Are These the Best Locations for Vending Machines?

There are tons of people out on social media giving business advice. Some of it is good advice, but most of it isn’t good. In this new series watch CapForge’s owner react to different advice videos. He’s an expert in all things business and has 20+ years of experience under his belt. Some of the things he reacts to might even surprise you!

CapForge Founder and Owner Matt Remuzzi reacts to a vending machine “expert” and their ideas of where the best locations are for vending machines. 

Video Transcript: 

Business Advice Video: 

Here are the top five places you can put your vending machines to make sure they sell out in less than a week. No. 1 luxury apartments. No. 2 college apartments. No.3 senior citizen homes. No. 4 businesses with over 100 employees. No. 5 medical plazas with more than four floors. I’ve been doing this for over three years and those are the locations that work best for me.

Matt’s Review:

Well over three years, I mean that’s pretty much a pro I guess at that point in the vending world. I mean all those locations make sense to me, except maybe the senior citizen home. I haven’t been to too many but the ones I’ve been to, it doesn’t strike me that those folks are walking around with a lot of money in their pockets. So I’m not sure how much they’re gonna be spending on vending. And in college, kids also tend to usually be broke, so I’m not sure how much they’re gonna be using the vending machines. Luxury apartments, yes maybe, at least they have money. I don’t know if they’re buying vending machine items. Medical plazas, that one actually makes the most sense to me, because if you’re there visiting somebody or you’re there yourself for something, there’s generally nothing else to eat and the wait times can be long and you, you know, get hungry, you get thirsty, and if that’s really your only option. That’s the reason I think most people go to vending machines is there’s nothing better haha. It’s not because you’re looking around the city for the top vending machine locations to go eat out at. You’re out of vending machine because there is no better option to get food or drink. So I think you wanna keep that in mind when you’re looking for a location is, are there gonna be people here who will have no better option and money available to spend. And if you meet those criteria then that’s probably a good location for your vending machine.