ACFN

The ACFN(R) business model is to offer ATM services, financial transaction processing services, and related financial services. The company provides an opportunity for entrepreneurs who are interested in owning their own business but do not have the capital necessary to purchase an existing business.

The ATM industry is a $40 billion market that has been growing at 11% per year. There are two major problems with the current state of ATMs in the US. First, only 30% of all retail locations accept ATM transactions. Second, there is no network to connect those retail locations together and allow them to share their resources (i.e., maintenance costs). ACFN solves both these problems by creating a nationwide network of ATMs that can be accessed through any other ATM on the network and allowing each location to cost-effectively provide high quality services like free bill pay and remote deposit capture for its customers while sharing associated savings with its customers (i.e., lower fees). At first glance, it may seem counterintuitive that building an entire new system could create value rather than destroy it; however, this is exactly what ACFN does by connecting all parties involved in providing financial services via an automated teller machine - from

The franchisor is ACFN Franchised Inc., a California corporation formed in December 2002, with its principal business address at 75 East Santa Clara Street, Suite 1450, San Jose, California 95113.

Royalties : Currently, 1% of Net Revenue1; may be periodically decreased or increased to up to 1% of Gross Revenue upon written notice to you

Royalties : 200