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Location SizeEach account is different in the amount of equipment it can support. Our minimum standard is that the profit must be able to pay off the cost of the equipment in a specific time period for it to be a worthwhile investment. This rule-of-thumb is very useful for us regardless of whether an account is large or small. Using Pepsi, Coke and 7Up vendors can often reduce our equipment expense to enable us to do things that we otherwise may not be able to afford. Examples of additional things we may be able to provide include accessories such as ice machines, coolers, condiment stands, microwaves, change machines, area treatments, etc. Overall volume determines how much equipment we are able to provide.
PricesOur prices are individually set so as to not unfairly affect product line selection. Many vending companies use category pricing which groups high and low prices. The over-priced items sell poorly and are removed thus reducing variety. We calculate every item price from the item cost and it will sell or not based on what we believe to be a fair price.
CommissionsThe prices and commissions are very closely connected. We provide low prices with no commission or higher prices with a commissions. Each product category can be chosen independently so as to earn a commission on some items such as the snacks and not on others such as the cold drinks. The coffee service could give coffee away while charging the balance against the commissions. Our computer system tracks sales, taxes, commissions and meter readings. To you the customer, it assures accuracy and timeliness in our record keeping. Commission checks will be generated and sent within a week of the end of the commission period. With each commission check, there will be an attachment that includes each machine’s volume. Upon request, we can provide a commission statement to verify sales figures with meter readings.
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Last modified: April 21, 2008 |