Overview of ATM Business Investment
According to Forbes.com, this is how an ATM business works – The ATM owner (“you”) are the one that’s 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.
Factors Contributing to ATM Business Success
One of the most important factors to the success of your ATM business is location.
Profitability of ATM Business
- Compared to other businesses, running an ATM business involves relatively low maintenance and operational costs.
- Once the ATM is set up, routine maintenance and cash replenishment are the main ongoing expenses.
- This business does not require your presence 24/7, allowing you to earn money with minimal effort.
Is Owning ATMs a Good Investment?
Owning an ATM can be a good investment because the costs of buying an ATM are low compared to the potential returns that an ATM can generate. Based on average new ATM costs ($3,000) and average gross revenue per ATM ($540), the ROI can be upwards of 100% per year.
Profitability of ATM Machine Investment
How much money do you make owning a ATM? At 6-10 transactions per day, that is a daily gross profit of $15–$25 per day. Therefore, the income potential of one ATM machine in a retail business could be around $450–$750 per month.
Location Plays a Crucial Role
Would-be ATM business owners should carefully consider the location of their ATM machines. A high-traffic area with a need for cash is more likely to generate transactions and make a profit.