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ice vending 2

Amid scorching summers and bustling outdoor events, the demand for ice is ever-present. Enter the ice vending business – a niche that caters to the need for ice on-the-go. But does this venture hold the promise of profitability beneath its icy exterior? In this article, we delve into the world of ice vending to uncover the financial dynamics, examining revenue sources, cost of goods sold, and operating expenses.


Here’s a table outlining revenue items or sources, unit prices, number of sales, and total revenue for an ice vending business:

image 36

Cost of Goods Sold

Here’s a table outlining cost of goods sold (COGS) items, unit costs, number of units used, and total COGS for an ice vending business:

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Please note that the unit costs and number of units used mentioned in the table are fictional and are provided for illustrative purposes. Actual costs and quantities would vary based on factors such as water and electricity rates, machine efficiency, packaging choices, maintenance needs, and other variables. The “Total COGS (Monthly)” is the sum of all the individual COGS items, representing the potential cost of goods sold for an ice vending business on a monthly basis.

Operating Expenses

Here’s a table outlining operating expenses, their amounts, and total operating expenses for an ice vending business:

image 38

To calculate the net profit or loss, we need to subtract the total cost of goods sold (COGS) and total operating expenses from the total revenue. Using the revenue, COGS, and operating expenses values provided earlier:

Total Revenue (Monthly): $1,500.00 – $3,100.00 (Estimated range) Total COGS (Monthly): $450.00 – $1,200.00 (Estimated range) Total Operating Expenses (Monthly): $1,400.00

Net Profit or Loss = Total Revenue – (Total COGS + Total Operating Expenses) Net Profit or Loss = $1,500.00 – $3,100.00 – ($450.00 – $1,200.00 + $1,400.00) Net Profit or Loss = -$350.00 to -$2,700.00

In this scenario, the calculated net profit ranges from a potential loss of approximately $350.00 to a larger loss of around $2,700.00. Please note that these calculations are based on fictional values and ranges, and actual profitability can vary greatly based on real-world factors such as changes in customer demand, operating expenses, marketing effectiveness, and other variables. Ice vending business owners need to carefully manage costs, optimize revenue streams, and continuously assess their financial performance to achieve sustainable profitability.