The Koerner Office - Business Ideas and Small Business Deep Dives with Entrepreneurs
Hey, I'm Chris Koerner - serial entrepreneur, business ideas addict, and your new ADHD business ideas best friend. I've started 75 businesses, with 10 of them being worth 7-8+ figures. I love startup ideas!
Want to make money, grow a business, or just start a side hustle? You're in the right spot.
This show covers:
- Real-world growth hacking tips
- Deep dives into cool business ideas and AI tools.
- Simple business advice for small business & startups
- Ways to make money with side hustles and home services
- How to invest in RV parks or mobile home parks
Sometimes I'll chat with another entrepreneur buddy, sometimes I'll go solo.
I've built lots of companies, run multiple businesses, and made tons of mistakes (so you don't have to).
If you love entrepreneurship, marketing, business ideas or agency life, this show is for you.
Let's make you some money with cool business ideas! Find me at TKOPOD.COM
Chris Koerner of The Koerner Office
The Koerner Office - Business Ideas and Small Business Deep Dives with Entrepreneurs
How to Make $864K/Year Profit with ATMs. ATM Biz Deep Dive. Ep #072
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!
---
Watch this on YouTube instead here: tkopod.co/p-yt
Ask me a question on or off the show here: http://tkopod.co/p-ask
Learn more about me: http://tkopod.co/p-cjk
Learn about my company: http://tkopod.co/p-cof
Follow me on Twitter here: http://tkopod.co/p-x
Free weekly business ideas newsletter: http://tkopod.co/p-nl
Share this podcast: http://tkopod.co/p-all
Scrape small business data: http://tkopod.co/p-os
---
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
