HOW MUCH MONEY AN ARCADE/VENDING BUSINESS MAKES IN 2023
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- Опубликовано: 30 сен 2024
- a long-awaited video... we are breaking down total business revenue/gross income, product cost, commission split with owners, total net profit, and more! We share this information to show others how profitable an arcade business can be and how you can start working for yourself at a young age and still make a profit!
We spent a lot of hours getting these calculations and percentages accurate. We hope we explained everything well in todays video and see you back with another video next week.
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![Why Did I Go Into The Arcade Business [and other Start-up Talk]](/img/1.gif)
no youtuber is as good as you, i am addicted to watching your videos
Same!
That’s a good amount for a passive income biz in a year! Keep expanding and you’ll have 100k annually in no time!
Thank you!! 😁
This is so great guys. Appreciate the transparency. Y’all are killin it! 💯💯💯
Great video. Where Do you buy machines? Have you bought any from Alibaba, AliExpress type Chinese online store
Awesome video! I loved the transparency. Congrats on everything and I know there are even bigger things to come. Keep killing it 🔥
Thank you thank you as always! We’ve got a few new and exciting things coming and we have been so blessed from hard work. Keep killing it yourself👊🏼
We’re looking into doing claw machines too so this was very helpful thank you! Curious where you store your extra machines when not being used though?
We are happy to hear and we put them in storage at the moment until we have a storefront open.
Hi Guys could you please make a video of tips for performing your pitch to the location owner :)
Japanese plush in the Chinese restaurant…. Lol
May I suggest a mobile truck or trailer arcade? Then you save yourselves 90% of the setup and tear down time on events.
That’s a great idea! We’ve actually looked into that and found one we wanted to buy. We toured it, but we really laid out the pros and cons. It was a very very large investment for something we wouldn’t be able to get full use out of. We didn’t want the carnie lifestyle of being at events 24/7 working it and being around that crowd. It’s a great idea to do at local family fun events, but not something we wanted to fully pursue!
Love the way you explain it
Doing well, I got out and I had ice cream shops locations 12 total, and they wanted 50 percent.😮 Sorry, opening up an ice cream shop and became a competitor. It's slow in the winters, but in the summertime $20,000 in sales just one weekend.
Fantastic video video next restock video which will be in the making
Hello , love your videos , where you buy your products to put in de machines
Thank you
How often do you refill toys in each location?
It varies per location but we like to swing in a location randomly if we are in the area to check on it and restock it. But typically every 2weeks
@@etamusements thank you!
Do you need a licsence or permit to place a mini claw machine in a restaurant?
do you guys not have any credit card readers on your change machine i would have to look but i’ve seen a change machine with slots for a dba and credit card reader
I’m pretty sure it’s illegal to put a card reader on a change machine. Either way, we would be loosing money as we would have to pay cc fees. In my opinion, the only way to take card would be to have a card reader on every single machine, use tokens, or have a kiosk for game cards.
@@etamusements forgot about all those hidden fees, love the videos keep it up!!
@@CRbonesMC thank you!! 😊
Get more coin pushers they make the money
Me and my cousin just got our first candy machine and where hoping to move up to arcade games. Would love some tips for not having to break the bank first!
Check out Facebook market place for used mini claw machines around you! We started there at first when we didn’t have a lot of income. Hope this helps😁.
Blessings !
Great video, does the amounts take in the IRS cut for taxes?
Great vid!
Wow, thanks for the transparency! Much success to you both! Y'all are a power couple for sure!
Of course, we make these videos to share our journey😊. Thank you so much, we appreciate your comment!!
How is is passive? Who drives around and fills the machines?
Most of these locations we collect/restock on a 2-3 week basis. So yes, we still work at our locations, but the work is extremely minimal.
Nice😮
You didn’t have to pay for those spots at the fair? Besides commission
Theoretically, no. We paid for the spot, but then we didn’t have to pay commission until we made the money back from the spot.
Which of your machines pay for itself the quickest?
A mini claw at the right location!
@@etamusementswhat do you think about the boxer machine ? Is it profitable
Any mall locations?
Not yet!
what part of fl are y’all based in??
Jupiter
Great video! Now what about taxes? Do you pay them comission on total sales before taking taxes and product costs? Or do you pay them on total after those are taken out? We just placed our first mini claw machine by the way! Hoping to place our other one tomorrow😃. Have a good one!
Thank you very much, we appreciate it!! Congratulations on placing your first mini claw, that’s so awesome to hear😄👊🏼.
To sum it up, we didn’t have to pay taxes. 2 reasons, one since there is two of us splitting our earnings we each didn’t “make enough” to pay taxes and this is bc secondly, everything we made we put back into the business. We never took an income or paid ourselves enough. We know everyone has a different situation, but since we still live at home we were able to through all our profit back into buying new machines and expanding.
Good question about paying taxes before or after commission to the owner. This is something we are going to have to figure out with a cpa this year!
@@etamusements ok thanks so much! Great info😃
@@etamusements I know this is a year old but I just wanna say, as a business you definitely still need to *file* your taxes even if you don't owe anything. Like you need to be reporting all income and expenses as a business, so that the IRS can be the one to determine if you owe anything or not... You can't just not file taxes as a business, even if you aren't claiming any income... But as for the question about paying taxes before or after commission to the owner. You'd pay taxes on your actual business income. Since the revenue of the machines is being split, you wouldn't pay taxes on the whole thing, just your portion. So you would pay taxes on your 70% and the business owner *should* be paying taxes on their 30%.
But I know a lot of these cash businesses just... don't report anything to the IRS, because it's all "small" cash transactions... but it's a good way to get in a lot of trouble with the IRS. You absolutely should be *filing* taxes every year, and reporting your income/expenses, even if it's little to nothing, and even if it's all just cash. (especially if it's all just cash).
Love your videos
Thank you! We appreciate that😄