Why I QUIT My VENDING MACHINE BUSINESS and PROS and CONS

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******************************DIFFERENT WAYS I’VE MADE MONEY***********************************
1). CHARGING SCOOTERS: • How much we made CHARG...
2). CAR DETAILING: • How Much A Mobile Car ...
3). BOUNCE HOUSES: • MADE $685 IN ONE DAY R...
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Check out the other hustles I've tried
🍬 Candy and Vending Machines - • Vending machine business
📦 Liquidation Pallets - • Liquidation Pallets
🧼 Detailing Business Ride Alongs - • Detailing Business
🚕 Delivery Gigs - • Delivery App Hustles
💰 Different Types Of Hustles Ride Alongs - • Different ways of maki...
👕 Growing A Decal/Shirt business - • Growing my shirt/decal...
Start Your Own Custom Shirt Business Tips - • Start a shirt/decal bu...
🖨️ Direct To Garment Printer series - • DTG CUSTOM SHIRT SERIES
📈 Investing In Stocks - • How Much I Made Invest...
🚚 Ebay Hustle - • Growing my ebay business
🏠 Being Homeless For 3 Months - • Being Homeless for 3 m...

[@ReyesTheEntrepreneur]

Go show love to The Young Entrepreneur here kzbin.info

[@tyes_packs]

I appreciate it bro

[@ReyesTheEntrepreneur]

@@tyes_packs thanks for always showing love

[@LetsTalkAboutIt2022]

I will sub to your buddies channel... I am trying to do the same so I know the struggle. But showing support is free so why not support as many people as we can...

[@jackmeow8842]

The thing with vending machines is you have to look at it as an investment not a quick money maker. You need to very selective with your locations pick places you go to anyway. Think about the money spent as money put into a bank. But you own the bank and have to care for your investment a few hours each year.

[@UniversolTV]

I look up to you Reyes! Im naming my baby boy Rey!

[@reviewsjustcuz1437]

If youre going to get into vending, do full line drink and snack. Secure a location, then buy a machine or 2, refurbished from a company. Not the public. The company will deliver to your location and give you information on maintenance and setup. Location is what matters. You want 24 hour companies with 100-300 employees. Make sure your machines have CC readers. It increases sales. Know how to do your own repairs. Stick with 1-2 brands of machines for drink/snack or combo. If you got to do repairs, you'll know how. If there's any jams or anything else, you'll have the know how.

[@buckadillafilms]

Better advice than this whole video. Thank you for sharing

[@reviewsjustcuz1437]

@@buckadillafilms also, one of the city buildings have all the info on up and coming businesses in your area. If you call them. It's public information. You can contact those companies and try to land a contract before they open.

[@buckadillafilms]

@@reviewsjustcuz1437 That's a seriously good. tip. Thank you again!

[@ultimatebuckeye]

high schools as well are the best locations imo.

[@williamdunlop8191]

Agree. However, I have been in the vending business for 20 years. In So Cal getting those plus employee locations 24/7 are the holy grail . Good luck It is like hitting the lottery . I had a few and Coca Cola and Crane stole them from me with bribes It can be a nasty business Trust NO ONE

[@johnnyfuture3524]

One of the worst things is when a business calls you and tells you to remove your machine TODAY

[@tommyboy1986]

thats why you have them sign a contract in the beginning that states you have 2 weeks or 30 days or something to remove the machine if the business request it to be removed.

[@lybou4819]

This dude said OnlyFans didn’t exist back then. Loooool.

[@jossa942]

I know right

[@shootmovecommunicate3322]

🤣🤣

[@ProfeFut]

That shit had me dying

[@ivend4ujeremy259]

That was the funniest phrase... "Maybe you could pass it on to your kids, so they can hate life!" 🤣🤣🤣🤣😂😂😂

[@ExternalEclips305]

😂😂😱😱😇😇

[@FamousAnimes]

IA was brushing my teeth and he said this... Spit it all out lol

[@christianmoreno974]

Im dead lol 😂 great quote

[@kal-elthelast8834]

😅 Smh

[@johnstewart4209]

It was sooo funny

[@yairbustos2080]

Reyes quit because he started making that KZbin money .

[@wileecoyote5749]

He gets $500 for every 13 views

[@yaboiavery5986]

@@wileecoyote5749 if thats correct he made 2 million from this video, stop spreading false info.

[@blackwaltz3135]

he made a video about this, he makes about 5$ every 1000 views

[@yaboiavery5986]

@@blackwaltz3135 which is still above average cpm

[@melvinyoungboyz7734]

@@wileecoyote5749 ok stupid

[@blackiechan6049]

The same people calling you out for quitting are the people that will never buy their first machine

[@john-xh3ut]

Facts

[@YaBoiAlex]

currently calling him out and currently have a vending machine business with machines, so i guess whatever bs you just spewed up is out of the window

[@victormendoza7938]

I think vending machines are a win win. IF you have the right locations and proper retailers. Get those 2 things straight and you can't lose. It's not a get rich quick business, but the profit is there.

[@Jooffee]

I would not trust the civilized people to treat the machines fairly with respect

[@msmaria5039]

Yeah, locations first then get the machine.

[@polls.]

I live in the 4th fastest developing county in America and a twenty minute drive from the largest city in Florida as well as having relatives close to the beach-side part of the city and a fifteen minute drive from the oldest continually inhabited city in the nation so I gotta try this.

[@richardvotla]

It is the best way to start big business without any loans

[@Longtermgains]

If you have the money to start one with good locations I definitely recommend! I work for a guy that owns 150 machines and it's well worth it!

[@kenlawdhammercy5804]

150 machines is no longer passive that’s a full time job to manage

[@amt-tyn-teen3669]

@@kenlawdhammercy5804 If you are talking Full Line Yes. If you are talking Bulk - NO! Shelf life for bubblegum is 2 - 3 months. Once the machines are placed you are servicing - cleaning the machines, checking for ants, making sure the machines aren't facing sunlight, building good customer relations. You have a route and make your route work whereby you check on your machines every 15 days. Some people do every 30. I like 15 because if you have a bad machine, you find out about it in two weeks and rectify as oppose to 4 weeks. Another thing is you invest in solid machines like Beaver. Cheap machines will cause you to work harder, not smarter. Experiment with pricing. I might charge a dime for my products depending on the location. I once had a bulk dime machine at a dry cleaners just for employees and it cleaned up.

[@edgarmontano473]

Just sounds like a complainer giving all the reasons of “why I don’t want to work”

[@gregkareem9824]

How much profit he makes? Lying bro

[@Byteable]

@@edgarmontano473 not complaining. The point of having a vending machine business is to have semi-passive income while focusing on other bigger business

[@paulthomas5901]

I don't know anything about the vending machine biz but I do know this video has some very valuable lessons that could translate to any other business. I'm actually glad to see someone put so much effort into something (even if they found it wasn't the right fit for them) instead of doubling down on something that was making them miserable. The modern entrepreneurship glamorizing of "the grind" makes people feel too ashamed of just walking away and trying to find something that's a better fit for them. Keep doing you, Reyes!

[@camyrocks123]

The vending machines is what introduced me to your channel, crazy its been 2 years!

[@Raineytoolitt]

Same bro he really inspirational

[@thisguy4614]

Yep. He keeps me motivated. Inspirational guy since the moment I saw him living out of his car!

[@JohnSmith-er7dw]

@@thisguy4614 living out his car???

[@thisguy4614]

@@JohnSmith-er7dw kzbin.info/www/bejne/rKHJiWOulrmid7c yeah man. He made several videos about it. He still references it sometimes. Anybody able to make it through that kind of struggle and keep going with optimism is pretty inspirational.

[@davontravier]

Fr

[@justingraham2109]

I'm tired of people saying that locations is hard to find! When starting a vending business make sure you go ahead and have contracts wrote up that you and that location sign say 3 month contracts and you pay the person like $50+ depending on vending machine that your using. This means the person will only get $50 plus in a month you will probably not make money but the next 2 months is profitable. But hey got to be smart with a business. Cause a business is about making profit not going broke.

[@combatcarl]

Contracts are risky for the vendor as well, if you set up shop in a bad location youre pretty much stuck taking the loss until the contract is up.

[@GeorgiaMade404]

How many machines do you have?🤔

[@ii7990]

There's nothing better than honest information. It saves people years of their life.

[@ドラゴンボール_おたく]

Thanks for keeping it real and not sugarcoating it. Just ordered a few money making machines and got some possible locations and I asked around a lot. I hope I can make progress with it

[@dsa8348]

How did it go?

[@joelunderhill126]

Yeah We need to know!

[@ParablePreacher]

Updates on the machines?

[@jakesmith-bs4jd]

How’s it going

[@michaelb7691]

I just bought a old chip and candy bar machine from this dude who owns a laundromat. His machine was always empty because he was sick of dealing with it. Nice dude and he's letting me keep it there.

[@TomTheCat.]

I used to work at this local auto shop and there was this candy machine that the workers would flip the machine over and shake it until candy fell out of it. I felt bad for the guy because he wasn’t making any money out of it. I hoped he moved it away from there. Just gets to show what people would do to your machine when your are not there and also why I’m skeptical about running a vending machine business.

[@allantait7053]

I know someone who bolted it to the wall with to by four

[@deefuze1151]

That's actually not possible to tip it over and get candy that way, because of the way it's designed, (trust me I have one). There's only 2 ways to get candy from the turnstile machines, through the base that has a failsafe that won't open unless money is inserted which allows the crank to turn and drop a small amount of candy. The other way is to have the key to open the top lid where you fill it. Of course the third way is to smash it with a hammer. But it's literally impossible to get candy by turning it upside down. The best you would get is candy dust or crumbs if even that because again, the internal mechanism is completely closed unless money is inserted. It's literally impossible. Do you think they'd engineer something complicated enough to recognize you put enough quarters in to free the crank spring to allow you to turn it and allow just a small amount of candy, and yet not think about how to keep someone from flipping it over and stealing candy? Come on man, I call b.s.

[@stevesalvant80]

The best way of running the machine is to refurbish and sell them

[@jayc4715]

@@deefuze1151 it's ez..you just rock it back n forth..

[@andyspinball]

@@deefuze1151 That does not stop the 13% from trying however..

[@ufoproductions6089]

Like many we found Reyes because of the vending machines. Here is to many more hustles!

[@ReyesTheEntrepreneur]

Appreciate you for understanding my decisions ❤️

[@allthingsawesome2]

I've been watching you for almost 2 years now and you always have the same energy and good vibes. Keep it up brother

[@ChromeVending]

Thanks for the shout brother. Everybody hit that thumbs up button for the homie Reyes!

[@Kai-rs9po]

Aye what's up chrome

[@ChromeVending]

@@Kai-rs9po Everything is Fantastic! How are you?

[@Kai-rs9po]

@@ChromeVending tryin to start a vending machine buissness in a few months by age 14 as another side hustle to invest more in the stock market

[@ChromeVending]

@@Kai-rs9po That's awesome to hear. As long as you take the time to educate yourself financially you will be unstoppable with such an early start.

[@Kai-rs9po]

@@ChromeVending Exactly, self education is key

[@Maverick911011]

Well that's your decision man. I'm not going to stop growing my business until I make bank. There are pros and cons to any venture, but there is money there if you try hard. Well I wish you luck on future ventures.

[@Qbdoesit24]

🙏🏾

[@djocharablaikan8601]

Respect bro

[@Heyethann]

respect

[@dndavis7403]

Amen

[@tianmulye6963]

REYES IS SO TRANSPARENT AND GIVING OUT SO KUCH VALUE MUCH LOVE FROM MALAYSIA 🇲🇾 THANK YOU BROTHER REYES

[@anooshkhanyounuskhan1718]

Vending machine business is competitive. You have to be at the top of your game. Their is a lot of money to be made but you have to go big or go home.

[@JessicaHicks]

I’ve been thinking of trying this. Thanks for providing your summary on your experience!

[@joseblake2976]

no wonder you had trouble getting a location, you walking in with flipflops lmao

[@andrewshevchuk2062]

I feel like you need to have a couple of homerun locations, like schools or big companies. Places where you make a lot of easy money. Then I'd do all the smaller locations ( not a homerun hit but more of a single or double). If you have several profitable locations, you can hire someone part time to service the route. Not worth hiring people if you are making 20-30 bucks a month on a location. A Business is a formula, that you can remove yourself, plug in an employee to run it, and be successful and profitable.

[@Kai-rs9po]

Yessirr💯🔥🍞

[@justincaldero5174]

You have to have to be generating atleast $100,000 in revenue to justify paying somebody to run your route for you, especially at 20-30$ per hour lol Then you have to go through the hiring process and keep close eyes on them. Not to mention the insurances you would have to provide. Definitely not "a few profitable locations"

[@ultimatematty]

You'll have to put wifi on your machines to check $$$ and inventory if you're gonna have someone go pick up cash for you. If you don't know the dollar amount they're supposed to be getting out of a machine and how much product goes back in, how will you know they're not stealing from you?

[@Marilynefc]

“Pass down on your kids so they can hate life” 😂😂😂BRUH I CANT WITH YOU

[@nanawav]

50 seconds into the video, and I automatically liked and subscribed. His energy is just dope.

[@Howdylyrics]

A smart thing you could have done was buy the pallet mover thing for 300$-1000$ then after your done using it rent it out to people for a day at a low price so it sounds like a good deal to them so they won’t have to buy one and just continue to rent it out

[@ChromeVending]

... gaining weight from all the products I ate! 🤣 🤣🤣💯

[@mikevader1988]

Universal Business rules, doesn’t matter what the business is. It applies to all 1)- You Need a business model. (More than buy this put it here and start collecting. That’s a severe over simplification of a business model. It must be; Well designed and thought out to every degree, making it bullet proof as possible... 2)- Need to accurately calculate your ROI, P&L, Margins, Operating costs, Cost of goods sold, Inventory, and Products.... 3)- Need to do a lot of homework, gather data, you can’t wing it... 3)- Know your competitors and formulate a plan to beat them 4)- Any business has start up and investment costs that take time to recoup, patience, planning, and fortitude... 5)- Have a plan; 6 month, 1 year, 5 year, 10 year, if the tides change or anomalies appear have solutions to be able to roll with the punches (what if’s , plan B, C, etc.)... 6)- Be different than all the others, have a “hook” , that makes you more attractive than others, and peak interests of the “No” people.... 7) Last but not least, you must recognize that you’re in the Service Industry. You must sale yourself before you can hope to get a foot in any door. Nothing comes easy, nothing comes cheap, and your biggest asset along with your biggest limitation is yourself. No regrets, at least you gave it a shot which is way more than most can say.

[@jaimeibanezz]

😭😭

[@TheTjw89]

****second

[@WanderingVeteran]

I know right...

[@henrycollins2478]

Hi jaime love you man

[@amannambiar3079]

Oh man Jamie

[@ChromeVending]

Yeah bro! I miss watching Reyes' vending videos!

[@matthewrussell1299]

A hair salon? An auto store? It's no mystery why he made so little with the gumball machines. Seek out high-traffic locations that children frequently visit.

[@jacobb554]

I agree, I was trying to get into the vending machine business, and I started cold calling only good locations, Corporate buildings, warehouses, hotels, etc.... and the first day i called 10 places and most were rude to me and wouldn't even let me speak to a manager. If you are a good sales person you may have better luck, but its not an easy thing talking to these people on the phone (they treat you like a telemarketing call). I may try another 10 cold calls or maybe some advertising on social media, but I am starting to see the hassle of even getting 1 good location.

[@hollyo.7651]

Try business to business sales. That's how I got my first yes. I bought a vending brochure for $30 from a lady on KZbin and business cards for $12. Makes you look professional

[@Heyethann]

@@hollyo.7651 who u bought them from?

[@hollyo.7651]

@@Heyethann Letsjazzitup. She's on KZbin

[@Whatever209804]

“It’s a good business, that maybe one day you could pass onto your kids, so they could hate life” Understood, subscribed

[@Shayvideos1]

Lol

[@koldkasefase3368]

😂😂😂

[@AlbertCitron]

Bro you bought em used without having locations first that's the issue. Thanks for the VALUE! Appreciate your content.

[@Marilynefc]

“...Bag of chip got stuck, it’s breaking up marriages “ 😂😂😂

[@TheViewer01]

I have 20 grand to start a snack/beverage vending machine business. I know you have to be in it for the long run before you start turning in profits. You need to have good high traffic locations with more than 100 employees in them. I know you need a lot of vending machines out there too. (34-68 machines) You need to invest in the newer updated vending machines too. It helps out a lot with inventory and sales. I know you need a Van, heavy duty moving equipment and a trailer. Also, you’ll need a storage garage. I know the machines break down sometimes and you need training to fix it or you pay a technician to fix it for you. I’m not being mean but the cons you mentioned are expected. I feel like you gave up too easily. There are others out there who pushed through the 3-6 year grind and they are seeing the profits now. Just like any business: You do not pay yourself until you have grown your business to a good size and paid your debts off.

[@jakesmith-bs4jd]

How’s it going?

[@n.g.1577]

@@jakesmith-bs4jd Only a philosophy.

[@mujeebghafari11]

“Passive Income” has become the new hot topic. There’s no such thing as passive income unless you’re collecting dividends from stocks. Other than that, you’re gonna work, but you’re gonna do it on your time.

[@janganlogout7500]

just sharing some experience for VM business 1. location (traffic) i only put my VM at university ,college student, factory (at least 1000 people n above) 2. Survey- i prepared at least 100-200 survey form to ask them (student or workers) what they want so product will selling fast 3. payment system- cashless only(less headache) 4.route - dont just buy route, me personally will try my best to get from building/business owner directly. make sure your route not far away from each VM 5.ads- you can put ads for small business on product (canned drink) i used this ads at least to pay rent for my VM and last, this is not passive income. it a good business with less employee and very easy to handle😄

[@_clownworld]

how do you get these machines in there when its already being taken up by competition??

[@Allinmyworld]

I think another good place would be Tire and Oil shops where people will be waiting for their cars or car dealerships as well

[@Heytothazeuss]

I cant even take this video serious cause you clearly did not research before jumping in. I'm far from an expert, shoot I not even in the business but personally I would have done things in reverse; started scouting locations and establishing relationships so that I have locations in advance to buying the machine. At the end of the day the machine will be there the locations is the challenge. Take it slow brother in your next venture. Start with reading and research and approach your next dream with calculated moves.

[@HobbiesWithNick]

Great video Reyes! I'm just getting started in the vending machine business, I traded a bag of Doritos for a snack machine so I have nothing to lose. Hopefully it goes well

[@Khayran]

Wait what, a bag of doritos for a snack machine? How?

[@Jermaine144]

Nope, you have to tell that story😮

[@foxmulder7616]

How'd it go? Lol

[@hunterbenoit9668]

Ur vending machine vid is the one that brought me to ur channel 2 yrs ago

[@tarickpersaud6761]

Me too

[@SkateAndReview]

tarick Persaud me three

[@AngryBananas]

The saga has finally ended R.I.P vending machines

[@JDB-ru4lp]

This guy, the saga has ended lol hilarious

[@checkabagpig7983]

😭😭😭😭😭 yo real career is definitely comedy bro I’m subscribing

[@daniqtpy647]

When u place a vending machine did u create our own contract and how much does the business get per month for you placing your machine. Thank you.

[@JonsDailyHustle]

Thanks for sharing the pros and cons of the business. I'm wanting to get into vending machines and give them a try 🤷‍♂️, we'll see how it goes when I do

[@imasuburbandude299]

Howd it go?

[@JonsDailyHustle]

@@imasuburbandude299 haven't done it yet. Got to busy with lawn care and landscaping business haven't had time to think about anything else lol

[@imasuburbandude299]

@@JonsDailyHustle completely understand lol😂

[@johninphx9360]

I'm just starting.I sold an old car and I bought 2 new refurbished soda machines with all the updated payment methods. Just waiting on placement....I traded the cost of buying a 3rd machine and used it to hire high-end placement service. Wish me luck.

[@jeffdorris5321]

We appreciate you Reyes. 😎⭐👍

[@dumpsterdan88]

1:20 for a South Park moment "Oh, I'm sorry! I thought this was America!"

[@Miguel-x2l]

I own 15 vending machines myself. I live in the city of industry where there's hundreds upon hundreds of warehouses. It's easy money down here Profit margin $6,000 a month

[@_clownworld]

bro thats wild. how much do you pay them to keep your machines there?

[@tashwest1272]

Remember when Reyes got into the jump house business ?! Good times good times!

[@BlackTubers]

"Land of the Free.99" love it!

[@brandomcastor2951]

That’s socialist

[@DUMPSTERDIVINGADELAIDE123]

Black Tube - Australia is the land of the free, totally & Covid free as well We don't have riots, we all help each other, God bless Australia 🇦🇺🇦🇺🇦🇺🙏🌏🙂

[@jacktchance]

I sold my vending machines after 8 years. It was fun while it lasted and I made good money, but it was time to move on.

[@Shahriyor_549]

Why ?

[@jayc4715]

What did you move on to?

[@tarickpersaud6761]

I really love the gumball machine video Two years back I see your video and love them

[@TheSidekickking]

I aint gonna lie tho, wasn't for you i wouldn't know about the atm machine business and candy's machine business when i watched you 7 months ago. Thanks man.

[@bdomingo10]

thanks for being transparent

[@tavaresjwilliams]

He is right, I work for vending company. It's a lot people don't consider when getting into vending machines. The biggest is location. Also the more machines you got. Then you just created a job. Nothing passive about that

[@KaDOHC_]

Thats why u give them a 20% cut. Build up over the years and you have 3000 machines

[@Gamingwitjross]

Great memories!!!! I remember watching those vending videos I almost thought about trying it 😂😂 then I thought about my area and was like nah I’d also be wasting the gas

[@zombiemonster9945]

Dude Reyes is so underrated dude is so funny 😂😂😂😂

[@rarekeem]

Gotta secure the location before you buy the machine

[@tonystarkcoins2014]

You are really funny bro. Very nice how you talk openly about your attempts, success and not getting the full results you were aiming for. You are blessed.

[@martinator1596]

That’s nice of you to give them for free to the little ones start their own lil business

[@jonathansnead3715]

You seem hella genuine. Wish you success in your endeavors

[@discoveringme941]

Vending machines are going to have Bitcoin one day

[@sonyacorrea6926]

They already have them. A couple years ago I seen one in a 7-11 and thought it was pretty cool.

[@thatguyfromca]

Maybe you should of rented a small retail space and put all your vending machines in one place that has high traffic

[@JoAnnCSimon]

Thats really smart.. Id put any money behind ur brain

[@cameranlake-gouhari875]

I was looking at buying a couple, thanks for the video, going to look for some locations first. Appreciate the honest advice, very rare

[@KrookClothingCo]

Hey I’m 11 and am looking into starting a gumball machine business and I was wondering if I could buy one of your machines. Thanks

[@salvadorz5486]

10:21 "with your wewitos" 😂😂💀 keep up the great work Reyes!! Love your videos man!

[@guymussori6457]

You crack me up ! I love your HONESTY ! Thank you !

[@dancooper6447]

Reyes, you will always succeed because you hustle. Can’t keep a good man down!

[@djinkieta106]

Dude you crack me up.. thanks for making this video entertaining with your expressions.

[@jennifermartinez35]

This video was super funny and informative! Great work :)

[@goodboywrong9472]

Your an awesome person bro, keep up the energy, love it 💛👌

[@freddyrussell6611]

Most entrepreneurs can’t handle the GRID.....cooked a good breakfast today BUT 365 days later... ouch cant stand the bacon & egg smell. Toast, come on man. Everyday? Tip your waiter.

[@blue3g1]

Thanks for your honesty

[@travis8106]

At a place I worked at there was a vending machine that people kept bumping against the wall to get free shit from. The dude who owned it was PISSED. He came in screaming and swearing one day and he had to be escorted out. Our boss got a different vending machine and had it bolted into the wall with a makeshift brace. Even then we still found way to get our free snacks. People don’t feel bad about stealing from machines at all, must be a pain in the balls to deal with for you.

[@tommyboy1986]

When I used to work at a large electric company (PG&E), they had a snack bar and half of the employees would just take shit without paying and the person who ran the snack bar kept leaving notes taped to the wall threatening to remove the snack bar if the theft did not stop. it's odd to me the seemingly decent hard working people who get paid very well will steal if the opportunity is available, these people who were stealing were electrical engineers who make six figure salaries, it's not like they were minimum wage workers at a oil changing shop. I guess most people are just pieces of garbage ....oh and you are clearly one of those pieces of garbage as you just admitted you're a thief when you said, "Even then we still found way to get our free snacks". Imagine the dude that owns the snack bar or vending machines thats trying to feed his family and your stealing food off his families table. I bet you feel real proud .

[@geejackson5363]

Wow! Your video is a real eye opener! Thanks for the invaluable info bro!!!!!

[@twitchster77]

Someone in my town is selling an entire route with 55 machines...54 of which are already set up in locations. Included are 2 vehicles, a bunch of existing inventory, and a bunch of parts for basic repairs of the machines. They want $75,000 for it...but I really can't help but wonder if they're selling the business because it's just not worth all the hassle.

[@ManvsMoney]

Its not. coming from someone in the industry, those 54 vending machines if they're drink machines would cost 80-110k themselves. plus that business probably makes around 20k to 30k a month. So that business has an asset capitalization of around 150k. A business that has an asset valuation of 150k would likely "market" for an asking of somewhere around 250k to 300k (maybe 400k if the route is well set up). That deal doesn't make sense.

[@foxmulder7616]

Talk em down to 35k lol

[@shanemiller4450]

You needed the machines that has the laser eye. It gives the money back or let them choose a different selection.

[@c-losway6179]

You just killed my vending machine dreams. Great video reyes

[@05weasel]

KZbin hitting me with “I’m starting a vending machine business” next video “why I quit my vending machine business”

[@manuelcintron7020]

Honestly I would have invested in a vending machine route rather than starting from scratch and looking for locations to place them.

[@manuelcintron7020]

Wow I spoke to soon u talk about buying routs right after lol my bad man

[@thefuzzypineapple]

Yooooo. Im about to get a vending machine and boom this showed up! Thank you!

[@ReyesTheEntrepreneur]

Hope it helped

[@chos3non348]

Same here now having doubts after hearing your experience Reyes

[@deefuze1151]

Dude, why didn't you just go to mini claw machines? They're smaller, (less heavy). product never expires, product is way way cheaper in bulk, you can change your items all the time. Super easy to check, collect, fix, and refill vs a huge beast of a vending machine. Mini claw machines are thousands cheaper than a large one. You can change the probability. You'll almost always make profit. It's even better if you have Nayax credit card readers. The footprint sells itself. They're 1 x 1 ft. Not every place wants a huge machine. I can pick up a mini by myself.... literally. They're about $700 vs thousands upon thousands for one or a large crane machine. Bottom line bro, you have to change your approach when you go to talk to owners. Go in professionally, have an llc and business account, most important.... practice how to overcome "no". Know why it benefits them and keep it brief. NEVER pitch the entire thing to anyone but the owner and manager (preferably at the same time). No one can sell it like you. Have business cards and a well made flyer. Dress well, and don't go to them when they're busy. They'll resent that. Create a website with a QR code you can check on your own time where they can only email not call or text. I almost never get no's. Sold 14 machines to hosters first time and only received 2 no's. Screw doing regular vending machines. You'll NEVER make more than what you charge.

[@carmencarmen5440]

Thank you so much Reyes i greatly appreciate fully

[@hammondb32]

Yooo... as a fellow vending machine route owner who is trying to sell out...I can't give this vid enough thumbs up!!! I can relate to EVERYTHING you're saying and you're speaking nothing but TRUTH!! Thanks for all the great tips and knowledge and documenting your journey. Much success to you. Btw, you know anyone who wants a route on the east coast?! HAHAHA!

[@Hottest-in-da-Hood]

Where in the east coast?

[@hammondb32]

@@Hottest-in-da-Hood Virginia

[@davidsvir9756]

Where in VA? Still available?

[@hammondb32]

@@davidsvir9756 yes sir - Stafford, Fredericksburg, Quantico, and Orange VA

[@davidsvir9756]

@@hammondb32 Unfortunately, I live too far away from those areas.

[@HarrisonBrincku]

I see it this way I get paid $10-15 dollars at the lowest for less then an hour of work. Takes me 10-15 minutes to fill and collect Candy from the machine. I only however buy new ones seeing the coin mech gets sticky on the older ones.

[@foxmulder7616]

How's your candy machine hustle going?

[@zykez3501]

A substainable Vending Business takes years; its a marathon, not a sprint. Most don't realize that and going too fast too big in. At least I liked your candy-machine-part the most. The big ones come too early. You had to work longer with the smaller ones and build up step by step. How knows, maybe you come back to Vending; at least you know now how this works.^^

[@foxmulder7616]

That's what I was thinking.

[@nickythao9344]

I’m located in Fresno and is currently in the military. We have an army reserve base newly built. I was thinking about getting a vending machine for that location because everytime lunch comes around we have to go out and buy food. There’s is no competition where my location is at because no other person has access to the base.

[@savagekev501]

Buy 6 machines for that bih tons of money there to be maid pet the lab rats eat

[@veronicadasilva8132]

SavageKev huh ?

[@veronicadasilva8132]

So do you have to be in the Army ?

[@marquisstrongchild7535]

Sorry, can someone please summarize the video for me? Why exactly did he stop the vending machine business?

[@Anthonybrother]

Because he finally broke even after years

[@elhenry64]

Love your honesty and simplicity Reyes! Keep it up!

[@TheDurnans]

A small trailer with a rear ramp-style gate would have saved your back. You can buy one for about $1000. Cheaper than a doctor's bill.

[@Yog_Los_Mas]

If I had the energy like you, I would look into a food truck business. Big bucks.

[@falco830]

I rarely give out free likes to random new channels I’ve never seen. But it’s little compared to your free extraer informative information and free vending machines!

[@badass.quantv8414]

I’m located in California as well, did you need any permits to start your candy business?

[@bebrittanyable]

Hey 👋 you’re such an amazing person! Love your spirit! 💕

[@socorrogarcia7747]

Bro I love this guy😂🙌🏾 Just found you man great video!! New sub for sure😎

[@pkbrown58]

Great advice ... and funny! Reyes belongs in show-biz! Bravo, amigo...