Coin Pusher Machines Could Be Your Key to Retirement
With a relatively small investment of less than $50,000 you can develop a quarter pusher route that provides you with a good retirement income month after month and for years to come. Many people are already doing it and you can, too. Here is how.
Quarter pushers cost about $1300 each for the best quality machines. It is important that you only buy high quality new machines so that you do not experience outages or repairs. If you purchase thirty machines they will cost you about $40,000 with shipping. You will also need coin counters and equipment for counting and bagging the coins for deposit, which will cost you about another $1,000. Industry averages show that a quarter pusher machine will generate about $200 a week in profits, with some operators even earning as much as $1,000 a week in a good location. To be conservative I will estimate on the low side and say that your thirty machines will average $100 a week which will be split 50/50 with the location owner. This will leave you with a net profit of $50 a week per machine, so multiplied by your 30 machines, this will give you $1,500 per week or $78,000 a year. Remember that this is a “low end” estimate, so you could easily do much better than that.
Finding locations for your thirty machines is not as difficult as you might think. All a shop owner needs is about 10 square feet of empty space in which to place the quarter pusher, which can then lead to earning a cash profit every week with no investment. The best locations are laundromats, convenience stores, truck stops, diners, liquor stores, tobacco shops, pizza shops or any other places where people gather. You simply offer to install a machine on a trial basis with no obligation and once the profits start rolling in, the location owner will be happy to let the machine stay. There are professional locator services available to secure locations for you (for a fee) if you are not comfortable finding them yourself.
Once the machines are placed, all you need to do is visit each location weekly and split the quarters in the machine’s catch bucket with the location owner. The catch bucket is a large plastic tub in the bottom of the machine that catches your profits as they drop from the movable tray. Thirty machines is a manageable route and collections will take about 2 days a week, depending on the size of the geographic area. It is a great retirement income for a small investment in time and money.
Source by Bruce C Mitchell