Successful ATM Business in Dallas

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Points to Consider before Buying an ATM

Are you looking for a business opportunity that provides stable income? The Dallas ATM business has genuine potential to generate good revenue.

Income from an ATM Venture

The larger portion of your ATM sales will come from transaction fees after a customer withdraws cash, which usually cost them between $2 and $4 per withdrawal. Owners of ATMs get the entire transaction charge plus the $0.30 up to $0.40 processing fee. If you have partner in your ATM business, your share will be from $0.50 up to $2 depending on who fills the cash in the machine.

Cost of Purchase

Outright acquisition cost of a reliable ATM is between $2,000 and $2,500. In the event you want a high-end ATM model, be ready to shell out in the $3,000 and $4,000 range. However, this type of equipment is more sophisticated and resilient with electronic safe lock, Wi-Fi connection, and colored LCD touch screen. The price depends on screen size, security features, technology, and cash notes the machine can hold.

The recommended amount of cash flow each week is $2,000. Other expenses for maintaining ATMs are as follows:

  • Insurance coverage is between $30 and $50 monthly for a single machine to cover damages and theft.
  • ATM installation is between $20 and $40 per month (for Wi-Fi models).
  • Processing expenses of $0.30 up to $0.40 depending on the contract and processor.

ATM Placement

For those who cannot shell out the initial capital, which is roughly $4,000, an alternative is the free ATM placement program. Under this arrangement, the machine provider takes care of shipping it to your location, install the machine, and manage the money without any fees. The catch here is you only earn approximately $0.50 for each withdrawal and the company gets most of the earnings. Besides, most providers are willing to install only in high traffic places.

High traffic means a minimum of 300 transactions every month. For those capable of producing high-volume withdrawals, their share can increase up to $1 per transaction. Providers with higher income are prepared to provide a higher share as compensation for using your establishment or property.

Business Possibilities

Entrepreneurs searching for a viable ATM business to purchase in Dallas, have the option to engage in a so-called ATM partnership. There are many ways this arrangement can work; you can lease the machine and the revenues are divided equally between the two parties. Otherwise, you can choose the lease to own approach for something around a minimum of $65 or a maximum of $85 monthly. The arrangement can result in savings of more than $2,000 in outright capital for buying the machine. Yet, you can keep bigger portion of the transaction fee less processing expenses.

Envision Success

To figure out if the ATM business for sale or lease will succeed or not, ask yourself the following questions:

  • Does your enterprise, or the business near you, maintain cash only service?
  • How much foot traffic do you get in one day? Do you reach at least 150 or more?
  • Is your ATM within walking distance of your outlet or area?
  • Are there a large amount of shops, restaurants, and other retail stores in your neighborhood?
  • Do your customers often ask for the whereabouts of the ATM?

Choosing the ATM

Making a selection of your machine is not easy. Initially, identify your spending budget. As mentioned earlier, you can start for as low as $2, 000. Pick a good place because the chance for your business to thrive is dependent on the location. There are many choices when it comes to location. The probable sources of procuring ATMs comes from web-based providers.

You can either order a machine from a locally-based enterprise or seek assistance from e-commerce sites like eBay or the classified advertisement website, Craigslist. Be prudent in picking your machine because the investment cost is no joke.

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