Never Buy a Machine Without a Signed Location

Mike starts with a clear warning: don’t buy a machine before a property is secured. Too many people make the mistake of purchasing early, only to let machines sit in garages earning nothing. Machines may take 4–8 weeks to arrive—but that’s better than sitting idle.

Choosing the Right Machine for Your Location

First, identify the location type. Then decide:

• Combo machine (recommended for first-timers)

• Drink-only machine

• Smart machine (ideal for modern setups)

• Specialty machines (not advised for beginners)

You can also go used to save money. But Mike cautions: used machines are like dogs from the pound—you don’t know what you’re getting. His first used machine broke after six months.

One Combo or Two Singles?

Use 150+ people as your foot traffic barometer. Rather than two singles, start with one combo smart machine. If it performs well, you can add another later.

This staged approach helps manage risk and investment wisely.

Where to Buy Products & Maximize Margins

Avoid relying on Costco or Sam’s long-term. They're okay for starter variety packs, but not for consistent stocking.

Mike recommends:

• Venn Hub for ordering and rebate advantages

• Focus on selling name-brand drinks like Pepsi and Coke

• Understand that drink margins are higher than candy

Larger bags = more weight = higher price = better profit. For example:

• Pop-Tarts are an anomaly with great margins

• 20oz bottles yield better profits than 12oz cans