im not in the business yet but i have talked to one ice house owners. From what i learn ice house owners are territorially reserved. In our area thats all i see is twice ice which are ice house machines. One of the owner who wants to put one on our lot that we are going to build our washateria on. He want to lease the spot for $500/month. He owns 2 in our area, still in red he says. He and his wife still work their daytime job...so that tell ya something.
From my speculation, i rather lease the space out to them. that money is sure to get regardless if it fails or not. Secondly, that is a big investment and regulated by your health department and also sales tax. 3rd, How many bag of ice and water can you sell ? I use to be in retail, even our high volume store, we push out on average 25 bags per day @ 99 cents per bag. Our ice machine cost only $4k. vs this monster. Location is the only factor in any business, he put one next to Ace hardware store, and the other on the outskirt of town. You would think he would make money at the ace location, since it is targeting construction, lawn services , etc...