What is an ATM Route?

Automated Teller Machines (ATMs) allow users to withdraw and deposit money by using their debit bank cards.  ATMs are typically located in high traffic and consumer friendly areas all over the world.  While many ATMs are bank owned, there are millions of “off premises” ATMs that are privately owned and generate income for their owner operator.  An ATM Route can generate millions of dollars in revenue per year through the withdraw fees associated with the machine.  For example, the average ATM fee is typically between $1.50 and $2.50.  One ATM, with 10 transactions per day, will generate approximately $600 in revenue per month.

How to run an ATM Route

The most important components of an ATM Route are the machines themselves and the locations of them.  High traffic areas that require cash purchases are great for an ATM Route owner.  Such areas might include amusement parks, sport venues, malls, etc.  ATMs are also very successful in locations such as convenience stores/gas stations because they can save the ATM user a trip to their bank.

ATM Route owners need to service their machines on a regular basis.  The service schedule would depend on how frequently each ATM is used and the amount of money being withdrawn.  The owner of the route is responsible for keeping the machines stocked with cash and in good working order.  There are a number of ATM monitoring software options which allow owners to access detailed information on all of their ATMs remotely and instantly.

Owners tend to have extremely flexible schedules.  Route service can be completed any time that access to the ATMs is available.  The owner has the ability to buy, move, or sell any of their ATMs.  This allows them to have a direct impact on their income.  The emergence of cryptocurrency (e.g. bitcoin) ATMs is another promising development for ATM Route owners.

Feel free to browse our route listings or contact us if you have any further questions.  Thanks!

What is a Chip Route?

An independent sales business that distributes a variety of potato, tortilla, cracker or pretzel products is often referred to as a “Chip Route”.  Typically owned and operated by one individual, a chip route often presents great job and income opportunities.  The owner obtains the snack products from the company’s warehouse and then sells it to the accounts within their sales territory.  The owner of the route is paid commission for their sales efforts.  This commission can vary depending on location and company but typically falls within the 16-22% range.  The owner of the route can increase their income by growing sales in their current accounts or by adding new accounts.  The route itself is also an asset since it is a consistent income producing business.  Chip routes can be purchased or sold at the discretion of the route owner.

Companies that sell independent Chip Routes include:

• Snyder’s-Lance
• Mission Foods
• Wise Snacks
• Pepperidge Farm
• Regional snack companies

Owners have a flexible schedule although there may be some early or weekend hours required.  Most routes require a box truck but not much else in terms of upfront expenses.  Route owners are usually responsible for their vehicle’s gas and other expenses.  These items can be deducted as business expenses in terms of tax purposes.

Feel free to browse our route listings or contact us if you have any further questions.  Thanks!