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With
low overhead, Earl Shaddix is making twice as much with
his vending machines as he did driving a bus.
If someone catches Earl Shaddix servicing
one of his candy machines, chances are they'll get a free
handful of sweets.
It's this Salem businessman's philosophy
to give a little something back to those who make his
business work. In his case, it's the customers who
plop quarters in his machines to satisfy their sugar cravings.
"I make 17 cents off each quarter that people
put in those machines," Shaddix said. "So what's
it costing me? Eight cents, and it's not even costing
me that because I can guarantee you the next time they
go by they'll put a quarter in my machine."
Shaddix retired from driving tour buses
years ago. He traveled with his wife, Glenda Rees,
for a while, taking her to all the places he'd been on
his job. But life on the road got tiresome and expensive,
so they went home.
After two years of boredom, the retiree
gambled on two small business ideas. He put money
into a balloon decorating business and loose candy vending
machines. The balloons bombed, but the vending venture
blossomed.
What began as a way to earn a little post-retirement
income has become quite profitable for Shaddix.
He works about 80 hours a month and makes more than twice
what he did as a bus driver.
"My wife was leery at first," Shaddix said.
"But after three months she looked at the books and she
said, 'I think we should buy more.'"
Now Shaddix has 150 machines spread from
Portland to Salem, and in small communities such as McMinnville,
Newberg and Hillsboro. They are located in places
such as manufacturing companies, tire stores, telemarketing
companies, bingo parlors and retail outlets. His
machines, which cost $700 each, brought in between $25
and $250 every month.
"This business affords a chance to make
a good living and the time to do the other things I like
to do," he said.
He peddles popular candy such as plain and
peanut M&M's, Mike & Ike, Hot Tamales, Reeses
Pieces and Skittles, as well as cashews and mixed nuts.
"Peanut M&Ms are by far the best sellers,"
he said. "They easily outsell any three varieties
every month."
It only takes about 20 minutes to service
each machine. "I can do about 30 a day," he said.
Shaddix, who donates 10 percent of his profits
to the Boys & Girls Club, said it's the low overhead
that makes his business so profitable.
"I work from home and drive around in my
van," he said. "I don't have the high overhead that
corporate America has."
He said his business is virtually trouble-free,
except for the occasional vandalism.
His main frustration is the same lament
of many small business owners: big business. About
the only time he loses an account is when an establishment
tells him they've signed a deal with a large vending company.
"I'm the little guy here," he said.
"And I'm the one who's going into their businesses and
buying their goods. That doesn't make any sense
to me that they would do business with corporate America
and not do business with me."
Still, Shaddix said he has as much work
as he can handle, and there's plenty of room for growth
in the area.
"I'm not going to be buying any more machines,
because I don't want to work any more," he said.
"I'm supposed to be retired. But this area could
handle 350 more machines."
-Statesman
Journal - August 13, 2001- Article written by Shawna Rorem
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