My friends and I are considering building bitcoin ATMs. We're still doing the necessary research and planning and we've been looking at existing ATMs like Lamassu. Based on what they've been reporting online (and other sources), it seems to be a pretty profitable business.
We understand that there are lots of regulations involved depending on the country of residence, but we are considering just building and selling the machines, not operating them. Off the bat, are there any other important considerations we should know? Red flags? Any feedback will be appreciated.
You still need to look at the regulation because it is still a business and then make a study first if there are already people/company who are doing this or if you will be the first one. It would be a good business especially if you will be able to get in contact with the one who will operate them. With an increasing bitcoin users but with limited bitcoin ATM available in their place at the moment, this would be a good opportunity to bring on that business. It is better thereafter if you can have clients in several countries if you will be able to implement this one.