Mitchell Sorkin
Co-founder of an ATM business, who left a VC-backed startup to build a profitable, less labor-intensive business. He shares his experience in building and scaling an ATM business.
Top 3 podcasts with Mitchell Sorkin
Ranked by the Snipd community
10 snips
Dec 18, 2024 • 33min
98 - How to Start and Scale an ATM Business: From 3 to 900 Machines ($180k/Month) with Mitchell Sorkin
Mitchell Sorkin, known as "The ATM Guy," shares his incredible journey from e-commerce to running a booming ATM business with 900 machines generating $180k/month. He discusses the scalability of ATMs, detailing revenue streams through transaction fees and the negotiation of ATM routes. Mitchell highlights the ease of managing capital over people, explores operational strategies, and emphasizes the importance of location for revenue. He encourages budding entrepreneurs to embrace experimentation as a pathway to success.
9 snips
Jul 24, 2023 • 1h 17min
Building an ATM Empire
Mitchell Sorkin started by buying 3 ATMs in 2021. Today he has over 140 machines and is targeting $5m EBITDA in 3 years. Topics in Mitchell’s interview:The difference between arbitrage and building a businessMitchell's journey to acquiring 140 ATM machinesHow to evaluate an ATM routeRevenue and margins in the ATM businessChallenges with SBA financingHis most controversial Twitter threadFuture plans to raise a fund3 ways to profit in the ATM businessDealing with theftHow people underestimate ATMsReferences and how to contact Mitchell:Stack InfluenceATM BrokerageMitchell’s Twitter thread about the Korean sellerinfo@sorkinatm.comMarshall & SterlingGet a complementary pre-acquisition HR & PEO review for your target business:Contact mark@aspenhr.com or visit Aspen HR Get complimentary due diligence on your acquisition's insurance & benefits program:Oberle Risk Strategies - Search Fund TeamConnect with Acquiring Minds:See past + future interviews on the YouTube channelConnect with host Will Smith on LinkedInFollow Will on Twitter
6 snips
Aug 18, 2023 • 47min
How To Buy ATM Machines and Build a $10M EBITDA Business | Mitchell Sorkin Interview
Mitchell Sorkin, co-founder of ATM holdco, transitioned from a VC-backed startup to the lucrative world of ATMs. In just two years, his company expanded from 3 to over 100 machines, raking in significant revenue. He discusses achieving impressive cash returns, the advantages of investing in ATMs compared to real estate, and surprising insights on banks' reluctance to work with ATM operators. Sorkin also sheds light on future industry trends and the potential of acquiring existing ATM businesses, making this a must-listen for aspiring entrepreneurs.
