ATMs are a sick business. Cash is King! - Acquisitions Anonymous Episode 122

Want to receive this listing in your inbox? Signup for our weekly newsletter:
https://landing-newsletter.acquanon.com/

-----

Bill D’Alessandro (@BillDA) and Mills Snell (@thegeneralmills) are joined by an anonymous ATM Operator, we talk about a deal on new ATM routes for sale, his business, and the economics of ATM routes business.

We go deep diving into the risks, whether or not there’s a need for armor while driving around carrying a large sum of cash, and more on how ATM operators go about their business.

-----

Thanks to our sponsor!

MoreNow.co: We help you hire exceptional manager and director-level talent that costs 80% less than US-based staff.

Tap into one of the world’s most talented labor pools - The Philippines

Go to morenow.co/aa and fill out the form. Or email hire@morenow.co. Mention this pod for 15% of your first hire.

-----

Do you love Acquanon and want to see our smiling faces? Subscribe to our Youtube channel.

• Do you enjoy our content? Rate our show!
• Follow us on Twitter @acquanon Learnings about small business acquisitions and operations.

-----

Show Notes:

(00:00) - Introduction

(01:16) - Our Sponsor is MoreNow

(02:22) - Deal & financials: A new ATM Route for sale

(04:55) - How much is the annual income produced by more than 20 machines? Can you tell us the breakdown?

(05:56) - How much do you need to invest in 1 machine?

(08:10) - How is this like merchant processing? Is it really a volume game?

(11:14) - What are the best locations to have an ATM?

(12:22) - What is the logistical jigsaw puzzle to figure out?

(13:43) - Who are the “backpack boys” or “rabbits” in the industry and what do they do?

(14:40) - How much is the turnover regardless of being a backpack boy or armored services?

(19:01) - How much do ATM businesses make per location?

(22:41) - What's the cost difference on armored services in the City suburbs vs rural areas?

(24:14) - Do you get held at gunpoint at times? What are the key risks of this industry?

(27:35) - How do ATM machines work? What should you understand about these?

(30:16) - Why is syndication a nightmare?

(34:15) - Let’s talk about operations margins and costs!

(40:08) - What should you ask the deal owner around operations?

-----

Additional episodes you might enjoy:

#108 A fireworks store and a ski rental business for sale

#

• Do you love Acquanon and want to see our smiling faces? Subscribe to our Youtube channel.
• Do you enjoy our content? Rate our show!
• Follow us on Twitter @acquanon Learnings about small business acquisitions and operations.