Are you considering adding an ATM to your business? If customers frequently ask about the nearest ATM, or if you have substantial daily foot traffic, the answer is likely yes. Let’s explore how owning an ATM can generate significant profit with minimal effort.
The key to a successful ATM venture lies in strategic placement. ATM sales are directly tied to traffic volume. Reputable ATM dealers and distributors use a proven formula to estimate potential usage. This formula involves calculating the percentage of foot traffic that will likely use the machine.
Industry experts estimate that 3% to 5% of individuals who see an ATM will use it. For example, if 300 people visit your location daily and you set a surcharge of $2.25 per transaction, assuming a 4% usage rate, the ATM could generate approximately 360 transactions monthly. This translates to $810 per month or $9,720 annually from a single ATM.
The cost of an ATM varies depending on the type. Options range from Class 1 Armored ATMs to indoor models like the Triton 9100, through-the-wall ATMs, and scrip ATMs. For non-bank locations, non-armored ATMs are the most common choice. The Triton 9100, a popular non-armored option, typically costs between $2,950 and $3,800, depending on selected features. These can be purchased from local ATM dealers or distributors.
In conclusion, if you have frequent customer inquiries about ATMs or consistently high foot traffic, investing in an ATM machine can be a profitable venture. Carefully consider placement and transaction volume to maximize your return on investment.