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challenged | Is there any money to be made in owning your own fruit machine? |
I've heard that you can make cash out of this... how much? What are the returns you may expect? How do you go about buying one?
Thanks!
Additional Details
As in a one armed bandit / slot machine...
I've heard that you can make cash out of this... how much? What are the returns you may expect? How do you go about buying one? |
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Weatherman
|
OK
You make money in 2 ways.
1) Renting it out to an end user, pub/club etc
2) Share of profit from machine, machines are set to around 72% payout, the other 28% is split between the owner of the machine and the owner of the pub/club
BUT
You would need to constantly upgrade your machine so only having one wouldn't really be viable.
What most operators do is have multiple sites and rotate their machines around those sites so that the same machine isn't in the same place for too long.
By doing this they can operate machines for longer, and spread replacement costs by only replacing a few at a time. |
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Chickette
|
You can get a second hand one off the Internet for between £150 and £300. A new one is about £3000. There are now certain laws that state you can't have a fruit machine in premises not licensed. IE Fruit machines can only be placed in pubs, clubs, arcades, airports etc. It really depends on where you are thinking of putting it. Before the law changed you could expect to take about £150 a week out of a fruit machine on premises, working on the premise that the fruit machine is a £10 payout. That £150 by the way is untraceable. |
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onelchris
 |
The first questions to find out should be:
What age group eats the most fruit?
Where to place the machine?
Will you have multiple machines?
Is there competition around? (grocery stores, fast food, gas stations etc)
Some things to think about! I think it’s a great investment. My school doesn’t have a fruit machine. I think it would be great for colleges that don’t have cafeterias. |
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streetblitzer
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One machine, very little chance, sites are difficult to find, the big opperators are years ahead of you. Punters get fed up with the same machine so normally unless the pub/club owns its own they are changed around every six months or so. You will need a site license and a gaming license which are not cheap, you will also need public liability insurance to get the former. This is just in case it catches fire, electrocutes someone or falls over on them. Finally you need to be available almost 24/7 to repair it when it goes wrong, a machine that doesn't work earns you and the site owner nothing and is just a box by another name. |
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kate g
 |
I am assuming that you mean a bandit not a blender or an apple picker?
I would definitely not bother. But if you still want one I am sat next to one right now if you want to buy it. Ive been trying to get my partner to sell it for months. |
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kimbridge
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there certainly is - when I worked in a pub (although it was over 20 years ago) my boss used his to fund a trip to the Greek Islands once a year - he used to hire a boat and a skipper for 2 weeks and the fruit machine paid for it all over the year. Don't know about now though |
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kc
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jp slot machines i think is a big make - but i believe most pubs you go to don't own them and companies that do put them in pubs and change them periodically - i suppose they must give the pub some dosh and take what comes out the fruity or the other way around maybe? |
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Bonzo
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We used to own our own fruit machine. It's a great money box. We gave the key which unlocked the money department to a family member who lived quite a distance so we weren't tempted to open it. We had several hundrededs of pounds over the course of 2 years. We then sold it for a good profit so all in all it was a great investment, I would recommend it. |
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Information Police
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What's a fruit machine? A tree? |
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Dr Dee
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Yes, you can rent a cart in a mall and sell fresh fruit juice if you have a machine. |
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bofahs
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Do you mean like an apple picker. Or a blender, or what? |
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That_ blue_ eyed_ Irish_ lass
 |
Depends on you, your product, location, supply and demand.
A mall is a good place to try this business.
However space can be expensive. Make sure you have enough capital to carry you through for at least 6 months..
You will need to set up accounts with your suppliers.
You will need a vendors license/permit
You will need a Tax ID #
You will be subject to board of health inspections
www.zumexusa.com is a wholesaler of juice machines designed for cafe' use and juice bars
You can find others by search engine type in wholesale fruit juice machine |
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