Lease an ATM Machine
If you have decided to buy an ATM Machine for your retail establishment to increase your monthly revenue, you will have to decide whether your best option is to buy or rent one.
Your decision will make a considerable difference in your cash flow and determine your profitability. This decision will depend on your current business situation.
Leasing an ATM Machine used to be the only viable option for a small business owner when these machines cost over $5,000.
But, since the price has now dropped, you can buy a machine for $2,000 to $3,000.
For this reason, retailers often decide to buy a machine. They want to avoid committing to another monthly payment.
According to statistics, an ATM’s Return on Investment (ROI) is statistically between three to eighteen months.
The ROI is determined by a number of causative factors:
*store traffic in the location,
*demographics of the neighborhood,
*hours of operation, and surcharge.
The national ROI average for machines with a $2 surcharge is about eight to nine months.
Still, this may not be the best decision, particularly if your business is on a tight budget.
Rather than giving up the idea of earning an additional income from an ATM machine, leasing one is a viable alternative.
By leasing a machine, you will improve your cash flow because the machine will be earning while you are making payments on it.
*If a business owner has great credit and does not need to purchase additional options, then they can lease a machine for as little as $55 a month.
*In addition, the business owner is also eligible for a 60 day deferred financing agreement.
*This way the machine can earn before you begin making payments on it.
Qualification for the deferred payment plan will depend on a number of factors.
*If you qualify for this alternative financing plan you can make three equipment payments.
*After buying the ATM Machine, you can make a 50% deposit and two 25% deposits 30 days apart.
*If, for example, your ATM Machine purchase is $2,500, you can lease over a three or five year period.
*Your lease rate per month will fall between $55 and $95. The lease rate is determined by your credit, how long you have been in business, and the type of ATM equipment you select.
There are three main benefits to leasing an ATM Machine:
1. Your lease payment is always the same. This allows for predictability when you are determining your budget.
2. Your expenses are cash deductible.
3. You will recoup your expenses each month from your ATM operating commission.
AWESOME MONEY MACHINE!!!!
Basic description of ATM is the CASH FLOW.
Literally, we can use this description as the mindset in our business.
The ATM machines have the power to flow cash in our pocket.
ATM can provide income to business minded people
Every fee that a person has been charge for using the ATM will be $2.50.
If you have single ATM equipment and we have estimated 100 people using the machine for a day, we have the income of $250 and multiply for a month, you will earn $7,500.
Isn’t it awesome?
Now I know you want to have this awesome money machine so.
Imagine how many people in the world have ATM Cards
*How many withdraws from their ATM card into a machine?
*How many people fall in line in a certain machine every minute and every hour?
*How many withdraws using the same bank and the other bank?
*Where the surcharge fee goes?
LET’S HAVE THE CASH FLOWING!!!
There are three options for having it.
* First, ATM can be leased particularly to the bank where you have decided to deposit the payroll for the employees.
Leasing numbers of ATM equipment varies on your qualification. Check the policy of the bank.
Think of the revenue percentage that you could earn for leasing.
If you prefer ATM Machine Leasing, an ATM lease is a great option since your lease payment is fixed, it is usually tax deductible and can recouped each month based on your commission from operating the ATM.
*Second, it can be bought for its full price not just one but any number of the machine you would like to have.
It is a good thing that you owned the ATM equipment.
Due to the ramp of business it assures the Return of Investment (ROI) between 3 to 18 months depending on the location of your machine.
*Third, you can borrow to your preferred bank but certainly the revenue comes back to the bank itself.
Here are the five easy steps through which you can lease an ATM machine.
Understand What You Want
Different ATM Machines and ATM Businesses have different requirements. It is important that you understand them before leasing an ATM machines.
For instance, you should know which bank or financial institution you would like to be a franchise of.
Similarly, you must also understand the other costs you will have to incur for installation and maintenance of the machine.
Now, generally, when you lease a machine, these costs are taken care of by the provider’s company.
Meanwhile, you should also consider the kind of machine and model you would want.
Choose a Company
While leasing a machine, the first thing you need to do is choose a company.
You should ideally select a company by researching online, knowing which providers offer what kind of products, how their services differ and what all will you receive in your lease package.
Choose monthly payments or lump sum payments depending on your requirements.
It is important you know about any hidden costs that you may have to incur while ATM leasing.
You should certainly discuss the issue with potential providers, because generally a company may scam you by offering a lease at throwaway prices and then adding hidden charges, which go beyond the regular leasing charges for an ATM machine.
Similarly, you should also know that the upfront costs are lower and there are no long term commitment issues involved with leasing the product.
Different types of ATM have different types of benefits.
You might want to study the reports and understand the positives and negatives of different machines before signing up for a lease.
You might want to discuss it with a professional from the leasing company to make an informed decision.
Sign the Lease
When everything is set up and you have chosen the company, go ahead and sign the lease. Now, you are ready to start your own ATM Business.
CHOOSE THE RIGHT PLACE!!!
Site evaluation is very important if you want this awesome money machine to flow cash into your pocket .
These are some tips that will help you select the right location for your money machine.
SECURITY: It very necessary to check the security of the site that you will be choosing for the location of your money machine. Remember it is money. Money inside the equipment.
MARKET: Locate the equipment where it can serve more people. More service means more revenue.
CASH ON BANK: Consider the amount of your money that could suffice the needs of your people. It your machine is offline, it will make you suffer. No cash flowing means no profit. Make sure that it would be accessible for you and your bank to easily put money onto your machine to provide full time service to people.