Laundromat

This is one of those passive income options that might sound random, but it’s actually a great idea! The only “real work” is during the beginning and setting it up.

Then, you only have to collect the money, pay the electricity, water, and cleaning bills, and perhaps deal with any technical problems that come up. Of course, the cost to set it all up is something to consider, but it’s not as much as you would think.

We dug up some research into this and came across several articles that estimated the start-up costs to be about $22,000 for a 40-machine service. A business this large is also expected to have a revenue of roughly $46,000 per year. Who knew, right?