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Vending Machine Owner Shares How Much He Made In Just Two Weeks

Home> News

Published 17:27 14 Mar 2022 GMT

Vending Machine Owner Shares How Much He Made In Just Two Weeks

The laundromat-owner bought the vending machine for just $600 - but how much does he make from it?

Cameron Frew

Cameron Frew

A vending machine owner has shared how much he made from selling snacks in just two weeks.

To be perfectly honest, I'm hesitant to really consider how much money I've spent on vending machines (vendies, if you're a Scot). On top of the incalculable pound coins over the years, I almost-always bought a bottle of Lucozade and Galaxy Caramel after swimming when I was younger, and I'm always struck with immense guilt every time I overpay for an energy drink at the gym.

But if you're the proprietor of a vending machine in a hotspot - we're talking office break rooms, leisure centres, train stations without a small shop or café - there's potential to make some serious bank.

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Find out how much this one owner makes from his vending machine below:

Over on TikTok, @laundromatmoney regularly gives his followers an insight into the day-to-day life of running a laundromat, whether it's his average bills, how to properly maintain the machines or, on this occasion, his vending machines.

He owns two fairly standard vending machines: a Pepsi-branded one filled with cans of soft drinks; and a snack-based one filled with crisps, chocolate bars and bags of sweets.

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In a video posted in late December last year, he revealed how much he made from the latter vending machine over the course of two weeks. 'I bought this machine for $600 on OfferUp. I had to drive 45 minutes, but well worth it,' he says.

The laundromat-owner always gets a decent amount of quarters. (@laundromatmoney/TikTok)
The laundromat-owner always gets a decent amount of quarters. (@laundromatmoney/TikTok)

After opening up the cap on the cash slot, he takes out a fat wad of dollar bills, which he describes as 'not bad'.

'Next, we go down to the quarters. This machine is located inside of a laundromat, so we always get a decent amount of quarters,' he says.

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'When you first place your vending machine, you're gonna want to check it all the time, but you really only need to check it once or twice a month, at the most. If you have to check it more than twice a month, then business must be really, really good,' he adds.

After counting out his bills and weighing his quarters, he's left with a total of $142, all from just one vending machine.

He makes plenty from bills alone, but that's before he counts the loose change. (@laundromatmoney/TikTok)
He makes plenty from bills alone, but that's before he counts the loose change. (@laundromatmoney/TikTok)

In another video, he talks about the broader profit from his vending machine. 'How much it costs to stock usually depends on what I need to buy and if there are any deals,' he says.

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'For the most part though, I run around 60% margins - so that means for every dollar that comes in, I make 60 cents. This includes all of my product and electricity.

'It doesn't always make too much money, but I really don't have to work too hard for it, so it's all good.'

If you have a story you want to tell, send it to UNILAD via [email protected]

Featured Image Credit: @laundromatmoney/TikTok

Topics: TikTok, Life

Cameron Frew
Cameron Frew

Entertainment Editor at UNILAD. 2001: A Space Odyssey is the best film ever made, and Warrior is better than Rocky. That's all you need to know.

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