Information on Vending Franchises
Vending businesses have proven to be a popular option for investors who are looking for a franchise opportunity with low overheads and lots of potential for success.
The history of vending machines in Australia dates all the way back to the coin operated soft drink dispensers of the 1950s.
Modern machines offer traditional goods, as well as a way for businesses to sell a varied list of items to customers who are looking to make a convenient purchase.
Here are some other facts and trends about the vending industry in Australia.
- Almost 60 percent of all customers visiting vending machines do so in the afternoon. That’s a lot of people trying to beat that 3pm slump!
- Health foods are proving to be a popular alternative to sugary snacks for the vending machine user, with water being the second most popular item (after sugary drinks). According to the Australian Bureau of Statistics ‘Australian Health Survey’, over half of all Australians aged 15 years and over considered themselves to be in very good or excellent health, so this move towards healthier options is unsurprising.
- According to Apple Insider, there are currently over 380 million Apple Pay users. Considering the inclination for society to become more cashless, it is a matter of time before more vending machines start offering more cashless options.
- Worldwide, more diverse options are now appearing in vending machines; for instance, there is now a Moet vending machine offering high quality champagne to Selfridges customers in London. Australia isn’t immune to this form of diversification either, with a pizza vending machine appearing in Sydney.
If you would like to hear more about any of the vending franchise opportunities listed, contact Franchise Direct now.