An Entire Month of Snacks: 4/4/22
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An Entire Month of Snacks: 4/4/22
This update highlights all of the money we made during the entire month of March.
Welcome to this week’s edition of Our Financials & Other KPIs.
Through complete transparency, people are able to make the most informed decisions with their money. In efforts to stay transparent with you all about our vending business, we share our financials and other key performance indicators on a weekly basis.
Considering this is our 4th update, we’re going to combine the results of the previous three updates with this one and give you all a breakdown of what an average month operating a vending machine business looks like.
TL;DR — about 12 hours worth of work yielded a few thousand dollars.
Revenue: $4,352
Free Cash Flow: $2,599
FCF Margin: ~60%
Expected Read Time: 3 minutes
Our Vending Business — Financials
A detailed walk-through of how much money we made this month.
Total Number of Machines: Eight (8)
Total Revenue Generated: $4,352.00
Total Number of Snacks Sold: 3,237 snacks
Munchies Flamin’ Hot Snack Mix
Flaming Hot Cheetos
Snapple Mango Madness
Total Amount Spent on Buying the Snacks: ($1,753.03)
Merchant’s Mart — ($861.73)
Sam’s Club — ($891.30)
How Long it Took to Fill the Machines: ~12 hours
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Free Cash Flow Generated: $2,598.97
Free Cash Flow per Machine on Average: $324.87
Free Cash Flow After Factoring in Time Spent Filling Machines: $2,418.97
*assuming $15 / hour
Wins & Losses
Turns out running a vending machine business can be hard — these are our biggest challenges and victories from last week.
Wins —
Finally deciding to sub out Sour Patch Kids for Sour Jacks — the margins are +15 cents higher and the college boys loved them. Definitely going to begin introducing them to our other locations.
Losses —
One of our card readers isn’t working — making the machine completely out of order. Until we get this fixed we’re out $125-$175 / week in lost revenue.
What We’re Reading & Listening To
You’re obviously reading this post because you’re entrepreneurial minded, invest, or care about generating passive income. Us too — so, here’s what we read & listened to this week that taught us a thing or two.
Reading —
My friend Hunter Watts shared this incredible Twitter Thread labeled “11 tips for men: a cheat sheet for avoiding a life of misery.”
My friend Tejas Hullur and his pals shared this post titled Full-Time TikTokers. Weird enough, Tejas is at the Grammy Awards tonight .. all because he decided to start posting on TikTok.
Listening —
Michela Allocca sits down with Josh Stein (one of The Credit Brothers) to talk all things credit card points, travel hacks, and rewards on this episode of her podcast.
Austin Hankwitz interviews the co-founders of Quantbase, the world’s first SEC-registered robo-advisor for high-risk investing. Quickly after the interview, Quantbase announced their $500K pre-seed raise with participation from Dorm Room Fund and Y-Combinator alumni.
Disclaimer: This is not financial advice or recommendation for any investment. The content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
An Entire Month of Snacks: 4/4/22
Another great post, Austin!!! Love it!!!