If you are looking for a sample vending machine business plan template, here is a business plan for starting a vending service business and free feasibility study example you can use.
VENDING MACHINE BUSINESS PLAN SAMPLE AND FEASIBILITY STUDY REPORT FORMAT – WATER, COFFEE, SODA, ICE
How much does it cost to start a vending machine business? Are vending machines a good business?How much does it cost to rent a vending machine?
Technology has made the world a very comfortable place to live. As a result of this, most people will easily replace any activity that requires some effort on their part with activities that require no effort. This implies that most individuals will choose to get their drinks and snacks from a vending machine instead of going into a retail store.
This might appear very simple. However, it is very significant. The fact that people would choose convenience over effort means there is a high demand for vending machines. The therefore makes the vending machine business one that is worth going into.
If you are looking to startup a reverse vending machine business, by now, you should know all the requirements. Just like every other business, a business plan is one of the requirements for starting a vending machine business. This article contains a vending machine business plan sample.
That said, below is a comprehensive business plan sample for a vending machine business.
How do I start a vending machine business?
Business Name: Jojo and Tata Vending Machine Company
- Executive Summary
- Our Products and Services
- Vision Statement
- Mission Statement
- Business Structure
- Market Analysis
- Sales and Marketing Strategy
- Financial Plan
- Competitive Advantage
Jojo and Tata vending machine Company is a business that is concerned with dispensing a very broad range of products. It is a business that will be located in Dallas, Texas. It is owned by Josephine and Taylor, two very prolific business people with over twenty years of experience in the business world. Jojo and Tata vending machine Company has already gotten a fairly large ware house that will house all our vending machines.
At Jojo and Tata vending machine Company, we are interested in making all types of edibles available to our potential customers. However, we will put more focus on the provision of drinks. We will make sure that everyone that patronizes us gets a treatment that is second to none.
Our Products and Services
Jojo and Tata vending machine Company is in this industry to make gains. Although we are looking to make gains, we do not intend to do this at the expense of our customers. We intend to give our customers the best service that can be obtained in the vending machine industry. We intend to stock our vending machine with products from some of the top brands in the United States.
Some of the products that we will offer at Jojo and Tata vending machine Company are;
At Jojo and Tata vending machine business, our vision is to setup a vending machine business that will be well known in the whole of Texas as well as the entire United States. Beyond the United States, we also intend to have a strong presence in key cities in Canada.
Our mission at Jojo and Tata vending machine Company is to setup a vending machine enterprise that will provide a broad range of products to those residing in Dallas Texas. We intend to also make these products available at prices that everyone will afford.
At Jojo and Tata vending machine Company, we are not just interested in starting a vending machine business, we are interested in becoming one of the biggest in this industry. We are also looking to spread from Texas to other major cities in the United States and beyond.
We know that unlike being average in this business, being a huge success requires a lot of work. Therefore, to make this happen, we will start by making sure that we have the needed structures for this to take place.
We will employ only those that we consider qualified to run businesses at the highest level. We will also provide a conducive working environment for all our workers.
The retailing industry is not new to anyone. However, there is a rapid innovation in this industry. This rapid innovation is as a result of the rapid rise in technology. The rise in technology has brought about the prominence of vending machines in the retail industry.
Vending machines are not just prominent at the moment, they have also come to stay. This is because they do not only make life easier for people, they also offer cheaper prices. This makes people spend less money in the long run.
Our Target Market
The vending machine industry is an industry that caters for the needs of virtually everyone. This therefore means that we can offer our services to almost everyone. However, to achieve our aim of starting up this business, we have chosen a target market.
Those that make up our target market include;
- Business Executives
- Sports men
Source of Startup Capital
We are looking to startup our vending machine company on a large scale. As a result of this, we will need $100,000 to set up our vending machine company. We already have half of this amount. We are looking to get the remaining amount from the bank.
There is a high level of competition in this business because not very much is needed to start it. To stand out of the crowd, we are going to stock our vending machines with a very broad range of products. With this, our prospective customers will always get whatever they need from our vending machine.
This is a vending machine business plan sample for Jojo and Tata vending machine Company. It will be located in Dallas, Texas and will be setup with $100,000.