Hi Swans
I was in the same position as you, and I did not need to join a franchise and spend a small fortune. I recommend that you get some unbiased advice off someone that is not involved with any franchise.
I bought my first machine from a business auction also I have purchased off ebay in the past just be careful when buying off ebay that you are not buying someone else's junk! A big source of machines for me ( snack and snack and can) was from actual local based vending operators who were buying new machines and therefore selling some of their older stock.
Don't let anyone convince you that you need mega-bucks machines and contract vehicles etc etc you don't you can start with a couple of hundred quid and buy your stock from Costco ( cans of pop and crisp) ....though for me the local market was better for me great deals on chocolate bars.
Hi TAV
Good advice that I am sure a few individuals will be able to take heed of and build themselves a nice vending round without the need for professional support.
I would like to take one aspect of what you say which has already been highlighted by Venderbase which is vending is not about the equipment, even the product is secondary, what vending is really all about is the SITE!
If there are people out there like yourself TAV, who are skillfull sales people and negotiators and who have the confidence and background to successfully cold call then I fully endorse everything you say and even recommend it. Unfortunately getting sites for the vast majority of individuals even those who have been in business previously is a lot easier said than achieved. The way vending really works is that getting sites is not only incredibly difficult for most, but the only other question which has not been covered which is vital to your profitability and future ability to grow your business is the site commission question.
Site commission is probably the most contraversial and damaging element of the vending industry. The present entry level commission is somewhere between 20-25% of your gross revenue, unfortunately with human nature being what it is and the high volume of desperate operators willing to give anything to gain a site or even poach one from an existing operator has meant that commission levels in recent times have soured. It is now not uncommon to be forced to pay anything up to 40% of your gorss revenue to win a site, needless to say at this level of commission you are just turning money over and barely covering your costs. Certainly there is no profit in the arrangement.
For those that do not have the aforementioned skills and confidence and who wish to have a businesss that is highly profitable enabling them to grow their business going to a professional company who can acquire fully qualified sites with a commission level that makes sense such as 5%, the option of working with a franchisor makes strong commercial sense and contrary to how the industry WAS a couple of years ago the rip off companies that were once charging an extortionate £1,000 for a simple vending machine and charging you monthly management fees are thankfully history.
Regards.
Barbara Fellowes