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In the last 5 years, I started placing vending machines while working a W2 and raising a family. Since then, I’ve scaled to 102 machines and I make $60,000/mo in profit which allowed me to quit my job if I wanted to. Here’s how I’d start from scratch. 1- Find 20-30 potential locations in your area. (e.x Hotels, Apartment Complexes, College Dorms). We want high-foot traffic areas that are open 24/7. Use Google Maps and find the contact information of each location. 2- Reach out to the owner or pr
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We can use “Section 179” to write off the full $6,000 from the vending machine in the first year. In total, we paid $2,400 in financing. So in your bank account, you have... ($14,400 - $2,400) = $12,000 in profit. But on paper, you have... ($14,400 - $6,000) = $8,400 profit. Now imagine, just before the year ends. You finance 8x more machines for $0 down. That’s $48,000 in expenses on paper. So your LLC makes... ($8,400 profit - $48,000) = $39,600 loss But your bank account... ($12,000 profit -
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