How To Buy ATM Machines and Build a $10M EBITDA Business | Mitchell Sorkin Interview
Podcast: Buyers and BuildersPublished On: Fri Aug 18 2023
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 2040Follow PrivatEquityGuy on Twitter: www.Twitter.com/PrivatEquityGuyJoin HoldCo Builders weekly newsletter on finding deals, raising capital, and growing small niche manufacturing businesses: https://privatequityguy.beehiiv.com/subscribeMitchell on Twitter: https://twitter.com/mitchell_sorkin
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