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Below is an in-depth analysis and side-by-side comparison of Commercial Union vs ATMBusiness.com including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $30,000 | $50,000 - $150,000 |
Franchise Fee | $30,000 | N/A |
Royalty Fee | 0 | - |
Advertising Fee | - | - |
Year Founded | 2000 | 1999 |
Year Franchised | 2002 | 1999 |
Term Of Agreement | 10 years | - |
Term Of Agreement | 10 years | - |
Renewal Fee | - | - |
Business Experience Requirements |
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Experience | - | - |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | Yes/No | Yes/Yes |
Start-up Costs | No/No | Yes/Yes |
Equipment | No/No | Yes/Yes |
Inventory | No/No | Yes/Yes |
Receivables | No/No | Yes/Yes |
Payroll | No/No | Yes/Yes |
Training & Support |
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Training | - | - |
Support | Meetings, Toll-free phone line, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | - |
Marketing | - | - |
Operations |
Franchise can be run from home. 0% of all franchisees own more than one unit
Absentee ownership of franchise is NOT allowed. | - |
Expansion Plans |
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US Expansion | - | - |
Canada Expansion | No | No |
International Expansion | Yes | No |
In the 30-some years since ATMs (Automated Teller Machines) were introduced, they have transformed the way most Americans deal with their money. Originally located only in or near bank buildings, ATMs can now be found in conveneince stores, shopping malls, theatres, bowling alleys and dozens of other locations�anywhere people need cash. ATMs offer people convenient access to the money in their bank account or available through their credit card 24 hours a day, 7 days a week, in exchange for a modest fee. In the past, banks owned all the ATMs, now virtually anyone can purchase and place an ATM, and profit from a portion of those fees. Anyone, that is, who can figure out the business. To be successful, the ATM owner must execute contracts and manage relationships with vendors, merchants, processors, banks and even the Federal Reserve .. deal with technical difficulties and insurance ... and provide ongoing customer service to individuals and merchants. It's a complex undertaking. That's where we come in. Through building our own successful ATM business throughout the Rocky Mountain region, Commercial Union has learned what it takes to succeed. We've distilled our success into a system that can be learned and replicated. We teach this system to our franchisees, and we back up our teaching with solid support designed to help you succeed with your own ATMs and with additional franchisees that you bring into business. For a relatively small investment of dollars and time, you can start to profit from your own ATM business. Interested? Become a Franchisee!
As an ATMBusiness.com business owner you will be joining the best team in the ATM provider industry. ATMBusiness.com will assist you with our unique marketing techniques and provide training and dedicated software to capture the ATM provider market in your area of methods. To further strengthen your ATMBusiness.com base, we will employ a variety of techniques to increase name recognition at your specific locations. We offer you a complete turnkey package including training, set-up, service and maintenance contracts and support 24/7. As an ATMBusiness.com business owner, you will be taking advantage of a licensing opportunity as opposed to a franchising opportunity. The licensing opportunity affords you many benefits over the franchising system, some of which include making your own business decisions, paying no royalties, keeping 100% of Interchange Fees, no fee processing and promoting your business as opposed to ours.