How to start Hitachi ATM franchise | Investment details

Are you looking for a profitable business opportunity in your urban city? If you’re an entrepreneur or business owner looking for a profitable and reliable franchise opportunity, you’ve come to the right place. In this blog, you will know about Hitachi ATM, Hitachi ATM investment details, Pros & cons of hitachi ATM, how to get starts hitachi ATM franchise.

Franchise Brand Profile:

Brand Name: Hitachi ATM

Year of Establishment: 2008

Managing Director & Chief Executive Officer: Sumil Vikamsey

Number of ATMs: 9,700 ATMs

About Hitachi ATM:

Hitachi Payment Services, a subsidiary of Hitachi, Ltd.,has been licensed by the Reserve Bank of India (RBI) to deploy White Label ATMs (WLAs) across the country. Hitachi ATMs have a strong focus on Tier 3 to Tier 6. The company currently manages over 9,700 ATMs under the brand name “Hitachi Money Spot”.

The Hitachi ATM franchise offers a unique opportunity for shop owners or individuals with extra space to set up Full Shop, Shop-in-Shop, or Standalone ATMs under the brand Hitachi Money Spot. This franchise allows individuals to earn income through a revenue-sharing model. Hitachi Money Spot provides ATM services, including cash deposit facilities, and is RBI approved. The franchise offers different models like Portacabin, Shop In Shop, Full Shop, and Kiosk, each with specific space requirements and investment details.

Hitachi ATM franchise Investment Details:

Hitachi ATM investment details | franchise story

Hitachi Payment Services aims to expand its ATM network and provide additional revenue opportunities for franchisees across various regions in India.

JADE (Only ATM): The initial investment for the JADE model is INR 1,34,000, which includes a refundable deposit of INR 75,000, a non-refundable upfront fee of INR 50,000, and GST of INR 9,000.
PEARL (ATM & CRM): The initial investment for the PEARL model is INR 1,59,000, which includes a refundable deposit of INR 1,00,000, a non-refundable upfront fee of INR 50,000, and GST of INR 9,000.

	JADE (Only ATM)	PEARL (ATM & CRM)
Initial Investment	1,34,000	1,59,000
Refundable Deposit	75,000	1,00,000
Non-Refundable upfront fee	50,000	50,000
GST Upfront fee (18%)	9,000	9,000

Hitachi ATM Franchise Models

Kiosk: Min 5X5 area in commercial closed sho

Shop In Shop: Min. 5×5 Space inside an existing commercial shop

Full Shop: Min. 7X10 to Max. individual shop for ATM Alone

Portalcabin: Needs only 7x7Ft. Empty Land to place readymade cabin

Franchise Term and Renewal:

The franchise term for Hitachi ATM franchises is 9 years, with the option to renew.

How to get start Hitachi ATM franchise:

Visit the Franchise Bhoomi website and search for “Hitachi ATM franchise”
Review the available franchise models and their investment details
On the Franchise Bhoomi website, fill out the franchise application form with your details
Provide information about your proposed franchise location and investment capacity
Review the application carefully before submitting to ensure all details are accurate
If your application is approved, you’ll need to sign a franchise agreement with Hitachi
Review the agreement carefully and ensure you understand all the terms and conditions
With the support of Hitachi, you’ll need to set up your ATM franchise, including obtaining necessary permits and licenses.

Also Read this: How to start food truck franchise | 1 Lakhs investment high Profit

Pros & Cons:

Pros

The initial investment is relatively low compared to other business opportunities, making it accessible to a wider range of entrepreneurs.
ATMs are in high demand, ensuring a steady stream of customers and revenue.
Hitachi ATMs are designed for low maintenance, reducing operational costs and increasing profitability.

Cons

Requires a suitable rental location that meets specific requirements
Ongoing maintenance and security costs
Potential competition from other ATM providers in the area

By offering a revenue-sharing model, increased store visibility, and comprehensive support, the Hitachi ATM franchise presents an attractive opportunity for shop owners and entrepreneurs to generate additional income and grow their business.

Conclusion:

Starting a hitachi ATM franchise in your urban cities is the right business option, With a low initial investment, high-profit margins, and the backing of a well-established brand, Hitachi offers a compelling franchise proposition.

By following best practices and working closely with the Hitachi ATM franchise, You need to carefully consider the pros & cons, investment details.

If you’re ready to take the next step, contact franchisebhoomi, they will help you to connect and to learn more about their franchise opportunities and how you can become part of their growing network of ATM service providers.

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FAQ:

What documents are required for the Hitachi ATM Franchise?

Identity documentation (passport, PAN card, or Aadhaar card).
Address evidence (telephone bill, electricity bill, or rental agreement).
Rental agreement or proof of ownership for the proposed location.
Bank statements or other financial records to show stable finances.
Documents to register the business (if necessary).
Experience and track record in the business.
Documents for every person who is a franchisee.
Certificate of police verification for security clearance.
NOC from the owner of the property (if applicable).
Any other relevant permits or licenses required by the local government

What are the benefits of the Hitachi ATM Franchise?

Low initial investment.
High demand for ATMs.
Low maintenance costs.
Increased store visibility.
Comprehensive support from Hitachi.
Revenue-sharing model for income generation

How do I get started with the Hitachi ATM ?

To get started, visit the Franchise Bhoomi website, review the available franchise models and their investment details, fill out the franchise application form, and provide information about your proposed franchise location and investment capacity. Review the application carefully before submitting to ensure all details are accurate. If approved, sign a franchise agreement with Hitachi and set up your ATM franchise.

What are the investment details for the Hitachi ATM Franchise?

The initial investment for the JADE model is INR 1,34,000, which includes a refundable deposit of INR 75,000, a non-refundable upfront fee of INR 50,000, and GST of INR 9,000. For the PEARL model, the initial investment is INR 1,59,000, which includes a refundable deposit of INR 1,00,000, a non-refundable upfront fee of INR 50,000, and GST of INR 9,000.

What are the key requirements for the Hitachi ATM Franchise?

A space of at least 100 square feet for the ATM setup.
Internet connectivity and a steady supply of electricity.
Adequate security measures, including surveillance via CCTV.
Compliance with local licensing and regulatory requirements.
Stability of finances and the capacity to pay for investments and operational expenses.
Willingness to receive instruction and adhere to Hitachi’s operational guidelines.
Focus on providing exceptional service and a customer-centric approach.
Excellent track record and reputation in the business sector.
Access to suitable locations with a lot of foot traffic and ATM demand.
Commitment to regular servicing and repairing the ATMs.

Who is the CEO of Hitachi ATM?

Sumil Vikamsey, who is currently the CEO of Cash Business at Hitachi Payment Services, has been appointed as the new Managing Director of the company.