With Bitbox ATM, the most important requirements for becoming a franchisee are an entrepreneurial mindset and an interest in building recurring monthly income. Because no experience is required, and Bitbox teaches everything needed to run the business successfully, owners and prospects come from a wide variety of backgrounds. By Cindy Charette
With Bitbox ATM, the most important requirements for becoming a franchisee are an entrepreneurial mindset and an interest in building recurring monthly income. Because no experience is required, and Bitbox teaches everything needed to run the business successfully, owners and prospects come from a wide variety of backgrounds. Currently, Bitbox franchisees include hotel proprietors, engineers, 9-to-5 professionals, a criminal investigator and even the CEO of a bank. Other Bitbox franchisees include busy doctors who want a turnkey side business that requires minimal time commitment, and retirees who want to supplement their income.
According to Joel Carlsen, franchise director of Bitbox ATM: “The number one reason people seek us out and wind up becoming franchisees is because they want something managed for them. They don’t want to invest (in a business) and buy into another full-time job.” With Bitbox ATM, 95% of the work required to start and run the business is managed by the corporate team.
As a franchisee, your assigned Bitbox location manager will find your location, negotiate your lease, install your machine, handle your marketing and take care of all regulations and compliance. A franchisee with two machines may spend one to two hours a week managing their business through their Bitbox web portal platform. This portal can be logged into 24/7, and owners are able to view all Bitcoin transactions in real time. Additionally, franchisees are assigned an account manager who provides continuous support with any business questions or issues.
Carlsen described Bitbox ATM’s business model as being different from other brands because owners only invoice each month, based on gross revenue from each machine. This means that after the initial investment, no owner will ever be upside-down or burdened with having to pay expenses until an income is generated.
According to Carlsen, around the world there is a massive shift taking place from cash to digital currency. This movement has increased because of the onset of COVID-19, which has also resulted in higher demand for touchless transactions. With the growth projections of Bitcoin and cryptocurrency, Bitbox is an attractive franchise option for those who want a passive investment opportunity.
For more information about Bitbox ATM, visit bitboxatm.com.
– Cindy Charette