ACFN Franchise Ownership and Details
ACFN, known as the ATM Franchise Network, specializes in deploying and managing automated teller machines (ATMs) across various locations. The franchise model allows individuals to own and operate a network of ATMs, generating revenue from transaction fees.
Franchise Ownership:
- Franchise Fee: The initial franchise fee is $25,000.
- Total Investment: The overall investment ranges from $39,234 to $63,817, which includes the franchise fee and other startup costs.
- Liquid Capital Requirement: Franchisees are required to have at least $50,000 in liquid capital to cover operational expenses.
Ongoing Fees:
- Royalty Fees: ACFN does not charge ongoing royalty fees.
- Advertising Fees: An advertising royalty fee of 1% of gross revenue is applicable.
Training and Support:
- Training Program: Franchisees receive a 24-hour initial training program, which includes classroom instruction.
- Ongoing Support: ACFN provides ongoing support to franchisees, including assistance with site selection, ATM installation, and maintenance.
Profitability:
- Revenue Generation: Franchisees earn income from transaction fees collected at each ATM location. The profitability depends on factors such as the number of ATMs operated, transaction volume, and location selection.
Disclaimer: This information is provided for general informational purposes only and may not be accurate or up-to-date. Prospective franchisees should conduct thorough research and consult with financial advisors before making any investment decisions.