The Koerner Office - Business Ideas and Deep Dives with Chris Koerner

How to build a 7 figure vending machine business by finding the best locations. Ep. #035

13 snips
Jul 4, 2024
Guest Quinn Miller shares insights on building a 7-figure vending machine business, focusing on challenges, sales strategies, product selection, exploring new concepts, ATM insights, and balancing growth. Learn about locating ideal vending machine and ATM locations, scaling strategies, and future opportunities in the vending industry.
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ANECDOTE

Current Revenue Snapshot

  • Quinn reports his overall business is doing about $1,500–$2,000 in sales per day and trending up.
  • Price increases from suppliers periodically force him to adjust prices and lose some volume.
INSIGHT

Niche Machines Need The Right Footfall

  • Niche vending machines (perfume, rentals, juke boxes) can work but need heavy traffic and right audience.
  • High machine cost and maintenance make scaling exotic concepts challenging.
ANECDOTE

Toilet Leaderboard Gone Viral

  • Quinn described a bar urinal game where patrons paid to compete on a leaderboard measuring urine flow.
  • He tried it and noted men's competitiveness made the concept work in that setting.
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