Advanced ATM Systems LLC | Application Preview
-
General Information
Business Registration Number: 43-1888195
Location: Hazelwood, MO, United States
Length of Operation: 20
Number of Employees:
Annual Gross Income:
Annual Gross Expense:
Open to Loans: NO
-
Funding Usage
20,000 to purchase 10 new ATMs which will be placed in businesses which can no longer operate their own ATM(s) due to financial restraints or personnel changes. 30,000 to be used for cash replenishment in these machines. The cash withdrawn is transferred back into my business bank account the following business day via ACH deposit.
-
Business Plan
Due to Covid 19, many small businesses, (i.e. bars, restaurants, bowling alleys, corner markets) will no longer be able to afford to operate their own ATMs. This is especially true for those that own outdated, older ATMs. Even if they have newer machines, they may not have the cash to keep the machines stocked at all times. I will provide them with a new ATM that meets all compliance standards, stock the cash, provide all maintenance at no cost, and split the 3.00 withdrawal fee with them. I have been in business since May 2000 and have an excellent track record with the 275 locations that I provide processing and support to. I have previous experience in the cash replenishment segment of the business and hope to fill a need that will emerge for small businesses with cash flow challenges.
-
Self Identified Competition
Nationwide Processing- 1500 locations in the St. Louis region, including many small chains. Action ATM-1000 locations in the St. Louis region, primarily in lower income areas. Kahuna ATM-1200 locations in St. Louis region, primarily corporate chains like Caseys, Mobil On The Run, ect. The main difference is my single point of contact appeal. Although I work through the same network providers as my competitors do (Cardtronics and Columbus Data), I provide hands on support for all my customers. They can reach me directly on my cell phone (even on weekends and evening hours) for technical support, changes to their account, customer disputes, and site visit requests. I normally respond (in person) within 24 hours if the ATM is down and carry most replacement parts. They do not have to deal with automated attendant mazes, lengthy hold times, and inexperienced support. Plus they don't have to worry about the qualifications or background of unfamiliar technicians who are sent to repair their ATM.
-
Contact Applicant
Subscribe to our Administrator Dashboard to gain full access to this application. Learn More
