If you’re looking to get into franchising, look no further than water vending machine franchising. Within the past few years, it’s quickly grown into a multi-billion-dollar industry, and a report shared by Vending Market Watch lists that food and beverage vending machines make up the majority of vending market shares across the whole U.S. and account for nearly one-third of all vending sales. What makes it so appealing to entrepreneurs? Well, its benefits make it easy to be a fan of water vending machines, as they offer a way to provide pure drinking water to your community while building your franchising portfolio. Not only that, it’s a reliable franchising business opportunity that is also very low-maintenance!
Below, check out our five reasons why you should invest in water vending machine franchising, and if you’re interested in learning more, schedule a call with me.
Ease of Use
A significant benefit to owning a water vending machine franchise is that they require significantly less day-to-day than other franchises because there aren’t any employees or managers to monitor. This makes for a more painless franchising experience for owners overall. Because there are no water bottles, there’s no need to worry about stocking machines.
One of the favorite reasons to invest in a water vending machine franchise is that you can earn passive income without continually monitoring your business. Many vending machines don’t require much maintenance, and water vending machines are included in that group.
Franchise owners can check in on their machine every three to six months to ensure that filters are operating correctly and that the machine is clean. Best of all, because vending machines are so easy to run, they open the door to multi-unit franchising opportunities!
Water vending machine franchising can be a relatively smaller investment that yields big profits, so if you’re looking for a way to get into the franchising industry, this is a promising venture. With vending machines, you can start making money as soon as you plug up your machine and adjust its settings; a far departure from other franchising categories.
The average cost of franchising a machine is between $1,200 and $3,000 for a used or refurbished machine. It’s between $3,000 and $10,000 for a brand-new machine. Of course, size and features also play a part in the overall cost of getting these franchise machines up and running. Buying into the franchise itself can start at $20,000. That said, some franchisors will want you to make a minimum purchase so let’s talk first about what options are best for you and your situation.
There’s Always a Need
Water is one of the few resources we can’t do without. We can survive weeks without food, but only three days without water. So needless to say, we will always need water. However, tap water isn’t always the safest water source. That’s why investing in a water vending machine franchise is an excellent way to ensure that people drink the safest water possible. The best place to set up shop is in areas with lots of foot traffic. This includes places like hospitals, gas stations, gyms, apartment complexes, and more.
Good for the Environment
An overlooked bonus to investing in a water vending machine franchise is that it’s better for the environment. Americans spend billions a year on water bottles, and many of those bottles end up in landfills. This leads to harmful toxins leaching into the ground and our water supply, which ultimately harms humans and animals alike. The presence of your water vending machine will not only reduce your community’s carbon footprint but also convert bottled water drinkers!
Blackmore Franchise Consulting
Water vending machines are a promising business venture for new and veteran franchise owners alike. As you read above, they offer many benefits, and at Blackmore Franchise Consulting, I can help you figure out which water vending machine franchise is best for you!
Are you interested in learning more about vending machine franchising or our services? Contact me to chat!