PROFITABLE ATM BUSINESS WITH 50 LOCATIONS IN NEW YORK METRO AREA FOR SALE
(Financial Related, Banks-Commercial; Financial Related, Check Cashing Services; Routes, Vending/Rout)
Queens, New York
Listed Price: $ 649,000
Listing ID: XC111-1205
Listing DetailsGross Revenue: $ 566,000
Cash Flow: $ 312,000
FFE: $ 100,000 (Included in Price)
Form of Ownership: S Corp
Reason for Sale:
RETIREMENT- OWNER HAS JUST BECOME A MAJOR AIRLINE PILOT AND CANNOT RUN THE BUSINESS ANYMORE.
Training & Support:
SELLER WILL COMPLETELY TRAIN
Listing SummaryBusiness Description:
This easily run business has in place 50 ATM Machines located in retail locations throughout the New York Metro Area. The business comes with an additional 12 ATM in the warehouse which are used as duplicates and can also be placed in additional locations. Capital One provides the necessary phone lines and does the processing for these machines.
Historical Summary:
In business since 1998
Owner Qualifications:
Business experience. Mechanical ability helpful but not necessary
Competition:
These machines are placed with 5 year contracts.
Potential Growth:
Add more locations.
Financing/Terms:
FINANCING AVAILABLE
LocationLease Expire: 2015-12-31
Option: NEW LEASE AVAILABLE OR MOVE TO YOUR LOCATION
Lease Security: 2000
Monthly Rent: $ 1,500
Square Footage: 800
Type of Location: Strip Mall
Facilities:
A LEASED SPACE OF 800 SQUARE FEET. THIS INCLUDES OFFICE AND WAREHOUSE
OperationYear Established: 1998
Days & Hours of Operation: 8-2 M-F
Owner Hours: 30
Managers: 1
Absentee Owner: No