Updated almost 6 years ago on . Most recent reply
Passive income business ideas
I have been trying to brainstorm passive income business ideas. I am trying to create multiple sources of income. I do not have the time to run a business day to day. I am not interested in trying to reinvent the wheel. Something with a track record and would be scaleable. It would have to be like Lays potato chips, can't have just one (location).
Ideas:
Laundromat - Cash management is the main issue. I do not want to collect money from the store everyday. Finding someone to trust is going to be impossible.
Carwash - I like the real-estate element, but again a cash management issue. There are a number of local and national companies that are building Wall Mart sized carwashes in Jacksonville.
Ice vending machine - I have just started to look into this. It may be a limited market. The machines are largely credit card.
Vending - On the fence if this is really passive. Need to source and deliver supplies to the machines every week.