Ah, the vending machine: a snacker’s
Selling a vending machine, while similar to selling a business, is its own unique animal in the scheme of business sales.
Whether your vending machine(s) sells beverages (hot or cold), snacks, ice cream, sundries, or other items, there is almost always someone out there who’s ready and willing to buy it, as long as it’s in good working order.
Before you sell your vending machine, there are some regular housekeeping items you’ll want to take care of:
Gather your business records
Every business owner should maintain their business records in an organized manner and make sure they’re all up to date. You’ll need to provide prospective buyers with your profit and loss statements, annual reports, and three years of sales and inventory reports.
It would also be helpful for your potential buyer if you gather all vendor information, such as information on where to get inventory to stock the vending machine. This will help your buyer maintain the business relationships you worked hard to build and allow them to hit the ground running with their new business.
Make sure you’re in compliance
Every business has compliance standards that must be maintained, and the vending machine business is no different. Make sure your vending machine is in good working order before attempting to sell.
If it’s not, you may still be able to sell it, but make sure the buyer is aware of any potential issues before completing the sale.
Value your vending machine correctly
No matter what working condition your vending machine is in, you’ll need to evaluate its true value based on condition, age, capacity, and more.
Ways to sell your vending machine
To a large vending machine business: Many vending machines are owned by businesses who supply many vending machines over a large area.
To a non-vending machine business: There are plenty of businesses that will buy your used vending machine, and though they might not be a vending company or business, they will still make use of your vending machine for their own purposes.
To an individual: Depending on the type of vending machine you have, there may be individuals or small businesses who wish to stock their own vending machines, and they may want to buy yours.
Listing your vending machine for sale
The final step in preparing to sell your vending machine is listing it for sale. There are several places to list it, such as dedicated publications or websites.
Taking these steps will set you up for the profitable and hassle-free sale of your vending machine. It will also ensure that the buyer is happy with the sale and set up for future success with his or her new venture.
