Our Financials & Other KPIs: 3/27/22
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.
Before we jump into things, I wanted to share our content plan for the coming month of April — throughout April you can expect a few deep-dive posts explaining..
Exactly how we found and bought our vending machine business
Our expansion plans and how we’re going about them
Detailed instructions as to how you can start a vending machine business in your own city — total capital needed, best-selling snacks, where to place, etc.
Let’s break down every dollar we made this week!
Expected Read Time: 3 minutes
Our Vending Business — Financials
A detailed walk-through of how much money we made this week.
Total Number of Machines: Eight (8)
Total Revenue Generated: $1,105.25
Total Number of Snacks Sold: 815 snacks
Munchies Flamin’ Hot Snack Mix
Flaming Hot Cheetos
Snapple Mango Madness
Total Amount Spent on Buying the Snacks: ($303.48)
Merchant’s Mart — ($303.48)
How Long it Took to Fill the Machines: ~3 hours
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Free Cash Flow Generated: $801.77
Free Cash Flow per Machine on Average: $100.22
Free Cash Flow After Factoring in Time Spent Filling Machines: $756.77
*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 —
The addition of Nature’s Twist Sugar-Free Lemonade to our machines. This product was very popular and is cheaper than our prior lemonade offering — adding +15 cents in profit per unit sold to our bottom line.
Losses —
We are currently going on week 4 of having one machine out of operation as the result of an electrical outage in one of our break room locations. This results in a loss of revenue between $100-$150 / week.
Connectivity issues at the card reader level in one of our drink-only machines is preventing our products from being vended — we’re still troubleshooting this problem. This results in a loss of revenue of up to $200 / week.
Honey Buns were out-of-stock at Merchant's Mart and Sam's Club this week, so we were unable to put this product in our machines. As you all know from this post, Honey Buns are a best-seller for us.
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 —
Jamin Ball updated us as to where our favorite SaaS stocks are now trading in the market — spoiler alert, they’ve come back down to reality.
This tweet with a ton of insightful replies re: the next company to 10X in value.
Joe Pompliano’s breakdown of the recent ESPN x PPL deal.
Listening —
Joe Rogan’s interview with the most subscribed to YouTuber, Mr. Beast.
Lex Fridman’s interview with Elon Musk about SpaceX, Mars, Tesla, and AI.
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.