Asked by: Gurwinder Herjurgenasked in category: General Last Updated: 8th May, 2020
Is the ice business profitable?
Keeping this in view, how much do ice companies make?
If you sold 30-twenty pound vends per day on average for the year at $2.50 per vend, then your gross revenue would be $25,000; increase your sales to 50 vends per day and your gross revenue would be $42,000. Not bad for an investment that can be as low as $35,000.
One may also ask, how profitable is ice block business? One of such businesses is ice block making. It is a business that people tend to look down on, but it is a very lucrative business, especially when operated on a large scale. Research has revealed that one can make between N250, 000 to N300, 000 profits monthly. Ice block is water in its solid state.
Secondly, how much money can you make from an ice vending machine?
So the variable cost of a 20 pound bag of ice is only about $0.15. If you charge $1.75 for a 20 pound bag, your variable profit is about $1.60 per bag. The fixed cost of the machine itself is another story. Ice vending machines vary from about $20,000 up to $100,000 or more.
How much money does a Twice the Ice machine make?
Those machines are $150,000 and you've still got rent and a hefty electric bill. Plus $500/mo for land lease, $700 for water and $1,000 for electric. That's 2,500 bags of ice a month (83/day)to break-even.