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What's an ATM machine in a mostly cashless society?
It's funny you say that, I just saw a post on the subject a couple months back. I'll see if I can dredge it up. I'd think a high traffic area like Houston could be lucrative, but it all comes down to the details. How much would you need to invest? Would there be other investors? What % fee does the ATM charge?
I did an online course on it, all in an ATM will go for 2-3k, and the fees are circa 3-4% depending on the merchant and traffic. I'd done the market study when I lived in Michigan and was not financially ready to embark. Now I am, moved to H-town, but I wanna get someone who's had war wounds. Lmk if you find that post
Considered vending machines, but not ATMs. With so many places using cards, I’d make sure it was an area where getting cash out made sense and not just necessarily one with foot traffic.
While we are in a mostly cashless society in the USofA there are businesses that only accept cash - maybe offer them an ATM if they don't have one? Beauty Salons also need them for tips - there must be other businesses that need easy access to cash for their customers.
ATMs for Restaurants - Goldstar ATM https://share.google/SGY1XVHoAJpbkYqln
The Future Of ATMs In The Hospitality Industry - Banktech https://share.google/Y8pcGaPLGCjReRNnJ