Bill D’Alessandro (@BillDA) and Mills Snell (@thegeneralmills) are joined by an anonymous ATM Operator, we talk about a deal on new ATM routes for sale, his business, and the economics of ATM routes business.We go deep diving into the risks, whether or not there’s a need for armor while driving around carrying a large sum of cash, and more on how ATM operators go about their business.----- Thanks to our sponsor! MoreNow.co: We help owners build a high functioning, experienced team by leveraging the top manager/director talent in the Phillippines. Go to morenow.co and fill out the form. Or email hire@morenow.co. Mention this pod for 15% of your first hire. ----- Do you love Acquanon and want to see our smiling faces? Subscribe to our Youtube channel.Do you enjoy our content? Rate our show!Follow us on Twitter @acquanon Learnings about small business acquisitions and operations. -----Show Notes:(00:00) - Introduction(01:16) - Our Sponsor is MoreNow(02:22) - Deal & financials: A new ATM Route for sale(04:55) - How much is the annual income produced by more than 20 machines? Can you tell us the breakdown?(05:56) - How much do you need to invest in 1 machine?(08:10) - How is this like merchant processing? Is it really a volume game?(11:14) - What are the best locations to have an ATM?(12:22) - What is the logistical jigsaw puzzle to figure out?(13:43) - Who are the “backpack boys” or “rabbits” in the industry and what do they do? (14:40) - How much is the turnover regardless of being a backpack boy or armored services?(19:01) - How much do ATM businesses make per location?(22:41) - What's the cost difference on armored services in the City suburbs vs rural areas?(24:14) - Do you get held at gunpoint at times? What are the key risks of this industry? (27:35) - How do ATM machines work? What should you understand about these? (30:16) - Why is syndication a nightmare?(34:15) - Let’s talk about operations margins and costs!(40:08) - What should you ask the deal owner around operations? ----- Additional episodes you might enjoy:#108 A fireworks store and a ski rental business for sale#106 A Pet Product and Saas business for sale - Which one do we like?#105 How to Make Money in the E-Commerce Game - Bill D’Alessandro gives an e-Commerce masterclass - Part 1#79 What do Investors want? - Dig into an investor’s mind with Bradford Hardin#75 SBA Loan Secrets with Heather Endresen, expertise from a Billion-Dollar Loaner