
← Boring Money22. Sept. · 1 Std. 21 Min.
He Does $6M a Year Bottling Water. One Robot Almost Broke Him.
He Does $6M a Year Bottling Water. One Robot Almost Broke Him.
Jay Peterson got out of Boston College in 1991 into no jobs, went home to Kankakee, Illinois, and sold industrial real estate for a broker who gave him the listing nobody wanted: a hundred acres next to a dynamite plant. Two years later some friends set him up as a Canteen distributor with one route truck and two vending machines. He and his wife Myra were the first two employees. They canceled their honeymoon to take on a Sears distribution center.
That vending company got to about $10 mil...