Real Estate

Slots Could Be Your Key To Retirement

With a relatively small investment of less than $50,000, you can build a quarter-push path that provides you with a nice retirement income month after month and for years to come. Lots of people are already doing it and you can too. Here is how.

Quarter tappets are around $1300 each for the better quality machines. It’s important that you only buy high-quality, new machines so you don’t experience downtime or repairs. If you buy thirty machines, they will cost you about $40,000 with shipping. You’ll also need coin counters and equipment to count and bag the coins for the deposit, which will cost you about another $1,000. Industry averages show that a one-room pusher will bring about $200 a week in profit, with some operators even making up to $1,000 a week in a good location. To be conservative, I’ll estimate on the low side and say your thirty machines will average $100 per week, split 50/50 with the location owner. This will leave you with a net profit of $50 per week per machine, so multiplied by your 30 machines gives you $1,500 per week or $78,000 per year. Remember that this is a “low end” estimate, so you could easily do much better than that.

Finding locations for your thirty machines isn’t as difficult as you might think. All a store owner needs is about 10 square feet of empty space in which to place the room pusher, which can lead to making a cash profit every week without investment. The best locations are laundromats, convenience stores, truck stops, diners, liquor stores, tobacco stores, pizza parlors, or anywhere else people congregate. He simply offers to install a machine on a trial basis with no obligation and once the profits start to accumulate, the location owner will be happy to let the machine stay. Professional locator services are available to secure locations for you (for a fee) if you are not comfortable finding them yourself.

Once the machines are placed, all you need to do is visit each location on a weekly basis and split the coins in the machine’s capture bucket with the location owner. The catch bucket is a large plastic tub at the bottom of the machine that catches your winnings as they fall from the moving tray. Thirty machines is a manageable route and collections will take about 2 days a week, depending on the size of the geographic area. It’s a great retirement income for a small investment in time and money.