How To Own A Redbox Franchise
Redbox automated kiosks allow people to rent DVDs, Blu rays and video games for a reasonable price. They are very recognizable because of the distinctive red box and are generally located busy stores and fast food restaurants. The advantage of them is they are quick and easy and open 24 hours a day.
If your a small business owner and a potential entrepreneur then you make have wondered if you could take up the option of owning or renting a Redbox as a business opportunity and have wondered how to own a redbox. But Redbox doesnt actually sell or rent the kiosks to the business that have them. They are just located near or in those businesses under an arrangement between Redbox and the business owners.
Redbox has been very successful as is shown by the number of redbox locations there are around the USA and also by how many competitors are trying to come up with similar business models to compete with Redbox. By placing kiosks outside popular stores, Redbox have made it very easy for people to make an impulse rental of a DVD or game while going to shop or eat.
The Redbox kiosks have touch screens to interact with customers, so the only thing that customers need is their credit card.The customer is told through the screen the rental terms of the DVD, so the only thing the customer has to do is to remember to return the DVD or a flat fee will be charged to their credit card for the cost of the DVD or game.
As mentioned before if you want a Redbox kiosk for your business you have to apply for a Redbox machine and meet their requirements, the main one being that you have to have enough volume of business to justify the machine being placed at your location. Without the high volume of human traffic passing the machine, something like 15,000 customers a week, it is unlikely to be very profitable so your application is not likely to be accepted.
Once you apply to Redbox for a machine they will contact you if they want to take the application process further. If you are successful in getting a Redbox machine installed in your location, bear in mind that the kiosk is still wholly owned and maintained by Redbox who also rotate the film and game titles as and when necessary.
An alternative to Redbox is DVDNow. DVD now is more of a true franchise, with DVD rental kiosks that you can operate to generate an income. They provide you with everything you need to get started as a DVD rental kiosk operator. DVDNow kiosks operate in much the same way as Redbox.
So for less than $25,000 you can get started in your own DVD Rental business. And with something like 30% of all DVD and game rentals taking place through kiosks now this is a great time to be entering the market.