Total start-up capital for 1 year of operations, for 1 unit: $20,000
Here's a concise breakdown of startup costs:
1. Food Vending Machine: Starts from $8,000/unit to buy. $500/month to rent
To buy or rent a food vending machine, you can look at food vending machine providers in Singapore like Bicom Asia and AIC Systems. When you buy from a provider, they will also have servicemen to perform regular maintenance on your unit.
Alibaba also has a wide selection of models with prices. This particular hot food vending machine is USD 5500 (SGD 7,700): https://www.alibaba.com/product-detail/Microwav...
2. Food Inventory + Food Packaging: $500-$1000/month
Food costs vary depending on the type and quantity of food sold. You can either make the food yourself (cheaper), or outsource preparations to a centralised kitchen (costlier).
3. Electricity: $50/month
This is a starting price for newer, energy efficient machines. Make sure you check the energy consumption of the machine. Less efficient models can consume twice as much energy (and so cost twice as much to power) as more efficient models.
4. Maintenance: $100/month
Food vending machines will require more upkeep than drinks machines or snack dispensers.
5. Location Rental: $200-500/month
Varies depending on: district, outdoor/indoor, natural proximity to crowds (e.g. HDB, offices, schools, malls).
6. Commercial Insurance: $50/month
You'll need to protect your machines against burglary, vandalism, fire, and other risks. If you're selling package food, you'll also want to protect yourself from liability, e.g. if customers become sick after eating your food. Click here to buy your business Insurance online.
7. Food Vending License: $195/year
You'll need a food vending license from the Singapore Food Agency before you can begin operations. Apply here: https://www.sfa.gov.sg/food-retail/licensing-pe...
Total start-up capital for 1 year of operations, for 1 unit: $20,000
Here's a concise breakdown of startup costs:
1. Food Vending Machine: Starts from $8,000/unit to buy. $500/month to rent
To buy or rent a food vending machine, you can look at food vending machine providers in Singapore like Bicom Asia and AIC Systems. When you buy from a provider, they will also have servicemen to perform regular maintenance on your unit.
Alibaba also has a wide selection of models with prices. This particular hot food vending machine is USD 5500 (SGD 7,700): https://www.alibaba.com/product-detail/Microwav...
2. Food Inventory + Food Packaging: $500-$1000/month
Food costs vary depending on the type and quantity of food sold. You can either make the food yourself (cheaper), or outsource preparations to a centralised kitchen (costlier).
3. Electricity: $50/month
This is a starting price for newer, energy efficient machines. Make sure you check the energy consumption of the machine. Less efficient models can consume twice as much energy (and so cost twice as much to power) as more efficient models.
4. Maintenance: $100/month
Food vending machines will require more upkeep than drinks machines or snack dispensers.
5. Location Rental: $200-500/month
Varies depending on: district, outdoor/indoor, natural proximity to crowds (e.g. HDB, offices, schools, malls).
6. Commercial Insurance: $50/month
You'll need to protect your machines against burglary, vandalism, fire, and other risks. If you're selling package food, you'll also want to protect yourself from liability, e.g. if customers become sick after eating your food. Click here to buy your business Insurance online.
7. Food Vending License: $195/year
You'll need a food vending license from the Singapore Food Agency before you can begin operations. Apply here: https://www.sfa.gov.sg/food-retail/licensing-pe...