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Updated about 7 years ago,
Vending Machines, ATM's & More
So I am looking at the possibility of purchasing a 32 unit property. (Still very early in the process.) One of the value add ideas I am tossing around in my head is Vending Machine's and or an ATM being placed in the property. Does anyone have any recommendations for a company they have used for vending machines? Did you approach a bank directly for the ATM rental or a 3rd party company? What experiences have you had with them? What kind of return did you experience with how many units?
Should the deal work out and I actually purchase the property I also plan on rehabbing both existing laundry rooms and replacing the old outdated machines. (From what I understand the current machines breakdown often.) What do you recommend, coin operated or card? Other suggestion? I think owning the machines is probably better but what are your thoughts on leasing and profit sharing? If you have done both, (Owned machines and leased machines/ profit share ) which option did you prefer?
Has anyone ever put a pinball machine or something of the like in a laundry room? Thoughts?
Thanks All!