Are you considering adding an ATM to your business? If customers frequently ask about the nearest ATM or your location sees significant foot traffic, the answer is likely yes. Owning an ATM can generate substantial profit with minimal effort. The key to success lies in strategic ATM placement. ATM sales correlate directly with foot traffic. Industry experts, including ATM dealers and distributors, use a straightforward formula to determine the viability of an ATM location: 3% to 5% of the individuals who see the ATM will use it.
Let’s illustrate with an example. Suppose 300 people visit your business daily, and you set a surcharge of $2.25 per withdrawal. If 4% of visitors use the ATM, you can anticipate approximately 360 transactions monthly. This translates to $810 per month or $9,720 annually from a single ATM. The cost of an ATM varies based on the type. Options range from Class 1 Armored ATMs to indoor models like the Triton 9100, through-the-wall ATMs, and scrip ATMs. Non-armored ATMs are commonly used in non-bank settings, with the Triton 9100 being a popular choice. Prices for a Triton 9100 typically range from $2,950 to $3,800, depending on selected features. In conclusion, if your business experiences high foot traffic or frequent ATM inquiries, investing in an ATM machine presents a lucrative opportunity.