|Liquid Capital Required:||$80,000 - $150,000|
|Net Worth Required:||$150,000|
|Total Investment:||$266,800 - $290,800|
|Financing:||Via 3rd party|
|Incorporated Name:||24Seven Vending|
About 24seven Vending
24seven Vending is a convenience retailing brand that uses vending machines to serve customers 24 hours a day, seven days a week. It operates in one of the world's fastest-growing retail sectors. At 24seven Vending services, we provide cold drinks, snacks, fresh and chilled foods, and office coffee service.
Values & History
Vending Machines have helped to solve the labor crisis and has brought convenience globally and also to the American population. Our vending machines serve almost all eatables; snacks, coffee, pizza, sweets, soda, etc. replacing the traditional walk-in style of getting snacks and others.
We are after convenience for the American people, and we have incorporated technological advances into our vending machines for efficiency.
The global vending machine market size was valued at USD 30.30 billion in 2018 and is expected to register a CAGR of 9.4% from 2019 to 2025. Growing demand for on-the-go snacks, drinks, etc. due to a hectic lifestyle is boosting product sales.
The growth can also be attributed to the machines' ability to deliver goods quickly, making it an extremely convenient option for consumers. Also, flexibility, in terms of location, i.e., indoor or outdoor coupled with the option to operate the machines 24/7 without any manual intervention, makes them ideal for use in offices and commercial and public areas.
Vending machines are highly effective as they help save labor costs, which is also driving their demand. 24seven offers a franchise concept based on vending services, using our proprietary wireless technology and software system that reports to our franchisees their vending sales, restocking requirements, profitability, machine operating problems, and other information that leads to advantageous operating efficiencies. In simple words, our vending machines will send a signal to the operating base when they are low on supplies.
Purchasing a 24seven Vending Franchise
To be a 24seven franchisee, the initial investment ranges from $266,800 to $290,800; the franchise fee is $230,000 and includes access to the vending machines.
Ideal Candidate & Qualifications
24Seven Vending is looking for qualified candidates to expand the franchise. The prospective candidates must possess the following:
- Background in business and customer service is desired as well as someone who will work well with our organization and respect the relationship in the business
- The resources required to invest in our franchise: Min. $80,000 Cash. Net Worth: $150,000
Training & Support
24Seven Vending offers training and support to our franchisees to ensure their success.