There are scams that involve vending machines. The company wanting to sell you a one or more machines will claim that you can make regular easy income. It all hinges on how much will sell at a given price. And is it worth the effort to make that money.
The company pitching this deal should have historic numbers. The question is do you trust them.
Here is a example from the Better Business Bureau Don't Get Short Changed: Be Aware of Vending Machine Scams
In tough economic times, consumers often look for ways to supplement
their income. The Better Business Bureau warns consumers about help
wanted ads that promise large profits for little effort serving
automatic vending machines or display racks. This may sound like an
easy way to make big bucks, but be cautious! Although some business
opportunities that service vending machines or display racks are
legitimate, many are not. David Polino, President of the Better
Business Bureau warns, "Potential investors should get all the facts
or they may end up being short changed."
The following are some common tactics fraudulent promoters might use:
- Inflated profit projections, including elaborate charts that may have no basis in fact.
- Locator services, in which the company claims to employ an expert locator to find prime locations for its machines. The service usually
ends once any establishment willing to have a machine on its premises
is found, regardless of how many potential customers that area
- Training programs that are generally superficial or non-existent. And it should be noted that it is impossible to learn to be a
successful vending operator in one or two weeks from an out-of-town
- "Good deals" on machines, which may turn out to be machines sold for two or three times their actual value. Potential investors should
be wary of buying any machine that they cannot look at in person since
catalog pictures and descriptions may not tell the whole story.
- Repurchase plans, in which vending promoters offer to buy back inventory from the investor. Unfortunately, the promoter is usually
long gone by the time an investor tries to exercise this option.
- Guarantees offered by sales agents often are worthless because the agent cannot be located and the manufacturer will not honor them.