While most modern-day vending machines can still be considered coin vending machines despite having card readers and mobile apps, the original coin vending machine was built on the simple premise of inserting several coins and receiving a beverage, snack, or handful of gumballs.
These tried and true machines have been around for decades, and despite the digital payment era, they remain surprisingly popular in today’s market. Whether you are considering one for a small business, an office break room, or a larger facility, the world of coin-operated vending is bigger and more popular than you think, thanks to its simplicity and retro feel.
What is a Coin Vending Machine?
A coin vending machine is an automated, self-serve retail device that exchanges a product for a certain value of coins. These machines operate on a simple yet effective process. Customers insert the required value of money, make a selection, and the result is a snack, cold beverage, or other item of their choosing.
From classic candy dispensers in waiting rooms to more sophisticated machines in office building break rooms or lobbies, these machines are designed for convenience. Unlike their more technological counterparts, coin-operated vending machines do not require internet connectivity, credit card processing fees, or intricate software updates. This simple approach makes them attractive for locations with limited tech infrastructure or where operating costs are kept to a minimum.
Key Features to Look for in a Coin Vending Machine
When shopping for and determining the best coin vending machine for your business, there are several coin vending machine features that should be taken into consideration.
- Coin Compatibility and Acceptance - Some machines will only accept specific coins or denominations, which can impact your customers. Look for machines that accept a wide range of coins. Also consider machines with coin validators that can determine the difference between legitimate currency and foreign coins or tokens.
- Capacity - How many products can the unit hold? A small office may only need a compact machine, while a busy location will demand something larger. Note both the coin storage capacity and product holding capacity. A machine that requires frequent emptying and restocking impacts operational costs, therefore reducing profitability.
- Ease of Use - Keep it simple. Users appreciate clear displays, intuitive buttons, and smooth dispensing processes.
- Security Features - Coin vending machines can be targets for theft. Check that your unit has strong locking mechanisms, tamper-resistant designs, and a sturdy build.
Types of Coin Vending Machines
To help determine the best coin vending machines for your business, it’s helpful to know the various types available on the market.
Snack Machines - Stocked with chips, candy, or healthier packaged snacks, these machines feature multiple rows and columns for different products. Typically found in offices, schools, and recreational facilities, where people are looking for a quick, simple food option.
Beverage Machines - Cold pop, water, juice, and energy drinks are top sellers in the vending machine industry. As the units require refrigeration systems, these units come at a higher selling price than snack machines.
Combo Machines - Hybrid machines that combine both snacks and beverages are a hit, especially in smaller spaces. While they are more versatile, the downside is a reduced capacity for each type of item.
Specialty Machines - Targeting a niche market, these machines can offer anything from personal care items to toy capsules. Specialty machines can also be found in places such as laundromats or arcades, where tokens may be needed to operate the machines.
How to Choose the Best Coin Vending Machine for Your Needs
Selecting the best coin vending machine for your needs starts with determining your specific business goals. Once you have figured those out, consider the following tips when choosing the right vending machine for you. Balance the needs and wants of your customers with what financially makes sense for you.
Location Evaluation - Location is the focal point in the vending machine business. Evaluate foot traffic patterns and your target market’s needs and wants.
Capacity Needs - A small break room doesn’t require a giant machine, whereas a university or transportation hub will likely require a machine that can handle heavy traffic and potentially a high volume of customers.
Budget - Aside from the initial purchase, you also need to factor in transportation, installation, initial inventory, any legal requirements, and ongoing operational expenses. When it comes to purchasing the unit, there are options to buy used, new, or lease. While cheap is always attractive, it is not always the best in the long term. Balance up-front costs with long-term reliability.
Features - Consider your location, clients, and products. Do you need strong security features? Easy re-filling? Energy efficiency? Weather-friendly construction? While you may be initially looking at a coin vending machine, are there upgrade options available?
Where to Buy Coin Vending Machines
There are several preferred methods when it comes to finding coin vending machines for sale, both online and offline. Take your time to research each company or seller by reviews, sales history, and word of mouth.
Reputable manufacturers such as Seaga, AMS, Dixie-Narco, and Royal Vendors are traditionally among the industry leaders due to their quality, customer service, and warranties.
Online marketplaces such as eBay, Craigslist, and Facebook Marketplace may offer cheaper, secondhand options, but make sure you check sellers' ratings and ask to see and inspect the units before purchasing.
Local vending supply companies are traditionally smaller and will often provide valuable, personalized services such as delivery, installation, and ongoing support. Building relationships with these companies can prove to be invaluable for numerous reasons, including discounted rates, maintenance, and emergency repairs.
Maintenance Tips for Coin Vending Machines
There is more to owning a vending machine than just buying it, setting it up, and walking away. To keep the machine running properly, customers happy, and to ultimately make a profit, you need to provide it with some TLC, just as you would a normal storefront business. By following a few key vending machine maintenance tips, you will significantly extend your machine’s life and reduce operational problems.
Regular Cleaning - Dust, crumbs, and sticky residue can not only turn people away visually, but also cause jams. Wipe down surfaces and clean coin slots regularly, while a monthly deep clean is recommended.
Check Coin Mechanisms - Check and clean slots of any debris. Inspect coin tubes for proper operation to ensure proper change distribution.
Restock and Rotate - Track sales and stock popular items more often to avoid empty slots. Use the first-in, first-out method for product rotation to help prevent spoilage and maintain customer satisfaction.
Manufacturer Guidelines - Every machine has its unique issues and quirks. Use the provided manual for troubleshooting and proper part identification and replacement.
