owning your own ATM machine>?

[tiger88]

i always see these ads with a chance to open or buy an ATM machine in an aera and i guess you collect a % of the transaction fee ?

these ads always seem to be on TV.

anyone know anything about the stff at hand? no i am not gonna start one up


also it seem like there is an ATM machine every where u look, not sure if the urban area cities would ever need one more and seems they are like BANKONe or a a bank owned

 

[bran987]

I think you have to pay for repairs, maintenance, etc.

better than owning a vending machine I guess

 

[Mr.X]

i always see these ads with a chance to open or buy an ATM machine in an aera and i guess you collect a % of the transaction fee ?

That % is based on the fee charged; depending on state you can collect anywhere from 1.50 to 2.99 (highest I've seen)

these ads always seem to be on TV.

anyone know anything about the stff at hand? no i am not gonna start one up


also it seem like there is an ATM machine every where u look, not sure if the urban area cities would ever need one more and seems they are like BANKONe or a a bank owned

To be honest with you, the ATM business is saturated, and, in general, the profit potential is fairly limited UNLESS you have a VERY high quantity of machines out. For example, I used to own a small store that had an ATM inside; on average, that ATM would bring in about $95 per Month in profit (it was in the store so it was side income). Now, if you had 1 machine as your business, you'd bring in $95 per month; however, if you placed 1000 machines in hot traffic locations (which have most likely been taken), you'd make $95,000 - 50-60% labor cost (and I'm being conservative - note: my old numbers were baised on self-employement) = $~40,000

The numbers look great, BUT the average (nice) ATM machine can cost upwards of $5,000-15,000; thus, your initial investment would be too large. The ROI is not there IMO.... Also, the lease option on the machines is not a good idea, just think if you're making $500 per mo. (max) and paying 60% of that in lease fees, I wouldn't go for it.

Mr.X

 

[bran987]

That % is based on the fee charged; depending on state you can collect anywhere from 1.50 to 2.99 (highest I've seen)



To be honest with you, the ATM business is saturated, and, in general, the profit potential is fairly limited UNLESS you have a VERY high quantity of machines out. For example, I used to own a small store that had an ATM inside; on average, that ATM would bring in about $95 per Month in profit (it was in the store so it was side income). Now, if you had 1 machine as your business, you'd bring in $95 per month; however, if you placed 1000 machines in hot traffic locations (which have most likely been taken), you'd make $95,000 - 50-60% labor cost (and I'm being conservative - note: my old numbers were baised on self-employement) = $~40,000

The numbers look great, BUT the average (nice) ATM machine can cost upwards of $5,000-15,000; thus, your initial investment would be too large. The ROI is not there IMO.... Also, the lease option on the machines is not a good idea, just think if you're making $500 per mo. (max) and paying 60% of that in lease fees, I wouldn't go for it.

Mr.X

awesome answer X, thanks a lot!

 

[thewanderer690]

wireless internet hotspots might be big soon. If you could set those up you might make some money

 

[manny78]

i always see these ads with a chance to open or buy an ATM machine in an aera and i guess you collect a % of the transaction fee ?

these ads always seem to be on TV.

anyone know anything about the stff at hand? no i am not gonna start one up


also it seem like there is an ATM machine every where u look, not sure if the urban area cities would ever need one more and seems they are like BANKONe or a a bank owned

Repairs and armored guards collect is on your tab (unless you pick up the cash yourself which would be possible if you had a CCW). The reall problem you might face is to find a hotspot without any ATM yet... not that easy.