Been doing bulk candy, gumball and toy machines for years. Did snack and soda for a couple years. Never tried video, cranes or redemption style games
How do you build up a portfolio of locations? Pay a locator or hit the streets and be a salesperson. I do a little of both. Occasionally the locator gets a good one but I have better results when I secure
Locations.
How do you value the business where so much of it is cash? No sure what your asking here
What is typical for "rent" or a landlord cut? I typically pay 25% of sales to owner. However I do have a number of locations that don't charge anything
Would love to learn more from anyone with experience.
I enjoy it most of the time. Like anything it has its good days and bad. You deal with theft and vandalism from time to time. If starting now I would stay away from candy/food/drink unless you plan on going all in. Food costs are way too high for a "part time" gig. Everything sounds good at first but once everyone gets there hands in the pot for commission, taxes, fees etc you have to have some pretty high traffic locations to make it worth it.
Be careful about the equipment you purchase. A broken machine doesn't generate income and nothing sucks more than having a machine break right after you service it, no one lets you know and you show up 30/60/90 days later with very little in the cash box.
I'll try to answer any other questions you have any.
How do you build up a portfolio of locations? Pay a locator or hit the streets and be a salesperson. I do a little of both. Occasionally the locator gets a good one but I have better results when I secure
Locations.
How do you value the business where so much of it is cash? No sure what your asking here
What is typical for "rent" or a landlord cut? I typically pay 25% of sales to owner. However I do have a number of locations that don't charge anything
Would love to learn more from anyone with experience.
I enjoy it most of the time. Like anything it has its good days and bad. You deal with theft and vandalism from time to time. If starting now I would stay away from candy/food/drink unless you plan on going all in. Food costs are way too high for a "part time" gig. Everything sounds good at first but once everyone gets there hands in the pot for commission, taxes, fees etc you have to have some pretty high traffic locations to make it worth it.
Be careful about the equipment you purchase. A broken machine doesn't generate income and nothing sucks more than having a machine break right after you service it, no one lets you know and you show up 30/60/90 days later with very little in the cash box.
I'll try to answer any other questions you have any.