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Can you franchise ATM?
When owning your own ATM franchise, it’s all about location. Business owners find that ATM franchises are most profitable in high traffic locations such as malls and hotels. ATM franchises can also be maintained on a full or part time basis depending on the number of machines a franchisor wishes to have.
How much does a ATM franchise cost?
The cost of starting an Indicash ATM Franchise is comparatively low. You can start being an Indicash ATM Franchisee by making a minimum investment of ₹ 2 lacs as a one-time refundable* deposit and approx. ₹ 3 lacs to run the daily ATM operations. 6.
Are ATM routes a good business?
Daniel said self-service or buying your own ATM is very profitable, and between 15 and 30 transactions a month yield a high return. “[It’s] a great secondary source of income that could equal between anywhere between $20,000 and $30,000 extra per year,” he said.
Is investing in ATMs a good idea?
Very few people know that the Automatic Teller Machine (ATM) can be very lucrative for private investors. The opportunity for investment in this asset class can provide strong double-digit cash flow returns and provide lots of tax free income through depreciation.
How much rent does ATM pay?
Experts say the banks are giving monthly rent at around Rs 15,000 for the ATM space means at least Rs 1.8 lakh per annum. If you add the appreciation coming in into the ATM property, an investor can pocket at least Rs 2 to Rs 2.25 lakh per annum easily.
Which ATM franchise is best?
Here are the top 5 best vending machine & atm franchises in India
- Yess Pizza. Founded in: 2004. Franchising since: 2018.
- Arihant Creations. Founded in: 2010. Franchising since: 2018.
- Tata Communications Payment Solutions Limited (TCPSL) Founded in: 2004. Franchising since: 2018.
- Hitachi Money Spot ATM. Founded in: 2005.
Is an ATM business profitable?
The average ATM in a retail environment does about 6-10 transactions per day. At 6-10 transactions per day, that is a daily gross profit of $15 – $25 per day. Therefore, the income potential of one ATM machine in a retail business could be around $450 – $750 per month.