Laundromat $100k

One passive business you can own is a 24/7 laundromat for around $100k. You can find listings online (LoopNet & BizBuySell) or you can buy an office building and start there. This would be an ideal business for someone on a budget. You can finance for around $20k with under $1k monthly. Laundromats make an average annual income of $200k-$500k. You would need to hire someone to supervise, clean and maintain the equipment or do it yourself. Laundromats are also in high demand too. You can add an ATM machine and vending machines to make more side money.

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