Do you want to start a coin operated business but you lack ideas? If YES, here are 50 best profitable coin operated business ideas & opportunities for 2021. Starting a coin operated business is one sure way of leveraging technology and retailing to make money. A coin operated business is a retail business that does not require face to face interaction with customers, and can be run 24 hours a day depending on the location.
This business is one that offers operator flexibility because it can be tailored to suit the lifestyle of the owner, thereby creating a balance between work, life and family. Entrepreneurs can also go into other businesses, while running the business part time.
Basically, anyone can start a coin operated business as it isn’t financially tasking to start. For example, you can purchase a used vending machine even that of a popular brand at a cheap price, and still get the most out of it. The vending machine business doesn’t require any expertise or know-how, and any serious – minded entrepreneur is likely to make good profit out of it.
If you are interested in starting a coin operated business in the united states of America, here are the best coin operated business ideas you can comfortably choose from;
17 Best Coin Operated Business ideas & Opportunities
Table of Content
- Start Vending Machine Business
- Self-service Laundry/Laundromat
- An Arcade Game
- Bulk Vending
- An Amusement Arcade
- Newspaper Vending Machine
- Start a Coin Operated Bicycle Sharing Business
- Start Ice Vending Machine Business
- Start Lottery and Events Tickets Vending Business
- Start Cigarettes Vending Machine Business
- Start an Ice Cream Vending Machine Business
- Start Bottled Water Vending Machine Business
- Start Frozen Yogurt Vending Machine Business
- Start a Photo Booth Business
- Start Coffee Vending Machine Business
- Start Change Vending Machine Business
- Start Stamp Vending Machine Business
A vending machine is a coin – operated machine that dispenses items such as beverages, snacks, lottery tickets, alcohol, cigarettes, perfumes, toys, candy and so much more. There are very strict laws regarding the sale of alcohol and cigarettes through vending machines though, due to concerns regarding underage buyers.
This business offers operator flexibility, because it can be tailored to suit the lifestyle of the owner, thereby creating a balance between work, life and family. Anyone can start this business as it isn’t financially tasking to start. The vending machine business doesn’t require any expertise or know-how, and any serious – minded entrepreneur is likely to make good profits out of it.
Another coin operated business that an entrepreneur should consider starting is a self – service laundry business. A self-service laundry, coin laundry, laundromat or coin wash is a facility where clothes are washed and dried without much personalized professional help.
Most laundromats in the US are fully automated and coin-operated and generally unmanned, with many operating 24 hours a day. On-premises laundromats are found in locations such as hospitals, student residences at universities, or apartment blocks. Facility managers/maintenance staff work directly with machine distributors to supply and maintain washers and dryers. Use of the machines are primarily reserved for the residents of these facilities.
An Arcade Game
If you are looking towards starting an ideal coin operated business, then you should consider starting an arcade game center. An arcade game or coin-op game is a coin-operated entertainment machine typically installed in public businesses such as restaurants, bars and amusement arcades. Most arcade games are video games, pinball machines, electro-mechanical games, redemption games or merchandisers.
Another coin operated business that an aspiring entrepreneur should consider starting is a bulk vending business. Bulk vending is the sale of unsorted confections, nuts, gumballs, toys and novelties (in capsules) selected at random and dispensed generally through non-electrically operated vending machines.
Bulk vending is a separate segment of the vending industry from full line vending — i.e., the snack and soda vending industries — and involves different products and strategies. Bulk vending represents less than 1 percent of the total vending industry. Operation of bulk vending equipment is usually fairly straightforward for the consumer, involving placing the appropriate coin or coins in the machine and turning a knob or pulling a lever.
If candy in a machine is low, however, and it appears unevenly distributed, the customer may wish to rock or whack the machine in order to knock some candy into the candy wheel, which is located in the bottom of the canister in the center.
An Amusement Arcade
If you are looking towards starting a coin operated business, then one of your options is to start an amusement arcade. An amusement arcade (often referred to as a video arcade or simply arcade) is a venue where people play arcade games such as video games, pinball machines, electro-mechanical games, redemption games, merchandisers (such as claw cranes), or coin-operated billiards or air hockey tables.
In some countries, some types of arcades are also legally permitted to provide gambling machines such as slot machines or pachinko machines. Games are usually housed in cabinets.
Newspaper Vending Machine
Another coin operated business that an entrepreneur should consider starting is a newspaper vending machine business. A newspaper vending machine or newspaper rack is a vending machine designed to distribute newspapers. Newspaper vending machines are used worldwide, and they are often one of the main distribution methods for newspaper publishers.
Start a Coin Operated Bicycle Sharing Business
A bicycle-sharing system, public bicycle system, or bike-share scheme, is a service in which bicycles are made available for shared use to individuals on a short – term basis for a price or free. Many bike share systems allow people to borrow a bike from a “dock” and return it at another dock belonging to the same system.
Docks are special bike racks that lock the bike, and only release it by inserting a coin and computer control. The user enters payment information, and the computer unlocks a bike. The user returns the bike by placing it in the dock, which locks it in place. Other systems are dock – less. For many systems, smartphone mapping apps show nearby available bikes and open docks.
Start Ice Vending Machine Business
An ice vending machines business is one of the coin operated business ideas that can thrive in the United States of America. An ice vending machine business is a retail business that does not require face to face interaction with customers, and can be run for 24 hours a day depending on the location. This business offers operator flexibility, because it can be tailored to suit the lifestyle of the owner, thereby creating a balance between work, life and family.
Anyone can start an ice vending machine business; it isn’t financially tasking to start, as you can purchase a used ice vending machine even that of a popular brand at a cheap price, and still get the most out of it. The ice vending machine business doesn’t require any expertise or know-how, and any serious – minded entrepreneur is likely to make good profit out of this business.
Start Lottery and Events Tickets Vending Business
Another easy to set up coin operated business that can be started in the United States of America is lottery and events tickets vending machine business.
The fact that most people would rather wait for late hours to purchase their tickets or at the venue of the events, makes lottery and events tickets vending machine business a viable business to run. In order to maximize profits in this line of business, you must ensure that you partner with key events managers/organizers and lottery companies so as to help them sell their tickets from your vending machine.
Start Cigarettes Vending Machine Business
A cigarettes vending machine business is another viable and lucrative coin operated business that an aspiring entrepreneur can successfully start. If you are planning on starting this type of business in the United States of America, you just have to check the existing law so as not to be on the other side of the law.
There are very strict laws regarding the sale of alcohol and cigarettes through vending machines due to concerns regarding underage buyers. In the uk for instance; cigarette vending machines have been banned, and in Japan, Germany and Italy, age verification has been made mandatory.
Start an Ice Cream Vending Machine Business
An ice cream vending machine business is another cool coin operated business that any serious – minded entrepreneur can successfully start and make cool cash from. It is a business that requires little training and skills to set up and managed.
If you are looking towards starting this type of business and you don’t have the skills, you can quickly learn the skills, it is likely not going to take you more than a week to learn how to make different flavors of ice cream. Even if you don’t have the required capital to purchase brand new vending machines, you can start with fairly used machines.
Start Bottled Water Vending Machine Business
One of the most popular coin operated businesses in the United States is bottled water vending machine, a vending machine that dispenses chilled bottled water. You can find this type of vending machines in stadiums, public facilities, schools, office lobbies, hotel lobbies amongst others.
So, if you are looking towards starting a street vending machine business, then you should consider starting a bottled water vending machine business. It is a business that is known to do pretty well in most locations as long as people reside there.
Start Frozen Yogurt Vending Machine Business
Frozen yogurt vending machine business is yet another money – spinning and flourishing coin operated business that is open to all and sundry. Yogurt and Ice cream are consumed by almost everybody in our planet as such, anyone who chooses to establish a frozen yogurt vending machine business in any part of the world especially in tropical regions or countries in the equator is sure going to get good returns on his or her investment.
A photo booth business is no doubt one of the highly profitable and thriving coin operated businesses that an aspiring entrepreneur can successfully start and make money from. When we talk about photo booth which is popular in the United States of America, we are talking about a vending machine or contemporary kiosk that contains an automated, usually coin-operated camera and film processor.
However, a large percentage of photo booths that are in operation in the United States are digital. So, if you are considering starting a coin operated business, then one of your options is to start a photo booth business.
Start Coffee Vending Machine Business
If you are considering starting a coin operated business, one of the options you can choose from is to start a coffee vending machine business. Starting a coffee vending machine business can be interesting at the same time rewarding especially if you situate your vending machines in strategic locations where you can easily attract coffee lovers. The fact that people drink coffee on the go makes it one of those businesses that is in high demand and as a matter of fact can be profitable.
Start Change Vending Machine Business
Another popular and lucrative coin operated business that an investor can start in the United States is change vending machine business. The machine is also called a change machine.
A change machine is a vending machine that accepts large denominations of currency and returns an equal amount of currency in smaller bills or coins. These change vending machines are used to provide coins in exchange for paper currency. So, if you are looking towards starting a coin operated business, then one of your options is to start change vending machine business.
Start Stamp Vending Machine Business
Stamp vending machine is yet another viable and lucrative coin operated business that can thrive in most countries of the world. A stamp vending machine is a mechanical, electrical or electro-mechanical device which can be used to automatically vend postage stamps to users in exchange for a pre-determined amount of money, normally in coin. So, if you are looking towards starting a coin operated business, then you should settle for stamp vending machine business.
Frequently Asked Questions
How Much Money Does It Take To Start A Coin Laundry?
It costs about $100,000 to $200,000 to fill an average-size laundromat with washers and dryers. Top-load washers cost between $500 to $700 each while front-load washers cost around $3,500 and $20,000 each, depending on the size though.
How Much Does It Cost To Stock A Vending Machine?
To stock a vending machine, estimate about $1,200 to $3,000. A brand new vending machine will cost between $3,000 to $10,000, depending on the size and features.
How Much Does It Cost To Start A Vending Machine Business?
With as little as a $2,000 investment, you start up a vending machine business. You can get refurbished machines with $1,200 to $3,000.
How Much Are Coin Operated Washers And Dryers?
You can get an operated washers and dryers within the range of $150-$300.
How Do You Go About Counting Coins For Deposit Into A Bank Account?
Consider the following ways;
- Change to cash or deposit the amount into your bank account
- Separate your coins according to the amount listed on the wrapper
- Pick up some coin wrappers in the denominations that you need, like; quarters, dimes, nickels and pennies
How Much Passive Income Can You Make From An ATM Machine?
The income amount you can make from an ATM machine is about $2 to $3 per transaction.
Is Coin Laundry Business Profitable?
Yes, a coin laundry business is very profitable because an average (cash-on-cash ROI) of 20-35% is much higher than most alternative investments.
How Much Passive Income Can You Make From A Game Arcade Business?
Each arcade business game can potentially yield about $10,000 per year.
What Does An Iceborn Water And Ice Vending Franchise Cost?
An ice-born water and ice vending cost up to $7,000, in addiction with total initial investment which ranges from $111,550 to $242,845.
Are Vending Machines A Good Investment?
Yes! vending machines is very very profitable. The average vending machine earns $35 per week, but vending machines that are well-stocked and placed in safe, high-traffic locations can generate over $400 a month.
What Are Some Insider Tips For Jump Starting A Laundromat?
The following are some insider tips for starting a laundromat;
- Opt for a property with glass frontage
- Be careful in choosing the right location
- Make sure your store is in a good site
- Talk to your local Electrolux Authorized Distributor
- Use the existing habits of your potential customers by anchoring your store to popular businesses like supermarkets or near schools, factories or even office buildings
How Do Laundromats Increase Revenue?
The following are the possible ways laundromats can increase revenue;
- By building a strong business network
- By being active on the online forums
- By engaging in guerrilla marketing
- By developing mailing lists and engage in Email marketing
- By involving all the employees in marketing your product
- By partnering with key stakeholders that Will help you attract customers
- By creating and promoting special packages on a regular basis
- By investing more on advertising and to promote your laundromat business
How Often Do Coin Machines Need To Be Emptied Out Of Coins?
As often as necessary! But it really does depend on the weight, how often the well needs to be cleaned and how much of a temptation do you want to let build up inside the Well. So when you collect the money, the containers make it easy to reach in, pull out the bucket or box, empty the coins, and also put the container back into the base.
How Do You Start A Vending Machine Business In 2021?
To start up a vending machine business in 2021, consider the following ideas;
- Create a good business proposal
- Select a the best location
- Calculate the profit Potential
- Evaluate the Product Options
- Evaluate the Sales Channels
- Consider the formalities and legalities
- Evaluate the investment of time and money
Which Vending Machine Is Most Profitable?
- Snack Vending Machines
- Coffee Vending Machines
- Soda Vending Machines
- Cold Food Vending Machines
What Are Some Skills And Experiences That Will Help You Build A Successful Laundromat?
- Have good business idea
- Posses good negotiation skills
- Be mechanically-inclined in knowledge