Palm Springs Vending Empire
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Sam Parr shares a story about a successful vending machine operator he learned about.
"I met a guy in Palm Springs who had about 1600 machines and he was making anywhere from 5 to 10 million in revenue with about half in profit. I asked how else can it get big, and he told me about a company called Canteen. I looked it up - I think it's public, but they do like 15 billion in sales and they're the largest vending machine company in America."
Sam Parr
Host of MFM and fitness influencer
Sam Parr is a serial entrepreneur and business media pioneer.
In 2016, he founded The Hustle, a business news media company that started in his kitchen with just $12 and grew to eight figures in revenue.
Sam led the charge in making newsletters popular when few believed in their potential.
After four successful years, he sold The Hustle to HubSpot, a publicly traded company. Now operating as HubSpot Media, The Hustle reaches 3 million readers daily, employs a team of nearly 100, and has been the launchpad for dozens of its staff to found their own media companies and newsletters.
Sam remains the host of the popular business podcast, My First Million, and continues to start and sell companies. He also co-founded Hampton, a highly vetted community for entrepreneurs, founders, and CEOs, and teaches people to write better through his platform, Copy That.