When I was just out of high school I started a vending machine business which included soda machines, snack machines, and candy machines. The soda and snack machines were more than $500/each used and required restocking of fresh snacks and soda several times a week.
This meant having to go to Sams Club every week and buying cases of sodas and snacks to refill the machines. I also had to pay a small bill for the electricity they used each month. Between buying the products, storing them in my garage, and restocking the product it quickly became obvious that this wasn’t a passive income business.
After about a year and a half I sold the machines to another businessman at a loss no less. I was glad I learned that business but even happier I was out of it. The candy machines I had I paid less than $50 each used and some of them were generating $100′s a month.
Not only were they cheap to buy the machines were small and the base and head unscrewed from the pedestal. This made them easy to place in businesses and easy to transport in the back of my SUV.
The candy had a 200-500% mark up versus a 50% mark up or less for the bigger soda and snack machines. Loading the candy machines was easy and usually only requires bi monthly refills. This business was the passive income I was searching for.
I eventually ended up spending all my time with my real estate business and had to sell the candy machine business to free up more time but I took that knowledge and wrote a book about how to start a candy machine business with $50.
I have all the different businesses that I placed them in and which locations created the largest income along with what types of candy sold the best at each location. If your looking for a great micro-business I recommend giving candy machines a try.