Hitachi ATM Franchise : Cost, Profit, Registration & Installation
About Hitachi ATM Franchise
There are lots of Multinational Conglomerate companies across the world but, Hitachi is something very unique. Hitachi Limited is a Japanese multinational conglomerate corporation. The company’s headquarters are present in Chiyoda, Tokyo, Japan. The company was founded way back in 1910 but, it made its establishment in the Japanese market ten years later on February 1, 1920. The highly diversified Japanese manufacturing corporation was founded by Odaira Namihei. Ever since this company was founded and established, it has always responded to the expectations of society and its customers through cutting-edge technology and innovation. The company’s mission is to contribute to society through the development of superior, original technology, and products. Hitachi first launched its series of air conditioners in India in 1999. One year later in 2001, Hitachi conducted the first-ever mass marketing of air conditioners with remote microprocessors. It was since Hitachi was making its presence in India quite strong. Now, the white label ATM service provider Hitachi Payment Services Private Limited was founded back in 2005. It was launched by none other than its parent company, Hitachi Limited. The company has set up its headquarters in Mumbai, India. Further, in this article, we will talk about the Hitachi ATM franchise, how it works, the requirements, the documents required, the application process, and many more. Read more : Top 10 ATM Franchise In IndiaInvestment Required For Hitachi ATM Franchise
Hitachi is a very special and unique brand to business with. One can easily join hands with the brand and can easily start a ATM franchise and can earn Rs 95k to Rs 1.5 lakhs per month without doing anything. But, the biggest thing that one must know is regarding its investment. How much investment to Hitachi ATM franchise is required is the main question for many out there. Currently, Hitachi is using two-three types of franchise plans that you can invest in. The first plan is for Rs 78,000. In this plan, interested candidate only get a ATM machine, VSAT, UPS Battery, and other necessary items required for ATM machine. But, in this plan, franchise owners need to build a cabin for the machine. For the second plan, applicants who are willing to build a franchise including a cabin then the security deposit taken by the company is Rs 1,34,000. For CRM machine, it’s the same plan, one is without cabin and one is with cabin. For people willing to take a ATM franchise without cabin option then the total investment is Rs 1,03,000. People willing to take ATM franchise with cabin then the total investment is Rs 1.5 lakhs. The total investment required to start any type of Hitachi ATM franchise is between Rs 3-5 lakhs.Profit Margins & Earning Model for Hitachi ATM Franchise
The profit margin of all ATM franchises across India is the same and it is based on the number of transactions made. The more number of transactions are made in an ATM the more commission the franchise-owner will receive at the end of the month. For example, if a Hitachi ATM franchise is getting a withdrawal amount of Rs 4-5 lakhs daily then the franchise owner can easily earn Rs 40-45k at the end of the month. So, the more customers visit your ATM franchise and withdraws or checks out any banking options then they will be paid a commission for each service your ATM franchise is providing. Now, the earning model depends on the type of ATM machine you are putting. If you are putting a normal ATM machine then you only get the commission on withdrawals and other options. But, if you put a CRM machine, then you will get commission based on customers who are depositing money on the ATM machine. When people are depositing money on the ATM, that money is recycled into withdrawal money for the same ATM. So, you are not required to put extra money for money loading on those ATM machines. So, going for CRM ATM machine is a better option if you are willing to earn more profit from this type of business.Requirements and Eligibility Criteria for Hitachi ATM Franchise Installation
Here are the requirements and eligibility criteria to get Hitachi ATM franchise in India:-- You are required to give a application to the officials.
- Company will also check if you are financially capable or not to handle the business.
- The minimum age criteria for this business is 21 years old and not below that.
- Must be of sound mind and must understand the business model.
What is Hitachi ATM Franchise Registration Process?
Here is how one can apply for Hitachi ATM franchise in India:-- The first step is to visit the official website of the company.
- On the official page, you will see all the benefits that you will get as a franchise owner, make sure to read them carefully.
- Just below the same page you will find a “Contact Us to Know More” option, which you need to click.
- After you click on that a new page will open up with so many contact options, use them for your application process.
How Hitachi ATM Franchise Evolved- Hitachi ATM Franchise Facts & Figures
Here are some Hitachi ATM franchise facts & figures that you should know about:-- When agreeing with Hitachi you make an agreement for up to 9 years.
- You just require a space of 50-120 square feet to start a Hitachi ATM franchise business.
- You can expect a steady and lucrative income from this business.
- Upon agreement, Hitachi will install the ATM, UPS, and VSAT, and will also do all the interiors, make front glass doors and do all branding of the ATM.
- Franchise owners get Rs 14 on all cash transactions up to 1080 TXN.
- Franchise owners will get Rs 4 on all non-cash transactions up to 1080 TXN.
- All dispensed cash from the ATM is credited to the franchisee bank account the next working day before 10 A.M.