Repost from TommyBryson, Make sure to check him out!
Have you ever wondered how much money does it take to start an ATM business, its like being a small bank. I think thats idea is very cool. So I’ve decided do some research and find out how much money it cost to start your own ATM business. Key Questions Answered
1. Start up Cost – How much Does the Atm itself Cost: – Location Cost – Capital Requirement, Money need to put inside: – Credit fees: – They work on Internet lines, Phone lines, and cell phones – Average transaction is $60 says that’s 12 people per day and 360 per month : $21,600 dollars a month is needed if on average each person take out $60 –
3. Profits – Surcharge for each transaction: $3 on Average (I check in my Neighborhood and its – Average atm use is 4-8% of the business foot trafiic – 150 people coming in on average | 12 people use the atm | at 3$ per transaction = 36 bucks per day and $1080 bucks per month
5. Call atm business and ask them question live
Locations: Gas Station, Convenient store, Bars, Malls, Nightclubs