Money Behind the Munchies

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Summertime Sadness: 5/12/22

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Sharing the intricacies of running a 10-count vending machine business.
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Summertime Sadness: 5/12/22

As college campuses empty, so does our bank account.

Austin Hankwitz
May 12, 2022
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Summertime Sadness: 5/12/22

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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.

Apologize for the skipped week — as our business slowed we spent more time reconciling our books and confirming shipment statuses.

Expected Read Time: 3 minutes

New around here? We share every detail of our vending machine business with our Subscribers — completely for free.


Our Vending Business — Financials

A detailed walk-through of how much money we made over the last 2 weeks.

Total Number of Machines: Eight (8)

Total Revenue Generated: $1,177.75

Total Number of Snacks Sold: 874 snacks

  1. Canada Dry Ginger Ale

  2. Gatorade Cool Blue

  3. Sprite

Total Amount Spent on Buying the Snacks: ($0)

We opted to let our existing snack supply dry up as we head into the slow summer months — ensuring good inventory doesn’t expire.

How Long it Took to Fill the Machines: ~2 hours

—

Free Cash Flow Generated: $450.88

Free Cash Flow per Machine on Average: $56.36

Free Cash Flow After Factoring in Time Spent Filling Machines: $420.88

*assuming $15 / hour


Wins & Losses

Turns out running a vending machine business can be hard — these are our biggest challenges and victories from the last 2 weeks.

Wins —

  • We’ve tentatively closed on a new office location for our next machine — the same office location we had our eye on in our last post!

  • Our new machine for the apartment building is slated to arrive next week, so we’re pumped to set that up.

Losses —

  • Our weekly revenue is shaping up to be only about 15% of what it was prior to the students leaving campus. However, this shouldn’t last more than a few more months.


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 —

  • This Twitter thread summarizing one of my favorite podcast episodes of all time.

  • This detailed walkthrough of exactly what happens when you know how to write code that “overrides” algorithms in crypto — “stealing” $800M:

    Onchain Wizard's Newsletter
    How to Make $800m in Crypto, Soros Style - Breaking $UST
    I wrote a twitter thread on this, but wanted to send it in a free substack as well for everyone to see. How to make +800 million dollars in crypto attacking the once 3rd largest stablecoin, Soros st…
    Read more
    a year ago · 30 likes · 7 comments · Onchain Wizard
  • This deep dive into Upstart's (UPST) Q1 earnings release.

Listening —

  • This detailed walkthrough of Upstart’s (UPST) Q1 earning release, courtesy of Brian Feroldi and Brad Freeman.

  • Jake Tran shares with us his theatrical perspective on Elon Musk acquiring Twitter:


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.

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Summertime Sadness: 5/12/22

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Summertime Sadness: 5/12/22

moneybehindthemunchies.substack.com
Torpedo 8
May 30, 2022·edited May 30, 2022Liked by Austin Hankwitz

This will be the last time I buy a book without reading the reviews. I received "How To Start A Vending Machine Business", looking for practical and specific information re: starting up. Instead, the book looks and reads like it was written by a very bad AI program. I didn't waste a lot of time with it, but I can imagine its only utility would be to prop open a door. Stuff like this just drains all my enthusiasm for a program. I've gotten way more out of your posts in the short time they've been up. Hopefully no one else makes this mistake. I feel like an idiot.

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Chris SJ
May 16, 2022Liked by Austin Hankwitz

Hi Austin, as much I love your vending machines financial section, I also really enjoy your "What We’re Reading & Listening To" section. Thanks for sharing.

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