Impressive Portland, OR Route - 346 ATMs - $3,250,000
Asking Price: | $3,250,000 |
Cash Flow: | $1,353,000 |
Overview
Based in Portland, Oregon since 2004 the seller’s are regional leaders in the ATM industry with over 20 years of combined experience in the ATM industry. Sales and service offices in Portland, Salem, Albany, Tacoma, Seattle support the business. They have managed ATMs at many Fairs, Expos and Event Centers for up to 18 years.
95% of the ATM’s are owned that they have deployed and they provide vault cash and all aspects of ATM servicing to these ATMs. This allows for a close working relationship with their clients.
Monthly Gross Profit
Owned & Vaulted by Owner - $109,718/mo Average Gross Profit
326 ATMs that are owned and cash vaulted by the Seller.
Merchant Owned & Merchant Vaulted - $1445/mo Average Net Income
16 ATMs are owned and cash vaulted by the Merchant.
Merchant Owned & Vaulted by Seller - $1617/mo Average Gross Profit
4 ATMs are owned by the Merchant and cash vaulted by the Seller.
Cash Used
Total Vault Cash needed per 7 day cycle or per month is roughly $1,500,000 if you vault all 326 ATMs yourself.
Contracts
The seller has had these clients for many years and over 85% of locations have recurring contracts in place.
Equipment
There are 326 owned and vaulted ATMs that are newer and in very good condition. 16 ATMs are owned and vaulted by merchants so the equipment is the merchant's responsibility. All ATMs are EMV compliant and mostly upgraded for PCI. They operate wireless modems in most locations.