I'd like to purchase an established ATM route from an accredited investor, who unfortunately does not offer financing at this time. The route is comprised of 38 ATM machines, owned by the seller, with location contracts in place. The current revenue is a little over $8,000 per month for this route. It is local to me, so I can service and load the machines myself, which will help reduce costs and increase profit margin.
Asking price for the route is $245,000, but I'm looking for $300,000 in funding so I can load the machines with cash readily available, rather than use a vault service. Once again, looking to cut fees and increase profit. I've done the comparison and it's less costly to pay a fixed interest rate on $55,000, rather than pay the vaulting company's interest and service fees.
While this is a new venture for me, it's a well-established business model that is consistently profitable. Eventually I'd like to scale up, but I think this is a good route to start with. Thank you in advance for reading this, and I appreciate your time and consideration.
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