Starting your own business is an excellent way to build wealth and achieve financial stability, and it doesn’t have to be complicated. HealthyYOU Vending’s business model empowers more people to do that.
If HealthyYOU Vending is on your radar as a potential means to start your own business, let’s take a closer look at how they operate and what others have to say about them.
What Is HealthyYOU Vending?
HealthyYOU Vending is a healthy vending company that describes itself as, “a nutritional distribution platform dedicated to making healthy snacks, drinks and food products available to people across North America and to the success of our Operators.”
They provide aspiring business owners with state-of-the-art vending machines, training and support, and additional resources to help them succeed in the healthy vending industry, all while avoiding the issues that come with other business models like franchises.
As an aspiring healthy vending machine owner, understanding the advantages and considerations of joining this company is essential to leveraging what they have to offer successfully.
Pros
There’s a lot to love when it comes to getting a healthy vending business started using HealthyYOU Vending, which is evident by the overall positive reviews from vendors.
Here are a few of the pros of working with HealthyYOU Vending to get your new business off the ground.
1. Training and Support
Unlike other companies that might only provide you with the equipment you need to start your business, this company prioritizes the client experience by offering the best-in-class training and support.
This includes help with location procurement for your healthy vending machines, a Healthy YOUniversity™ Two-Day Intensive Training that covers everything you need to know to launch your business and succeed, and lifetime coaching support.
They also offer an online support center that you can take advantage of as you run your business.
Here are just a few examples of some business owners who have been happy with the service provided from HealthyYOU:
Antonio is a vending machine owner who was highly impressed with the support he received starting his business with their help.
They were also able to address the many concerns that Alberto faced when he wanted to start up his own snack vending machine operation, giving him the guidance he needed to start his business with confidence.
2. Top-Notch Vending Machines
Given that their entire vending business model hinges on the product it sells, it’s crucial that they provide high-end vending machines that offer a desirable consumer experience and support you as you navigate this new space.
Fortunately, that’s what they deliver.
These top-notch machines come equipped with:
- Pre-designed graphics or graphic customization options (They do not put their name on your equipment, which is a bonus for machine operators).
- A host of payment options, including cash and coin, credit and debit cards, and digital payment options such as those conducted through smartphones and smartwatches.
- Real-time monitoring and notifications regarding important machine functions at all locations so you can stay up to date on your small business and the status of your equipment.
- eManage Vending Software that helps you stay on top of sales, profit margins, and inventory from any device 24/7.
- Optional SmartMart Side Vendor that dispenses specialty items like headphones or dental floss as well as pre-packaged meals rather than just healthy snack options for certain locations.
- Optional Wellness Center Side Vendor to dispense items such as face masks, hand sanitizer, cold and flu medication, powdered drink mixes, and more.
Here is another positive review from an owner that is working with HealthyYOU:
One of the HealthyYOU Vending reviews on Google Reviews emphasized the many healthy options and features provided by HealthyYOU Vending’s state-of-the-art equipment, giving him full control over what he offered and a greater ability to cater to his customer base.
3. Proven Company
When researching companies for support in launching your business, you want a company that’s been around the block.
This company has over 24 years in business, boasting an A+ rating with the Better Business Bureau and a top rating with Dun & Bradstreet. They’ve been named a top 5 opportunity nationwide, and have more than 1,700 vending machine operators across the country.
Overall, they’ve proven themselves as an excellent company to work with if you’re looking to launch your own healthy vending business and offer healthy food to individuals instead of more traditional items like cookies and candy bars.
4. No Franchise Royalties
One of the biggest selling points and advantages of working with HealthyYOU Vending is the lack of franchise royalties.
Launching a franchise that comes with everything you need to get started and succeed can be a costly endeavor that eats into your available profits over time. Current research reveals that the average franchise royalty fee sits anywhere between 4 and 12 percent.1
This is a sizable amount of your franchise profits going to the franchisor rather than from the vending machine franchise straight to your pocket and business.
They stand out with its better-than-a-franchise model, which only requires an upfront investment, eliminating the future royalty and ongoing payments that might otherwise hinder your business endeavors while still offering franchise-level support.
Cons
Of course, it’s important to be aware that there are always considerations you should keep in mind when you’re looking into a potential business opportunity. Some of the disadvantages or potential obstacles you may encounter include:
1. Expensive Machines
The most important thing anyone who aspires to own their own business needs to do prior to executing a vision is research.
This company eliminates a lot of the difficulty that comes with starting a business and offers you the support and training you might not receive elsewhere.
However, there are still going to be costs when purchasing the vending machines. These machines are top-notch pieces of equipment, which means that buying them isn’t cheap.
There’s currently no good estimate online as to how much it would cost to fix one of these machines, but fortunately customer reviews show that maintenance costs aren’t high compared to other vending machines of their quality and size.
This doesn’t take into account the cost of stocking your machine with specific products centered around healthy living either.
2. Big Upfront Investment
Starting in this business requires a considerable upfront investment as well.
While the numbers will vary depending on the number of machines that you purchase as well as whether you select any optional customizations, some sources reveal that individuals will need to make an initial investment of around $60,000 to $185,000 to buy the equipment and get the business started.
Obviously, that’s a major commitment to make. They also don’t offer financing options for those looking to pay their machines off over time.
Make sure to do your research so that you understand what this business model looks like and what you may expect to receive from it prior to committing to a $60,000 to $185,000 in startup costs.
Conclusion
HealthyYOU Vending is a company that is dedicated to helping individuals enter the healthy vending industry with ease.
While there are large investment costs to get the business off the ground, they eliminate the stress of continued fees and offer extensive support prior to launching your business in the vending machine industry as well as after purchasing their machines.
If you’re looking for a way to generate additional income and have the initial investment money to start a vending machine business, this might be the right company to help you get started.
Source:
https://www.ifpg.org/buying-a-franchise/what-are-franchise-royalty-fees