Startup cost: $3k - $10k
ATM Machine: The cost of a used ATM machine can start around $2,000, while a new one can cost up to $5,000.
Cash to Stock the ATM: You need to have cash to fill the ATM, typically starting at $1,000 to $3,000 depending on the location and expected usage.
Location Agreement: Some locations may require a fee or revenue share agreement, which can vary widely.
Installation and Setup: This can include delivery, installation, and initial setup fees, ranging from $200 to $500.
Networking and Connectivity: Monthly fees for internet or phone line connections can be around $20 to $50.
Maintenance and Repairs: Budget for occasional maintenance or repairs, which can be $100 to $300 annually.
Insurance: Optional but recommended, costing around $200 to $500 annually.
Licensing and Permits: Depending on local regulations, this can be a one-time fee of $50 to $200.
These costs can vary based on location, the specific ATM model, and the agreements made with property owners.
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