Exact Change

A business opportunity you see everyday
  • ---Shares
This story appears in the August 1999 issue of Entrepreneur. Subscribe »

Remember the last time you bought a bag of chips or a can of soda from the vending machine in your office? Without realizing it, you've seen a business opportunity capable of producing financial rewards . . . and we don't mean small change.

Vending machine manufacturer U-Turn/Vend It All has succeeded in distributing its success to others. The company manufactures and sells four- and eight-compartment machines to individuals who, in turn, profit from the sales of the quarter-eating devices. Rob Betz, national sales manager for U-Turn, explains, "[The machine owners] take the machines, put them on location, fill them with products and service them." While customers can buy one machine at a time, the average U-Turn client initially buys 24 to 36 machines, with average start-up costs ranging from $10,000 to $12,000. "It's a business where the more machines you have, the more money you're going to make," says Betz. "And we'd like people to see a little bigger picture than just one machine." The company itself is thinking big: It's expanding into South America and has already shipped machines to other regions around the world.

And if you're not sure about risking all you have on a nickel-and-dime venture, you don't have to. Betz claims many machine owners still have other jobs, since each machine requires only five to 10 minutes of maintenance per month.

Contact Sources

U-Turn/Vend It All, (800) 584-8887

Edition: July 2017

Get the Magazine

Limited-Time Offer: 1 Year Print + Digital Edition and 2 Gifts only $9.99
Subscribe Now
OK

This website uses cookies to allow us to see how our website and related online services are being used. By continuing to use this website, you consent to our cookie collection. More information about how we collect cookies is found here.