“Like so many people, I worked in an office for many years in a job that wasn’t very satisfying. I also found it hard to concentrate because I sat right next to a vending machine – the constant sound of coins dropping and cans falling was really distracting. As it turns out, it was also inspiring!
I identified a business opportunity...
I couldn’t believe how much money my colleagues were pouring into this one vending machine. I started to calculate how many times a day I heard that noise and created my own feasibility study. I started to think about all the vending machines I’d seen on my travels – at the train station, my local gym and the DVD store. Whoever owned these vending machines was making a lot of money. And without much effort!
Then I took action….
I went out and bought seven vending machines. I began by filling them myself to save on labor costs – and made over a 120 per cent return in the first year. The following year I bought another 10 machines, which grew to 27 machines the year after that.
By this time I was making more money than working full time (and I was only working 2.5 days a week). So I quit my office job!
Now my family enjoys the rewards….
It’s not just about a great secure income (but that’s pretty important!). Now that I work for myself, I also enjoy flexible hours and can spend quality time with my family. And now I love helping new vending machine businesses to get off the ground so they can share in the rewards.”
Navdeep Tuteja, Founder and Director of SVA Vending