ACFN Automated Tellers FDD Summary
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 individuals. 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.
We are a California corporation. Our principal business address is Community Towers, Sixth Floor, 111 W. Saint John Street, San Jose, California 95113. We intend to do business under our corporate name, and under the ACFN® name and the American Consumer Financial Network™ name.
The total investment necessary to begin operation of an ACFN® business is from $51,655 to $89,953, not including real estate costs and assuming the operation of 2 to 5 ATMs. This includes $35,305 to $50,603 that must be paid to us or our affiliate.