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Updated RecentlyACFN- The ATM Franchise vs Commercial Union Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of ACFN- The ATM Franchise vs Commercial Union including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $39,134 - $64,017 | $30,000 |
| Franchise Fee | $25,000 | $30,000 |
| Royalty Fee | 0 | 0 |
| Advertising Fee | 1% | - |
| Year Founded | 1996 | 2000 |
| Year Franchised | 2003 | 2002 |
| Term Of Agreement | - | 10 years |
| Term Of Agreement | - | 10 years |
| Renewal Fee | - | - |
Business Experience Requirements |
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| Experience | No prior experience required. | - |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | Yes/No | Yes/No |
| Start-up Costs | No/No | No/No |
| Equipment | No/No | No/No |
| Inventory | No/No | No/No |
| Receivables | No/No | No/No |
| Payroll | No/No | No/No |
Training & Support |
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| Training | ACFN knows what it takes to succeed in developing and operating your own ATM franchise business. All new franchisees attend an extensive, three-day training session in our offices in San Jose, CA. We cover a wide-range of topics during this class to provide franchisees with the knowledge and expertise needed to start an ATM business, including: * Overview of the ATM industry * The ACFN Franchise business model * ACFN's competitive advantages * Our target audience and effective marketing strategy * Meet our team - presentations from all departments Franchisees benefit from a strong network of central office operational and marketing support. ACFN's marketing strategies and services provide the competitive edge that every business should have in their toolboxes. | - |
| Support | As an ACFN franchisee, you'll have access to: 1. National databases of business to conduct market research and identify businesses that meet the initial ATM placement criteria. We help develop and provide franchisees with a segmented list of these businesses in the agreed upon radius of operation. 2. Marketing materials to help interest prospective businesses in our ATM Program and to maximize the chances of securing a contract for ATM placement. Our team works to contact and contract locations for the placement of your ATMs. 3. Lead tracking software, which enables you to view the activity of your leads. 4. Support for scheduling and completing ATM installations once an agreement is signed with additional support during installation to ensure correct programming. 5. Complete monitoring and service support after installation in addition to on-going performance monitoring of processing and accounting functions. | Meetings, Toll-free phone line, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Marketing | National Media Regional Advertising Website development | - |
| Operations |
Franchise can be run from home.
Number of employees needed to run franchised unit: 1 Absentee ownership of franchise is allowed. |
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 | Yes | - |
| Canada Expansion | Yes | No |
| International Expansion | No | Yes |
Company Overviews
About ACFN- The ATM Franchise
If you are looking for a part time franchise that can lead to financial independence
with a strong long term residual income without the complexity of employees
or the demanding schedule of a retail operation, ACFN is the franchise for you. ACFN is a premier deployer of ATMs in hotels and other travel and entertainment
based businesses since 1996. We franchised in 2003 and have since been recognized
as one of the top franchise companies by many publications including the
prestigious Entrepreneur Franchise 500, Inc. Magazine, Franchise Times, Military
Times Best Franchises for Vets and AllBusiness.com
Our 180+ franchise owners (25 Veterans) currently provide ATM services across
the USA and Canada.
Some of the benefits of the ACFN Franchise include:
* Marketing - We find qualified locations in your area, negotiate and obtain the contract
for placement of your ATMs.
* ACFN targets High-End, Quality and Profitable locations
* Proven business model and track record
* Flexibility and simplicity - create your own schedule
* Independent long term residual income.
Your Part time Franchise for a full time retirement.
Veteran Incentives $1,000 off franchise fee
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About Commercial Union
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!