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Calcimator

Ice Vending Machine Calculator

Calculate daily ice production, revenue, and profit for an ice vending machine including electricity, water, lot rent, and maintenance costs.

Inputs

$
$
$
$
$
%

Results

Monthly revenue

$3,750.00

≈ 4 smartphones

Monthly profit

$3,207.63

≈ 3 smartphones

Payback period (months)

9.4

Annual profit$38,491.50
Profit margin (%)85.5%
Cost per bag$0.36
Profit per bag$2.14
Monthly expenses$542.38
Daily ice production (lbs)500
Annual Revenue$45,000.00
How to Use This Calculator
  1. Enter Machine cost ($), Bags sold per day, and Price per bag ($).
  2. Set Bag size (lbs), Electricity ($/kWh), and Water ($/1,000 gal).
  3. Adjust Monthly lot rent ($), Annual maintenance (% of cost) as needed.
  4. Review Monthly revenue ($), Monthly profit ($), and Payback period (months).
  5. Use Annual profit ($) and Profit margin (%) (%) to inform your decision.

How the result changes with Bags sold per day

Bags sold per dayMonthly revenueMonthly profitPayback period (months)
51$3,825.00$3,280.289.1
176$13,200.00$12,361.842.4
325$24,375.00$23,187.061.3
450$33,750.00$32,268.630.9

What each input means

Machine cost ($)
Purchase price of the ice vending machine. Typical range: $20,000-$50,000.
Bags sold per day
Average bags of ice sold daily. Good locations sell 40-80 bags/day.
Price per bag ($)
Selling price per bag. 10-lb bags typically $1.50-3.50, 20-lb bags $3-5.
Bag size (lbs)
Weight of each bag of ice in pounds.
Electricity ($/kWh)
Local electricity rate per kilowatt-hour.
Water ($/1,000 gal)
Local water rate per 1,000 gallons.
Monthly lot rent ($)
Monthly rent for the machine location/pad. Gas stations: $200-500, high-traffic: $300-800.
Annual maintenance (% of cost)
Annual maintenance as percentage of machine cost. Typically 3-7%.

What each result means

Monthly revenue
Gross monthly revenue from ice sales.
Monthly profit
Monthly profit after all operating expenses.
Payback period (months)
Months to recoup the machine investment.
Annual profit
Projected yearly net profit.
Profit margin (%)
Profit as a percentage of revenue.
Cost per bag
Total operating cost allocated per bag of ice.
Profit per bag
Net profit earned on each bag sold.
Monthly expenses
Total monthly operating expenses.
Daily ice production (lbs)
Total pounds of ice produced daily.

How this is calculated

Worked example, using the default values

  1. Identify Input Parameters
    4 parameters
    Machine cost ($) = 30000, Bags sold per day = 50, Price per bag ($) = 2.5, Bag size (lbs) = 10 = 8 input(s) provided
  2. Calculate Monthly revenue
    Monthly revenue = dailyRevenue * 30
    3750 = $3,750
  3. Calculate Monthly profit
    Monthly profit = monthlyRevenue - totalMonthlyExpenses
    3207.63 = $3,207.63
  4. Calculate Payback period
    9.4 = 9.4
  5. Calculate Annual profit
    Annual profit = monthlyProfit * 12
    38491.5 = $38,491.5
  6. Calculate Profit margin
    85.5 = 85.5%

Engine last updated . Checked against 2 independently-derived tests — how we verify calculators.

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