Purchase An ATM Machine Business
For more than 45 years Automated Teller Devices (ATMs) have been owned and operated by banks and financial institutions. The very first ATMs actually caused resistance in the banking community as they cost more than $30, 000.
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00 each as well as the annual costs of running all of them were more than the yearly income of a bank employee. But over time and with recent government deregulation from the ATM industry private investors happen to be able to buy an ATM device and profit from the transaction costs generated from it. As costs have lowered to buy ATM machines smaller sized sites such as general stores as well as other smaller businesses have become targets intended for sites by the private investors within the ATM industry.
The shopkeeper earns a share of the transaction charges in exchange for allowing the machine onsite and providing minor first collection maintenance of the machine and its cash replenishment requirements. The investor retains a share for carrying the risk of the business and for his investment into the business.
Buying an ATM machine can be a good investment as once the ATM machines are sited there is no stock to buy or rentals or staff expenses to be paid. There is also a smaller entry investment than a traditional business as possible start with a few ATM machines after which add to your portfolio as your returns or investment budget allow.
Because there are no doubt multiple opportunities in your area from ATM deployers you would have to research the various offerings to select the one that most suit your investment spending budget and your level of time you wish to put in establishing the business. For example if you are willing to spend some time securing your own sites you would make a saving on the siting expenses included within you ATM expense.
You would also take your time to ensure that a person selected the best sites. Siting is a simple process as you are offering shopkeepers an additional income stream at no cost to them but you must ensure that you do not offer your ATM’s to a site that does not carry out involving a relocation cost that you simply did not factor into your feasibility of buying an ATM business. Choose carefully. Many larger sites have an ATM machine but your target market will produce much opportunity. Look for a site along with good traffic where the ATM machine will be visible and promoted from the shop owner. Restaurants are not normally good sites, neither are sites where most purchases are paid for on credit cards. Busy cash businesses where customers recognize the need to fill up their wallets when they empty them buying goods in the shops are your target.
That combined with a shop owner keen to maximize transactions from the ATM is what you are looking for. There are plenty of siting opportunities so choose well. Make sure that the ATM company you purchase the particular ATM machines from provides you with any kind of siting brochures and sample siting contracts for you use. The siting agreement is very important because a signed siting agreement represents your ATM business and this, and the costs of the ATM, are the potential goodwill component of any sale of the your business. Sign with regard to at least 3 years for longevity plus certainty, and ensure that the site proprietor lists the ATM machine on his shop insurance policy. The ATM business will provide training to the site proprietor in regards to his duties regarding cash replenishment and minor maintenance which includes replacing receipt rolls.
Ensure that you accomplish the best possible transaction share available, as some companies will only pay you 20 to 40 cents per deal. Shopping around and research will safe for you deals of around 80 cents per transaction.
Look to on the reliability of the Machine provided which a free call number is provided for your customers and for the site owner to call if required. Software program upgrades can be carried out remotely at no charge to you or the site owner so make sure you machines and you chosen company support this feature.
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