Mitchell Sorkin started by buying 3 ATMs in 2021. Today he has over 140 machines and is targeting $5m EBITDA in 3 years. Topics in Mitchell’s interview:
The difference between arbitrage and building a business
Mitchell's journey to acquiring 140 ATM machines
How to evaluate an ATM route
Revenue and margins in the ATM business
Challenges with SBA financing
His most controversial Twitter thread
Future plans to raise a fund
3 ways to profit in the ATM business
Dealing with theft
How people underestimate ATMs
References and how to contact Mitchell:
Stack Influence
ATM Brokerage
Mitchell’s Twitter thread about the Korean seller
info@sorkinatm.com
Marshall & Sterling
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