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24Seven Vending
24Seven Vending is a company that hosts well over 40,000 vending machines to provide customers with access to food, snacks, and beverages 24 hours a day, seven days a week. Owning vending machines is a business that does not require a staff, as customers just select the nourishment they crave from the machine. In the United States, vending machines are estimate to be about a $50 billion industry, and one that is growing with each passing decade.
Facts & figures
24Seven Vending is a franchise that its owners can run out of their own homes. The company is looking for franchisees who want to own and operate their own businesses, thus absentee ownership is not permitted. Previous business experience is required, as is an ability to perform physical labor since owners will need to stock and service vending machines.
24Seven Vending Franchise Opportunities - History
24Seven Vending began its operations in 1997 and entered the franchising market just four years later. 24Seven Vending currently hosts machines in many regions around the United States. The company is particularly looking to expand in the Dallas/Fort Worth and Southern California markets.
24Seven Vending Franchise Cost / Initial Investment / 24Seven Vending
Franchise Income
24Seven Vending has a franchise fee of $230,000 for a six year agreement, though the total initial investment costs somewhere between $250,000 and $300,000. 24Seven Vending also charges an additional 10% ongoing royalty fee on all of the franchisee’s sales. Franchisees should have a net worth that exceeds $150,000 with at least $80,000 of that amount available in cash.
24Seven Vending Business Opportunities: Other Information
24Seven Vending franchisees are expected to regularly work on the vending machines it mans. Whether it be serving a broken machine, restocking the snack items, or performing regular checkups, the franchisee is responsible for all such tasks. With wireless technology advances, however, the vending machine business has never been so simple to oversee.
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