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Business for Sale Summary

ATM Sales and Service Company for Sale - 37322

Business Type: banking, lending, and finance,home-based business,misc. service/non-classifiable,other business services,check cashing
ATM Sales and Service Company for Sale
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Financial Information (non-confidential)

General Information
Asking Price $499,500 Down Payment $499,500
Gross Revenues $187,250 Lease Remaining Register Free to View
Owner’s Cash Flow $176,660 Number of FT Employees Register Free to View

Financing

$499,500 Down and

Business Description

ATM Sales and Service. This 15-year-old ATM service provider is located in Richmond County, New York whose income is derived from three components: ATM transaction processing, the sales or rental of wireless devices and the cash loading (vaulting) of Company- or merchant-owned ATM machines. Each component may be purchased separately. ATM Transaction Processing: The Seller is authorized to process ATM transactions under contract with a national V/MC/AMEX processing company. He processes more than 1 million transactions annually for more than 200 ATMS. The Company also sells new and refurbished ATMs, display devices, and ATM maintenance services. Wireless devices: Each ATM requires a connection to the ATM network. This company sells or rents a wireless device to make that connection and receives a fee for each customer connection to the ATM network. The Seller also provides cash vaulting services for locations in Queens, Richmond, Brooklyn and Manhattan(1) Counties and services several locations in New Jersey with independent contractors. For more information, contact Gerald Nimberg, Senior Business Broker, Vested Business Brokers at 646-269-4616.

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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.