Building an ATM Empire

July 24, 2023
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utomated teller machines… ATMs.

Seem an unlikely place to build a business?

Well Mitchell Sorkin, who bought his first 3 ATMs in 2021, has 140 machines in his business today and is approaching high 7 figures in revenues (with great margins).

And 3 years from now?

Mitchell sees getting to $5m EBITDA, and maybe even 10.

That would be a remarkable business, especially in an industry that many of you probably see as declining.

It is declining, which means it's overlooked.

But declining more slowly than you think, which means it's opportunity.

You're going to learn all about the ATM business in this interview; Mitchell and I go pretty deep.

Here he is, Mitchell "The ATM Guy" Sorkin.

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Building an ATM Empire

Mitchell Sorkin started by buying 3 ATMs in 2021. Today he has over 140 machines and is targeting $5m EBITDA in 3 years.

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Key Takeaways

Introduction

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A

utomated teller machines… ATMs.

Seem an unlikely place to build a business?

Well Mitchell Sorkin, who bought his first 3 ATMs in 2021, has 140 machines in his business today and is approaching high 7 figures in revenues (with great margins).

And 3 years from now?

Mitchell sees getting to $5m EBITDA, and maybe even 10.

That would be a remarkable business, especially in an industry that many of you probably see as declining.

It is declining, which means it's overlooked.

But declining more slowly than you think, which means it's opportunity.

You're going to learn all about the ATM business in this interview; Mitchell and I go pretty deep.

Here he is, Mitchell "The ATM Guy" Sorkin.

About

Mitchell Sorkin

Mitchell Sorkin

Show Notes

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:

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Episode Transcript

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