Who Buys Vending Machines Near Me
If you want to get rid of your vending machines, you can sell them for cash. However, because they are used and considered old by some people, it might be difficult to get a fair deal from buyers. Below I will address where to look for potential buyers, how much your machines are worth, and other FAQs. I will also share my experience with who buys vending machines near me.
Map of Who Buys Vending Machines Near Me
For “Who Buys Vending machines Near Me’, see the map below…
Who Buys Vending Machines Near Me – Specialty Online Marketplaces
If you want to sell your vending machine, buy-and-sell websites are one of the best options. They can help you connect with interested buyers and provide a platform for negotiations. Most sites let you upload pictures and a description of your machine.
Pros
- It’s both convenient and simple.
- Marketing directly to your target audience.
- Many sites provide free listings with no time limit.
- Set your own price.
Cons
- Requires good photos and a good description to sell faster.
- Commissions on sales.
- Scams and fake buyers.
Websites for Selling Used Vending Machines Online
Who Buys Vending Machines Near Me – Cash for Machine Buyers
These are businesses that will buy your vending machine outright. They are resellers, so when they purchase a used vending machine business they will either sell it as is, restore it, or refurbish it, and then resell it.
Pros
- Easy and convenient.
- Quick payment.
- May purchase older machines or machines that need work.
- Will handle the transport of the machine.
Cons
- Lower payouts, as they are resellers they need room for a profit.
Companies Who Buy Vending Machines for Cash
Who Buys Vending Machines Near Me – General Online Marketplaces
It is possible to sell a vending machine on general marketplaces. The trouble though is that the general public is not an expert on the vending market and so you may have to weed out viable buyers from the dreamers.
Pros
- Take good pictures, write a good description, and that’s about it.
- Marketing to a local or global audience.
- Many sites provide free listings.
- Set your price.
Cons
- Dealing with a uniformed consumer.
- Commissions on sales (sites like eBay).
- Scams and fake buyers (sites like Craigslist).
General Online Marketplaces to List a Used Vending Machine
Who Buys Used Vending Machines Near Me – Alternative Options
There are other options for selling your vending machine if you don’t want to go the online route or can’t seem to find any buyers.
Local classified ads: If you have a local newspaper, they usually have a section for classified ads. This could be a good option if you just want to get rid of advertising on your machine quickly and don’t mind a lower payout. For tips on writing an effective classified ad, read this.
Yard sale: This is another option for getting rid of your machine quickly, especially if it’s small. You can advertise your yard sale online or put up signs in your neighborhood. The downside is that you’ll probably make less money than if you sold it online.
Auction: You could also try auctioning off your vending machine. This could be a good option if you think it’s valuable and you’re willing to let the market dictate the price. The downside is that it can take some time to find a buyer and you might not get your asking price.
Pawn shop: Pawn shops are another option for selling your used vending machine. They will usually give you a lower payout than if you sold it online, but it’s a quick and easy way to get rid of your machine. Being that these vending businesses are big and bulky units, not all pawn shops will be interested.
Still Can’t Find a Buyer?
If you’ve tried all of the options above and still can’t find a buyer for your vending machine, there are a few other things you can do.
1. Offer to sell it on consignment: If you know of a local business that sells vending machines, you could ask if they would be willing to sell yours on consignment. This means that they would take a commission on the sale (normally about 40%), but you wouldn’t have to do any of the work.
2. Give it away: If you just want to get rid of your machine and don’t care about the money, you could always give it away. You can list it for free on classifieds sites or ask local businesses if they have customers who would be interested in taking it off your hands.
3. Scrap it: If your machine is old or in bad condition, you might be able to scrap it for parts. You can usually get paid a few dollars for the metal, even if the machine is in bad shape. My advice is to seek a scrap metal buyer on your own and not through the company listed above. You will get more money scrapping it yourself.
4. Recycle it: If your machine is in poor condition, you could call an appliance salvage yard that may take it. These yards typically take dishwashers, refrigerators, washers, and dryers, but there are old vending machines out in these yards.
Who Buys Vending Machines For the Most Money
Independent buyers will be your highest-paying option. My advice would be to list your machine on several marketplaces. If you have a newer vending machine in good condition one marketplace may suffice.
The second best option is a reseller site. While they won’t pay as much as an independent buyer, the process of selling a machine is pretty easy. You can get cash quickly and most places will pick it up.
Scrapping a vending machine for cash is also not a bad idea if you have non-working vending equipment yourself. Scrapping it yourself will net you a higher payout than selling it to a company that is going to scrap it themselves for cash.
Marketing Strategies for Vending Machine Owners
Effective Marketing Techniques
In the vending business, success hinges on how well you market your soda vending machines, food vending machines, and other types of units. A key aspect is to ensure your services are known to potential clients. Start by creating a simple yet compelling video showcasing the features and benefits of your vending machines. This could include their ability to offer a quick snack or a refreshing soda at the convenience of the customer.
Another effective technique is leveraging social media platforms. Regular posts about your latest model or refurbished machines can attract a broader audience. It’s also a great way to collect feedback and review customer preferences. Remember, every dollar spent on effective marketing can yield significant returns in the long run.
Building Relationships with Location Owners
The best place to install your vending machines often depends on the relationships you build with location owners. Whether it’s offices, retail spaces, or community centers, personal connections matter. Start by approaching location owners with a clear and accurate proposal that outlines how hosting your vending machine can benefit them.
Focus on creating a team atmosphere with location owners. Assure them that you will regularly replace and restock the machines, ensuring minimal disruption to their space. Also, discuss how your machines can add value to their establishment, perhaps by providing convenient access to food and drinks for their employees and customers.
Offering a share of the profits or a fixed rental fee can also be an attractive proposition for location owners. Be upfront about any shipping or maintenance costs and how these will be handled. This transparency helps in building a trusted and approved partnership.
In conclusion, the key to thriving in the vending machine industry lies in smart marketing and fostering strong relationships with location owners. By focusing on these areas, you can effectively expand your vending business and create a sustainable income stream as you retire from active employment or look to diversify your income sources. Remember, the right approach to buying and placing vending machines can transform a simple idea into a profitable venture.
FAQs for Who Buys Vending Machines Near Me
Can I Sell a Broken Vending Machine?
Yes, there are buyers, but if the cost to repair it is more than 75% of the wholesale value (the cost of purchase from the manufacturer), you will only be offered the cost of the machine in scrap metal.
What is Scrap Value?
The scrap value is the amount and quality of metal in a junk machine that can be sold for scrap metal. Nonworking machines greater than five years old often have a negative scrap value.
How Much Is My Vending Machine Worth?
There is no standard pricing. With many factors into account, such as the condition of the machine and how much repair it needs, your machine repairs each need to be priced individually.
What If My Scrap Value Is Negative?
If your equipment has a negative value, it means it is unusable. Some companies will offer to pick it up for free.
Who Buys Vending Machines – Conclusion
There are many options for selling your vending machine, whether it’s online or offline. The best option for you will depend on the condition of your machine and how quickly you want to get rid of it. If you’re patient, you can usually get a better price by selling it online. But if you just want to get rid of it quickly, you can always try one of the offline options.
Whichever route you choose, make sure you research the buyers before you commit to purchasing anything. This will help you get the best possible price for your machine. That’s what I have learned from the place who buys vending machines near me.
