Description

Ontario, Canada.
ATM business for sale $799,000 (CAD$)! Current owner benefit is $302,000 (CAD$) per year. This portfolio operates 220 ATM machines in the Ontario Province in Canada with a 4-6 hour radius with the centre being North Bay, Ontario, Canada. See below for a street level Google map view of all of the locations. Of the 220 machines, 20 are owned and operated by the seller and 200 locations are merchant or investor owned. The cash vaulting is completely handled by a 3rd party for all locations. All EMV upgrades are in place and operational as EMV is now the standard in Canada and all equipment is upgraded and in excellent working condition. All the locations are under contract and have been installed for many years with the seller having been in the business for 20+ years. The machines included are all Hyosung models, with 3 different models, making a very consistent equipment list to service and maintain.

This is a unique opportunity for US based deployers to enter a new market with a well-established 20+ year track record portfolio. This portfolio is an ideal business for an individual investor with strong cash flow, updated equipment and all locations under contract. The portfolio could be run as an owner operator or 1 employee/technician on staff. No additional vault cash/capital is required to run this portfolio, which makes this an appealing business. Adding one employee or technician on the route and a new owner could optimize and run for passive income. There are flexible hours for the business and remote access and reports on each ATM machine make this ATM business very easy to monitor and run from anywhere in the world!

Asking Price- $799,000 (CAD$)
Owner Benefit- $239,000 per year (CAD$)
Additional rotating vault cash required to load machines weekly- No additional vault cash is required as all locations are loaded by 3rd party
Number of Machines-220 total; 20 terminals owned by seller & 200 processing only
Contracts- Yes, all locations under contract
Hours Required Weekly- 15+
Location Types- Convenience store, Hotel, Bar, Restaurant, malls
EMV Upgrade- complete EMV upgrade
Call or email for details

Posted Apr 25, 2016

Did you know that social networking is a great way to buy a business? Sign up now and we'll show you how.

By clicking "Sign Up" you confirm that you accept the Terms of Use and Privacy Policy, including cookie use.

Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness.