Just a quick update on the Altoid machines….since taken over I had one machine that was located in Detroit. Someone had the audacity to smash the machine open and grap a handful of @#$% quarters.
The most they could have gotten away with, if they got every quarter in the entire machine is $100.00. However they probably got way less. I was thinking, "Maybe the persons clothes were stuck in the Laundromat dryer and he needed a quarter" or..... "Maybe he was at the coin carwash trying to vacuum his car and the machine stopped half way through". I’ve been there. I felt like busting a few machines myself.
REAL TALK: THIS GUY LIVES IN THE AREA AND GOT CAUHT STEALING MACHINES AND MONEY. CLICK THE PHOTO FOR THE STORY. THEY SAID HE'S BEEN HITTING ALOT OF MACHINES. IT COULD HAVE BEEN HIM.
Needless to say, we pulled the machine out of that joint and repaired it for $36. A quick call to the parts place (the number is on a sticker affixed to the machine) and the parts arrived in the mail. That machine is still not located anywhere, so it’s not making any money right now.
The other machines are doing well. What’s well?
Let's look at the numbers shall we:
I have one machine that does about $100 every 8 weeks ($12.5 per week)
3 machines that do $100 every 16 weeks. (6.25 per week) X 3 = 18.75
So, on average the machines earn approximately $31.25 or $125 per month.
Every 16 weeks or every $500 I have to collect money. $340 of that gets pocketed and $160 goes to buy more gum. It takes me approximately 2 hrs. to visit the machines and refill; that comes down to
$170.00 / hr. or $42.50 / Month
Not Bad at all. Not to mention all the Altoid Gum a guy could want. (Don't Worry it's Sugarless)