7 Passive Income Ideas That Can Make You Big Bucks

Buy an established laundromat

Every major city and town requires at least some laundromats. You’re likely better off buying a laundromat for sale than trying to launch one, however. The startup costs, bureaucracy and equipment fees can be cost-prohibitive. Carefully assess your overhead costs and potential profit margins. A well-run laundromat can bring in tens of thousands to a few million dollars a year.