Episode Details
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Building an ATM Empire
Published 3 years, 2 months ago
Description
Mitchell Sorkin started by buying 3 ATMs in 2021. Today he has over 140 machines and is targeting $5m EBITDA in 3 years.
Topics in Mitchell’s interview:
- The difference between arbitrage and building a business
- Mitchell's journey to acquiring 140 ATM machines
- How to evaluate an ATM route
- Revenue and margins in the ATM business
- Challenges with SBA financing
- His most controversial Twitter thread
- Future plans to raise a fund
- 3 ways to profit in the ATM business
- Dealing with theft
- How people underestimate ATMs
References and how to contact Mitchell:
- Stack Influence
- ATM Brokerage
- Mitchell’s Twitter thread about the Korean seller
- info@sorkinatm.com
- Marshall & Sterling
Get a complementary pre-acquisition HR & PEO review for your target business:
- Contact mark@aspenhr.com or visit Aspen HR
Get complimentary due diligence on your acquisition's insurance & benefits program:
Connect with Acquiring Minds:
- See past + future interviews on the YouTube channel
- Connect with host Will Smith on LinkedIn
- Follow Will on Twitter