ATMS AND O.P.M. OH MY HOW MUCH MONEY DOES IT REALLY COST TO START AN ATM BUSINESS? CAREY BUCK
$0 to $4,000 to buy, own and operate your very first
ATM.
How can you start your ATM business with $0? You
need cash to put into the ATM right? That’s how
you get paid, when people withdraw the cash in the
machine. How can I start the ATM business with
zero cash then?
You can start your ATM business with no money the
same way that you can buy real estate with no
money.
You know by now that when you do no
money down real estate deals that there really is
money involved! It’s just not YOUR money.
The same goes for starting your ATM business.
You can use O.P.M. (Other People’s Money) to start
your ATM business.
$150 can be used for various things associated
O.P.M. can come in the form of a credit card, home
with an ATM install.
equity line of credit, business line of credit or private
stickers, cinder blocks (if you’re not bolting down
money lender. You pick your O.P.M. source.
the machine). Or, you can just add the extra cash
For instance, signage,
to the inside of the ATM.
Whether you are using O.P.M. or you have cash in
the bank you’re going to need roughly $4,000 for
That is the amount of money that you will need for
your first complete ATM set up.
every single ATM that you install. You’re looking
at $4,000 a pop. $4,000 of your money or $4,000
Here’s the breakdown of that $4,000:
of O.P.M. It doesn’t matter how you go about it,
but those are the basic, start-up figures.
$2,000 for a brand new ATM (give or take a couple
hundred for shipping/installation.)
I like to teach people this financial method of
getting into the ATM business so they realize that
$350 for a modem or phone line
big dollar amounts really aren’t needed. As you
continue in your ATM business, you might realize
$1500 for the cash inside the ATM (that customers
that you have to fill your ATM twice a week when
will withdraw).
there is only $1500 cash inside.