If looking for a business opportunity that requires minimum investment but a high return, the Indicash ATM franchise might be an ideal choice. This guide is your step-by-step direction which tells you about everything you need to know to start Indicash ATM franchise cost, and other requirements, and processing steps. We shall discuss how you can be a part of a franchise, the obligations which come with it, and how much you can gain.
What is an ATM Franchise Business?
An ATM franchise is an enterprise framework that enables people to use and manage an Automated Teller Machine (ATM) as a business. It is a service that is especially successful in India − a paradigm with extremely small ATMs compared to the population. It is at this manner where people handle and take advantage of the cash as well as non-cash transactions that are made at the different ATMs they own.
As a franchise owner, you can make money every time a person uses your machine to do some financial transactions. The reason for this type of ATM is that the bank might decide to own it while it is a separate third party. The low initial investment and high return potential make this a lucrative option for both seasoned entrepreneurs and newcomers to the business.
Why Choose the Indicash ATM Franchise?
Indicash is the most familiar and trustworthy brand in the Tata Group’s stable. IndiCash was the first company to get an RBI license to operate White Label ATMs of India, which in turn gave it a credible and established market presence. The ATM penetration in India is still low, with only 22 ATMs per one lakh population, which provides a vast opportunity for ATM operators to thrive.
Indicash ATM Franchise is a great place to start your business with low budget, brand help got through an excellent brand and worth of steady income search.
What is the Indicash ATM franchise cost?
When talking of the Indicash ATM franchise cost, it must be said that it is very affordable in comparison with other business models. To begin with, you have to invest a minimum amount of ₹5 lakhs. This cost includes the cost of the installation, management, and daily operation of the ATM. Here is what you can expect:
| Cost Breakdown | Amount (Approx.) |
|---|---|
| Initial Investment | ₹5 Lakhs (Minimum) |
| Security Deposit (Refundable) | ₹5 Lakhs |
| Miscellaneous (Rent, Bills, etc.) | Varies by Location |
| Total Approximate Cost | ₹10 Lakhs |
The ₹5 lakh refundable security deposit ensures that the franchise operator is serious about the business, while the initial investment goes toward managing the day-to-day operations, such as cash loading, maintenance, and rent. Depending on the location and the scale of your operations, the total cost can vary, but ₹5 lakhs is the minimum you need to get started.
How to Start an Indicash ATM Franchise?
It is a systematic and logical process to get a franchise for yourself, even for the ATM of Indicash. These steps are followed by the ones who want to own the Indicash ATM franchise:
- Choose Your Business Model: Franchisees of Indicash can choose either the first or second business model.
- Onsite Model: You can choose an existing Indicash ATM location and operate your franchise.
- Offsite Model: You will propose a self-owned or leased space (60-80 sq. ft.) in a high-footfall commercial area. Also, the space should be preferable as a high-traffic location.
- Site Selection: When a business model is selected, you either propose or decide on a site. In order to operate the ATM, the site should obtain good traffic due to high footfall.
- Contractual Agreement: After the site is shortlisted, a contract with Indicash is signed to initiate the franchise agreement.
- Minimal Investment: A ₹5 lakh investment is the minimum required to operate daily activities. The amount will cover the cost of cash loading, the cost of the maintenance of the ATM and the cost of operational support.
- Training and Launch: As an initial training for investing in the ATM, we will offer training to the new employees who will fill the job at your ATM (FLM) with training that recovers getting released from the ATM for maintenance work coupled with the handling of cash. post-training, you can start your own ATM.
- Earn with Every Transaction: You will be able to start earning from the very first day. Accordingly, every single transaction along with the non-cash one on your ATM gives you a commission.
- For more info: You can share your contact details on official website: https://indicash.co.in/contact-us/atm-franchise/
Or Call our Toll- free number 1800 2662 660
What you need to own an Indicash ATM Franchise
Minimum eligibility requirements are firstly to be financially capable to start.
- Financial Capability: You need to invest a minimum of ₹5 lakhs to manage daily ATM operations.
- Commercial Space: If you choose the IA model and not the ATM Site, you must fix the minimum space by a high-footfall location
- Entrepreneurial Spirit: as the owner of a franchise, you will be tasked with running and expanding your business. A thorough understanding of the operations and dedication is required.
- Sound Credentials: You need to have strong personal and company credentials to apply for the franchise.
Responsibilities of an Indicash ATM Franchise Owner
As per your franchisor, here is the rundown of the tasks that you need to take charge of to let the ATM run smoothly:
- ATM Room Setup: Carry out all the necessary preparations before opening the ATM booth, such as the required civil work, carpentry, and other necessary arrangements.
- Site Expenses: It will be your job to lease the property, pay the electricity bills, clean the site, and take care of the other day-to-day expenses
- Daily Operations: You should also be in charge of cash loading, FLM, and marketing efforts to the community that will only bring positive brand awareness to Indicash by follow proper branding guidelines.
- Post-Launch: Once the ATM is in operation, the tasks include regular inspections to see if repairs and replacements are needed as well as maintaining the compliance of Tata’s brand reputation and guidelines.
What Can You Earn as an Indicash ATM Franchisee?
Earning potential is the most appealing factor of the Indicash ATM franchise. You earn a royalty on every transaction from the first day of your location with minimum free transactions both per day and per month. You can earn up to:
- ₹8 for every cash transaction
- ₹2 for every non-cash transaction
The earning potential can fluctuate between 33% and 50% ROI in the primary year due to the number of dealings and the location. The new owner of a limited-time promotion was given the chance to profitably engage in the business, especially the ATM is located in a high-traffic area.
Lock-in Period and Exit Clause
By virtue of the signed agreement, a minimum lock-in period of one year is included in the contract. If you leave the business before the one-year period has elapsed, the company may ask for a refund of the ₹1 lakh. That way, franchisees are on the hook for the longest period of time as they are the ones who will have to manage the ATMs. In this way, they are the most committed to it being successful for a long time.
Support from Indicash
Previous experience running an ATM is not required in the case of the Indicash ATM franchise, as the company offers full training and support for its franchisees to be able to deal with day-to-day tasks with ease. Indicash will be your mentor on:
Cash Loading and Handling: The course will teach you how to manage the cash inside an ATM.
First Level Maintenance (FLM): You will be instructed to deal with simple machine trouble issues.
Marketing and Branding: Indicash offers you guidelines to attract more customers to the machine around your locality.
Why Prefer an Indicash ATM Franchise?
Indicash ATM franchise presents a remunerative business proposition by virtue of the following factors:
1. Reputation and Trust: Indicash is supported by Tata Group, a name that is synonymous with trust and dependability in India.
2. Low Initial Investment: You can kick off your entrepreneurial journey with only a mere ₹5 lacs as the first stage of the investment so you will not take any considerable financial risk while starting the journey.
3. High Returns: This business model offers Return on Investment of 33% in the very first year with prospects to grow beyond that.
4. Low ATM Penetration: Now, there are only 22 ATMs per lakh people in India; therefore, there is an increasing demand for ATM services.
Also see – Myntra Delivery Franchise: Can You Afford This Opportunity?
FAQs About Indicash ATM Franchise
What is the minimum investment required to start an Indicash ATM franchise?
You need a minimum investment of ₹5 lakhs to start an Indicash ATM franchise.
How much space do I need for an Indicash ATM?
You need 60-80 sq. ft. of commercial space in a high-footfall area.
Can I earn from both cash and non-cash transactions?
Yes, you can earn up to ₹8 for every cash transaction and ₹2 for every non-cash transaction.
Do I need any experience to start an Indicash ATM franchise?
No prior experience is necessary. Indicash provides training and support to help you manage the ATM operations.
Conclusion
The Indicash ATM franchise is a golden chance to establish a company with a small amount of money and it is also a business and profit venture. The benefits of Tata Group such as a strong financial base, good profits, and support from the company are the positive aspects of the ATM franchise on Indicash. Thus, opening the ATM franchise is one of the wisest financial decisions that one can make. India is still at a low level of ATM penetration while the rest of the world is gradually moving to cashless transactions. More and more financial institutions are coming in every day; thus, this is a chance for more income for those who dared it first.
Rohan Thakur, a business consultant with over 10 years of entrepreneurship experience, is the lead persona who presents the gospel to the people. He specializes in showing individuals the way to open new businesses and get franchises. Rohan makes suggestions regarding market research, finance, and business, therefore, many young entrepreneurs can achieve the stable stage of their development.
