Forget Snack Machines. This One Refills Itself

Synopsis

Chris visits CJ Lovas in Fort Worth to tour his ice and water vending machine business. CJ covers machine costs, margins, maintenance, what makes a good location, and how he buys distressed machines for pennies on the dollar. He runs four locations with no full-time employees and monitors the business mostly from his phone.

Ideas in this episode

• Proprietary detergent / laundry vending

  CJ Lovas explains an ice and water vending business with four locations, distressed machine purchases, maintenance, margins, location selection, and phone-based monitoring.

• Smart / connected vending machines

  CJ Lovas runs four ice and water vending locations with no full-time employees and monitors much of the business from his phone.

• Vending machine route

  Chris tours CJ Lovas's ice and water vending machine business in Fort Worth — machine costs, margins, maintenance, what makes a good location and how he buys distressed machines for pennies on the dollar; four locations.