Codie Sanchez

So it's a really good, again, entry-level business.

The problem with laundromat or with the problem with vending machines is that you can't sell very much out of one location.

The problem with vending machines is that you can't sell very much out of one location.

So they're not very efficient.

So they're not very efficient.

You might make a couple hundred bucks per day per vending machine, but you'd have to travel all around to go both fill them up again and collect the money.

You might make a couple hundred bucks per day per vending machine, but you'd have to travel all around to go both fill them up again and collect the money.

So they're not a very efficient business where you can just go to one location.

So they're not a very efficient business where you can just go to one location.

They require some logistics, putting money in, taking gear out.

They require some logistics, putting money in, taking gear out.

The second problem with vending machines is they don't scale very well for reason one.

The second problem with vending machines is they don't scale very well for reason one.

So there are some companies that have scaled vending machines, but not very many.

So there are some companies that have scaled vending machines, but not very many.

And then the third issue with vending machine businesses, I think, is it's basically like a mini real estate place.

And then the third issue with vending machine businesses, I think, is it's basically like a mini real estate place.

You have to go negotiate deals with every single location that you go to, and they could take those deals away or they could require more cash.

You have to go negotiate deals with every single location that you go to.

And they could take those deals away or they could require more cash.