Have you ever wondered which business you can start on your own that can bring you some good old dollars? If you want to keep your business running and growing, you would like to invest in high cash flow businesses.
Here are some high cash flow business ideas for you to start or own:
- Offer Laundromats Services
- Get Rental Storage Units
- Buy a Franchise
- Form Rehabilitation/Old Age Homes
- Start Your Own School
- Set Up A Food Truck
- Remodel and Repair Houses
- Flip Real Estate
- Set Up an Automatic Car Wash
- Buy FedEx Routes
You’d be astonished to know that according to a survey, 63% of the people owned or wanted to own their businesses someday.
So, let’s learn about the benefits of high cash flow businesses, and how you can start them. I will be giving you a detailed overview of all the logistics and financials involved!
What Are High Cash Flow Businesses?
High cash flow businesses are those businesses that can earn you a great amount of money in a shorter period of time. These businesses create a source of high passive income and provide you with a sustainable cash flow business model better than other business models.
Benefits Of a High Cash Flow Business
Starting up a high cash flow business can bring you a lot of benefits. Let’s talk about some of them.
#1 Financial Freedom
Starting a high cash flow business would loosen your hands when it comes to spending money and provide you with financial freedom and authority to control your money.
#2 High Profits
It is very apparent that a high cash flow business would eventually end up bringing you high profits in a small amount of time. Yes, you’re not dreaming!
#3 You Get To Decide Everything
Owning a high cash flow business would mean that you are holding the ropes entirely and you determine the success or failure of your business.
You would not have a higher authority over you and you can decide your own work hours.
Top 10 High Cash Flow Businesses You Can Start or Own
Here are the top 10 high-paying business ideas that you can start on your own and make significant profits from it in no time:
#1 Laundromats
Laundromats are businesses that offer space and machines for people to do laundry. Laundromats are flexible and highly profitable businesses that are easy to manage and maintain.
Since doing laundry is a requirement and everyone doesn’t own a washing machine, laundromats have taken the lead and become the only solution for these people.
With some helpful tips, you can start earning some cash passively in this business in no time.
What You Require
To start a laundromat business on your own, you would, first of all, need a place to start it up.
Depending on your investment plans, you can either buy or rent a place in a neighborhood that you think would be the best for your business depending on the location and income of people in that neighborhood.
You would also need to buy the machinery for your laundromat.
Overall, the investment required to start a laundromat is around $100,000 to $300,000.
Profitability
While the laundromat would require heavy investments such as buying machinery or a place to start your business, it would soon turn into a profit-producing business for you.
From a single laundromat, you can earn around $30,000 to $300,000 per year and on average you can make $400-$500 per day. Sounds awesome, doesn’t it?
» Get Started: Step-by-Step: How to Start a Laundromat for Passive Income
#2 Rental Storage Units
Some genius came up with the idea of making storage units and then renting them out to people to store their household goods or other stuff like boats, motorbikes, etc.
The best part about storage rental units is that it is a business that runs itself and the storage units don’t require maintenance.
Storage rental units would provide monthly recurring revenue while you won’t really have to do anything at all!
What You Require
To start up a rental storage unit business, you just need only one thing and that is the land to make storage units or buy already made storage units.
This would require an upfront investment of around $25 to $70 per square foot to build a storage unit, but that would be practically the only investment you’d make in this business.
Next time, the flow of cash would be towards your pocket, not away from it.
Profitability
Most people pay the rent of storage units around $190 on average. However, the prices vary on the size and location of these storage facilities.
Here is a breakdown of the average monthly rents of storage units according to their sizes:
| Unit size (Feet) | Average Monthly Rent |
| 5×5 to 5×10 | $85-$95 |
| 5×15 to 10×15 | $150-$170 |
| 10×20 to 10×30 | $280-$300 |
#3 Buy a Franchise
You don’t have the time to start up a business from scratch but you’ve got a big load of money that you want to invest? Buying a franchise would probably be the ideal choice for you.
However, before buying a franchise, do due diligence and then make an informed decision about which franchise you want to buy.
What You Require
To buy a franchise, it is very obvious that you would require a very large investment somewhere around $10,000 to $100,000.
When you’re buying a franchise, that means that you will be taking responsibility for its marketing and maintenance. You should also factor those costs in as a requirement to run this business.
Profitability
When you will own a franchise, you will have to share profits with your franchisees, reducing your overall profit.
According to a survey, the average pre-tax annual income of franchise owners is about $80,000.
This seems like a great way to earn some cash but this business definitely requires serious involvement from your side.
» You can also read my post: Top 10 Best Absentee Businesses
#4 Open Up Elderly Health Facilities
The healthcare industry is an ever-growing one and with increased susceptibility to various diseases, there is always a shortage of facilities, equipment, and staff.
If you could provide all of that in some way, you would be handsomely paid for it. The best way to do that is by establishing an elderly health facility or a rehabilitation center.
What You Require
Opening up such a healthcare facility would require you to buy or rent a place. In addition to that, more costs would keep on adding as you hire staff, buy medical equipment, and other accessories.
You can estimate your investment costs around $,3000 to $5,000 per unit of the facility. To build your name, you would have to ensure that you’re providing quality care and people are satisfied with it.
Profitability
Even though opening up an elderly healthcare facility requires significant investment in terms of hiring staff and buying equipment, the profit you make outweighs the cost by a huge margin.
Well-run operations of elderly healthcare businesses can generate 20%-30% returns quite easily.
#5 Start Your Own Daycare/Preschool
If you love kids but find them too hard to manage at the same time, it would make a lot of sense for you to open up a daycare.
A daycare generates smooth money and it is highly predictable. However, for the success of your business, you need parents to trust your caretakers in order to leave their children at their disposal.
What You Require
To start this business, would need to buy or rent a place to open your services in. You would need to renovate the rooms that specifically cater to the kids for example painting honeybees or rainbows sounds like a good idea.
But the most important investment would be in hiring certified caretakers for your daycare. This adds credibility to your daycare and sets you apart from other businesses.
The total investment for a daycare business would be around $10,000 to $50,000.
Profitability
The daycare is highly profitable, and just because the industry is blooming up, this is the perfect opportunity to start a business in this field.
Daycare owners generally gain an average profit of around $35,000 per year. Who knew that shushing crying babies could bring in so much profit?
#6 Open Up a Food Truck
If you have awesome cooking skills, then don’t you think it’s about time that you showcase them? People love to have good food and you can give them that by starting up a food truck.
These food trucks are amazing restaurants on wheels and they have been gaining much popularity over the past few years.
What You Require
To start a successful food truck business, you would need to rent a truck that you can operate from. After that, you would have to perfect the menu and the recipes to ensure that your food is enjoyable.
The investment cost for starting up a food truck is $28,000 to $114,000.
If you’ve figured out the right recipes and menu, now is the time to choose the best location. An ideal location for a food truck would be a tourist spot or other places that have large populations nearby.
Profitability
The food trucks are highly profitable businesses but to make your business sustainable, you would need maximum people buying food from you and getting the word out.
Food truck owners run very successful businesses and I am sure you could do that too if you play your cards right.
Food trucks on an average make $250,000 to $500,000 annually and $20,000 to $42,000 per month.
» Get Started: Are Food Trucks a Good Investment?
#7 Remodel And Repair Houses
If you think that you’ve got what it takes to remodel and repair houses, then this could be the perfect business for you. It yields high profit and it is very predictable.
House damage is fairly common and your business has numerous opportunities to thrive in the future as well. If you work as a contractor, this could be specifically very useful for you.
What You Require
One hiccup with this business is that it requires an upfront investment (somewhere around $50,000 to $75,000) as well as a lot of certifications, skills, and tools.
It would also take time for you to establish your name and get firmly rooted in the remodeling field.
However, once you’re established, and deliver better remodeling results, you will get a higher profit margin.
Profitability
Remodeling and repairing houses require a lot of investment but don’t worry, the profitable days aren’t far away from you.
All you need to do is deliver great results and keep a reasonable pay rate to get hired more often.
A house remodeler gets an average profit of $303,000 which rounds up to a 27% gross margin.
» Read my blog post: $5,000 Per Month? – Starting a Bread Route to Make Money
#8 Real Estate Investment Trusts
Do you want to invest in the real estate business but don’t have enough capital to do that? You can invest in real estate investment trusts instead.
These trusts basically pool money from various investors like yourself and buy a property.
When they start gaining profits from that property, the dividends are distributed to investors, and this way everyone gets to keep some profit from the business.
Real estate investment trusts are a quick way for you to get profits with small investments. This can truly be an ideal business opportunity for you!
What You Require
You don’t as such require anything because this is just a passive way of earning. All you need to do is invest the money in REITs and see how that turns out for you.
Profitability
Real estate investment trusts can turn out to be profitable but that entirely depends on how much money you’re investing.
The greater you invest, the more dividends you will get in the future. Yes, it is that simple!
#9 Automatic Car Wash
Opening up an automatic car wash business is no piece of cake and it would require significant work and investment from your side.
Though you can gain a lot of capital very fast through this business, you need to be careful at every step of the way. It would take approximately six months to complete building up a car wash.
What You Require
To start up this business, you would need to acquire space, ideally a vacant lot so that you don’t have to spend too much on construction.
The next step is to find the appropriate equipment for your business and form a cost estimate in your mind.
A car wash business startup would cost you around $42,000 per bay if you plan to construct automatic units.
Profitability
The revenue that you will generate through a car wash is going to be significant. You would be surprised to know that you can gain as much as a profit of $800,000 per year by starting up a car wash business.
» Get Started: Step-by-Step: Start an Automatic Car Wash for Passive Income
#10 FedEx Routes
If you own a box truck, you can start buying FedEx routes. What you’ll essentially be doing is that you will be buying these FedEx routes that have populated territories nearby.
You will be delivering mail to these areas and getting paid by FedEx to do that work. Though it may require some upfront investment from you, this can be a stable long-time business.
What You Require
You will just require a box truck to start up this business. Once you start buying different Fedx routes, you can also hire drivers and allot those routes.
Buying a FedEx route would cost you around $60,000 to $100,000 plus working capital.
Profitability
Starting up a FedEx routes business is highly profitable and generates up to 20% passive cash flows. The average cash flow percentage for starting up a FedEx route business is 26.1%. The profit per FedEx route is $30,000 to $40,000 per year.
» Get Started: How to Buy a FedEx Route to Make Money
Final Thoughts
Starting up a high cash flow business can be a great idea because it can generate a lot of revenue and help you learn something new and innovative.
There are many ideas out there that you can adopt and start a business of your own, but the best one for you is whichever one you find to be the most comfortable.
Now that you know all about high cash flow businesses, I guess you have a lot of planning and execution of a successful business lying ahead on your to-do list. I’d suggest you better get to that right now!
