3:51 PM
Lanee' Blunt
By Lanee' Blunt
Vending machines make a lot of money if it is in the right location. The licensing will depend on your state that you live in. A vending machine business does not require a lot of overhead and is a business to get in with minimum upfront investment. There are different types of vending machines you can set up such as beverages, snacks, meals, candy, or cigarettes.
Requirements
Analyze the type of machine that you want to set up because if you are going to sell food you will be required to have Food Service license. A sales tax license is required to collect sales taxes. A vendor and peddler license is required to set up a vending machine for sales on most products in the machine. The requirements may be different, so you must check with your own local licensing department.
Display peddler license
If you have more than one vending machine in more than one location you will need a licensed sticker for each machine. The most popular locations for the vendor machines are in stores, schools, and corporations. A small business is a good place to set up a vending machine, as well as hospitals and laundromats.
Vendor license
Apply for a vendor license with your state. Each state is different and the requirements may be different for state to state. The Business.gov will let you know where you can get a vendor license in your particular state. Type your state, or zip code and vendor and peddler license in the required field and the site navigates to your specific state where you can find out your contact information or you can apply. The vendor license can be obtained at your state office of department of finance.
Mail application
Mail the application to the address printed on the form. The license and a payment schedule will be mailed within four to six weeks after the registration has been processed. The fee for the vendor license as of 2011 range from $10.00 per year to $25.00 per quarter plus applicable renewal fees, and your particular state website should lead you to your information about your particular state. In some states you may apply online for the vendor’s license or download and application to be mailed back in.
Resources
SBA.gov
Posted in: Start Up
