HOW MUCH MONEY AN ARCADE/VENDING BUSINESS MAKES IN 2023 

Same!

Thank you!! 😁

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 are happy to hear and we put them in storage at the moment until we have a storefront open.

Of course, we make these videos to share our journey😊. Thank you so much, we appreciate your comment!!

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😁.

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!

Thank you! We appreciate that😄

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).

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!! 😊

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.

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.

A mini claw at the right location!

​@@etamusementswhat do you think about the boxer machine ? Is it profitable

Not yet!