ATM

Choosing an ATM Location: 9 Best Locations for ATM Machines

Why Location is Vital when Establishing an ATM Business?

The source of ATM business major and still factor is the choice of location. The right location guarantees the constant flow of the transactions as well as the high speed of the subsequent ROI and, therefore, the opportunities for long-term work profitability. A crucial part of maintaining this is reliable ATM Service, which ensures the machine operates smoothly and consistently in high-traffic areas.

• ATMs are only a source of income when in use so Select premises with high traffic and named business

• A wrong location can take time to generate the desired rate of return and hence impact the revenues significantly.

Locational Characteristics of the Best Performing ATMs

1. Cash-Only Businesses

• Businesses that primarily operate in cash encourage ATM usage. Some examples are the small shop owners, convenience stores and restaurants, and owners of snack bars. Those ATMs that

Are easily visible, and accessible and are placed in secure areas to record more transactions.

2. High Traffic

• ATMs placed in visible, easily accessible, and safe areas see more transactions. Crowded places contribute to security for customers and hence play a role in usability.• A cash point located in a business premises that has many positive ratings will be frequented by people.

3.  An ATM in a popular and well-reviewed business attracts more users.

Never opt for a bad part or any spot with no customers or many empty tables.

Convenience stores are good places due to their higher cash sales and liquor stores/ bars are ideal places because of regular dealings with cash

4. Liquor-Related Businesses

• Liquor stores and bars are excellent locations due to frequent cash transactions. These venues also have higher surcharges that boost the revenues of the organization.• There are adequate customers to accommodate more than

One ATM in the area.• Competitor machines are termed either outdated or unreliable.

ATM

5. Close to Home or Work:

  • The probability of locating an ATM near your normal routes also ensures that maintenance costs and time are reduced. This convenience can help you to make the most of your money.

9 great places to place an ATM

  1. Casinos:
  • Transactions: 1,500-3,000 monthly.
  • Profitability: Casinos are the most profitable ad unit but have high traffic and surcharges so they are difficult to obtain.
  1. Gentlemen’s Clubs:
  • Transactions: 300-800 monthly.
  • Profitability: Much client attention, but the competition for such a place is great.
  1. Hotels:
  • Transactions: 100-200 (this depends on the size of the hotel and the occupancy level).
  • Factors: Recommendable hotels should have high occupancy as well as good customer reviews.
  1. Nightclubs and Bars:
  • Transactions: 250-500 monthly.
  • Profitability: Luxury entertaining which implies high cash use, especially, for cover charges and other tips.
  1. Convenience Stores and Gas Stations:
  • Transactions: 200-400 monthly.
  • Profitability: Reliable because of high pedestrian traffic and the perception of protection from vandals and thieves.
  1. Restaurants:
  • Transactions: Roughly, 75-200 monthly depending on the type of restaurant chain.
  • Profitability: Tips paying and no-salary policies propensity raises ATM usage.
  1. Barbershops and Salons:
  • Transactions: 250-300 monthly.
  • Profitability: Due to the acceptance of cash tips and customers’ preference for cash, these make them enviable positions.
  1. Microbreweries:
  • Transactions: High, this is because; new venues are still popular and largely unknown to the consumers.
  • Profitability: Chasing ‘the masses’ and social shopping enthusiasts.
  1. Parking Lots and Garages:
  • Transactions: That is, rely on the number of residents in the area and the availability of tourist destinations.
  • Profitability: Recommended best for downtown or tourist area use.