Is an ATM Business a Good Investment? How Much Can I Make?

[@poverty2wealth170]

He forgot to mention that the newer ATMs can be converted to Bitcoin.. Also, in some major cities, they have banned cashless stores and stores can get in trouble if they don't take cash. As someone who owns 5 ATMs there is still money in this business..

[@FranchiseCityOnline]

Bitcoin ATM opportunity - Machines starting at $769. kzbin.info/www/bejne/mYjJZp2oidJ9nMU

[@biancabenjamin4999]

Hi Proverty2Wealth, with your machines are there processing fee you pay to companies like VISA, MasterCard, AMEX etc? What are your top sites to purchase an ATM? When you first place an ATM how is this communicated to the banks? Would you need to contact them or is it as simple as plug them in and connect to wifi? I would truly appreciate any feed back you could provide at this time!

[@davidpatrick8454]

instablaster

[@pblunt88]

Hey, I’m in the process of setting up my LLC, but could I ask you some questions ab the business?

[@pblunt88]

Hey, I’m in the process of setting up my LLC, but could I ask you some questions ab the business?

[@chuckbucks7020]

I have an ATM in 2 strip clubs and one pays for Ferrari the other pays for my retirement

[@ryantfinchum]

Need A LOT of 1's

[@DavidDavid-jb1cy]

lol sure

[@chuckbucks7020]

@@DavidDavid-jb1cy Yep "Welcome to the Boom Town" the twins treat me well.

[@akinvests]

Are you serious? Do they make good money

[@nathann5169]

I’m 17 and want to do this and am currently researching how to. I can afford to start an atm business, but how do you find a location? Do you just go in and talk to the owner of the strip club and ask to put one in?

[@JStieloSoloPhysique1987]

This is something I’m thinking about starting for 2021 along with Vendibg Machines.. savings money for a few years, building personal and business credit .. then I’ll look to purchase a small laundromat or barbershop.. then eventually I want to get into rental properties.. all within the next 5 years!!

[@FranchiseCityOnline]

It all starts with a goal and a plan! A liitle bit each day adds up to massive changes in a few years. Thanks for watching!

[@celebratingvictories]

Very informative video, great points. I own an ATM business and talk about a lot of this. I find that anyone can start an ATM business with roughly 4k just starting out. Carey Buck is my mentor and has been invaluable to my success. Great video Robert.

[@FranchiseCityOnline]

Thanks for the comment!

[@Heartless-oi3sp]

How much you make with your atm business? What locations do you have them in? Do you have to work atms or is it passive income?

[@TheRealMrLane]

I've been thinking about this for a while. The virus has really halted my progress since a lot of locations are closing. Overall a great video with great information and insights and gave me motivation to go forward. Thanks as always.

[@FranchiseCityOnline]

Thanks for watching!

[@healthyvending]

ATM's, vending, real estate, business....location, location, location!

[@LifeTrucking]

Awesome that you mentioned Carey Buck.

[@ihavenoname6724]

You've made some great progress with the way you present things and the overall production quality of your videos, good job man.

[@brandonmerrithew317]

Sounds like starting from scratch would be best for me. My company contracts with a very large ATM vendor in the states. I've done everything from installs, to branding, to compliance audits. I have the knowledge of the machines. It's just a matter of finding decent locations I guess.

[@FranchiseCityOnline]

Great head start to have! Thx for the comment!

[@mistercash8555]

Can you please do a video on a Liquor Store? I been wondering all my life how profitable is, thank you

[@FranchiseCityOnline]

kzbin.info/www/bejne/Y4G3i2yvhZWWY7c ---- Liquor Store Vid

[@bestprice1776]

Sure it's very profitable in the ghetto LOL

[@mistercash8555]

@@FranchiseCityOnline Thank you!

[@raphaelgobidas5855]

It would be difficult to do break down on a national scale. As every state has very different licensing and regulations. This is true for most industries, but not anywhere near the level of regulation retail and wholesale liquor sales has.

[@Stonefactor]

Good one. That'll definitely be interesting.

[@bodyguard5879]

Don’t forget, servicing ATM’ s should be done by armed security.

[@anjr6282]

Nah, I don’t think so. Just use common sense. Plus, a private owner can always carry a concealed with the proper license.

[@healthyvending]

ADA compliance, not something to mess with!! Great point 👌

[@hassanbazzi3545]

Very interesting. When I owned my gas station, I had an ATM that really was help to the business. As you said that you need to know how to do the simple trouble shooting and loading them with cash. Unfortunately cashless society is the way we are being directed to. My brother works in an NFL stadium and refused an order of more than $450 due to customer requests paying cash. Thank you for sharing. Very interesting subject

[@FranchiseCityOnline]

Thanks Hassan! Thats a great point we didn't cover, an ATM as an additional revenue stream for a business. I would think many ATM route owners have tried to place a machine in a great location - and once the business owner hears how much $$ is involved they just get their own! :-)

[@omarsader8824]

Franchise City you are absolutely correct , that what most gas stations and minimart did long time ago . I would think very hard before I get into this ATM business. Thank you 🙏

[@fredhorton8396]

I’m 21 I definitely been think about owning 3 atms I hope it pays off in the long run

[@nathanski9268]

Progress report?? Any news?

[@geoffreysnyder4618]

I own a few atms in my town. Thought ot was a great investment and it was but I got hit with covid and then the "coin shortage" less and less people are using them. So Ive been wondering what will take the ATMs place in the short future.

[@deangeloscott1245]

Did you have to come up with 60,000

[@jacobbarnhart3992]

How's that business doing these days?

[@VitalXtreme]

It would be interesting to hear your opinion on the new Bitcoin/Crypto ATM business. We have many of them here in Vegas.

[@thatcoolkidjoey]

You can run it from home🤔 no wonder my neighbor has an ATM in front of his house across the street 🤣

[@eric13731]

Lol

[@GentlemanStylePodcast]

We invest in ATM's in the State of Virginia and a great location still does well and has been lucrative for us by far

[@BenjifocusTV]

What do you think the best way is to find locations

[@GentlemanStylePodcast]

@@BenjifocusTV still door to door

[@careybucktalks]

Thanks for the shoutout! Appreciate it! Great video with very realistic expectations for folks! Well done!

[@FranchiseCityOnline]

Thanks for visiting :-)

[@krisbec5904]

I wonder about the machines that turn cash into debit cards? I’ve seen them in amusement parks and airports. I’d like to research those, but don’t know where to start… I think in coming times they will be more lucrative than cash ATM’s

[@dujuanjohnson5025]

Hmm you might be onto something 🤔

[@xMayflyx]

Do you give 1099s to the locations your atms are at? Also do you have to collect sales tax and have a retail merchant certificate?

[@Mark-vs9rk]

Are you familiar with convenience store food concepts like hunt brothers pizza or krispy krunchy chicken? What type of food franchisees are available for existing spaces?

[@FranchiseCityOnline]

The brands that are available will be dictated by your local traffic numbers, the footprint of your location, whether you can have a range hood, and other factors. Give us a call if you are looking we can help you determine what would work.

[@bestprice1776]

I already knew the answer was NO before I watched the video.

[@FranchiseCityOnline]

It isn't necessarily! For some people it can be the best option - depending on their situation.

[@caseyswann1389]

Filling out a job application should’ve been a no. I tried that so I’ll damn near try anything 😂

[@sminthian]

I've never thought about who owns ATM's. Are the ATM's outside of banks actually owned by the bank, or are they franchised to a random person and the bank just puts their name on them?

[@FranchiseCityOnline]

In most cases (if not all) bank ATM's are operated by the bank as a courtesy to customers. Good banks dont charge a transaction fee :-) so there would be no profit for an indy operator.

[@CombatTalkRadio]

@0:43 - someone needs to interview that girl. She's on EVERY advertisement you can think of. She's got to be richer than these companies.

[@aniellis1455]

Love this channel... So much information to utilize..

[@FranchiseCityOnline]

Thank you :-)

[@MrMosoani]

Can you guys direct me to a video who actually owns an ATM. Just need to know the technicalities.

[@TheColombiano89]

I have an ATM business. My atms work for me and you can even hire it out being loaded!

[@yeseniacruz8476]

Where can I buy one ?

[@TheColombiano89]

@@yeseniacruz8476 hit me up on Instagram dm @atmcapcash

[@ceorich8330]

Came across this video wow all the franchise knowledge in one place

[@FranchiseCityOnline]

Thanks for watching!

[@affirmationsforabetteryou3673]

Any ATM business friendly banks? I have been rejected 6 times by banks/credit unions for ATM business. Any recommendation on which banks accept and support the business? Thanks

[@FranchiseCityOnline]

ATM's can be tough through traditional banks. Did you try any private lenders, or sites like LendingClub? That would probably be my first stop. Hope it helps!

[@williamford9564]

$300 a month. $36,000 a year before taxes? Why bother? A truck driver makes 1 1/2 times that and is not paying for a job.

[@howtoguro]

$3,600.

[@chowder4118]

because you literally don’t do anything you can sleep and make money

[@robertdavidj]

This was a fantastic & informative video ✨👏🏾✨

[@otisharris1607]

Great Content

[@FranchiseCityOnline]

Thanks!

[@olboitheeinnovatordoanythi8480]

Best Channel Ever 🙏🏽🙏🏽🙏🏽

[@FranchiseCityOnline]

Thank you for the kind words!

[@rafeeqmohammed6544]

Everybody talk about the ATMs ok that’s cool but how do you split profits and how do you collect the earning somebody please tell me

[@hitmeup921]

i have a legit friend to help you out

[@UdoADHD]

Where can I find routes to buy?

[@FranchiseCityOnline]

For existing routes you can try Bizbuysell.com or your local broker, or if you are looking to start a new route give us a call. Thanks for watching!

[@LunaLighthouse]

Thank you so much. Very helpful.

[@FranchiseCityOnline]

Thank you for watching!

[@Tony170st]

Great video appreciated it

[@FranchiseCityOnline]

thanks for watching!

[@jeffdorris5321]

Nice work 🎆🎇🌠

[@KINGMARCO]

Let’s say you go solo on this atm right what about taxes and other legal things ?

[@FranchiseCityOnline]

Solo, franchise, or existing route there is no avoiding taxes :-) This business or any other.

[@POPINTHETAPE]

$150 - $300 a month? I can make that in a week doing Door Dash.

[@FranchiseCityOnline]

True, but you cant work 20-30 DD routes whereas you can set up 20-30+ atms :-) Thx for the comment.

[@kylelagasse7507]

Ur also working all week at DoorDash while this is passive. All you need to do is fill the machine.

[@howtoguro]

@@kylelagasse7507 Well if all your machines have $3500 preloaded. 8% per transaction on average. After the usual 50/50 split you make 4%. 100%/4% = 25 times. If you wanted to make $35,000 that's 250 trips, however many miles, gas, time reloading, ATM internet expense, and 10k (Vehicle+ATM+3.5k+Misc) to make yourself a part time job in a dying industry. Its good if you have enough machines and volume and logistics, but it's not passive. You also can't just hire some random low wage person to be entrusted with potentially 10's of thousands of dollars.

[@jeffreyrwilliams9345]

thank you

[@wayneporter9311]

Robert, what is the name of your other KZbin channel?

[@FranchiseCityOnline]

Madellian - I should warn you it still remains an unfinished, terrible mess :-) but thank you for asking! kzbin.info/door/MlfXbdlKmfP8jNK4i8i9Ug

[@ragekingleoTv]

How the hell I'm put one in the atm ?

[@moisescaballero7458]

So i guess your saying the safer and better sucess rate would be to buy a atm route ?

[@FranchiseCityOnline]

Not necessarily. The industry pressures are still relevant even with an existing route. You are also going to pay a significant premium over just machines. If the buyer is capable of sales and building business relationships it can be cheaper to not buy an existing route. The compromise would be a franchise that places the machines. Every situation is different and you have to analyze your specific situation to assess which path makes the most sense. Thanks for watching.

[@moisescaballero7458]

@@FranchiseCityOnline do you think i can profit more doing gambling coin machine instead or a vendi machine

[@FranchiseCityOnline]

@@moisescaballero7458 Depends on the venue you place them! Placement is everything. If you put either in the right spot you can do well. Its all about testing locations to find the best one. Dont expect to make too much from a single location regardless of what machine you choose :-)

[@danielschein6845]

Do people really still pay $3 ATM fees?

[@acommentator69]

Yes surprisingly

[@OneSquidOneBike]

I had to pay a $10 fee at a strip club a year ago... so yeah lol

[@ericramirez5902]

Where can I look to find an extisting ATM business in my city?

[@FranchiseCityOnline]

Try bizbuysell or google "atm for sale " with your city name. Thx for the question.

[@thetradingbar5856]

I’ll take the crypto ATMs!

[@Stonefactor]

Exactly, digital assets are the future of the entire financial system.

[@FranchiseCityOnline]

We have a franchise for that as well - stay tuned!

[@thetradingbar5856]

Cometa Soulstar, yep, I’m fully invested.

[@ironwill3035]

Why would anybody sell thier route if its producing enough revenue

[@FranchiseCityOnline]

Many reasons! Health, family, prefer a lump sum over ongoing revenue, bored of the business and/or ready to try something new.

[@bski6323]

Don’t franchise save money. Title should be on this video let me discourage you so you don’t open an atm business 😂

[@FranchiseCityOnline]

Not at all! We all own businesses and I highly recommend entrepreneurship. Just do quality research before you invest! Thx for the comment.

[@peaceful4you408]

Any business can be a bad business if you make bad decisions though. Lol.

[@pantherplatform]

How am I going to buy dope without cash?

[@Stonefactor]

Everything's going cashless. Learn about cryptocurrency and invest in the coming Quantum Financial System.

[@sidharthchand8072]

Cometa Soulstar not in strip clubs and casinos

[@Stonefactor]

@@sidharthchand8072 If I had to guess I'd say Casinos are going cashless as well. The games aren't a played with or paid out in cash, all you need are chips. So the initial chip purchase could be made with anything. And for the strip clubs they'll probably have Tesla design some magnetic card reading booty sensors. But until then I'll keep a few singles on the the side, thanks for reminding me.

[@MaurizioAgui]

@@Stonefactor I agree 100% with you!

[@Andrembramwell]

everything going cashless is the reason why ATMs will still work especially the Bitcoin ATMs because as you see on the news drug dealers and people are running cash through them for crypto to bypass being tracked

[@jakp8777]

Less and less people using cash, more credit card use and apps. Not a good business.

[@NationalATM]

We beg to disagree !

[@paulh2741]

Put it in a barbershop

[@itsrelativ3967]

It's a leisure business. Don't do it for a career.

[@johnsonbenson5779]

I make huge profits on my investment since i started trading with a professional broker Mrs Selina Rivera, her trading strategy are top notch coupled with the little commission she charges on her trade. Thanks so much ma'am♥

[@martinthomas9371]

I started this with just a thousand bucks. my portfolio is worth much more now within just weeks of trading with her thanks Selina

[@benroland3652]

Surprise to see others who trade with Mrs Selina Rivera, i am currently on my 5th trade with her and my portfolio has grown tremendously

[@felixsizer300]

Thank you for the level-headed financial advice. I started my investment with $3,500 in just a week of trading with her I’ve gotten $11,750 in my portfolio. Thank you Ma'am

[@martinthomas9371]

OKAY REACH HER ON HER TELEGRM

[@martinthomas9371]

investwithSelina is her user name for help.

[@CP-og4cu]

Wouldn’t plan on this long term. Cash will be obsolete soon. Everything is going digital. These ATM’s will be like pay phones in a few years.

[@chikezieegwu6653]

Stay broke bro

[@JD-dw1dr]

What about the Bitcoin atm business?

[@teresacooks7810]

It's available if interested

[@ericflorida954]

What if you owe someone some cash......I don't think the need for ATM's will ever go away. Especially in and near bars and stripper joints where guys dont want their wife to see a BooB bar on their credit card statement.

[@trina2100]

I think cash app solves both dilemnas. They offer a free debit card.

[@yupdup5966]

Follow the 10 commandments Christians and ask for forgiveness

[@nickv4073]

No. Cash is going away. Debit cards, credit cards, Venmo, etc. I've noticed my kids don't even carry cash anymore. Neither do I for that matter. Did you know that cash is not even accepted anymore anywhere in China? They all use cash apps on their phones. Its a dying industry just like payphones. Anyone use payphones anymore?

[@YTStopCensoringFreedomOfspeech]

Yes I use payphones to call your wife for our hotel meetings when you are out of town. She pays me cash.

[@nickv4073]

@@YTStopCensoringFreedomOfspeech Payphones? Did you just wake up from a 30 year coma?

[@YTStopCensoringFreedomOfspeech]

@@nickv4073 its a joke. Calm down junior. If you are this easily offended, you have low self esteem

[@moyahilton]

@@YTStopCensoringFreedomOfspeech Lmfaoo

[@infiniteg7852]

@@YTStopCensoringFreedomOfspeech lol

[@Mav0585]

Until they implement the cashless fed digital dollar society 😭

[@howtoguro]

You mean literally an obvious path that we've been trending towards independently as a global economy for 50+ years? Cash might have died a little slower if they got rid of lower denominations coins and added higher denominations, but one was for the penny lobby and the other was to stop money laundering.

[@kenlawdhammercy5804]

Stop lying in these comments