Business Overview

This portfolio consists of a Managed Bitcoin Route, 137 machines completely managed by the processor with Average Net Profit of approximately $129,000/mo in 2021. Key Changes / Upside:
– In August 2021 the owner relocated 20 locations that were not performing well. These new locations will perform much better.
– June 2021 ordered 11 additional machines with locations to be installed (new total of 148). Machines to be installed by the end of September with new client locations continuing to come up in 2021.

100% contract coverage. This is an ideal larger Bitcoin ATM portfolio with very strong numbers and a great regional presence in 10 states in the Southeastern US. There are strong contracts, a great processor/operator partner (50% split of income), strong margins and very little asked of the owner!

Financial

  • Asking Price: $6,300,000
  • Cash Flow: $1,548,000
  • Gross Revenue: N/A
  • EBITDA: N/A
  • FF&E: $1,110,000
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2017

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:1
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

N/A

Is Support & Training Included:

As Needed

Purpose For Selling:

Personal

Pros and Cons:

Established, contracted locations with history of performance.

Opportunities and Growth:

Unlimited potential with operating partner and expanding industry.

Additional Info

The company was started in 2017, making the business 5 years old.

Why is the Current Owner Selling The Business?

There are all sorts of reasons people decide to sell businesses. However, the true reason and the one they tell you might be 2 totally different things. As an example, they might state "I have way too many various obligations" or "I am retiring". For many sellers, these factors stand. But, for some, these might simply be reasons to try to conceal the reality of altering demographics, increased competition, current decrease in earnings, or a range of other reasons. This is why it is extremely essential that you not depend entirely on a seller's word, however instead, utilize the seller's answer combined with your overall due diligence. This will repaint a much more realistic image of the business's present circumstance.

Existing Debts and Future Obligations

If the current company is in debt, which lots of companies are, then you will need to consider this when valuating/preparing your offer. Lots of operating businesses borrow money with the purpose of covering items such as inventory, payroll, accounts payable, etc. Bear in mind that sometimes this can indicate that profit margins are too tight. Numerous companies come under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may also be future commitments to take into consideration. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with vendors that should be satisfied or may lead to charges if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do companies in the location attract brand-new consumers? Many times, companies have repeat customers, which create the core of their everyday profits. Certain aspects such as brand-new competition growing up around the location, roadway construction, as well as employee turnover can influence repeat customers and also adversely influence future incomes. One important thing to take into consideration is the area of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the main road? Clearly, the more individuals that see the business often, the higher the chance to construct a returning client base. A final idea is the general area demographics. Is the business situated in a densely populated city, or is it located on the edge of town? Just how might the local mean household earnings influence future income prospects?