San Jose based, ACFN is ranked the 37th Fastest Growing Private Company in Silicon Valley, offering a proven method of business success and remains unshaken even in the grip of this recession, showing organic growth of 35%.
With the economy still struggling to get back on its feet, many people are still in search of more original means to financial security. Skyrocketing levels of unemployment have even pushed some to delve into the world of business ownership. Yet the rash of recent store closures has left many wondering what can be done to prevent loss and ultimately business failure.
Even tried and true business models like that of Blockbuster, with its 960 store closings, and Starbucks, with their 300 store closures, are reporting colossal loses with no sign of short term improvement.
Still, some are determined, and have launched headfirst into projects of many different shapes and sizes, from the exclusively online to the normal brick and mortar. While physical business locations might be more comfortable for some, this does not mean that the process is an easy one to arrange. For example, factors such as location, need, and profitability are all arenas that must to be intensely explored.
When investigating a location to launch a business, it is customary to employ research professionals to assess proposed locations to determine the likelihood of operating a thriving business in that area. Still, the predictions generated by these individuals are not without their drawbacks and are by no means absolute. Armed with innovation, ATM business, ACFN has overcome the brick and mortar disadvantage by granting their business owners the opportunity to relocate when profits do not meet set standards.
ACFN’s proven model of success lets franchisees reposition their products in the most important sense. The right to move an ATM from a contracted location is built into the franchisee’s agreement with every vendor.
President of ACFN Jeff Kerr notes, ”Our goal is to make every ATM placement a success and with ACFN’s experienced market research team and best-in-class marketing, we achieve that goal most of the time”. For those locations that fall short of expectations, in contrast to the typical retail franchise where there are little to no solutions for this problem, we have built in down-side protection by including the right to remove in our agreements” adds Kerr.
“This unique feature of our business has been particularly beneficial in today’s volatile market allowing franchise owners to protect their investment and maximize their profits”. says Avi Blankroth, Executive Vice President of ACFN
In a time of no guarantees, the chance for a ‘do-over’ can definitely be appreciated. ACFN’s ATM franchise is a recession proof way to prosper in any economy.
About American Consumer Financial Network (“ACFN”)
ACFN is ranked the 37th Fastest Growing Private Company in Silicon Valley by the Silicon Valley Business Journal for 2009 and the 64th Fastest Growing Private Company on the Inc. Magazine listing of Top 100 Business Products & Services for 2009 and recognized by Entrepreneur Magazine as one of the “Fast 50” franchise companies”.
