News, stories and events about currency from around the world.
Despite growth in online shopping and cashless technologies, consumers continue to love cash. According to the 2018 Diary of Payment Choice by the Federal Reserve Bank of San Francisco, cash accounts for approximately 34 percent of all payments across age groups, cementing ATMs as a vital touch point between financial institutions and their account holders – especially for younger consumers.
As with any business, ATM owners and operators (IADs) get started with one purpose in mind: to make money. They might purchase a few machines, find suitable locations and eventually grow their efforts into a full-time money-making operation. Yet despite the business acumen and go-getter attitude needed to get started, many business owners fail to consider is an exit strategy. In fact, one of the most asked questions from ATM operators is: what is my business worth? Valuation, sale and and how to profitably exit are often a mystery. Triton sat down with Jeff Sosville of ATM Brokerage to pick his brain about portfolio valuation, the state of the market and the variables involved when purchasing or selling an ATM business.