How do I check the condition of vending machines and card readers on a route?
Inspect every machine in person and ask for its age, service history and repair invoices. Test the coin mechanism, cooling and card reader, and ask which units are near replacement. Condition tells you what the route will need from you in the first year.
Make a list of each machine with make, model and approximate age, then walk the route and match the list to what you see. Check the cabinet, door seals, lighting, dispensing mechanism and that the product actually drops cleanly. For cold units, confirm the cooling holds and the interior is clean.
Card readers deserve their own review. Ask how each reader connects, who supplies it, what fees are involved and whether any are outdated and due for replacement. Test a purchase yourself on a few machines. A route that takes cash only may be losing sales, and one with unreliable readers may be too.
Ask for service and repair invoices so you can see which machines fail often. Then build a realistic replacement plan with the owner and your lender or equipment adviser. A technician you trust can look at a sample of units for you if you are new to the trade. Finally, ask for a basic maintenance schedule and who performs it. Machines that are cleaned and checked on a rhythm tend to run more reliably. If the owner does repairs personally, ask what you would need to learn or hire, and how quickly a failed unit is back in service.
Key takeaways
- Inspect every unit, and test card payments yourself on several machines.
- Request repair invoices to spot machines that fail repeatedly.
- Plan replacements for the oldest units before you commit.
Related reading
12 pages on the same subject, grouped by topic.
Selling
Buying
- Expert answerHow do I assess a body shop’s frame machine and measuring system condition?
- Expert answerDo I need to inspect a commercial cleaning firm’s floor machines before taking over?
- Expert answerHow do I check a dry cleaner’s presses and machines before buying?
- Expert answerHow do I check the industrial sewing machines before buying a garment business?
- Expert answerHow do I check the machines before buying a laundromat?
- Expert answerHow do I switch over card payments after buying a business?
- Expert answerWhat should I check before buying a stationery or greeting card store?
Due diligence
Sources
This answer is checked against primary sources. Links were last confirmed on the dates shown.
- 01Business Development Bank of CanadaGovernmentHow to conduct due diligence when buying a business
- 02Business Development Bank of CanadaGovernmentEquipment valuation: How to do it
- 03Business Development Bank of CanadaGovernmentWhat are the steps to buying a business?
Deavo is an advertising and listings platform, not a brokerage, law firm or valuation firm. This page is general information, not legal, tax, accounting or valuation advice, and rules differ by province. Confirm anything you rely on with a qualified professional before you act on it.