Do you want to start an ATM business by buying a franchise? If YES, here are 2 best profitable ATM franchise opportunities for sale and their cost. In this modern era, individuals prefer not to carry a wallet full of money since they can easily withdraw from their bank accounts using their ATM cards. There are now many ATM units available on busy streets and markets to serve the public.
Even though you need a lot of money to start an ATM franchise business, but some companies offer low cost ATM franchise opportunities to individuals willing to invest in the business. An entrepreneur can earn money with an ATM franchise by charging customers. Individuals who use the ATMs are more than happy to pay a fixed amount for the convenience you provide them with your ATM unit.
Note that you can charge your customers between $1.50 and $3.00 for every single transaction. Since you are only required to pay 5 to 10 percent to the bank, you can earn a steady income as long as you place your unit on a high foot traffic area such as high – profile bars and clubs.
It’s very important to state that location is a crucial factor in this business. If your ATM is in a place with less foot traffic, you can have a general average of 150 to 5,000 customers a month. The number of customers significantly rises depending on the place where your ATM is located. So, place your unit in a place with good traffic. This will dramatically increase your income as more people will be using your ATM.
If you decide to go for a franchise, you only need to pay a small fee for your business to get started. As a small franchise business, you do not need to do a lot of hard work. All you need to do is make sure that your ATM is full of cash all the times.
Have it in mind that ATM franchising does not require any experience. Also, the maintenance and repairs of the ATM machine is usually handled by the manufacturer. The ATM business is extremely profitable, and anyone can get into it.
The fees charged to customers by the ATM are divided between various parties or partners in the ATM ecosystem. The three main parties in every ATM business are the ATM owner, the venue owner and the ATM processor. The ATM owner is the person that is buying the machine and placing it at a specific venue or place.
The venue owner is the person you’ve contacted and negotiated with to place your ATM machine. Lastly, the ATM processor is the company that is handling the processing of paperwork to allow the ATM to function. So, if you’re willing to grab an opportunity and enjoy the best return, leverage the franchises briefly analyzed below to earn a steady income every month without putting in much capital and effort.
2 Best ATM Business Franchise Opportunities for Sale and Their Cost
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ACFN
This company offers ATM service to over 2,000 properties located throughout the United States and Canada, and it is the only national ATM provider that does not make use of third party companies to service ATMs. ACFN franchisees have been operating ATMs at major hotel chains for almost two decades now.
The company’s business model can be scaled to fit an individual’s specific situation, thus allowing owners to grow at the pace which suits them. All new ACFN franchisees attend an extensive, three-day training session in company’s offices in San Jose, CA.
The training covers a wide-range of topics. Franchisees benefit from a strong network of central office operational and marketing support. ACFN’s marketing strategies and services provide the competitive edge that every business should have in their toolboxes.
Financial Requirements
- Cash Investment – $60,000
- Investment Range – $60,000 – $100,000
- Franchise Fees – $25,000
2. Aspire Payments
Aspire Payments is an electronic payments kiosk that processes credit cards, check cashing, ATM services, and other electronic payments. An Aspire Payments Kiosk has over 20 different revenue streams and can be run either full-time or part-time. Note that the ATM division within Aspire Payments makes it possible for anyone to grow and scale their own ATM portfolio through the utilization of their virtual terminal and google & android mobile application.
The company’s extremely competitive financing solutions cover equipment, cash needed to supply the ATMs, as well as armored car services for the logistics related to loading and servicing the machines for franchisees that want to be hands off.
Financial Requirements
- Cash Investment – $175,000
- Investment Range – $100,001 – $200,000
- Franchise Fees – $25,000