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How To Buy ATM Machines and Build a $10M EBITDA Business | Mitchell Sorkin Interview
Description
Mitchell Sorkin is the co-founder of ATM holdco.
Short two years ago he left a VC backed "sexy startup" to build a basic, boring business.
In year 1 they went from 3 ATMs to 100+, and did over $200k in revenue.
In 2023 they will grow 3x and do north of $700k, 100s of thousands of transactions, millions in 20s dispensed.
On this episode, PrivatEquityGuy & Mitchell discuss:
- how to achieve 30-50% cash on cash returns with ATM business
- ATM business opportunity compared to real estate
- Where to find the best ATM deals?
- how investors have been overexposed to tech and are now interested in ATMs
- why would he raise $50 million in debt today
- why banks do not want to do business with ATM operators
- the ATM industry in 2040
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Mitchell on Twitter: https://twitter.com/mitchell_sorkin