Our Financials & Other KPIs: 4/27/22
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Our Financials & Other KPIs: 4/27/22
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.
Big thank you to everyone who read last week’s post detailing our adventure purchasing a new vending machine!
As we wait for this machine to arrive — it’s business as usual.
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: $852.75
Total Number of Snacks Sold: 642 snacks
Sour Patch Watermelon
Snapple Watermelon Lemonade
Munchies Flamin’ Hot Mix
Total Amount Spent on Buying the Snacks: ($215.11)
Sam’s Club — ($140.79)
Wal-Mart — ($74.32)
How Long it Took to Fill the Machines: ~3 hours
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Free Cash Flow Generated: $637.64
Free Cash Flow per Machine on Average: $79.70
Free Cash Flow After Factoring in Time Spent Filling Machines: $592.64
*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 —
Remember the continual “our machine is out of commission due to an electrical outage in a faculty room” story we’ve been telling you? Well, we heard from the school’s maintenance team this week that the electricity has been fixed and the machine will be up and running ASAP! This is great news, but is kind of too late for us as the school semester is winding to a close.
Losses —
Students have officially started leaving campus and we’ve seen a significant drop in revenue as a result. This new machine can’t come soon enough!
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 —
Austin Hankwitz walked us through his rationale as to why he believes real estate is going to outperform the stock market in the coming years.
This Twitter thread detailing exactly what “stagflation” is and how it’s about to rock our world:
Joe Pompliano’s breakdown of how Ferrari and Lamborghini came about.
Listening —
Dumb Money shares with us how they’re hedging again Amazon and Apple’s quarterly earnings results.
Joshua Fluke shares with us how he wasted away his 20s, and the lessons he learned along the way:
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.