BOLT ATM Fund
INVESTMENT OVERVIEW
• Institutional-quality background of the operator (9,000 ATMs managed across 45 states, $100 million+ equity invested)
• 98%+ of the ATMs are in prime locations in well-known retailers and locations deemed “essential businesses” during the pandemic
• Generous cash flows of 23% average Cash on Cash returns and 15% IRR for a $106,000 investment (22% average Cash on Cash and 14% IRR for a $53,000 investment)
• Contractually guaranteed fixed-rate cash flow stream to investors every single month for 7 years
• The fund uses no debt and no leverage, the assets are owned 100% outright thus reducing the investment’s risk profile
• Fund’s financials allow for an estimated 25%-30%+ reduction in transaction volume prior to the Fund experiencing challenges from operational cash flow
• Core target demographic is ATM user is underbanked, credit-distressed and/or heavy cash users; can’t adopt new technologies (Google Pay, Venmo, etc.) that require bank access
PROJECTED RETURNS
(BASED ON $106,000 INVESTMENT)
• 23% Cash on Cash Return
• 15% Internal Rate of Return
• $1975 paid monthly ($23,700 yearly)
• 7-year investment term
(BASED ON $53,000 INVESTMENT)
• 22% Cash on Cash Return
• 14% Internal Rate of Return
• $962.50 paid monthly ($11,550 yearly)
• 7-year investment term
BACKGROUND INFORMATION
• During the height of COVID-19 and shelter-in-place orders, when theoretically no one is spending and cant leave the house. The operator only saw a fund-wide reduction of roughly 11% in transaction volume
• Fund’s transaction volume has recovered to roughly 98.4% of pre-COVID 19 levels, as of August 2020
• Third-party full audits every 2 to 3 to maintain industry-standard certification as an Independent ATM Deployer (IAD)
• Conservative underwriting does not include additional value-add upside through digital advertising revenue and data analytics regarding a retailer’s foot traffic
• To further align incentives, Altus Investment Group, its partners, and affiliated entities will co-invest over $300,000.
TEAMWORK THAT MAKES THE DREAM WORK
Sponsors: Mary Nguyen, Suja Shyam, John Okocha, Kevin Dugan,
Operators: Prestige Investment Group (Daryll Heller, Will Powers)
Management: Paramount Management Group (Jorge Fernandez)
WEBINAR REPLAY & EXECUTIVE SUMMARY
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Click to view the investor webinar. The initial 30 minutes is a brief overview of the investment opportunity, with the Q&A starting at 30:30.
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Click to view the webinar slides.
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Click to view the detailed executive summary
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Click to view a detailed FAQ about ATMS and their value proposition
IMPORTANT INVESTOR GUIDELINE AND TIMELINE
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Minimum Investment: $53K
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Cash, Self-Directed IRA, or Solo 401K
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Capital Raise Ends: November 16th
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Funds Wired Deadline: November 13th
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Distributions: Made monthly, beginning 4 months after the investment is made
SOFT COMMITMENT
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Please use the button below to put in your firm commitment amount. You must complete the firm commitment to secure a spot in the deal.
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Firm commitments are on a first-come, first-serve basis.
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We will follow up with everyone on the firm commit list with the PPM and steps to verify your accredited investor status (a requirement for a 506c offering).