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Cold, fast, money

Want to make more money? Consider selling ice.

October 21, 2013
KEYWORDS ice vending
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What is the typical ROI?

As with carwash locations, the return on investment (ROI) varies, according to Little.

“While there are multiple factors that surround ROI, location selection is one of the most important components. Since owners set their own price points, typically between $1.75 to $3 per bag, the common ROI on the machines ranges between 20 to 33 percent. With our largest of the three units, payback is between three to five years,” Little says, but a smaller sized one can see a payback within two years.

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