemployment and the onset of a recession, many businesses reflect this economic downturn with reduced sales and profits, and can even face closure. Fortunately, this barely effects most forms of vending due to the low cost impulse buy nature of most vended products particularly comfort eating treats which consumers purchase regardless of outside economic forces.
No setting up costs or ongoing business overheads, ensures vending is one of the most profitable low start-up cost business ventures available
In most businesses the setting up cost can be very high in acquiring and fitting out premises, purchasing specialist equipment, vehicles, stock, advertising and marketing etc. should the business fail, the vast majority of that investment will be lost and the business will be finished. In vending the major investment is in the vending equipment, the variable is the site, and as long as you are able to acquire sites your vending equipment will always take money, in fact there are many operators today using vending equipment purchased over twenty years ago that has been in several sites over the years.
Other than the largest of vending operations, premises are not required for warehousing or offices, as even a reasonable size business can be effectively run from home using a garage or spare bedroom for the relatively small amount of stock that needs to be held. A commercial vehicle is not required for most vending businesses as the family hatchback or an estate car would be perfect for visiting your sites.
Compared to almost every other business category, vending provides a relatively low cost, low risk business opportunity with simple predictable growth in the long term. Of great appeal is the speed in which a new vending venture can be established and successfully trading. Our franchised operators can be up and running their new business within one week of receiving their vendors and stock, and collecting their first sales revenue a week after that! Vending further benefits from being a cash business with no debtors and therefore no risk of customers not paying or having to finance the credit terms you offer your customers.
For those requiring a new business that can fit around either an existing business, or existing family commitments, vending offers total flexibility. To service a simple mechanical vending machine can take as little as 5 to 15 minutes, with many sites having out of business hours opening, allowing the operator to visit when it suits them and when they have the time.
"…grow your business at will, adding extra low cost vendors as and when required to increase your monthly income"
Finally, vending offers the opportunity to expand and grow your business at will, adding extra low cost vendors as and when required to increase your monthly income. Many operators started their vending businesses purely for some part time extra income, and have eventually built substantial size operations of several hundred vendors producing very serious profits.
Contrary to what you may hear, vending is not the lazy mans road to riches! Vending like any other serious business requires effort and commitment if you are going to be truly successful in vending you will have to work at it. The good news is that vending is incredibly time efficient compared to most businesses and the real advantage is that as you do other things – your vendors continue to do business and earn you money 7 days a week 24 hours a day, now that really separates vending from the rest!
Future vendingWith the overwhelming success and popularity vending has enjoyed for many years, you would be right to assume the industry has peaked? – Far from it, the reality is that the UK vending market is still rapidly growing year on year in many sectors.
It is calculated that the UK vending market for 2008 will be worth over £3.6billion, with the major growth coming from the confectionery, snacking and chilled drinks sectors. This trend is predicted to continue as the market evolves with new products and innovative vending equipment that gives consumers more convenient access to low price point impulse purchase products
"It is calculated that the UK vending market for 2008 will be worth over £3.6Billion"
In today's fast moving busy world vending is finding a new enlarged market as consumers struggle to find sufficient time to fulfil their everyday tasks and this includes eating and drinking, hence the enormous growth within the snacking, confectionery and drinks sectors.
If you do your research, and ask the right questions, you will be able to benefit from this booming industry with a franchise from a reputable, innovative vending company that has a proven track record and can offer the solutions and profitability that are key to a successful long term vending business.,
For further information on the Vending Revolutions innovative solutions to vending that has quite literally revolutionised the UK vending industry, contact our Franchise Director Barbara Fellowes, who will be pleased to answer your questions and give you more in-depth information and confirm area availability. You are then welcome to make an appointment to personally visit our new offices and warehouses, see our state of the art packing plant in action, discuss your plans and ambitions, and see at first hand why we are the most sought after franchise in the vending industry.
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