How to buy a Bitcoin ATM plus General Cost vs. Profit Indication.

in bitcoin •  7 years ago 

The number of Bitcoin ATMs (BTMs) is growing every day, and so are the number of people entering the industry.

Here is a general cost/profit guideline when getting started.

Break-even point:
Payback period: 11 months
Average annual financial metrics:
Transactions volume / year: $240,000.00
Revenue / year: $12,000.00
Costs / year: $6,480.00
Profits / year: $5,520.00
Average monthly financial metrics:
Transactions volume / month: $20,000.00
Revenue / month: $1,000.00
Costs / month: $540.00
Profits / month: $460.00
First three years profits (minus one-time costs)
Profits in 1st year: $520.00
Profits in 2nd year: $5,520.00
Profits in 3rd year: $5,520.00

Genisis Bitcoin is a big player in this industry and a good place to start your research. https://bitcoinatm.com/

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!