We are planning to start with one ice vending machine in [targeted locations]. We will offer packaged ice, ice for bulk containers such as Yeti ice chest, and also offer water. The founder [Your Name] has experience with similar businesses in the real estate industry so it will help him manage this venture as well.
Problem Summary: traditional retail ice industry is labor intensive, and requires transportation & storage of ice and other overhead costs which makes the ice more expensive and also has a negative impact on profitability for ice suppliers.
Solution Summary: ice vending machines are easy to operate as it does not require a constant supply of inventory, have almost no human involvement, have low overhead costs, and is easily scalable.
Industry Overview: our potential market size is close to $200 million and we plan to achieve around 3% to 5% of this market over the long term. Some of the key benefits of the ice vending industry include high-profit margins, easy scalability due to mostly automated operations, and a growing retail cooler market which will positively impact the sales of ice through ice vending machines.
Business Plan & Financial Model
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Ice Vending Business Plan Template
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