How Much Is a Vending Machine in Australia? Buy Vending Machines
Although vending machines have been around for decades, the industry continues to be booming to this day.
You can find these vending machines everywhere from malls and truck stops to workplace break rooms.
So how much is a vending machine in Australia?
The price range of a vending machine in Australia can vary anywhere from AU$2,000 to AU$10,000 depending on various aspects of the machine, such as the brand and model. However, you should also consider other upfront costs of operating a vending machine, such as permits and fees.
If you want to start a vending machine business, there are some essential steps to take as well as aspects to keep in consideration.
In this article, we’ll tackle some of these questions to guide you through this business opportunity!
RELATED READ: How Much Does It Cost To Fill A Vending Machine? Factors Affecting the Cost
How Much Does a Vending Machine Cost in Australia?
Vending machines come in a variety of models and builds that are made by various manufacturers.
These vending machines can easily vary in terms of features, and therefore, come at a significantly different price.
Additionally, the price of a vending machine can vary depending on what they serve, as some vending machines, such as soda machines, may require refrigeration systems that add to the price.
Yet, we can still put an estimate of the expected price of a typical vending machine. For example, a budget-friendly vending machine will cost you anywhere from 2,000 to 4,000 AUD while a high-end model can set you back up to 10,000 AUD.
Used vending machines will vary depending on the model as well as the condition and operational status.
Well-established vending machines will usually cost the highest while old machines that require part replacement and heavy maintenance will usually cost a fraction of what a new one costs.
Where Can You Buy Vending Machines Available in Australia?
There are plenty of wholesale suppliers that specialize in selling brand new vending machines in Australia. You can find these suppliers offline or online.
One of the easiest places to buy vending machines online is Alibaba and World Wide Vending. There, you can find a wide range of options including:
- Snacks vending machines
- Coffee vending machines
- Soda and drink vending machines
- Combo vending machines
- Photo Booth vending machine
Not only that, but you can also find a variety of replacement parts online for maintenance and upkeep.
How Much Does It Cost to Stock Up a Vending Machine?
Fortunately, vending machines are usually the most expensive part of starting a vending machine business.
In fact, you can stock up your inventory with as little as 200 to 300 AUD depending on the type of items you’re offering in the machine.
How Much Does a Vending Machine Earn in Profits?
Vending machine business is quite profitable, but the exact amount of profits will also depend on various factors, such as:
- Picking a high traffic location for the machine
- The profit margin and prices of the offered products
- How frequently you’re going to restock the inventory
- Offered a variety of payment options
Keeping all that in mind, the average vending machine can earn anywhere 500 to 800 AUD every month, which translates to anywhere between 6,000 to 9,600 AUD per year.
This means that vending machines can return profits on their investment within a year if you manage it properly, allowing you to expand your business and double your profits in the long run!
Do You Need a License to Operate a Vending Machine in Australia?
One of the biggest advantages of the vending machine business in Australia is that you don’t need to carry any special license in order to operate or own a vending machine.
All you need for that is an ABN (Australian Business Number) if you own and operate your vending machines personally and an ACN (Australian Company Number) if you’re running your vending machine business through a company.
ABN and ACN are considered standard procedures for any business in Australia and shouldn’t be difficult to obtain.
Additionally, there might be some extra fees depending on where you’re going to place your vending machine. For example, some malls and workspaces might charge a monthly fee depending on the machine’s size and location.
Some types of food that require temperature control may also require certain permits, so you have to keep that in mind.
What Are the Advantages of Vending Machine Business?
Owning and operating a vending machine comes with a wide range of benefits that make it an excellent business opportunity. Here are some of these advantages:
- Remarkably low upfront costs for a long term business
- Passive income business that can be easily maintained with quick bi-weekly visits to the machine
- Relatively low risk because you can always change the location of the machine and start fresh
- Advanced vending machines accept various forms of payment
What Are the Drawbacks of Vending Machine Business?
Despite all their merits, the vending machine business isn’t totally perfect. Here are some of the drawbacks that you should keep in mind before deciding to buy your first vending machine:
- The profitability of the business depends heavily on location, which can be pricey due to competition
- Scaling up can be a little slow at first
How to Start a Vending Machine Business in Australia
Now that you know more about vending machines, how much do they cost
- Obtain an ABN and/or ACN number
- Pick a proper vending machine for your business
- Consider financing options for your machine and supplies, such as bank loans
- Pick a suitable location to establish your vending machine
- Contact wholesale suppliers to stock up your inventory
- (Optional): Hire a vending machine operator to fully automate the business
Final Thoughts
In the end, we hope that this guide has helped you find out more about the prices of vending machines in Australia and whether it’s a profitable business opportunity.
As you can see, the vending machine business is a great way to make passive income with little to no maintenance, especially if you hire a vending machine operator to take care of the machine’s maintenance and upkeep.
