jkhogan21 Posted August 13, 2016 Share Posted August 13, 2016 Anybody ever hear of them, think they are out of ny. They want 105k for 20 machines guarantees 1125 a week after expenses if one or more machines don't do certain amount of transaction they move machines till they get you the transaction. Trying to get feedback. Thank you Link to comment Share on other sites More sharing options...
RobertInPhilly Posted August 14, 2016 Share Posted August 14, 2016 You realize that breaks down to a avg of $5,250 per ATM and location. Your essentially paying a $3000 locator fee per location. I sell brand new ATMs for $2200 total. Assuming your paying the locations $.50(I know could be more or less but .50 is a safe #) $2.00 surcharge - .50 commission leaves you with 1.50 and no IC. To make $1125, based on the $1.50) a week each ATM has to avg 38 transaction a week or 153 per month. That's a fairly decent location. But to think someone will come into your area and find you 25+(since at least 5 but probably 10+ would have to be moved to maintain the avg # required) in a short time is a very scary proposition since all of the good spots are already taken. Is this the company your referring to? http://www.allstaratm.com/products.php PM me if you have further questions. Link to comment Share on other sites More sharing options...
jkhogan21 Posted August 14, 2016 Author Share Posted August 14, 2016 yes that is the company i was talking about. i guess you are correct, that is expensive. i guess the only good thing about it it he will move the machines till you get the transaction. thanks for the info. just trying to get into the vending/atm business just don't want to get scammed. seems like there is a lot of scammers out there. should i just buy my own machines and have a locator find me the locations seems like that will be a cheaper route. if you think that is the way to go, do you no any good locator guys out there. thanks again rob. Link to comment Share on other sites More sharing options...
Poplady1 Posted August 14, 2016 Share Posted August 14, 2016 I think he will move the machines, once. Double check the "until you reach suggested minimum" Link to comment Share on other sites More sharing options...
RobertInPhilly Posted August 20, 2016 Share Posted August 20, 2016 Any update? Link to comment Share on other sites More sharing options...
vendtex Posted August 20, 2016 Share Posted August 20, 2016 You realize that breaks down to a avg of $5,250 per ATM and location. Your essentially paying a $3000 locator fee per location. I sell brand new ATMs for $2200 total. Assuming your paying the locations $.50(I know could be more or less but .50 is a safe #) $2.00 surcharge - .50 commission leaves you with 1.50 and no IC. To make $1125, based on the $1.50) a week each ATM has to avg 38 transaction a week or 153 per month. That's a fairly decent location. But to think someone will come into your area and find you 25+(since at least 5 but probably 10+ would have to be moved to maintain the avg # required) in a short time is a very scary proposition since all of the good spots are already taken. Is this the company your referring to? http://www.allstaratm.com/products.php PM me if you have further questions. Do you assist with locating them or just sell them? If so what areas of the country? Thanks Link to comment Share on other sites More sharing options...
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