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Step 1
Educate yourself in the industry. Find a part-time job with a local vending company or talk to a non-competing company about the business in general. Then educate yourself in the specific vending business you are inquiring about. You may also ask the company you are thinking about buying from to ride along with the employees that stock the machines to get a better idea of the company.
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Step 2
Find out exactly what they are selling and what you may have to buy to carry on with the business. For example, a truck to haul machines or special tools may not come with the business, but if they're a necessity, you'll have to spend money to buy them.
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Step 3
Evaluate the equipment carefully. If you're not capable of determining the state and worth of the vending machines and corresponding equipment, hire a repairman that specializes in small machinery to take a look. Look at the current maintenance book that should show all repairs and problems with the machinery.
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Step 4
Go over vendor location contracts before purchasing any vending machine business. Pay attention to the terms of the contracts and how much the cost of each location is. You also need to have assurances that you will still be able to keep the machines in their original locations once ownership of the business has changed.
