The key to growing in the atm business is simply CASH FLOW! Without it, you will be stuck with assets that you can not fill with cash. Making things worse is the inability to have access to vault cash within the atm business. That leaves many companies to only deal in local markets (to cut down on costs). Furthermore, it doesn’t allow you to grow.
One way to continue the growth is to use companies that offer vault cash services. Here’s an example:
You have an atm location that does 250 transactions a month @ $2 surcharge ($500). You pay the store owner .50 transaction ($125). Assume your buyrate is .10 and you get .30 ($75) on the backend (hopefully you are getting at least this amount, if not contact me asap so I can slap you! After that I can point you in the proper direction)
So from our example above you have a profit of $450. Now depending on your cash flow situation, you are either using your own money or borrowing it at an interest rate. Throw in time, commute costs, or even armor car costs, your profits are dwindling. Additionally, and more importantly, this is hindering your growth.
What if I told you we have a close relationship with an atm company that would charge you .75-$1.00 per transaction to handle your entire cash vault operation? This will dramatically increase your cash flow and allow to scale your growth as you reposition your portfolio. Minimum transaction count is 150 transactions a month in order to qualify. You can always read our Sell your atm portfolio blog.
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April 17th, 2010
ATM Business
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