Warning: dropped $2,400 on a "passive income" vending machine route in Phoenix, here is what nobody tells you
I paid $2,400 last spring for five used vending machines and a route that a guy on Craigslist swore made him $900 a month. The machines were older models and three of them broke in the first six weeks, and each repair ran me $150 to $400. I did not know I needed a business license, a sales tax permit, and written permission from every property owner, which ate another $300. One gas station manager kicked two machines out after a month and I had to pay $200 to move them somewhere else. After eleven months I added up every snack run, repair, and location fee, and I was down about $1,100 total. Please find out where each machine sits, how long the lease lasts, and who fixes it when it jams before you hand over any cash. Has anyone here actually made a vending route work, or is it just a money pit for beginners?