Factors to Consider When Changing the Location of your Vending Business

A vending business is a home based business. Most entrepreneurs usually start running their vending operations from their homes because they generally start with few vending machines. When you start a Planet Antares vending business, it will not be long before you will start making huge profits while you are running your vending business from home. When your revenues increase, it will be time for you to change the location of your vending business.

In any business, you must make decisions at certain stages of growth to meet your desired level of growth. Moving your Planet Antares vending business into a separate building is one of the first decisions you must make as you grow. Most operators usually opt to rent a section of a “strip warehouse” along with other small businesses. For you to make such a move, your vending business has to be doing well financially. At the time you need to make this decision, is the same time you will have to hire additional help. There would be an increase in the work load since you are now servicing more vending locations.

Costs involved
For the moving out of your operations, there are certain costs that you will need to start considering. First is the monthly cost of renting a small warehouse and office. The costs usually range from $1,000 to $2,500, depending on the square foot of the building. Your utility bills would usually average in the hundreds depending on the size of the warehouse. The utility bills tend to be higher during the winter months. The sales that you make in a vending business should have reached around $500, 000 before you can even consider moving to a new facility. In reality, many operators begin operating in new facilities at lower sales volumes because they have simply outgrown the house. When you change the location of your Planet Antares vending business, you will need to make sure that your business will remain profitable after the move. Only move your vending business if you feel that it it’s the right time to make the move. When you relocate your vending business, ensure that there will be no decrease in your profits.

The new location
The new location that you choose for your Planet Antares vending business will need to be selected carefully. A lower cost facility in an area of town far away from your home may actually cost you more than a more expensive facility located near your home. When looking for a proper location, you would need to consider security, traveling distance and time from your home, among other factors. The new location most importantly should be profitable for your vending business.