Get my 12 favorite biz ideas for 2024, with full launch plans included here: https://tkopod.co/youtubeD I sat down with Mitchell Sorkin, the ATM guy from Twitter. He owns 900 ATMs across Los Angeles, bringing in $864,000 a year in net profit. We talk about how he bought these locations rather than using cold calling to get them, and why this is an approachable business for anyone. The multiples are much lower than you'd think, making it a great opportunity in a well-established industry. At the end, we talk about few different business ideas beyond the ATM industry, including a unique AI business idea that you probably haven’t heard of. Timestamps below. Enjoy! --- Audio podcast on all podcast platforms: https://toolkit.tkopod.com/podcast Free weekly business ideas newsletter: https://tkopod.com Private community where we build cool businesses together: https://TKOwners.com Learn more about me: https://www.chrisjkoerner.com/ Business ideas shorts channel: ⁨@thekoernerofficeideas⁩ (https://studio.youtube.com/channel/UCzjpCGEXR7BU-_SJSl59CGQ) The Koerner Office highlights: ⁨@thekoernerofficesegments⁩ (https://studio.youtube.com/channel/UCYEzHNmI-1oIqimmOnul_fg) AI-enabled accounting software, because Quickbooks SUCKS: https://lazybooks.com/ --- 00:00 Highlights 00:14 Introduction to Business Ideas and ATMs 01:12 Meet Mitchell: The ATM Guy 01:48 Starting Small: The First ATM Deal 02:35 Scaling Up: From 3 to 900 ATMs 04:45 Challenges and Strategies in the ATM Business 06:18 The Importance of Location and Contracts 16:25 Revenue and Margins in the ATM Industry 17:44 Acquisition Strategies and Market Insights 20:12 The Best ATM Locations: A Case Study 24:09 Managing High-Volume ATMs 25:06 Cash Loading Strategies 26:40 Surprising ATM Locations 28:19 Dealing with Theft and Insurance 29:25 Challenges in the ATM Business 31:00 Advice for Aspiring ATM Owners 32:51 Future Plans and Market Insights 36:22 Exploring New Business Ideas 38:54 Diving into Comfy UI 44:14 Resources and Tools for Comfy UI 46:57 Conclusion and Contact Information --- For the algorithm: #ATMBusinessTips #PassiveIncomeIdeas #InvestmentSuccess #ATMMoneyMaking #CashFlowStrategies #EntrepreneurMindset #AlternativeIncomeStreams #InvestingInATMs #BusinessGrowthHacks #BuyingATMLocations #EntrepreneurJourney #SmartBusinessMoves #ScalingYourIncome #FinancialFreedomGoals #NicheBusinessIdeas #CreatingPassiveIncome #RealBusinessAdvice #BusinessExpansionPlans #ATMProfitsExplained #BusinessOpportunity2024 #PassiveProfitStrategies #StartupInvestment #ATMIndustryInsights #BuildingIncomeStreams #BusinessMultiples #HowToInvest #IncomeGeneratingIdeas #BusinessVentures #EntrepreneurialAdvice #FinancialPlanning #BusinessInsights2024 #ScalingYourBusiness #IncomeWithoutColdCalling #InvestmentOpportunities #ATMNetworkGrowth #ATMRevenue #EntrepreneurshipSuccess #CashBusinessIdeas #HighYieldInvestments #BusinessInnovation #ProfitableVentures #LowRiskIncome #BusinessInvestmentPlans #ExploringIncomeIdeas #HighReturnBusiness #SuccessInATMs #CreatingCashFlow #BusinessBuilding #InvestingForTheFuture #PassiveWealth