ACFN FDD – Franchise Information, Costs and Fees
Type of Business
ACFN® businesses are part of the ACFN® automated teller machine(“ATM”) network and provide ATM services, financial transaction processing services, and related financial services and ancillary goods to businesses and individual. ACFN® franchisees will market ATM services to hotels, retail locations, and other entertainment and travel-based businesses and will install ATMs at those host locations accepting the services,and will perform all services and maintenance required of the ATMs.
ACFN Franchised Inc. is a California corporation formed in December 2002. Their principal business address is 255 W. Jullian Street, Suite 600, San Jose, California 95110. They intend to do business under their corporate name, and under the ACFN® name and the American Consumer Financial Network™ name. They have been offering ACFN® franchises for sale since February 21, 2003.
The total investment necessary to begin operation of an ACFN® business is from $40,400 to $67,815, assuming the operation of one to 3 ATMs. This includes $31,050 to $41,465 that must be paid to the franchisor.