What Does It Cost To Start A Vending Business?
When you start a vending business, everyone takes into account the cost of the machines and candy, but there are a couple other expenses that you may want to consider. Depending on the state you run your business, you will have to pay a couple hundred dollars for a business license which needs to be renewed yearly. In addition, it is in your best interest to get business insurance. Trust me; this is a small price to pay when you consider the costs of a kid choking on a gumball. Yeah, everyone knows you shouldn’t give a baby a gumball, but you just know that some parent out there is going to do it and then sue you for their lack of common sense. This insurance will cost about $200 – $300 a year for a $1,000,000 of coverage – well worth the money.
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