wallstreeterww Posted March 17, 2012 Share Posted March 17, 2012 Ok it seems easy to figure out the profit margin on gumballs because it's basically 1 gumball per vend, but what's the profit margin on candy and which popular candy, and which of these volume selling candies provide the highest profit margins? Thanks everyone Link to comment Share on other sites More sharing options...
PerformaVending Posted March 17, 2012 Share Posted March 17, 2012 This really varies by candy dimension, your commission rate, amount vended (again, dimensions) and your cost of goods, which varies from supplier to supplier and across the market as time goes on. Region has a great impact on candy popularity as well. Because it can vary wildly depending on the candy, what specifically are you looking for? I believe there is a good thread out there for the big sellers already (M&M's and whatnot), but I can't seem to find it at the moment. I'll post a link when I find it. Link to comment Share on other sites More sharing options...
antoniocinisi Posted March 17, 2012 Share Posted March 17, 2012 skittles usually are the best.they are cheap and last a long time.doing a search you should find how many pieces per vend for each type of candy Link to comment Share on other sites More sharing options...
Big Mike Posted March 17, 2012 Share Posted March 17, 2012 We have a excel spreed sheet with item broke down into grams. I tried to copy and paste it but it turned into a big blob of works once posted. Try to avoid anything chocolate. The spread sheet tells me how much I can vend and stay under 20% COG. The cheapest candies are: Boston Baked Beans Nitwitz Hot Tamales Mike & Ikes Skittle Reese's Pieces Skittles would be my first pick for ease of vending and shelf life. Link to comment Share on other sites More sharing options...
wallstreeterww Posted March 17, 2012 Author Share Posted March 17, 2012 Thank you so much everyone, you guys are simply awesome. I can't respond to everyone individually because I'm on my iPod but I will tomorrow. I can't wait to make my switch from full line to bulk:) Link to comment Share on other sites More sharing options...
caserri Posted March 17, 2012 Share Posted March 17, 2012 It seems I've been mentioning this a lot lately but there is a spreadsheet in the download section that will automatically calculate cost per vend on anything for you. Simply adjust a few values to arrive at your desired vend. Its called "percentage pricing spreadsheet" Also, Big Mike, that spreadsheet you have sounds like a great "tool" and would look handsome in the "tool" download section. wink-wink Sent from my Android using Tapatalk. Link to comment Share on other sites More sharing options...
mainor5251 Posted March 17, 2012 Share Posted March 17, 2012 I have never broke it down I guess I should so I can keep a keen eye on cogs and profit percentages I think this is one thing that helps seperate the full time from the part timers. I will be utilizing that spread sheet, thanks steve. I only have a handfull of accounts with candy left and they are all runts. Just ordered some bananarama from sams to swap out with runts selection. Haven't done M&M's in a while due to cost, Reese Pieces have recently gone up to, mike n ikes are to much trouble in this florida heat, skittles is the only other candy I might use again (they sell good in bars) other then hard pressed candies. Link to comment Share on other sites More sharing options...
Jax Snacks Posted March 17, 2012 Share Posted March 17, 2012 Yea, those Runts rock at 15% PC. And they are very hardy. They may fade a bit in the heat, but will never melt or clump up. Link to comment Share on other sites More sharing options...
sweetstop Posted March 17, 2012 Share Posted March 17, 2012 Big mike Where do you get your BBB? I thought about trying them in places where I have to compete with others Link to comment Share on other sites More sharing options...
treadmill Posted March 17, 2012 Share Posted March 17, 2012 Big mike Where do you get your BBB? I thought about trying them in places where I have to compete with others Sam's club used to sell them. Might try Costco also. Link to comment Share on other sites More sharing options...
shepherdsflock Posted March 17, 2012 Share Posted March 17, 2012 The first thing that you need to know is your cost of goods per vend. To do that, I have a simple, though time consuming method that works well. I buy a bag of candy, put it in the empty head and keep turning the dispensing wheel until I run out of candy and count the number of dispenses (this is easy to do on a Vendstar, I'm not sure about other machines) and then divide the price of the bag of candy by the number of vends and that gives me cost of goods per vend. Once you establish all the other variables, like sales tax, fuel expenses, etc., you add them to your cost of goods per vend and subtract from the vend price and you have your profit per vend. Link to comment Share on other sites More sharing options...
PerformaVending Posted March 17, 2012 Share Posted March 17, 2012 The first thing that you need to know is your cost of goods per vend. To do that, I have a simple, though time consuming method that works well. I buy a bag of candy, put it in the empty head and keep turning the dispensing wheel until I run out of candy and count the number of dispenses (this is easy to do on a Vendstar, I'm not sure about other machines) and then divide the price of the bag of candy by the number of vends and that gives me cost of goods per vend. Once you establish all the other variables, like sales tax, fuel expenses, etc., you add them to your cost of goods per vend and subtract from the vend price and you have your profit per vend. That's a good way to do it, although it does take awhile. I used to do it like this. After a while you can "guesstimate" your levels if you know your equipment, and then it's a breeze. Link to comment Share on other sites More sharing options...
havending Posted March 17, 2012 Share Posted March 17, 2012 Big mikeWhere do you get your BBB? I thought about trying them in places where I have to compete with others Tj king has them. And world products in Birmingham. Sent from my Desire HD using Tapatalk Link to comment Share on other sites More sharing options...
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