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Our Financials & Other KPIs: 3/20/22
Every week we share exactly how much money we made from our vending machine business in Nashville, TN.
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.
Let’s break down every dollar we made this week!
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Our Vending Business — Financials
A detailed walk-through of how much money we made this week.
Total Number of Machines: Nine (9)
Total Revenue Generated: $970.25
Total Number of Snacks Sold: 728 snacks
Andy Capp’s Hot Fries
Munchies Flamin’ Hot Snack Mix
Nature’s Twist Sugar-Free Strawberry Lemonade
Total Amount Spent on Buying the Snacks: ($614.34)
Sam’s Club — ($614.34)
How Long it Took to Fill the Machines: ~6 hours
Free Cash Flow Generated: $435.35
Free Cash Flow per Machine on Average: $48.37
Free Cash Flow After Factoring in Time Spent Filling Machines: $405.35
*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.
We experience a 3X week-over-week revenue increase for two of our least performing machines (both of them are university administration building locations) after modifying and re-stocking the line-up.
We are currently headed into week number three of having one machine completely out-of-operation as the result of an electrical outage in one of our break room locations.
A combination of connectivity issues at the card reader level in one of our drink-only machines is causing a number of product selections not to work — it’s also preventing communication to our transaction tracking application. We’re currently in the process of troubleshooting this with our card reader operator.
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.
Detailed analysis of Dutch Bros Coffee (BROS) written by Austin Hankwitz
Twitter thread (below) from Easlo re: the best Twitter threads so far in 2022.
The most recent of many fantastic articles shared by Kyla Scanlon — this one specifically covers oil and the Federal Reserve.
Ben Gilbert and David Rosenthal walk us through the history of Altimeter Capital on their Acquired podcast. Specifically how this fund grew their portfolio from $3M to $1.5B.
Jason Drees shares his perspective on developing an abundance mindset on the Bigger Pockets Daily podcast.
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.