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Business for Sale Summary

ATM Route - 109 Locations - 35240

Business Type: misc. service/non-classifiable,non-classifiable establishments,other business services,other personal services,seller financing available,banking, lending, and finance
ATM Route - 109 Locations
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This business has received 108 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $756,000 Down Payment $570,000
Gross Revenues $0 Lease Remaining Register Free to View
Owner’s Cash Flow $245,869 Number of FT Employees Register Free to View

Financing

$570,000 Down and $186K over 3yrs. @ 7%.

Business Description

ATM Route - 109 Locations and growing. Cash cow! All 109 of these machines are owned by the company and included in the sale. 103 locations are in NJ are loaded by the owner. The others are loaded with vaulters. Most machines are located in retail spaces with 5 year renewable contracts through the individual business owners on a fee split per transaction. In the past 12 months these machines dispensed approx. $11,321,680.00. The seller’s side of the transaction fees were $350,495.00 with an owner’s cash flow of approx. $245,869.00. All figures are documented. The current owner spends only 3-4 days per week loading machines. If you continue to operate as he does you would need approx. $250K in liquid funds to load all machines. Alternatively, a passive investor can keep the current owner and additional vaulters on board for a fee. The owner is willing to stay on for at least 6 months of training and transition, if needed. The seller may consider seller financing for a well-qualified buyer with good credit, a personal guarantee and collateral. We are seeking a serious and financially qualified buyer with at least $820K in liquid funds. $570K for the down payment and an additional $250K in liquid funds to load machines. Proof of funds will be requested before any buyer seller calls or meetings. All meetings must be made by appointment only! To learn more, please call, text or email Mel Vaz today at 631-767-0157 or melvaz@vestedbb.com

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers..

Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.