The ATM machine industry is quite attractive to many entrepreneurs across the UK for a variety of reasons. An ATM franchise is a cash-only business that requires minimal maintenance and little storage. It is affordable and easy to get started once you have an excellent location.
According to reports, ATM businesses are doing well everywhere right now, after a sluggish few years during the economic downturn.
In 2017 alone, the UK imported 67.7 million pounds worth of ATM machines, which was a slight decrease from 2016. Continuing advancements in technology will help the development of new ATM machines such as those with card less or touch screen technology. Less and less of us are carrying cash on a daily basis so an ATM machine is a necessity.
For entrepreneurs, ATM machines provide low-cost entry into a business that can potentially earn revenue 24 hours a day – with the right location and right marketing.
With new businesses popping up every day, there is plenty of room for a savvy ATM entrepreneur. Note that the primary advantage of ATM franchises is that an ATM machine usually doesn’t require much of your own time, so you will be able to have a second job.
On a typical day, you might just have to check your machine once to refill money and check for malfunction. Customers are charged a particular fee and fraud is never an issue and the industry has a very low cost of entry in comparison with businesses that involve retail space.
In the ATM machine business, it’s all about location. An ATM machine in a prime location will make more money than one that nobody ever sees. So, compile a list of potential locations and ATM options in your area.
It is always advisable to visit your potential locations to check leg traffic, the demographics of the customers and to ensure that the area currently doesn’t have an ATM service. Carefully write down all your observations so you can easily compare.
Also, create a personalized presentation to pitch to each owner and make sure to include any specific details about each particular business.
Have it in mind that this will show that you have done your research and are serious about the endeavor. You might need to give businesses an incentive to allow you to place your machines in their venue. This is usually done by offering them a percentage of your earnings.
The ATM business is extremely profitable, and anyone can get into it. Here are top franchises to consider if you decide to take the plunge.
3 Profitable ATM Franchise Opportunities in UK and Their Cost
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ATM Money Machine Inc – £5,800
This company has developed a program that will enable you to get into the ATM business. Note that you can reap the rewards from this outstanding business and they will help you with their proven techniques every step of the way.
Every time you place an ATM machine you earn 100% of the transaction income for as long as the ATM machine is there. You can get into this business with very little cost and virtually no limit to the money you can make.
Since ATM Money Machine’s ATM program has no hidden fees it is the business opportunity of a lifetime! There is no other ATM banking company that offers a no cost ATM program like this company.
Cost
- Franchise Investment: £5,800
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Lieberman – £4,680
This franchisor will work closely with you from site selection to installation. Their easily implemented program can help you start up and operate your own successful ATM business. Full-time or part-time – you choose. Earning potential can be up to thousands of dollars every month.
Finding good locations is the key to running a successful ATM business. Lieberman Companies will assign an account manager to share knowledge on finding an appropriate site, correspond with site on your behalf to estimate the potential success, and help with the location commission structure.
Cost
- Franchise Investment: £4,680
- MatchPoint
This company will help you to find your ‘perfect’ franchise partner by first ascertaining whether or not you’re cut out for franchise ownership at all. This is a no obligation, free, service; similar to buying a house via an estate agent.
Unless you fully understand what to look for in a franchise, you can, potentially, make a very expensive mistake. It is a situation where independent advice and guidance are essential to you – MatchPoint minimizes these potential risks by introducing you to the most suitable franchises, and guiding you through the appraisal and purchasing process.
Cost
- Not available