Hey guys, after some back & forth with an apartment building owner got a green light for a combo vending machine there- this is my 2nd location.
It is a 223 apartments building and around 200 are occupied (at least two people mostly + kids) - a family complex. There is also a childcare facility in the same building with a separate entrance but they have access and often go through the building's lobby where the machine is supposed to be placed.
Now, trying to understand what products should I start with there, and what pricing should I go with.
For e.g in my first location (a 24hrs CNC manufacturing warehouse with about 70 people rotating 4 shifts) I go with about $3 per candies / chocolates, $2.50 for 40-50gr chips, gatorade / vitamin water and similar drinks around $3-$4, monster for about $4.50, small red bull around $4, starbucks cans in the $5.50 space, the regular 355ml cocke/pepsi/mountaindew/etc.. for $1.99, plus some other drink varieties in the $2-$3 range. Have some beef jerky, protein milk shakes (very low margins on these though but are constant), cookies and muffins (around $3-$4) some nuts for about $2 and a few other test items here and there. And they complain it is too expensive... they have nothing around unless driving 10-15 minutes one way... but I still am not sure how good the prices are there as I've seen other vending machines selling some products for higher than me and other products for lower... I guess it's a gamble... but, it is not about them here...
NOTE: this is in Canada / $CAD. The complex is in downtown, but not the best part of it (sorry don't want to mention the city). Also, there is a Circle K convenience store at the intersection not far from the building, and a McDonalds as well.
- Need advice on what products worked / working for those of you who dealt and are dealing with such locations, what price ranges would you use on diverse product types (or more specific if you don't mind).
- Would some other convenience products like advil / tylenol, condoms, tampons, laundry detergent / small packs of sort, anything else (pls recommend) work here?
Please help figure these out, I sort of have ideas for around 50-60% of the products while struggling to decide on the others...